Fenix Resources (ASX:FEX) breaks records with iron ore shipments in Q1
Fenix Resources achieved record iron ore shipments of 415,903 wet metric tonnes in the March quarter, with reduced cash costs of $77.6 per wmt at its Iron Ridge mine.
It also secured a $70 million haulage contract with Gold Valley, bolstering its logistics business.
Fenix Port Services shipped 851,516 tonnes in the quarter.
The company maintains a robust financial position, with a cash balance of $88.3 million as of March 31.
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