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← CockpitCompetitor Analysis › RXL.AX Rox Resources LtdOpen in the cockpit ↗

Rox Resources LtdRXL.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Precious Metals

Australian gold developer advancing the Youanmi project in Western Australia, with further gold/nickel exploration ground nearby.

≈ A pre-production US junior gold developerMomentum strong 67
Mkt cap
$532M
US dollars, full cap
Free float
71%
of shares outstanding
$/day
$1.21M
20-day average traded
P/B
2.77×
price to book
ROE
-19.0%
delivered
Implied ROE
12.8%
what the price asks
Next earnings
131 days
17 Mar 2027
Close · AUDA$0.55
1D-1.8%
1W+3.8%
1M-15.4%
3M+12.2%
6M+13.4%
YTD+11.1%
1Y+34.1%
ATR %6.2%
52w lowhigh19.7% off high

What Rox Resources does

Australian gold developer advancing the Youanmi project in Western Australia, with further gold/nickel exploration ground nearby.

Earns no revenue: studies, drilling and mine planning are funded by raising capital, and value rests on a decision to build Youanmi, a historic gold mine in Western Australia's Murchison region. Nearby ground explored for gold, nickel and lithium gives it other projects while the main one advances.

In one line: A pre-production US junior gold developer.

Products and services

  • Youanmi gold project (WA)
  • Mt Fisher-Mt Eureka (gold, nickel exploration)
  • Penny South (gold, lithium exploration)

Customers

  • No revenue yet — future gold refiners/bullion buye

Where it sits in the supply chain

  • Materials
  • Gold exploration & development
  • Pre-production gold project

What could go right

  • Gold price strength
  • Youanmi construction decision

What could go wrong

  • Financing/permitting risk pre-production
  • Single-project concentration

Moat: none. Pre-production developer; value depends on resource/permitting, not an operating moat.

Headquarters: West Perth, Australia · Employees: 37

Named competitors

Rox Resources at a glance

Size Rox Resources (RXL.AX) is an Australia Materials company (Precious Metals) with a market value of $532M, the 256th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.55 on 6 Nov 2026.

Performance Over six months the shares gained 13.4%, against -13.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 8th highest of 21 in its peer set.

Valuation It trades at 2.77× book value against a peer median of 3.30× (10th cheapest of 20).

Price implies The share price implies a return on equity of about 12.8%; Rox Resources delivers -19.0%, so the price asks more than the business earns today.

Next results Next results expected around 17 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010012014011 May 202611 Aug 20266 Nov 2026RXL.AX 117Peer median 86
Six months, rebased to 100: Rox Resources against the median of its 20 peers (local-currency closes).

Rox Resources financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$0A$0A$0A$0A$0
Revenue growth—————
Gross profit-A$1.77M-A$1.77M-A$283,000-A$295,000-A$287,000
EBITDA-A$43.6M-A$43.6M-A$22.7M-A$9.43M-A$12.1M
Net income-A$35.0M-A$35.0M-A$18.2M-A$13.7M-A$8.76M
Free cash flow-A$98.7M-A$98.7M-A$21.6M-A$9.31M-A$13.4M
Capital expenditureA$62.2MA$62.2MA$3.53MA$512,000A$392,000
Total debtn/aA$1.34MA$97,000A$237,000A$368,000

Quarterly statements and history in the cockpit →

Rox Resources competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-10%0%WIATCGIPXBTRGSKRCTGOFRSTAUBYNAPMGRZGOROAUCAAZAMIHSTRTHXTLGMEIMTLRXL.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Rox Resources is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%50%50×100×WIATCGIPXBTRGSKRTAUBYNAPMGRZAUCAAZAMITHXTLGMEIRXL.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Rox Resources is the large dot.

Capital: ROE delivered against the ROE the price implies

-100%0%100%-100%0%100%WIATCGIPXBTRGSKRBYNAPMAUCAAZAMITHXTLGMEIMTLRXL.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Rox Resources is the large dot.

