Rox Resources Begins Prefeasibility Study at Fisher East Nickel Sulfide Project

Rox Resources Ltd. (ASX:RXL) announced that it’s started a prefeasibility study at its Fisher East nickel sulfide project in Western Australia. It will involve a resource update, a geotechnical assessment, mine planning and scheduling, as well as metallurgical testwork and financial analysis.
As quoted in the press release:

The Pre-Feasibility Study follows the Scoping Study completed earlier in the year which showed the project to be technical low-risk and financially robust using the various assumptions current at the time.

Ian Mulholland, managing director of Rox, commented:

Undertaking a PreFeasibility Study on the project is an important milestone, with the main aims to update the resource base and to confirm and optimise the mine schedule, which is a critical component of the economic viability of the project.
Undertaking the Pre-Feasibility studies now, at relatively low cost, will allow us to be in a position to move the project forward rapidly when nickel prices improve as expected. We plan to have the study completed by the end of this year.

Click here to read the full Rox Resources Ltd. (ASX:RXL) press release.