Shinsuke Nakano, White Fox chief executive, in a statement said: “Gold is a safe and prudent harbor given current international economic trends.
“We believe NQ Minerals has a stellar management team with terrific experience and great track record.
“We are behind their strategy and we shall continue to explore joint venture opportunities."
NQ is focused on unlocking the silver held in vast stockpiles at the Ukalunda project in Queensland.
White Fox said the investment definitively begins its strategy to both restore and create new shareholder value.
It is a prudent investment and portrays management's confidence and commitment in today's global market for gold and silver as viable investment options, while at the same time significantly reinforcing its underlying balance sheet, White Fox added.