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Fenix Resources and Scorpion Minerals expedite drilling over Pharos Iron Ore Joint Venture The iron ore joint venture, which forms part of Scorpion’s Pharos Project, spans 373 square kilometres and lies immediately adjacent and contiguous to Fenix’s Iron Ridge operation, with multiple iron ore targets already identified across 15 kilometres of strike. Fenix and Scorpion are actively exploring the Pharos Iron Ore Joint Venture region. Fenix Resources Ltd (ASX:FEX) and Scorpion Minerals Ltd (ASX:SCN) have fast-tracked a drill program at the Pharos Iron Ore Joint Venture (JV) asset following a review of historical drilling data. During the evaluation, the partners identified two iron ore target areas within the JV’s southern Weld Range region, specifically at the Iron Ridge Extension and Ulysses prospects. ....
Fenix Resources Ltd targets incremental growth plans after establishing itself as a new bona fide high-grade iron ore miner proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
Fenix Resources boosts iron ore production by 27% in June quarter The fledgling iron ore producer shipped nearly 281,000 tonnes of product in the June quarter, up 27% on the previous quarter. “It was an outstanding quarter on the back of steady-state production rates and strong iron ore prices,” says MD. Fenix Resources Ltd (ASX:FEX) shipped just shy of 281,000 tonnes of iron ore from its WA Iron Ridge Project at an average price of US$185 per tonne during the June quarter. It is the second successful quarter for Fenix, following its maiden iron ore shipment of 220,000 tonnes in March. Five iron ore shipments were sold in total, comprising 129,331 wet metric tonnes (wmt) of lump and 151,456 wmt of fines. ....
The company has appointed Scorpion Minerals to plan, manage and execute the early exploration phase at Pharos. Fenix has iron ore operations in Western Australia s Mid-West. Fenix Resources Ltd (ASX:FEX) non-executive director Richard Nicholls-Maltman has demonstrated his confidence in the company’s iron ore strategy with an on-market purchase of shares. On July 6, Nicholls-Maltman acquired 30,000 shares in direct and indirect interests at an average price of 39.5 cents per share, marking his first purchase in the company. This follows the first purchase made by chairman Warwick Davies on June 23 of 30,000 shares in a direct interest. Pharos JV update On April 18, the company appointed Scorpion Minerals Ltd (ASX:SCN) to conduct exploration at the Pharos JV Project in a bid to grow iron ore resources around its Iron Ridge operations in WA’s Mid-West. ....
Fenix Resources Ltd chairman demonstrates confidence in iron ore strategy with on-market purchase proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.