- Fenix Resources (FEX) is on track to send its first shipment of iron ore early next year, with key mining approvals granted by Department of Mines, Industry Regulation and Safety (DMIRS)
- The company’s Iron Ridge Iron Ore Project lies about 500 kilometres from Geraldton in Western Australia
- Roughly 1.25 million tonnes of ore is expected to be trucked to the port each year and the project is set to create 350 jobs
- The project management plan and clearing permit for stage one has now been approved by the DMIRS, so mine development will begin this month
- Fenix Resources shares closed 6.45 per cent higher this afternoon, trading at 16.5 cents.
Fenix Resources (FEX) is on track to send its first shipment of iron ore early next year, with key mining approvals granted by Department of Mines, Industry Regulation and Safety (DMIRS).
The company’s Iron Ridge Iron Ore Project lies about 500 kilometres from Geraldton in Western Australia.
Fenix is an explorer which is transitioning to mining. Its project management plan and clearing permit for stage one has now been approved by the DMIRS, so mine development will begin this month. The company’s mining proposal was accepted last month.
Fenix Resources Managing Director Rob Brierley said the company was on track for the first shipment to be made from Geraldton’s port early next year.
“We are all set to commence works on site before the end of this month, in line with our previously announced timeline,” he said.
The company’s wholly-owned, flagship Iron Ridge Iron Ore Project is a premium deposit which hosts a JORC 2012 compliant resource.
About 1.25 million tonnes of ore are expected to be trucked to the port each year and the project is set to create 350 jobs.
Fenix Resources shares closed 6.45 per cent higher this afternoon, trading at 16.5 cents.