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Fenix swoops on Mount Gibson assets

FENIX Resources could slash port and haulage costs at its Iron Ridge mine by $5 per tonne and increase production considerably, following the acquisition of fellow iron ore junior Mount Gibson Iron’s Mid West iron ore and port assets.

Karma Barndon
Shine iron ore mine –infrastructure and crushing area July 2021

Shine iron ore mine –infrastructure and crushing area July 2021

As part of a binding agreement worth about $25 million, Fenix will pay $10 million and hand over 60 million ordinary shares upon completion, for ownership of the shuttered Shine iron ore mine in Western...

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