FOX RESOURCES LIMITED

1. FOX RESOURCES LIMITED FOX RESOURCES LIMITED Pilbara Based Minerals Developer Investor Presentation Bruno Seneque, Managing Director July 2009 ASX Code: FXR

2. W A P e r t h Port of Wyndham Kununurra Derby Broome Dampier Port Karratha NORTHERN TERRITORY WESTERN AUSTRALIA railway Newman  Paraburdoo railway PILBARA 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)

3. 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.

4. MANAGEMENT TEAM 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

5. CORPORATE GOALS GOALS FOR THE COMPANY • 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

6. 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

7. CAPITAL STRUCTURE Listed on ASX April 2002, Code: FXR Market Capitalisation $32 million @ 0.145 cents per share Fully Paid Shares 224,385,245

8. 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.

9. 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

10. INCREASING RESOURCES: RADIO HILL • Re-logging and sampling of disseminated hanging wall mineralisation above the Radio Hill deposit; significant intercepts include: • Currently modeling the resource as nested domains (nickel, copper) to maximise resource potential.

11. INCREASING RESOURCES: SHOLL B2 Additional 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

12. 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

13. 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.

14. NICKEL/COPPER EXPLORATION TARGETS • Pipeline of Projects Brownfields • 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 Advanced Greenfields

15. 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

16. COPPER AND ZINC: WEST WHUNDO

17. COPPER ZINC EXPLORATION TARGETS • Pipeline of Projects Brownfields Advanced Greenfields • Whundo, West Whundo, • Developed oxide/sulphide Resource • Ayshia • Zinc sulphide resource • Shelby, Austin • Copper, zinc sulphide mineralisation intersected • Railway Bore • Geochemical anomalism 17

18. REGIONAL EXPLORATION • 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

19. 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

20. 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 opex

21. CONTACT US For further details please contact: Bruno Seneque, Managing Director +61 8 9318 5600 Warrick Hazeldine – Purple Communications +61 8 9485 1254 Email: reception@foxresources.com.au Website: www.foxresources.com.au

22. 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