Fenix Resources Ltd
ASX Code
FEX
Sector
Materials
Investor Centre
https://fenixresources.com.au/investor-centre/announcements/
Website
https://fenixresources.com.au/
About
We are a WA-based minerals explorer transitioning to miner. The company’s 100% owned, flagship Iron Ridge Iron Ore Project is a premium DSO deposit which hosts a JORC 2012 compliant resource located around 490 km by road from Geraldton port. High grade iron ore attracts a premium price on the seaborne market as Chinese steel works increasingly demand more pure inputs with lower emissions due to increasing strict government regulations. Only requiring crushing and screening, the ore is proposed to be trucked to the port by a JV signed off on 7 May, with trucking specialist Minehaul Pty Ltd headed by respected logistics expert Craig Mitchell who was the founder and owner of Mitchell Corp before selling to Toll Group. Negotiations are well advanced with Mid West Ports Authority at Geraldton where export capacity is available. Pit planning, metallurgical work and mining and environmental approvals are currently being undertaken.