Has anyone take the time to look at the latest announcement concerning FXR to build a 10million tonnes resource of Ni & Cu
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Fox Resources Limited (ASX: FXR, Fox) is pleased to provide shareholders with an update on
the Company’s growth strategy, resources inventory and exploration activities at the Company’s
100%-owned nickel-copper Projects in the Pilbara of Western Australia (Figure 2).
Fox’s growth strategy is aimed at 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.
The Company is currently working on extending mine life for the proposed heap leach operation,
based on a growing resource inventory of a substantial 10 million tonnes (Table 1).
The Company’s base metal resources consist of 53,286 tonnes of contained nickel and 73,144
tonnes of contained copper. The current total Indicated and Inferred resource at Sholl is 31,952
tonnes of contained nickel and 37,060 tonnes of contained copper.
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Is this just a dream or are they onto something here?
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