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Rox Resources (RXL)

Patersons Securities has rated Rox Resources a “speculative buy” after preliminary results from first pass drilling at its Mt Fisher project targeting nickel sulphide mineralisation.

Elise ShawMarkets Online Editor

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Patersons Securities has rated Rox Resources a “speculative buy" after preliminary results from first pass reconnaissance reverse circulation (RC) drilling at its Mt Fisher project targeting nickel sulphide mineralisation.

“We expect laboratory assay results due in mid-late January 2013 will confirm the highly promising preliminary indications and as such we rate RXL a speculative buy," Patersons said.

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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.

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    Original URL: https://www.afr.com/markets/equity-markets/rox-resources-rxl-20130109-jibyi