Fenix Resources Eyes Ambitious Growth

Fenix Resources Limited (AU:FEX) has released an update.

Fenix Resources Limited reports strong quarterly performance with a record export volume of 978,753 wet metric tonnes and steady C1 cash costs for Iron Ridge at A$79.7 per wet metric tonne. The company is advancing growth projects, including the recommissioning of Shine Iron Ore Mine and development of Beebyn-W11, aiming to boost annual production to 4 million tonnes by early 2025. Fenix ended the quarter with a robust cash position of A$77.4 million, underpinning its ambitious expansion and production goals.

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