Fenix Resources Ltd's (ASX:FEX) Rob Brierley speaks to Proactive's Andrew Scott soon after signing a deal for the road transport component of its Iron Ridge Project in Western Australia. The contract with Fenix Newhaul Pty Ltd is valued at around $360 million for the estimated six-year life-of-mine. Iron Ridge hosts a JORC 2012-compliant indicated and inferred resource of 10.5 million tonnes at 64.2% iron with an ore reserve of 7.76 million tonnes at 63.9% iron.
Fenix Resources just weeks away from start of production at Iron Ridge project
Quick facts: Fenix Resources Ltd
Price: 0.215 AUD
Market Cap: $84.54 m
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