Fox Resources yesterday announced a 307% increase in the total nickel and copper resources at its Radio Hill project near Karratha, Western Australia.
The company said the resources had increased from 988,000 tonnes to 4.02 million tonnes at a grade of 0.51% nickel and 0.89% copper.
The increase was recorded as a result of down-plunge drilling completed in the 2009 March quarter.
Results from a re-logging and sampling program carried out on underground cores were also incorporated.
The company’s managing director Bruno Seneque said Radio Hill would provide an additional ore feed to its proposed heap leaching operation.
“This operation already has over 300,000 tonnes of stockpiled material to utilise,” he said.
“Radio Hill is also capable of rapid development.
“Fox’s new operating strategy is aimed at sustaining a lower cost operation that treats known sulphide resources at the Radio Hill, Sholl and Whundo projects.”