Fenix Resources kicks off production at Iron Ridge Iron Ore Project
2020-12-22 11:49:42 [Print]
On December 21, Australia's Fenix Resources Limited announced that it has officially kicked off production at its Iron Ridge iron ore project in Western Australia.
The company's transition from explorer to miner is well underway as lump and fines products are being stockpiled at the Port of Geraldton ahead of Fenix Resources' first iron ore shipment, slate for some time before the end of February 2021.
The Iron Ridge project has an ore reserve of 7.76 million tonnes grading 63.9 per cent iron with an expected production cost of $76.86 per dry metric tonne over the life of the mine.
While production has just begun, Fenix Resources plans to gradually ramp up its production to a rate of 1.25 million tonnes per year.
The company's transition from explorer to miner is well underway as lump and fines products are being stockpiled at the Port of Geraldton ahead of Fenix Resources' first iron ore shipment, slate for some time before the end of February 2021.
The Iron Ridge project has an ore reserve of 7.76 million tonnes grading 63.9 per cent iron with an expected production cost of $76.86 per dry metric tonne over the life of the mine.
While production has just begun, Fenix Resources plans to gradually ramp up its production to a rate of 1.25 million tonnes per year.
