02
Sep
08:52
Fenix authorises Iron Ridge marketing rights to Atlas
Australia-listed Fenix Resources has agreed that Atlas Iron can act as sales agent for the Iron Ridge project in Western Australia. Atlas is thus allowed to market 50% of proposed iron ore production from Iron Ridge, Kallanish notes.
According to a feasibility study announced by Fenix in 2019, the Iron Ridge project is estimated to produce 1.25 million tonnes/year of iron ore, with a mine life of 6.5 years.
Fenix plans to start …
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