Rox Resources competitors and peer comparison

Head to head with its named competitors (RXL.AX vs RMS.AX vs GMD.AX vs BGL.AX)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Rox Resources RXL.AX$532M+13%n/a-19%2.77×12.8%
Ramelius Resources RMS.AX$4.78B+3%-14%4%1.76×17.1%
Genesis Minerals GMD.AX$5.73B+6%+89%36%3.97×41.5%
Bellevue Gold BGL.AX$1.46B-16%+14%1%2.51×26.9%
Capricorn Metals CMM.AX$4.42B-1%+45%26%4.45×44.0%

How Rox Resources compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rox Resources against its 20 peers (data as of 6 Nov 2026)
MeasureRXL.AXPeer medianRank in peer set
1-month return-15.4%-7.9%3rd lowest of 21
6-month return+13.4%-13.5%8th highest of 21
Return on equity-19.0%-14.0%10th highest of 19
Price / book2.77×3.30×10th cheapest of 20
ROE the price implies12.8%21.4%3rd least demanding of 20
ROE delivered-19.0%-14.0%10th highest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Rox Resources RXL.AXAustralia$532M+13%n/a-19%2.77×12.8%-19.0%
WIA Gold WIA.AXAustralia$533M-22%n/a-4%3.99×17.1%-3.9%
Turaco Gold TCG.AXAustralia$540M+29%n/a-31%8.06×112.3%-31.4%
IperionX IPXUnited States$540M-66%n/a-74%5.42×64.6%-74.1%
Brightstar Resources BTR.AXAustralia$542M+68%+91%-30%1.81×16.9%-29.6%
Goldsky Resources GSKR.VCanada$543M-28%n/a-22%1.75×15.8%-21.8%
Contango Silver & Gold CTGOUnited States$520M-43%n/a-24%1.52×8.1%-23.7%
Forrestania Resources FRS.AXAustralia$547M-33%n/a-23%1.63×16.6%-23.2%
Thesis Gold & Silver TAU.VCanada$516M-31%n/a-5%2.24×24.4%-4.5%
Banyan Gold BYN.VCanada$554M+18%n/a-5%5.50×64.9%-4.8%
Andean Precious Metals APM.TOCanada$555M-20%+63%49%1.84×21.4%49.2%
Gold Reserve GRZ.VCanada$560M-19%n/a-41%4.59×12.9%-41.5%
Goldgroup Mining GORO.VCanada$500M-21%+215%n/an/an/an/a
Ausgold AUC.AXAustralia$495M+42%n/a-6%3.30×37.4%-6.2%
Anglo Asian Mining AAZ.LUnited Kingdom$590M+30%+220%58%4.42×39.4%58.0%
Aurelia Metals AMI.AXAustralia$477M+16%+40%20%1.48×15.7%20.2%
Heliostar Metals HSTR.TOCanada$475M+10%n/an/a4.21×38.5%n/a
Thor Explorations THX.VCanada$466M-26%+29%55%1.00×12.0%54.9%
Troilus Mining TLG.TOCanada$611M-8%n/a-122%7.28×110.2%-121.9%
Meteoric Resources MEI.AXAustralia$464M+12%n/a-110%10.07×83.0%-109.8%
Metals Exploration MTL.LUnited Kingdom$617M+17%-17%14%2.12×17.8%13.5%

Questions

Who are Rox Resources's main competitors?
Named competitors: Ramelius Resources (RMS.AX), Genesis Minerals (GMD.AX), Bellevue Gold (BGL.AX), Capricorn Metals (CMM.AX). The cockpit's measured peer set (industry) also includes WIA Gold (WIA.AX), Turaco Gold (TCG.AX), IperionX (IPX), Brightstar Resources (BTR.AX), Goldsky Resources (GSKR.V), Contango Silver & Gold (CTGO).
Is Rox Resources expensive compared with its peers?
On price / book it trades at 2.77× against a peer median of 3.30×, 10th cheapest of 20 in its peer set. The share price implies a return on equity of about 12.8%; Rox Resources delivers -19.0%, so the price asks more than the business earns today.
How has Rox Resources stock performed?
Over six months to 6 Nov 2026 the shares returned +13.4% against -13.5% for the median peer; over one year +34.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.