General Information

Fox Resources is listed on the Australian Securities Exchange under the symbol “FXR”.  Fox is a diversified base metals explorer and producer with nickel, copper and zinc projects in the Pilbara region of Western Australia.  Fox has accumulated a suite of quality base metal projects in addition to a prospective magnetite project and an exciting new gold tenement.

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

A current snapshot of the Company’s plans include:

• An exploration target of 100,000 tonnes contained nickel and 100,000 tonnes of contained copper (currently 53,286 tonnes of contained nickel and 73,144 tonnes of contained copper).

• Determining the best deal possible to unlock the value that the Mt Oscar magnetite project represents to shareholders, including continued exploration work at the project.

• Defining further base metal resources to sustain a low cost operation that treats known sulphide resources at the Company’s Radio Hill, Sholl and Whundo projects.

• Extending mine life for the proposed heap leach operation, based on a growing resource inventory of a substantial 10 million tonnes (please refer to Total Resources Table under Operations).

• Identifying the source of gold mineralisation at the new exploration license (E47/1202), that covers a newly discovered alluvial field.

• Hosting a technical site visit at Mt Oscar this quarter, following a recent trip to China to market the magnetite project.

• Implementing a longer-term production strategy that will drive positive cash flow in the near-term and deliver positive results for shareholders.

 

Fox Resources shares are listed on the Australian Stock Exchange.

Click here for ASX share price >