have a bit of a read of FEX announcements, very interesting reading, they are bargin hunters.
They are about to restart mining @ Shine -
"Fenix acquired Shine in July 2023 as part of the Company’s acquisition of Mount Gibson Iron Limited’s (Mount Gibson) Mid-West iron ore, port and rail assets. Mount Gibson acquired the iron ore mining and development rights associated with Shine from Gindalbie Metals Ltd for $15 million in March 2014."
also this is from the last Q.
“Fenix remains totally committed to deliver on our exciting pipeline of growth projects, all of which can be funded from our existing cash reserves. Our ambition is to be mining at a rate of 4 million tonnes per annum in early 2025. We continue to investigate opportunities to grow our production base, extend the mine life of our existing projects, and generate exceptional returns for our shareholders.” JOHN WELBORN Executive Chairman
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have a bit of a read of FEX announcements, very interesting...
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