It should be remembered that Strike Resources sold their...

It should be remembered that Strike Resources sold their Paulsens East iron ore project to Miracle Iron for $20 million which was completed in March 2024, but announced in January 24. Going through the various documents related to the transaction, there was no mention of having to get FIRB approval for the purchase - but there were various other conditions required to be met. In relation to MIracle, Strike provided the following details in the announcement of the transaction.

Overview of the Buyer
Miracle Iron Holdings Pty Ltd is a Perth based private company owned by Mr Chuanshui (Frank)
Yin (who is the sole director and secretary).
Mr Yin has been active in developing Sino-Australia business ventures in the mining sector and
has facilitated a number of negotiations between Chinese and Australian parties in mining
development investments and off-take agreements. Mr Yin was also the Director and Chief
Executive Officer (2012 - 2018) of Ishine International Resources Limited (former ASX:ISH), a
minerals exploration company with gold and copper projects in Western Australia, South Australia
and Queensland.
Strike is satisfied in relation to Miracle’s financial capacity to complete the transactions
contemplated under the Agreement, after having completed due diligence on Miracle and Mr Yin,
negotiating a significant A$2 million deposit (non-refundable in certain circumstances) and having
sighted Miracle’s bank account statement showing sufficient funds at call to fund Miracle’s
payment obligations at completion.

So it seems that Miracle is a long standing and active participant in the exploration/mining industries and has the financial capacity to pay so I agree that it seems highly unusual that approval of the (relatively small) CZR transaction has been held up for so long.