Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) wishes to report progress on the Company’s projects.
Pre-Feasibility studies (ASX:RXL 22 July 2015) on the Fisher East Nickel Sulphide project located 500km north of Kalgoorlie, WA are progressing well.
Resource estimates are underway incorporating new data from recent drilling and new geological interpretations. The resource estimate will also include the Cannonball deposit for the first time. The resource estimate is expected to be finalised within the next few weeks.
At the same time a geotechnical assessment has been completed, which together with the resource estimates will then allow a detailed mine plan and schedule to be developed and detailed costings derived. This work is expected to take another two months to complete.