Latest hits have included a headline result of 4m grading 11.23 grams per tonne from 92m at Youanmi South.

The partners are nearly 70% of the way through a planned 16,500m drill campaign, with a resource estimate to follow drill completion.

The Youanmi project includes a previously operated mill that would require extensive refurbishment in any reboot scenario.

The project was closed in 1997 when the gold price was A$400-450/oz, versus recent levels around $2000/oz.

Rox and Venus have a 50:50 interest in the project with the former having the option to move to 70% by payment of $3 million by mid-2021.

Shares in Rox were up 5% to 2c capitalising the company at $29 million, while Venus was unchanged at 18.5c at which price the stock is capitalised at $22 million.

Venus had $1.6 million at the start of the current quarter, while Rox had cash and receivables (plus securities) of just over $9 million.