Proactiveinvestors recommends

Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	FXR
Latest Price:	0.07 (0.00%)
52-week High:	0.12
52-week Low:	0.04
Market Cap:	23.02M

1 year chart

1 day chart

Fox Resources

Fox Resources (ASX: FXR) is a diversified base metals explorer with nickel, copper and zinc projects located in the Pilbara region of Western Australia.

Fox Resources evaluates heap leaching stockpiled materials at Whundo and Radio Hill

Friday, May 22, 2009

Fox Resources Ltd (ASX: FXR) is exploring heap leacing stockpiled materials at Whundo and Radio Hill to produce a cash flow and high value product at low cost. Fox has more than 300,000 tonnes of stockpiled materials that will be subject to the study, and could form a five year, heap leaching operation.

Fox Managing Director Bruno Seneque said, “We have a significant volume of mined material that we are aiming to incorporate in a heap leach operation, including stockpiles of oxide copper ore and copper supergene tailings from West Whundo, both grading approximately 1.5-2.0% copper."

“We believe this is a promising, low cost opportunity for Fox, we already have key infrastructure in place, and have appointed a dedicated team to lead the test work, Seneque said.”

The Radio Hill flotation plant will remain on care and maintenance ready to be used for any massive/semi-massive nickel/copper sulphide discoveries.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.