Rox inks A$350m syndicated facility agreement for Youanmi
Western Australia-focused developer Rox Resources has secured A$350-million in debt funding for the development of its wholly owned Youanmi gold project.
The company on Tuesday confirmed that it had executed a syndicated facility agreement with a group of Tier-1 lenders, in line with previously announced credit-approved terms.
The financing package comprises a A$300-million senior secured project term loan facility, a A$20-million cost overrun facility and a A$30-million bank guarantee facility.
The syndicate includes Societe Generale, Sumitomo Mitsui Banking Corporation, HSBC and Westpac Banking Corporation.
The completion of the syndicated facility agreement follows Rox’s March 9 announcement that the Youanmi project was fully funded, and positions the company to move toward financial close and the start of construction.
First drawdown under the debt facilities is expected in the September 2026 quarter, subject to customary conditions precedent for project financing of this nature.
Rox MD and CEO Phill Wilding said the agreement represented a significant milestone in advancing the project.
“Signing the syndicated facility agreement is another significant achievement in securing the funding required to deliver the Youanmi gold project.
“The ongoing support from an impressive selection of Australian and international banks indicates strong confidence in the project and the team we have assembled to deliver it.
“We will now work with the syndicate banks to achieve financial close, placing us in a position to commence drawdown of debt in the September 2026 quarter.
“Following our final investment decision and completion of the syndicated facility agreement we are looking forward to commencing construction activities.”
The Youanmi project is expected to deliver first gold in mid-2027, positioning Rox to join the ranks of Australia’s emerging gold producers.
