Fenix Resources Ltd (ASX:FEX) chairman John Welborn chats to Proactive after the iron ore stock acquired fellow ASX-lister Mount Gibson Iron (ASX:MGX)’s Mid-West assets. Fenix is picking up the Shine Iron Ore Mine, which is currently on care and maintenance but boasts a 15-million-tonne iron ore resource, as well as two storage sheds at the pre-eminent Geraldton Port. Welborn calls the transaction a game changer, noting it would bolster Fenix’s position in WA’s iconic iron ore industry.
Fenix Resources bolsters WA iron ore portfolio with Mount Gibson assets
