Recent Insider Transactions • Aug 04
Executive Chairman & CEO recently bought CA$180k worth of stock On the 31st of July, John Dorward bought around 60k shares on-market at roughly CA$3.00 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$997k. John has been a buyer over the last 12 months, purchasing a net total of CA$684k worth in shares. Ankündigung • Jul 12
Roxmore Resources Reports Drill Results At the Converse Gold Project Roxmore Resources Inc. reported gold and silver assay results from the ongoing drill campaign at its flagship Converse Gold Project. Highlights include hole CV26-010C, which returned a significant intercept of 247.2m grading 0.51 g/t Au and 3.79 g/t Ag from 131.7m including 34.3m grading 1.25 g/t Au from 246.3m. The hole was drilled through sparsely drilled area currently classified as inferred mineralization with the potential to upgrade confidence to indicated. The hole intersected higher grades than the modelled inferred blocks it drilled through. Key Highlights: CV26-010C: 42.7m grading 0.34 g/t Au and 2.15 g/t Ag from 79.2m; 247.2m grading 0.51 g/t Au and 3.79 g/t Ag from 131.7m; including 34.3m grading 1.25 g/t Au from 246.3m. CV26-012: 30.5m grading 0.67 g/t Au and 1.77 g/t Ag from 51.8m; 67.1m grading 0.56g/t Au and 1.54 g/t Ag from 109.7m; including 30.5m grading 0.88 g/t Au from 128.0m. CV26-014: 59.4m grading 0.82 g/t Au and 2.99 g/t Ag from 94.5m; including 25.9m grading 1.10 g/t Au from 102.1m. CV26-015: 68.6m grading 0.87 g/t Au and 3.48 g/t Ag from 42.7m; including 21.3m grading 1.74 g/t Au; 70.1m grading 0.42 g/t Au and 4.55 g/t Ag from 140.2m. CV26-016: 45.7m grading 0.41 g/t Au and 1.57 g/t Ag from 120.4m; 54.9m grading 0.84 g/t Au and 3.04 g/t Ag from 214.9m. Initial drilling results strongly support Roxmore's updated geological model and demonstrate potential to improve the Converse deposit. Roxmore commenced a Phase 1, 30,000-metre infill and extension winter drilling campaign that continues with one RC rig and one diamond core rig currently operating. A second diamond drill rig is scheduled to arrive in mid-July, with a second RC drill expected in September. Drilling is planned to continue throughout 2026 and 2027. The primary objective of the current drilling campaign is to upgrade portions of the existing Mineral Resource Estimate from the inferred category to indicated and/or measured. The recently released Mineral Resource Estimate employed a more rigorous classification methodology of measured, indicated and inferred material with drill spacing having an enhanced influence over what had previously been employed for previous estimates. Roxmore is utilizing angle holes to intersect steeply-dipping, mineralized faults and stratigraphy, so true thickness of reported intercepts is generally 75% to 100% of drilled thickness. Historic drilling was mostly vertical and not considered optimal. The gold system at Converse has similarities to the giant Phoenix deposit currently being mined by Nevada Gold Mines, located a short distance to the east. The holes intersected in this release were supportive of Roxmore's updated geological model, including lithologies, faulting and alteration styles. This predictable three-dimensional model supported the recently updated gold mineral resource estimate which was completed by SLR Consulting as part of the Preliminary Economic Assessment. CV26-010C was the first drill hole completed as part of the indicated resource conversion infill drill program at Converse. The infill program is designed to test the continuity of mineralization within the current geological model and support the conversion of inferred mineral resources to the indicated category. The program will also provide additional geological information to locally refine the interpretation and model. CV26-010C further supports the Company's updated geological model for North Redline. The drill hole intersected a sequence of Havallah Formation sedimentary rocks, including calcareous siltstone, calcareous sandstone and lesser limestone interbedded with non-calcareous clastic sedimentary rocks. These rocks are cut by multiple intrusive dikes and structurally disrupted intervals. Gold mineralization is predominantly associated with skarn alteration developed within the more reactive calcareous sedimentary horizons, particularly where these horizons occur near interpreted high-angle fluid-feeding structures and intrusive dikes. Prograde alteration is characterized by pyroxene-dominant skarn with locally increased garnet development. This prograde assemblage is variably overprinted by retrograde chlorite-carbonate alteration with lesser epidote, actinolite and tremolite. The drill hole also intersected locally endoskarn-altered intrusive rocks. CV26-012, CV26-014, CV26-015 and CV26-016 were drilled approximately 125 m - 300 m east of CV26-010C and intersected a shallower eastern expression of the interpreted mineralized system encountered by CV26-010C at depth. Although structural relationships are interpreted from RC chips, alteration and geochemical results indicate a broadly consistent mineralization style between the holes, characterized by moderate to strong prograde skarn with variable retrograde overprinting and associated sulphide mineralization. In addition to the previously recognized main feeder system, drilling east of CV26-010C has highlighted a consistent zone of contact-controlled mineralization developed along a favourable sedimentary horizon. Drill holes outlined above exhibit variable oxidation states within mineralized domains, ranging from oxidized through transitional to primary sulphide zones. Oxidized intervals are commonly characterized by limonite and locally developed nontronite, whereas sulphide-bearing intervals include pyrrhotite, pyrite, and chalcopyrite, with locally occurring molybdenite. Roxmore completed a Preliminary Economic Assessment for the project outlining attractive economics with an After-Tax NPV5% of USD 2,700 million, IRR of 43%, and payback achieved in 2.2 years at long term consensus gold price of USD 3,600/oz. The Simple Heap leach operation features significant production from a single pit with highlights including 3.5 million payable ounces Life of Mine at 267,000 oz per year on average in the first full 8 years of production and 246,000 oz on average over the 14-year Life of Mine. Recent Insider Transactions • Jun 14
Independent Director recently bought CA$997k worth of stock On the 11th of June, Oliver Lennox-King bought around 297k shares on-market at roughly CA$3.36 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$3.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 17
Independent Director recently bought CA$336k worth of stock On the 13th of May, Oliver Lennox-King bought around 80k shares on-market at roughly CA$4.20 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$2.4m more in shares than they have sold in the last 12 months. New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (CA$683k sold). New Risk • Apr 16
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$683k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 72% per year over the past 5 years. Shareholders have been substantially diluted in the past year (213% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Significant insider selling over the past 3 months (CA$683k sold). 
