Fenix Resources flying high after positive September quarter results
Fenix Resources flying high after positive September quarter results Fenix Resources (ASX: FEX) has announced positive results for the September quarter at the recent International Mining and Resources Conference in Sydney. The Iron Ridge iron ore mine, located in WA’s Mid-West region, saw six shipments totalling 345,950wmt of iron ore products shipped. This pushed Fenix Resources past the milestone of 5mt shipped from Iron Ridge since first shipment began in February 2021. The mine, which is 100% owned by the company, hopes this is the launchpad for plans to expand to 4mtpa as soon as 2025. Production currently sits at 1.4mtpa at Iron Ridge. Meanwhile, production and haulage...