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The fresh Beebyn-W11 arrangement provides a minimal-cost pathway to notably develop creation and you will cashflows. For the past 36 months, Fenix features successfully ramped right up Iron Ridge design to a single.3 million tonnes yearly and you can shipped over step three million tonnes from metal ore. The costs-efficient exploration and logistics operations produced solid cash flow over FY2022. Fenix Information secures straight to exploit 10Mt away from large-degree iron ore from Beebyn-W11 deposit merely 20km from the flagship Metal Ridge functions in the WA’s Middle-Western.
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The authority to Mine arrangement brings Fenix entry to big a lot more metal ore supplies to your highly beneficial words. Having complete power over mining and logistics, Fenix can also be simulate their successful Iron Ridge operating model and you can work for out of extreme synergies. The new latest acquisition of the newest Stick out iron ore mine and you will Geraldton vent infrastructure from Install Gibson Metal Limited will bring a platform to own Fenix so you can notably grow development.
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