Rox Resources Limited (ASX:RXL) is an Australian listed company with advanced base and precious metals exploration projects in Australia: the Mt Fisher Gold and Fisher East Nickel Projects (WA), the Reward Zinc-Lead Project (NT) and the Bonya Copper Project (NT).
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Rox Resources has a high quality portfolio of exploration projects, with several having potential to become ‘company making’ assets. The encouraging Fisher East Scoping Study sets out attractive economics and provides confidence to commence pre-feasibility studies. The Bonya copper project is also shaping up as becoming a significant asset within the exploration portfolio, with recent drilling intersecting meaningful widths of high grade copper sulphide mineralisation.
Rox Resources (ASX: RXL) continues to make significant headway as it advances the 3.6Mt @ 2.0% Ni Fisher East nickel project towards production. A recently completed Scoping Study has concluded that a technically low risk and financially robust mining operation is achievable under both standalone and toll treating scenarios.
Both deposits in the study, Musket and Camelwood, remain open in multiple directions and provide significant exploration upside. A A$1.8M exploration program designed to test depth and strike extensions of known mineralisation is now underway, providing ample opportunity for positive news flow in the coming months. Rox will also advance exploration on high priority targets located along strike from Musket and Camelwood, providing the Company with an opportunity to expand the current resource.
Breakaway is also encouraged by the progress being achieved at the Bonya copper project where Rox has earned a 51% interest (and is moving to a 70% interest by spending a further A$1M over 2 years). RC and diamond drilling campaigns carried out in late 2014 intersected massive copper sulphide mineralisation over meaningful widths and to a vertical depth of at least 100m. Follow up drilling is planned in the coming months with further positive results anticipated
Rox Resources recently announced the outcomes of a Scoping Study focused on the development of the Fisher East nickel project, located ~150km north-east of Leinster in WA.
The CSA Global led study was commissioned to determine the approximate operating and capital costs of advancing the nearby Camelwood and Musket deposits (3.6Mt @ 2.0% Ni at a 1% Ni cut-off) into production...
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Official website: http://www.roxresources.com.au/
ASX on Hotcooper: http://hotcopper.com.au/asx/RXL