RXL 3.33% 15.5¢ rox resources limited

past history - 3.3c in just 7 days after volume, page-78

  1. 416 Posts.
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    In terms of the nickel project, I can see that the project slowed down in 2015 and 2016 because of the tough market conditions. However, there has been reasonable progress.

    2013 financial report
    'At the Mt Fisher project in Western Australia a diligent and focussed exploration program during the second half of 2012 culminating with a RC drilling program in December led to the discovery of a significant nickel sulphide occurrence at the Camelwood prospect'

    2014 financial report

    'At Mt Fisher, following major resource definition drilling programs, a significant nickel sulphide resource has been defined at the Camelwood and Musket prospects. Additional drilling is planned for later this year to further expand the resource base. This will then allow the Company to consider possible development options'

    2015 financial report

    'At Fisher East, we completed a Scoping Study which indicated a technically low risk project, and then we followed that up with further drilling to expand resources. The Company continues to consider possible development options, but the recent fall in the nickel price and the general market malaise has made progressing the project difficult in the short term'

    2016 financial report

    'At our Fisher East nickel sulphide project, a pre-feasibility level mining study was conducted and this confirmed earlier scoping study results. We are continuing with exploration at Fisher East, where we have identified a number of very strong targets, and we are confident this will eventually lead to further increases in mineral resources, which were revised upward early in 2016'

    2017 financial report
    'During the year the Company purchased the Collurabbie Nickel-Copper-PGE Project, approximately 70km east of Fisher East.
    An Inferred Mineral Resource of 573,000 tonnes @ 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49 g/tPd, 0.85 g/t Pt was estimated for the Olympia deposit subsequent to year end'
 
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