Fenix Resources Ltd
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Latest News
Fenix Resources Secures Transformational Right-to-Mine Deal at Weld Range Iron Ore Project
Fenix Resources (ASX: FEX) has announced a “game-changing” right-to-mine agreement with the world’s largest steel producer over the Mt Weld Range hematite iron ore project in Western Australia, signing a 30-year deal with Sinosteel Midwest that could markedly extend the project’s current mine life and expand production. The deal extends the run of good news […]
Fenix Resources bids for CZR to create large-scale iron ore business in WA’s Pilbara
Fenix Resources (ASX: FEX) says partnering with CZR Resources (ASX: CZR) will create a large-scale, diversified mining and logistics business operating in Western Australia’s major iron ore regions. Fenix will bring its $56.1 million in cash and ongoing cash flow from its Mid-West operations to deploy into the development of CZR’s Robe Mesa iron ore […]
Iron ore’s long goodbye is extended – again
Iron ore’s long goodbye kicks on and might last for the rest of the year thanks to Russia’s war on the Ukraine and another setback for a project in Africa dubbed the Pilbara Killer. Fighting in the Ukraine has effectively removed 100 million tonnes of iron ore from the market with commercial shipping in the […]
Fenix Resources as a cash cow or small cap miner with growth potential
The sharp fall in the price of iron ore since May has dampened the appeal of the steel-making mineral for most investors but in the dust left by the 50% price plunge nuggets of value can still be found, such as the ultra-small Fenix Resources (ASX: FEX). In an industry dominated by giants, Fenix is […]