Now this IS good news and what the market was hoping for
Developing some upwad thrust as we speak.
Be nice to head back to where it was a few months ago at very close to $2!
INCREASED NICKEL PRODUCTION AT RADIO HILL; EXPLORATION UPDATE HIGHLIGHTS • 8.7m of nickel sulphides including 1.5m massive nickel sulphides intersected at the Radio Hill F-Zone • Plant improvements completed, mill production at 45tph • Nickel and Copper concentrate production now on target at 2,700 dmt per month (135t nickel and 189t copper metal) • Conquest and Sunchaser EM targets hit copper mineralisation • Surface diamond drilling to commence targeting potential massive nickel sulphides extensions at Radio Hill Fox Resources Limited (ASX: FXR) today announced updates on nickel and copper production at its flagship Radio Hill operations in the Pilbara and recent drilling at the Conquest and Sunchaser Electromagnetic (EM) anomalies. EXPLORATION & NICKEL PRODUCTION AT RADIO HILL F-ZONE NICKEL OREBODY At F-Zone, surface diamond drillhole 07RHDD077 has recently intersected 8.7m of nickel and copper sulphides from 94.7m down hole depth, including 1.5m of massive nickel sulphides, assays pending. This is exceptionally encouraging as it indicates the down dip extension of F-Zone below the two levels mined (Figure 1) to contain potential high grade massive nickel sulphide. Underground development is only 60m from this new diamond drill intersection. Follow up holes have been planned to further test the down dip continuity of the deposit which will be readily accessible from existing underground development.
FXR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
