Fe Limited holds DRC and Bryah Basin battery metals assets and is picking up Pilbara ground
FEL is acquiring lithium projects near Fortescue Metals Group discoveries in the Pilbara region of WA.
Company
ASX:FMG
Fortescue Ltd is one of the world's leading producers of iron ore from its operations in Pilbara, Western Australia. The company has also developing and acquiring green energy technologies and projects, which will help the world step beyond fossil fuels.
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FEL is acquiring lithium projects near Fortescue Metals Group discoveries in the Pilbara region of WA.
Investments and investor services
Yesterday’s seventh consecutive positive session for the ASX 200 looks to have been the last.
The focus is now on the federal budget which will be announced at 7.30 pm AEDT.
Fortescue Metals Group set another 10-year high, gaining 4.5% to $7.43.
The major iron ore miners closed the week higher with some modest gains.
The company is acquiring two highly prospective lithium projects in the Pilbara region.
Investments and investor services
S&P 500 Index was up 0.36% and the Nasdaq Composite was up 0.34% last night.
Macquarie shares increased by close to 1% after reiterating its short-term outlook provided last month.
Investments and investor services
New Zealand dollar has fallen after rates were kept on hold and a dovish outlook was signalled.
Rare earths miner Lynas Corp surged 35% after being the target of a takeover proposal from Wesfarmers.
The JV partners also plan to make an investment decision on the Ghanaian project this year.
Recent lithium deposit discoveries have made this region one of the hottest in the electric vehicle battery space.
Iron ore prices have been on a tear, but will there be any trickle-down to the junior sector?
The company is engaging investors to finance its Wa Gold Project and is close to making a final development decision.
The company is focused on its flagship Sconi Cobalt-Nickel-Scandium Project in Queensland.
The work program has started at the high-grade vein system at Boodalyerrie, in Pilbara, Western Australia
The company is working with Ibaera Capital to develop its project and bring it into production.
A comprehensive exploration program will commence upon transaction completion.
Investments and investor services
The company is a leading ASX gainer as shares increase 56% to an intra-day high of 9.2 cents.
Presenters at this year’s Diggers and Dealers Mining Forum in Kalgoorlie in the Western Australian Goldfields looked at the question of growth, and whether to focus on acquiring new projects or explore to increase production.