great performance, page-10

Those who do not believe in the fox read below, unless your eyes are painted on...

The stage is set, the ducks are in a row... Cheers to all holders.

The Board of Fox Resources presents the half yearly report for the six months ending 31
December 2006, and is pleased to report a maiden net profit of $1.7million with an
EBITDA of $7.9million. The West Whundo mining operation generated a net cash flow
from operating activities of $10.3million.
Fox completed the following significant milestones for the half year ending 31 December
2006:
􀂃 Mined and treated 105,000t of copper ore (contained copper metal 7,200t) from
West Whundo mine
􀂃 New 2.5 year nickel mining reserve at Radio Hill underground mine
􀂃 Repaid Jinchuan Group Limited $4million project loan
􀂃 Completed flotation upgrades to the Radio Hill plant
􀂃 Purchased Elizabeth Hill processing plant and silver tailings project
􀂃 5 new base metal targets generated from helicopter VTEM surveys
􀂃 Successful exploration drilling at the Razerline nickel deposit, confirming
continuity of nickel mineralisation
􀂃 Resource drilling at Sholl B2 delivered an indicated resource of 663,000t @ 0.6%
nickel and 0.6% copper
􀂃 Resource drilling at Whundo delivered an indicated resource of 627,000t @ 1.6%
copper and 1.7% zinc, a 600% increase on the original indicated resource
􀂃 Drilling at West Whundo delivered a measured and indicated resource estimate
of 668,000t @ 1.27% copper and 440,000t @ 2.69% zinc
􀂃 Resource drilling at Ayshia delivered a total resource of 767,000t @ 2.4% z