Rox Resources Limited (ASX: RXL) has received full shareholder support its proposed Youanmi Gold Project transaction in Western Australia.
Rox and its joint venture partner, Venus Metals Corporation Limited, have entered into a binding agreement to consolidate their respective ownership interests in the Youanmi Gold Project in Western Australia,
The Transaction is subject to several conditions precedent, including (but not limited to) Rox obtaining shareholder approval, which it has now received.
The company also noted that as announced to the ASX by Venus, its shareholders have also approved all resolutions as they relate to the Transaction.
“The tremendous support from shareholders indicates that consolidation of the joint venture interests in the 3.2Moz Youanmi Gold Project under Rox’s 100% ownership is a logical and important step towards unlocking the full potential of the Youanmi Gold Project,” Rox Managing Director, Rob Ryan, said.
“Rox has enjoyed a strong start to 2023, highlighted by the transformational consolidation of the Youanmi Gold Project, positive in-fill drilling to convert existing Inferred Resources to Indicated status and the potentially game- changing discoveries at Paddy’s Lode and Midway.
“On behalf of the Board and leadership team, I would like to thank shareholders for their continued support and look forward to providing further updates as we progress the Youanmi Gold Project through what is expected to be a very exciting period for Rox moving forward.”
For further information please visit: https://www.roxresources.com.au/
