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Fenix Resources Limited ( (AU:FEX) ) just unveiled an announcement.
Fenix Resources Limited has commenced mining at its new Beebyn-W11 Iron Ore Mine, marking its third operational site in the Mid-West region. The company expects to ship the first ore during the September 2025 quarter, contributing to its target production rate of 4Mtpa. The construction of a private haul road connecting Beebyn-W11 to the Iron Ridge Mine is nearing completion, facilitating efficient transport to Geraldton Port. This expansion is part of Fenix’s strategic growth, supported by an exclusive mining agreement with Sinosteel Midwest Corporation, and is expected to enhance the company’s market position and operational capacity.
The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.48 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 Limited operates in the mining industry, focusing on the extraction and export of iron ore. The company is engaged in mining operations in Western Australia’s Mid-West region, with key projects including the Iron Ridge Iron Ore Mine and the newly commenced Beebyn-W11 Iron Ore Mine. Fenix aims to achieve a production rate of 4 million tonnes per annum by 2025.
Average Trading Volume: 976,828
Technical Sentiment Signal: Hold
Current Market Cap: A$196.4M
See more data about FEX stock on TipRanks’ Stock Analysis page.