bullish
Fenix Resources Ltd - Building blocks made of WA iron
SUMMARY
- Fenix Resources (ASX:FEX) is a junior iron ore producer based in the Midwest region of Western Australia (WA).
- FEX has been producing iron ore from the Iron Ridge project since 2020 with a total of 5.7Mt produced to date.
- Going forward, FEX is planning to expand its production rate from ~1.3Mtpa to 4.0Mtpa by the end of CY25 through the ramp-up of production at the recently restarted Shine Mine and the currently under construction mine at Beebyn-W11.
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