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Fox strengthens bottom line with royalty deal

FOX Resources has said annual profits from its recently recommissioned Radio Hill nickel mine will increase with the acquisition of the existing 10% net profit interest life of mine royalty which removes a significant financial encumbrance over the tenements.

MiningNews.Net
Fox strengthens bottom line with royalty deal

The NPI allows Fox to take full advantage of new discoveries at Radio Hill and increases in the reserves. Fox has issued 3 million ordinary shares along with a cash payment of $500,000 in next August....

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