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Fenix Resources Limited ( (AU:FEX) ) has issued an announcement.
Fenix Resources Ltd has appointed Fernando Pereira as the Chief Operating Officer of its subsidiary Westmine. With extensive experience in iron ore operations, Pereira will oversee Fenix’s existing mining operations and contribute to the company’s strategic goal of increasing production to ten million tonnes per annum. This appointment is a strategic move to leverage recent expansions and enhance operational efficiency, positioning Fenix for significant growth in the iron ore market.
The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.65 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.
More about Fenix Resources Limited
Fenix Resources Ltd is a fully integrated mining, logistics, and port services business operating in the Mid-West region of Western Australia. The company produces high-quality iron ore from three mines, including the flagship Iron Ridge Iron Ore Mine, and manages its logistics through its Newhaul Road and Port Logistics businesses. Fenix is committed to growth, community engagement, and partnerships with local stakeholders, including the Wajarri Yamaji people.
YTD Price Performance: 93.80%
Average Trading Volume: 2,179,615
Technical Sentiment Signal: Buy
Current Market Cap: A$372.2M
See more data about FEX stock on TipRanks’ Stock Analysis page.