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  • Fox Resources Appoints James Cooper A Non-Executive Director 0 comments
    Apr 29, 2013 11:45 PM

    Fox Resources (ASX: FXR) has appointed James Cooper as a new non-executive director, with Cooper a Queensland based businessman who has taken leadership roles in the coal and agricultural industries, along with the resources sector.

    Cooper is also a consultant to various entities controlled by Sam Chong including Magnetic South Pty Ltd which is a partner in the Mount Oscar Joint Venture with Fox.

    Fox has extensive interests in the Queensland coal region and will commence a drilling program at the Bundaberg Coal Project in the first week of May, which is located adjacent to a hard coking coal discovery by International Coal (ASX: ICX) and partner Gina Rinehart's Hancock Prospecting subsidiary.

    Seven holes will be drilled in a 15 kilometre long corridor that has demonstrated potential to host a coking coal deposit in the order of that discovered recently by the International Coal/Queensland Coal Investments Joint Venture.

    Fox also has interests in Western Australia's Pilbara region with the Mount Oscar joint venture, where an exploration program includes a fully funded $1.8 million program for magnetite at Mount Oscar, and $320,000 for gold at White Quartz Hill, commencing in mid-May 2013.

    Last month Fox secured A$2.56 million in equity funding.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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