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An announcement from Fenix Resources Limited ( (AU:FEX) ) is now available.
Fenix Resources Limited has secured key approvals for its Beebyn-W11 Iron Ore Project, including a Mining Proposal approval from the Department of Energy, Mines, Industry Regulation and Safety, and a Cultural Heritage Agreement with the Wajarri Yamaji Aboriginal Corporation. These approvals allow Fenix to commence development activities, with first ore shipment expected in the September 2025 quarter. The project is anticipated to significantly boost Fenix’s production capacity, aiming for an annual rate of 4 million tonnes during 2025, enhancing its market positioning and stakeholder value.
More about Fenix Resources Limited
Fenix Resources Limited is a company in the mining industry, primarily focused on the extraction and export of iron ore. The company operates in the Mid-West region and has secured rights to mine high-grade iron ore deposits, such as the Beebyn-W11 project, which is located near its flagship Iron Ridge Iron Ore Mine.
YTD Price Performance: 23.33%
Average Trading Volume: 3,556
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €129.4M
For an in-depth examination of FEX stock, go to TipRanks’ Stock Analysis page.