FEX (ASX) FEX ASX Is CEO Fenix Resources John Wellborn the Oakajee Port Master?

Originally posted by tenfoldplease: ↑

I'm not sure about earlier comments on FEX's opportunities at Oakajee, but here is article from AFR Oct 2022. Seems it is slated for Green Hydrogen and interestly for FEX Green Iron. MidWest magnetite inparticular would be a perfect match, or perhaps our high grade low impurity IO.
Regardless of who's IO, it has to be transported to Oakajee somehow.
Anyways, interesting read, and certainly some very big money and govt support behind the Hydrogen theme.
(apologies for formatting)

BP, Fortescue handed portside land for Hydrogen project
18 October 2022
Brad Thompson
Western Australia is a step closer to having a new port at Oakajeeon the Mid West coast after doling out land to BP and the green energy offshoot of Fortescue Metals Group for green hydrogen projects.

The British oil and gas giant and Fortescue Future Industries (FFI) were each granted 220 hectares of land for green hydrogen and green ammonia processing alongside the proposed port.
The WA government said FFI was eyeing its land grant for a green ammonia plant but had also talked about a green iron project in the state’s Mid West region.
BP has set its sights on an export-scale green hydrogen and ammonia production facility based on the positive findings of its feasibility study into the potential around Oakajee.
The WA government made smaller land allocations to Copenhagen Infrastructure Partners, Green LOHC, Kinara Power and Blue Diamond Australia for hydrogen projects in an industrial area at Oakajee.
WA will also work with the Port of Rotterdamand Germangovernment on a study of the port infrastructure required at Oakajee for the export of hydrogen products.Oakajee was once touted as home to a $9 billion deep water iron ore port, but hydrogen now appears more likely to drive its development and potentially open the door for stranded iron ore, including magnetite, projects in the region.WA hydrogen industry minister Alannah MacTiernan said on Tuesday that the land allocation paved the way for the government to look at the infrastructure needs of the hydrogen players at Oakajee.
Ms MacTiernan said Oakajee had never stacked up as an iron ore port because the potential export volumes were too small to justify the cost. She said the work with the Port of Rotterdam would look at the cost of a green hydrogen or green ammonia export facility which might not require the same “heavy armoury” as an iron ore port. Ms MacTiernan said the ideal result would see hydrogen infrastructure and processing capacity unlock the magnetite deposits and WA producing green hot briquetted iron for export.
FFI was granted its land based on a green ammonia project but has flagged interest in producing green iron.″We’ve got capability to expand the industrial area to accommodate something like that if thatbecamea reality,” Ms MacTiernan said. Fortescue revived talk about Oakajee in January when it struck a deal with the subsidiary of Chinese steelmaker Sinosteel that owns the associated mine and infrastructure projects.
Fortescue announced at the time that it may acquire half of a magnetite iron project and 100 per cent of the infrastructure companies. FFI said on Tuesday the land grant paved the way for it to continue work on a proposal to export green hydrogen and green ammonia from the region. “The company is confident that the quality of wind and solar resources in the region could support a major renewable energy hub, including associated industries such as the manufacturing of key infrastructure equipment,” FFI Australia West director Maia Schweizer said. “It is a renewable energy race and Oakajee has a lot of the ingredients needed to be a leader.”
BP said the land grant was a boost as it looked to become part of a globally competitive, multi-product renewable hydrogen industrial hub at Oakajee. “The Mid West region’s natural advantages are no secret, and as we look to tackle what BP refers to as the energy trilemma – providing more secure, affordable and lower carbon energy – places like the Mid West and Gascoyne stand out,” BP executive Justin Nash said.
BP acquired a big share of the $US36 billion ($57 billion) Asian Renewable Energy Hub project in WA’s Pilbara in June.

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This was posted before, FEX will not be doing green iron. There is too much risk. Even just considering a magnetite mine is already almost a project beyond FEX's capability, that in itself would be a huge investment with significant risk. Then considering making green iron would just be another large risk.

Keep it simple. FEX mines hermtite, FEX transports IO, FEX stores IO at the port. Markets IO. That is enough surely for the short to medium term. Long term maybe magnetite mining if FEX grows and has the resources to sustain an investment.

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FEX ASX Is CEO Fenix Resources John Wellborn the Oakajee Port Master?, page-19

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