FOX RESOURCES LIMITED

Investor Presentation

Bruno Seneque, Managing Director

July 2009

ASX Code: FXR

FOX RESOURCES LIMITEDPilbara Based Minerals Developer

FOX RESOURCES Nickel / Copper Resources (Indicated & Inferred 40,263t Ni, 48,958t Cu)

Copper / Zinc Resources (Indicated & Inferred 25,353t Cu, 35,516t Zn)

Outstanding exploration opportunities - 3,000km2 of tenement holding

Sales agreements with China’s largest nickel producer – Jinchuan Group Ltd ( a major Fox shareholder)

Established infrastructure, close to port:

• 425,000tpa nickel processing plant;

• fully developed underground mine at Radio Hill;

• concentrate storage at Port of Dampier – 40km from Radio Hill;

• 84 person accommodation village

Mt Oscar Magnetite Project (100% Fox)

PILBARA BASED MINERALS DEVELOPER

W A

Perth

N500 Km0

Dampier Port

Newman

Karratha

Paraburdoo

WESTERN

AUSTRALIA

NORTHERN

TERRITORY

Broome

Derby

Port of Wyndham Kununurra

railway

railway

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BOARD OF DIRECTORS

Terry Streeter, Chairman More than 30 years experience in exploration and mining companies – particularly nickel sulphides Chairman and co-founder of Western Areas NL (Nickel) and Director of Midas Resources Ltd (Gold) Previous director of Jubilee Mines NL (Nickel)

Bruno Seneque, Managing Director (CPA) Finance Director 2005 - 2008. With Fox since 2004 14 years in corporate accounting and financial management of resource companies Previous experience includes Company Secretary & Financial Controller to Haddington Resources Ltd and Group

Accountant to Titan Resources Ltd. 10 year involvement with Radio Hill

Geoff Clifford, Non-Executive Director - (CPA) More than 30 years experience in senior accounting, finance, administration and company secretarial roles in the

mining, retail and wholesale industries Chairman of Atlas Iron Limited and Non-Executive Director of RMA Energy Limited and Glengarry Resources Ltd

Dr Yulong Tian, Non-Executive Director (Ph.D Prof. Geologist) Professional Geologist with a wealth of knowledge and extensive experience with non-ferrous mineral deposits

including tin, copper and nickel Accomplished a Post Doctoral qualification on the Jinchuan Nickel-Copper deposit -one of the worlds largest multi-

metal nickel and copper sulphide deposits.

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Laurence Chew, General Manager – Business Development, Mining Engineer (B.Eng)• WA School of Mines graduate• 22 years experience• Holder of Shift Supervisors Certificate of Competency• Background prior to joining Fox – underground mining and civil construction with contractors, tenders,

contract management, overseas assignments including Singapore, Hong Kong, South Africa• Have been with Fox since Feb 2004 as Contracts Engineer, Senior Project Manager, Manager Projects to

current General Manager

Leonard Spencer, General Manager – Pilbara Operations,• WA School of Mines graduate• Over 30 years experience• Has held senior management positions with various mining companies and is experienced with Nickel,

Copper, Lead, Zinc, Tin and Gold.• Was previously Mill Superintendent at Radio Hill operations during ownership by Titan Resources NL.

Neil Winfield , Exploration Manager, Iron Ore Bsc Geol, Dip Comp, MSc (Min Econ)• 20 years experience in a diverse range of positions in exploration, mining and resource geology in several

commodities – particularly Gold and  Iron Ore.• Involved in projects from grass roots levels through to feasibility studies leading technical teams to produce

bankable resources.• Strong working knowledge of the iron ore industry particularly in regard to project management .

Nicholas Walker, Exploration Manager: Base Metals (Bsc.Hon, MSc) • Exploration geologist with over 14 years of practical experience at various levels in a diverse range of

exploration activities, including grassroots, brownfields, near mine resource delineation and feasibility studies.

• Actively explored for nickel, copper and zinc in numerous geological terrains in Australia, Finland and Ireland.• Senior Exploration roles in Outokumpu, Exploration Manager for Vulcan Resources Ltd

MANAGEMENT TEAM

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Nickel / Copper

Grow resource base during next twelve months

Poised to capitalise on rebound in metal price

Iron Ore

Introduce a joint venture partner for development of Mt Oscar

GOALS FOR THE COMPANYCORPORATE GOALS

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JINCHUAN GROUP STRATEGIC PARTNER

Largest nickel producer in China – 130kt of nickel, and 200kt of copper per annum

Provide world leading technical and metallurgical input in development of Radio Hill

Off-take agreement for 100% of Radio Hill output

Major shareholder in Fox

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CAPITAL STRUCTURE

Listed on ASXApril 2002, Code: FXR

Market Capitalisation$32 million @ 0.145 cents per share

Fully Paid Shares224,385,245

Top 5 Share Holders (at 22 July 2009)

Number of

Fully Paid Shares

%

of Total

1 Jinchuan Group Ltd 28,200,000 12.57

2 Jungle Creek Gold Mines Pty Ltd & Velsberry Pty Ltd (Terry Streeter)

20,363,181 9.07

3 Northmead Holdings Pty Ltd 9,057,355 4.04

4 G Santalucia Investments Pty Ltd 8,191,598 3.65

5 UBS Wealth Management 5,810,703 2.59

Total 71,622,837 31.92

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RADIO HILL – NICKEL/COPPER

Metallurgical testwork commissioned to explore the potential for heap leaching operation

More than 300,000t of stockpiled material (no mining costs to be incurred) that will be subject to

the study and which could provide the basis for a 5 year operation.

