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The fresh Beebyn-W11 arrangement will bring a minimal-rates path to rather grow design and you can cashflows. Over the past three years, Fenix have efficiently ramped right up Metal Ridge design to one.step 3 million tonnes yearly and shipped over step three million tonnes out of metal ore. Its prices-efficient mining and you can strategies functions produced good earnings over FY2022. Fenix Information protects to mine 10Mt of large-stages iron ore away from Beebyn-W11 deposit simply 20km from its leading Metal Ridge surgery in the WA’s Middle-Western.
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The legal right to Exploit arrangement provides Fenix entry to nice additional metal ore supplies on the very beneficial conditions. Which have complete power over mining and you may strategies, Fenix can be replicate the successful Iron Ridge operating model and you may work for from extreme synergies. The fresh recent acquisition of the brand new Stick out metal ore mine and you may Geraldton port system away from Mount Gibson Iron Restricted provides a patio to have Fenix in order to somewhat grow creation.
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