Fox Resources (FXR)

Shares / Stock Code

FXR

Stock Exchange / Sharemarket

Australian Securities Exchange

Fox Resources (FXR) is a nickel producer and explorer, with production and exploration mainly in Australia. Its key mine is at Radio Hill in the Pilbara region of Western Australia, with key exploration projects for nickel, gold and copper also in the Pilbara area. The Pilbara area is within close proximity to major existing infrastructure such as roads, railways, shipping ports, airports, electricity and water supplies. FXR was listed on the ASX in April 2002, and in September 2002, it acquired the Radio Hill nickel sulphide plant and underground mine, situated 35km south of Karratha in the West Pilbara region of Western Australia.

The Company is conducting metallurgical test work to explore the potential of heap leaching ores from Whundo and Radio Hill. Approximately 60,000 tons of oxide material grading 1.5% copper is stockpiled on surface at the Whundo site as a result of mining operations by the Company. The Radio Hill project is located 35 kilometers south of Karratha. The Whundo and Yannery mining leases cover an area of approximately 900 hectares and are located 10 kilometers south of the Radio Hill treatment plant. Its subsidiaries include Fox Radio Hill Pty Ltd, Newcity Corporation Pty Ltd, Gascoyne Mines Pty Ltd and Fox Energy Pty Ltd.

Fox Resources is one of Australia’s top 10 nickel sulphide producers, supplying nickel and copper concentrate to the expanding Chinese market. The company has commenced an aggressive exploration program targeting nickel sulphide systems within 15km of the Radio Hill plant. Underground and surface drilling in conjunction with geophysical testing is being used to delineate nickel resources.

FXR competes with other mining exploration companies based in Australia and overseas such as BHP Billiton and RIO. FXR sells its resource products to other industries sector, jewellery stores, wholesalers and private investors.

Fox Resources (FXR) Products and Services

  • Mining and Exploration for Nickel, Copper and base metals

Fox Resources (FXR) Locations and Subsidiaries

Fox Resources Head Office
1 Tully Road,
EAST PERTH, WA 6004
Phone: 08 9318 5600
Fax: 08 9318 5666

Fox Resources (FXR) Share Price

Submitted by ASX Listed Company on 24 March, 2010 - 05:49

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