Fenix Resources Limited ( (AU:FEX) ) has provided an update.
Fenix Resources Limited has announced that it has received acceptances for 10.04% of CZR Resources Ltd’s shares as part of its conditional off-market takeover bid. This acquisition is part of Fenix’s strategic expansion efforts, potentially enhancing its market position and operational capabilities in the iron ore sector. The company will continue to update the market on its progress, reflecting its commitment to transparency and regulatory compliance.
More about Fenix Resources Limited
Fenix Resources Limited is a fully integrated mining, logistics, and port services company based in the Mid-West region of Western Australia. The company focuses on producing high-quality iron ore, with an annual production target of 4 million tonnes in 2025. Fenix operates the Iron Ridge Iron Ore Mine, Shine Iron Ore Mine, and Beebyn-W11 Iron Ore Project, along with its Newhaul Road and Port Logistics businesses, which facilitate transport and storage of iron ore. The company emphasizes local community engagement and partnerships, including with the Wajarri Yamaji people, and has created over 300 jobs in the region.
YTD Price Performance: -1.33%
Average Trading Volume: 3,844
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €118.5M
Learn more about FEX stock on TipRanks’ Stock Analysis page.