The Fisher East project contains Mineral Resources of 2.0 million tonnes at 2.5 percent nickel in three open deposits, Camelwood, Musket and Cannonball. Over 95 percent of this resource is in the indicated category. A Scoping Study and a pre-feasibility level mining study have been completed. The project is technically low risk, but highly sensitive to the nickel price. Exploration has continued to discover news zones of mineralisation at other prospects such as Sabre, Mt Tate and Horatio, with drilling and resources definition still underway. For further information on the Fisher East Nickel Project, click here.
The Mt Fisher gold project currently contains a mineral resource of 973,000 tonnes grading 2.75 g/t gold for 86,000 ounces of gold. Rox has announced it’s intention to spin out this project into a new IPO, Helios Gold. There is excellent potential for multi-million ounce deposits of the Bronzewing or Lawle’s style. For further information on the Mt Fisher Gold Project, click here.
The Collurabbie project is located 70km east of Fisher East and is prospective for nickel and gold. A mineral resource of 573,000t grading 1.63%Ni, 1.19%Cu, 0.082% Co, 1.49 g/t Pd and 0.85g/t Pt has been defined in Olympia. For further information on the Collurabbie Project, click here.