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General Information
Fox is a Top Ten Australian nickel sulphide producer which operates the Radio Hill Nickel Sulphide Mine, located near Karratha in W.A. The project, acquired in September 2002 includes an 180,000 tpa nickel processing plant and a fully developed underground mine with a 1.8 kilometre decline to a depth of 280 metres. Previous owners from 1988 to 2002 have spent over $60 million in capital and from 1998 to 2002 approximately 20,000 tonnes of nickel and 16,000 tonnes of copper were produced from Radio Hill. Fox is producing around 35,000 tonnes of nickel and copper concentrates per year, which is shipped monthly to China’s largest nickel producer, Jinchuan Limited. A feasibility study has commenced into mining and heap leaching of the disseminated nickel resources at Radio Hill and the surrounding Sholl deposits. These deposits contain 40,000 tonnes of nickel and 50,000 tonnes of copper and on successful completion of the study, Fox aims to commence production in 2006 Share & Nickel Price
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