Fenix Resources On Track to Triple Iron Ore Production in 2025; Shares Rise 3%

MT Newswires Live10-24

Fenix Resources (ASX:FEX) is on track to triple its iron ore production in 2025 and achieve a production rate of 4 million tonnes per annum.

"Our flagship Iron Ridge iron ore mine continues to produce high-quality consistent production with excellent economics," said Executive Chair John Welborn in a Thursday filing with the Australian bourse.

In the September quarter, Fenix Resources shipped 769,831 wet metric tonnes of high-grade iron ore, comprising 345,950 wet metric tonnes from Iron Ridge and 423,881 wet metric tonnes of iron ore on behalf of third-party customers.

Shares of Fenix Resources rose 3% in recent trade.

Price (AUD): $0.27, Change: $+0.0070, Percent Change: +2.69%

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