Fox Resources (ASX: FXR, Fox) is a nickel and copper exploration company with a substantial land holding in the Pilbara of Western Australia and established relationships with China.

Fox has a new operating strategy, based on capitalising the 300,00+ tonnes of stockpiled material to establish an intiial five-year heap leaching operation.  Part of this strategy is defining further base metal resources to incorporate into future heap leach operations.

The Company believes the implementation of a longer-term production strategy will drive positive cash flow in the near-term and deliver positive results for shareholders.

The Mt Oscar magnetite project continues to draw significant interest from potential investors, including state-owned entities and private companies.

Fox is entering a new era of growth with a strengthened team, new direction and several near-term opportunities.