Fenix Resources Limited ( (AU:FEX) ) has provided an announcement.
Fenix Resources Limited has awarded a mining contract to MACA Limited for its new Beebyn-W11 Iron Ore Mine, marking a significant step towards reaching a production rate of 4 million tonnes per annum in 2025. The project, located near Fenix’s existing Iron Ridge operations, is set to commence site works in June 2025, with first production expected by September 2025. The development includes constructing a strategic haul road, enhancing logistical efficiency and compliance with environmental and cultural heritage commitments.
More about Fenix Resources Limited
Fenix Resources Limited is a mining company focused on iron ore production. It operates in the Mid-West region of Western Australia and is known for its high-quality iron ore deposits, including the Iron Ridge Iron Ore Mine and the newly developed Beebyn-W11 Iron Ore Mine.
YTD Price Performance: 6.00%
Average Trading Volume: 3,844
Technical Sentiment Signal: Strong Sell
Current Market Cap: €126.9M
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