Fox Resources Ltd Annual Report

“The past year has been one of transition and focus for Fox, as we successfully commenced our transformation from pure nickel miner to a diversified base metal producer”

October 2005

Nickel hedging retired with
all sales now unhedged.





November 2005

Drilling validates West Whundo as the Company’s new copper project.

January 2006

Option conversion with 97% take-up resulted in receipt of $2.75million
to repay debt, fund capital upgrade
of Radio Hill mill and exploration
and development.





February 2006

Ayshia deposit returned significant
assays at shallow levels
below surface.

April 2006

Radio Hill mill crushing circuit upgrade completed and commissioned with crushing capacity up to 500,000 tpa.





May 2006

Jinchuan Group Ltd agrees to
finance ($4million) development
of West Whundo Copper-Zinc
Project and to purchase entire
Copper-Zinc production.

June 2006

Radio Hill Mill upgrade successfully completed including the addition of a tertiary VSI crusher, flotation cells and magnetic separator.





June 2006

First copper concentrate shipped to Jinchuan Group Ltd, taking advantage of the record high copper prices.

June 2006

Target resource statement released stating a firm 12 months of copper production with an indication of a reserve increase for a further 2 years through mine extension drilling.




Designed by Jaz Creative Powered by Sitebox
© Fox Resource Limited 2006