Fenix Resources Limited (AU:FEX) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Fenix Resources Limited has announced promising results from recent drilling at its Iron Ridge Iron Ore Mine, revealing high-grade hematite mineralization with intersections such as 163 meters at 66% Fe. The exploration efforts aim to expand the mine’s resource estimate, potentially extending its life and optimizing the mine plan. The company plans to update its Mineral Resource Estimate in the current quarter, spurred by these findings and enhanced geophysical insights.
For further insights into AU:FEX stock, check out TipRanks’ Stock Analysis page.