Fenix Resources completes first Twin Peaks iron ore shipment
Fenix Resources completes first Twin Peaks iron ore shipment Fenix Resources (ASX:FEX) has hauled, loaded and shipped the first shipment of iron ore from the Twin Peaks direct shipping iron ore project in WA. This first shipment contained 59,275t of +60% iron “Fenix TP lump” direct shipping ore and product from Twin Peaks will boost Fenix’s iron ore production and revenues. In November 2023, Fenix executed an ore purchase agreement with 10M, granting it the right to purchase 500kt of high-grade ore from Twin Peaks. Under the agreement, 10M is responsible for all mining and processing activities up until the...