Rox Resources Limited (ASX:RXL) is a mineral exploration company with Australian assets at various levels of development, the Mt Fisher Gold and Fisher East Nickel Projects (Western Australia), the Reward Zinc-Lead Project (Northern Territory) and the Bonya Copper Project (Northern Territory).
The Fisher East project contains Mineral Resources of 4.2 million tonnes at 1.9 percent nickel in three open deposits, Camelwood, Musket and Cannonball. Over 90 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 signed at $10 million farm-in and joint venture agreement with Doray Minerals, with the target multi-million ounce deposits of the Bronzewing or Lawless 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. Previous drilling has intersected nickel-copper-platinum group elements (PGE’S), such as 5.8m @ 3.0%Ni, 2.0%Cu, 5.3glt PGE. . For further information on the Collurabbie Project, click here.
Rox has earned a 51% interest in the Bonya Copper project following high grade massive copper sulphide mineralisation (38m @ 4.4% Cu) and has elected to increase its interest to 70%. click here.