Fenix Resources Ltd (ASX:FEX) has reached annual nameplate road haulage rates of 1.25 million tonnes from the new Iron Ridge mine to the port storage facility in Geraldton.
This milestone has been achieved around one month ahead of schedule with road haulage totalling 28,653 wet metric tonnes (wmt) in the first eight days of March 2021.
“Sustainable export business”
The haulage was achieved with a fleet of 19 Fenix-Newhaul prime mover and trailer combinations supplemented by a subcontractor fleet of up to 12 units.
Fenix managing director Rob Brierley said: “I’m proud of the achievements of the Fenix team, in collaboration with our key service providers Fenix-Newhaul, MACA Mining, Alpha and Champion Bay Electrical.
“We have built a sustainable iron ore export business in a short space of time and have done so with due respect for the heritage value of the area around Iron Ridge, the environment and the health and well-being of our people.”
Two shipments per month
Fenix will now be able to schedule two bulk shipments of around 60,000 wmt each per month for the foreseeable future.
To date, in excess of 100,000 wmt of iron ore products (lump and fines), has been sold.
Two further ships are booked for loading on or around March 18 and March 28, 2021, underpinned by current port stocks of approximately 50,000 tonnes, crushed ore stocks at the mine of around 25,000 tonnes and ROM stocks of around 40,000 tonnes.