Fenix Resources Limited (AU:FEX) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Fenix Resources Limited has hit a significant milestone by hauling six million dry metric tonnes of iron ore from its operations in Western Australia, marking the successful growth of its logistics business. This achievement is part of Fenix’s strategic expansion, which includes the consolidation of its Newhaul Pty Ltd acquisition, resulting in the issuance of 20 million shares to Mr. Craig Mitchell for meeting performance milestones. The company continues to leverage its integrated mining and logistics operations to drive future growth.
For further insights into AU:FEX stock, check out TipRanks’ Stock Analysis page.
