
Fenix Resources to build new iron ore mine
Fenix Resources to build new iron ore mine Following a feasibility study confirming outstanding cashflow and financial returns, Fenix Resources (ASX: FEX) is set to build a new iron ore mine at the Beebyn-W11 deposit in WA. The feasibility study revealed a high-grade, high-quality operation that provides strong returns over its seven year mine life with annual production of 1.5mdmt. The Beebyn-W11 deposit has a maiden ore reserve of 10mt at an average grade of 62.2% iron and includes 8.3mt in proven and 1.7mt in probable ore reserves. Based on forecast cash operating costs of $77.5wmt (US$50.4wmt), the mine will generate forecast annual earnings before interest, tax, depreciation and...









