PROJECT FINANCE

Fenix locks in funding

MID West iron ore hopeful Fenix Resources has locked in commitments to raise A$15 million to fund stage one of its flagship Iron Ridge development, with mining scheduled to begin before the end of the year, and the first cargo to sail from the Port of Geraldton in early 2021.

 Iron Ridge

Iron Ridge

The company, which emerged from Emergent Resources in mid-2018 by picking up the high-grade direct shipping ore opportunity, located some 65km outside Cue, quickly put Iron Ridge on the fast-track as iron...

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