History

Fox Resources floated on the ASX in April 2002 with the focus on Western Australian mining projects.  In late 2002, Fox Resources acquired the Radio Hill Nickel Project for approximately $1 million. The acquisition was made during relatively low nickel prices after the cessation of mining activities by previous owners. Fox inherited a $60 million dollar plant, mine development, infrastructure and surrounding mining leases. With further capital expenditure, the Radio Hill plant was upgraded with state-of-the-art technology.

Over a relatively short period of time, Fox transformed from explorer to producer with the commencement of nickel concentrate production in July 2004.

Fox became the first Australian miner in late August 2004 to ship nickel and copper concentrate to Jinchuan Limited. The shipment of 3,000 tonnes was valued at A$3 million. This represented another major milestone in the successful development and commissioning of the Radio Hill Project.

Historically, the Radio Hill mine has produced over 20,000 tonnes of contained nickel under the previous owners. The team at Fox firmly believes there are still vast quantities of untapped nickel and other base metal resources in its land holdings which cover over 3,000km2, the largest in the West Pilbara.

The Company has had a long association with China and remains active in searching for ways in which these valuable strategic relationships can continue to add value for shareholders.