THE BOURSE WHISPERER: Rox Resources (ASX: RXL) has kicked off a Pre-Feasibility Study on the company’s Fisher East nickel sulphide project, located north of Kalgoorlie in Western Australia.
The Pre-Feasibility Study follows the Scoping Study Rox completed at the Fisher East project earlier in the year, which demonstrated the project to be technical low-risk and financially robust.
“Undertaking a Pre-Feasibility 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,” Rox Resources managing director Ian Mulholland said in the company’s announcement to the Australian Securities Exchange.
“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.”