Thomson Geer advises Rox Resources on A$200 million institutional placement to advance Youanmi Gold Project development

Thomson Geer has advised Rox Resources Limited (ASX: RXL) on a A$200 million institutional placement, a significant equity raising that will fully fund the development of the high-grade Youanmi Gold Project in Western Australia.

The transaction drew strong support from leading domestic and international institutional investors, signalling confidence in the project’s fundamentals and Rox’s clear pathway to production.

The raising includes a A$60 million cornerstone investment from L1 Capital, alongside continued participation from major shareholders Hawke’s Point and QGold. A Share Purchase Plan will also be offered to eligible shareholders to raise approximately A$10 million at the same issue price as the placement.

Proceeds will be applied to the development and construction of the Youanmi Gold Project, including the processing plant, site infrastructure, a 350-room accommodation camp, wastewater treatment facilities, upgraded site roads and dewatering infrastructure. First gold production is targeted for mid-CY2027.

Thomson Geer advised on all legal aspects of the placement, including structuring, regulatory compliance, shareholder approvals and execution.

The Thomson Geer team was led by Partner Scott Gibson, who said: “We are very pleased to have supported Rox Resources on this major equity raising. Securing this funding marks a major milestone for the Company and positions it well as it finalises debt arrangements and moves into the next phase of project delivery.”

The Thomson Geer team also included Senior Associate Chris Seotis and Lawyer Charlie Mitchell.

Thomson Geer has supported Rox Resources for a number of years, advising it on its joint venture acquisition of the Youanmi project in 2019 and a A$40 million capital raising in May 2025.