Press Releases

Perth, Oct 28, 2005 (ABN Newswire) - A Fox Resources Limited (ASX: FXR) team, lead by Mr. Don Harper, Managing Director, has completed a successful visit to Jinchuan Group Ltd (Jinchuan), the buyer of Fox!|s nickel and copper concentrates.

Jinchuan is located in the Gansu province in northern China, and is China!|s largest nickel producer and also a major copper producer.

They have established a steady cooperation The visit included a tour of the processing and technical facilities at Jinchuan. The facilities are world class and in particular the technical excellence achieved in Flash Smelting technology and electro-winning of nickel, cobalt and precious metal products.

On 25 October 2005, Jinchuan commissioned its Jinchuan has made a commitment to Fox, for the provision of technical assistance for the processing of low grade nickel ore. Under this technical arrangement Fox is to send ore from Sholl and Whundo to Jinchuan, for determination of the best processing options for the extraction of nickel and copper products.

Fox representatives had very positive discussions with Mr. Li Yong-jun, Chairman and President and Mr Wang Hai-zhou Vice president of Jinchuan. The two parties expressed their desire for a closer relationship with a strengthening of technical and commercial cooperation.

Managing Director Don Harper said: "This is a giant step forward for Fox as the company forms a closer relationship with China's largest and most successful non ferrous mining and processing company, Jinchuan. The assistance of the Jinchuan Group should ensure that Fox continues to supply nickel and copper concentrates. This augers well for the future of Fox as a supplier of nickel and copper raw materials to China".