Represents a low cost opportunity to produce high value end products.

Key infrastructure already in place and present at Radio Hill, including, power, water, workshops

and accommodation.

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NICKEL / COPPER OBJECTIVES

Increase Resource:

Grow Resource at Radio Hill and supplement with Sholl mineralisation for heap leach operation.

Near Mine Potential:

Identify near mine high grade nickel sulphide mineralisation and satellite deposit for further expansion

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INCREASING RESOURCES: RADIO HILL

Re-logging and sampling of disseminated hanging wall mineralisation above the Radio Hill deposit; significant intercepts include:

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Hole ID From (m)

To (m) Interval (m)

Ni (%)

Cu (%)

UGD130 0.0 17.0 17.0 0.84 1.30

Incl. 3.0 9.0 6.0 1.27 1.82

UGD198 0.0 103.15 103.15 0.90 1.05

UGD202 0.0 42.0 42.0 0.86 1.38

Currently modeling the resource as nested domains (nickel, copper) to maximise resource potential.

INCREASING RESOURCES: SHOLL B2Additional mine life for Radio Hill operations

Established Resource• Indicated 630kt @ 0.59%Ni, 0.64%Cu• Inferred 5,324kt @ 0.53%Ni, 0.62%Cu

Feasibility study complete

Mining approvals in place

Potential for smaller higher grade Resource

Expansion potential, open to the south

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INCREASING NICKEL COPPER RESOURCES

Integrate and evaluate previous drilling and geophysical survey data to identify exploration targets at Radio Hill

• Beneath Radio Hill

• F-zone and Radio Hill connection

• Down plunge of Radio Hill

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NEAR MINE POTENTIAL: SATELLITE DEPOSITS

Untested geophysical anomalies

Within 5km of Radio Hill processing Centre

Prospective as gabbros similar to those at Radio Hill intrusion identified on surface.

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Radio Hill• Large tonnage, low grade developed Resource

Sholl Complex:- B2, B1, Razerline• Large tonnage, low grade Resources

Ruth Well• Small shallow Resource, high tenor nickel sulphides intersected

Bertram• Nickel sulphide mineralisation intersected

Baynton Complex, Goliath & David• Large under explored layered intrusions

Greenfields

NICKEL/COPPER EXPLORATION TARGETSPipeline of Projects

Brownfields

Advanced

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COPPER AND ZINC: WHUNDO PROJECT

Historical mining at Yannery

Existing Resources at Whundo, West Whundo and Ayshia – 2.45Mt at 1.04% cu, 1.27% Zn

Majority open in two or more directions

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COPPER AND ZINC: WEST WHUNDO

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Whundo, West Whundo, • Developed oxide/sulphide Resource

Ayshia• Zinc sulphide resource

Shelby, Austin• Copper, zinc sulphide mineralisation intersected

Railway Bore• Geochemical anomalism Greenfields

COPPER ZINC EXPLORATION TARGETSPipeline of Projects

Brownfields

Advanced

Large tenement holding

Historic and Recent mining activity

Defined Resources• Within 20km of Radio Hill

Pipeline of projects• Brownfields → Conceptual

Multiple commodities• Nickel, copper, zinc, lead and

gold

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REGIONAL EXPLORATION

MAGNETITE PROJECTS IN THE WESTERN PILBARA OF WESTERN AUSTRALIA

All deposits hosted in the Cleaverville Formation

Major Projects under development:• Sino Iron Project (Cape Preston) 2 Billion

Tonnes• Balmoral South (Australasian Resources)

1.4 Billion Tonnes• Cape Lambert (MCC) 1.6 Billion Tonnes All projects > 1 Billion Tonnes Close proximity to existing

infrastructure• Ports• Rail, Roads• Power & Gas• Towns, Airports, Services Opportunities to share new port &

transport infrastructure

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MAGNETITE PROJECT CHECKLIST

PORT – Anketell Point multi-user port

TRANSPORT to port – 30km slurry pipeline

GAS/POWER – readily available

WATER – readily available

SALEABLE CONCENTRATE – confirmed by metallurgical testing

Initial inferred Resource: 72.4mt at 34% Fe

Proximity to markets

Minimal capex and opex20

CONTACT US

For further details please contact:

Bruno Seneque, Managing Director +61 8 9318 5600Warrick Hazeldine – Purple Communications +61 8 9485 1254

Email: reception@foxresources.com.au

Website: www.foxresources.com.au

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DISCLAIMER

The material used in this presentation is intended to be a summary of selected geological data, current and proposed activities, as well as resource estimates based on information available to Fox Resources Limited at the time. It does not include all available information and should not be used in isolation as a basis to invest in Fox Resources. Any potential investors should refer to Fox Resources Limited ASX releases and statutory reports before considering investing in the company.

The information within this report as it relates to mineral resources is based on information compiled by Fox Resources Ltd and Adrian Black of Newexco Services Pty Ltd. Adrian Black is a member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to this style of mineralisation and deposit under consideration to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Adrian Black consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

The information within this report as it relates to mineral exploration and geophysics is based on information compiled by Fox Resources Ltd and William Amann of Newexco Services Pty. Ltd. William Amann is a member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to this style of mineralisation and deposit under consideration to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. William Amann consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

The information in this presentation that relates to iron ore exploration results, mineral resources or ore reserves is based on information compiled by Mr Neil Winfield who is an employee of the company and is a member of the Australasian Institute of Mining and Metallurgy. Mr Winfield has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Winfield consents to the inclusion in the report of the matters based on his information in the form and context in which it appears

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