Fenix to emerge from Emergent's ashes 

AFTER a few years of drifting listlessly, Emergent Resources has decided to stick with iron ore, entering into an agreement to secure control of Prometheus Mining, which controls the high-grade direct shipping ore Iron Ridge opportunity some 65km outside Cue in Western Australia’s Midwest region.

Fenix to emerge from Emergent's ashes  Fenix to emerge from Emergent's ashes  Fenix to emerge from Emergent's ashes  Fenix to emerge from Emergent's ashes  Fenix to emerge from Emergent's ashes 

Emergent wants to become a Midwest iron ore miner.

The company, which will be renamed Fenix Resources if the deal closes, is seeking a rebirth with the project after several years during which it has clung to the lower-grade Beyondie iron ore project,