Western Australian-headquartered diversified resources company Fox Resources Ltd has commenced open pit mining at its West Whundo copper and zinc project near Karratha in WA's Pilbara region.
Mining is scheduled to be completed within five months, delivering a total of 8,000 tonnes of copper metal to be processed at Fox's nearby Radio Hill mill.
Fox managing director Don Harper said that with copper and zinc metal prices surging to record highs, it was an excellent time to start a new copper-zinc project.
"With the great financial support received from China's largest nickel producer Jinchuan Group Ltd and Fox being debt free and unhedged, the company is well placed to deliver real value to its shareholders," he said.
As previously announced once mining is complete at the West Whundo open pit, the company plans to begin underground mining at the site to access high grade zinc and copper for an estimated capital cost of around $2 million.
Also, the old Whundo pit will be cutback after the open pit mining has been completed at West Whundo.
