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

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