Fenix firms on Iron Ridge

DEVELOPING a 1.25 million tonne per annum operation at Iron Ridge in Western Australia’s Murchison will cost Fenix Resources $11.9 million, with 44% of capital costs – about $5.24 million – not due until after the first shipment, a feasibility study has shown.

Fenix firms on Iron Ridge Fenix firms on Iron Ridge Fenix firms on Iron Ridge Fenix firms on Iron Ridge Fenix firms on Iron Ridge

Fenix Resources' Iron Ridge project in WA

Fenix managing director Rob Brierley confirmed to the market that Iron Ridge's FS pointed to an outstanding high-grade project with reserves of 7.76 million tonnes grading 63.