Iron ore price surges as strong demand from China leaves supplies stretched
Fenix Resources recently made a strong start to life as an iron ore producer while Fe Limited aims to begin shipping iron ore product in the current quarter.
Company
Fenix Resources Ltd
ASX:FEX
Fenix Resources is a fully integrated mining, logistics and port services business targeting to achieve an annual production rate of 4 million tonnes of iron ore during 2025 from its assets in the Mid-West region of Western Australia. High quality iron ore products are transported by road to Geraldton using the company’s 100% owned Road Logistics business.
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Fenix Resources hopes to add to iron ore resources from adjoining Pharos JV
The company has appointed Scorpion Minerals to plan, manage and execute the early exploration phase at Pharos.
Fenix Resources makes strong start as iron ore producer with shipments totalling 220,000 tonnes
The company expects a surge in production and shipments in the coming quarters in line with the streamlining of steady output at the project along with a likely fall in capital expenditures.
Fenix Resources resumes haulage from Iron Ridge Mine in WA following Cyclone Seroja
The company suspended road haulage to its Geraldton port storage facility on Sunday, April 11, and this has now resumed with electricity supplies in Geraldton restored.
Fenix Resources iron ore mine at Iron Ridge not impacted by Cyclone Seroja
The company suspended road haulage to its Geraldton port storage facility on Sunday, April 11, and expects to resume haulage as soon as electricity supplies in Geraldton are available.
Fenix Resources passes new Iron Ridge milestone on reaching steady-state production
Completion of the ramp-up means that the iron ore miner will now be able to schedule two shipments per month of around 60,000 wet metric tonnes each.
Fenix Resources appoints interim non-executive chairman in Warick Davies
The board has thanked outgoing non-executive chairman Garret Dixon for his support during the company's transition from explorer to iron ore exporter
Fenix Resources dispatches maiden shipment of Iron Ridge product
The Western Australian high-grade iron ore producer’s maiden shipment has departed Geraldton Port on the Ya Tai 2 carrier.
Fenix Resources' maiden iron ore shipment from Iron Ridge delayed with next shipment scheduled
Fenix is pursing all available opportunities to export its iron ore products to cover the likelihood that the Ya Tai 2 will not be able to complete loading as originally scheduled.
Fenix Resources farms into Scorpion's iron ore rights adjoining Iron Ridge project
Fenix can earn 70% of the iron ore rights by sole funding exploration and resource definition drilling to identify up to 10 million tonnes.
Fenix Resources continues to progress Iron Ridge Iron Ore Project with first shipment set for early February
The December quarter was busy. In addition to signing port access and service agreements with Mid West Ports Authority, operator of the Port of Geraldton, FEX also acquired existing port facilities at the port.
Fenix Resources higher as iron ore production begins at Iron Ridge in WA
The WA-based minerals explorer is transitioning to miner with production underway and the first shipment expected to take place in late January or early February next year.
Fenix Resources hits 9-year high on securing port access at Geraldton for iron ore exports
Binding agreements with Mid West Ports Authority secure a port allocation of 1.25 million tonnes per annum of iron ore to be exported utilising the Berth 5 shiploader.
Fenix Resources strengthens board with iron ore expertise by appointment of non-executive director
The company’s 100%-owned flagship Iron Ridge Iron Ore Project is a premium DSO deposit which hosts a JORC resource and is around 490 kilometres by road from Geraldton port.
Fenix Resources executes road transport contract for Iron Ridge
The company plans to commence the $360 million contract with Fenix Newhaul for the estimated six-year life-of-mine in December 2020.
Fenix Resources eyes off first iron ore shipment from Iron Ridge Project in early 2021
Production is on track to start later this year and the first shipment from the premium direct shipping ore deposit is scheduled early next year.
Fenix Resources awards mining and crushing contract for Iron Ridge to MACA
Early-stage works have begun with open pit mining and crushing and screening operations due to commence in the current quarter.
Fenix Resources executes binding iron ore offtake with Sinosteel and purchases Geraldton port facilities
The Iron Ridge project is on track to begin production later this year with first shipment and sales scheduled for early 2021.
Fenix Resources upgrades Iron Ridge mineral resource by 84%
Metallurgical test work including a determination of lump to fines ratio is well advanced with results expected in April 2019.
Fenix Resources receives high-grade assays, extending the iron ore resource at Iron Ridge
Drilling was designed to improve the confidence level of the mineral resource as well as test the strike and depth of the mineralisation.