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ASX:FEX
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Fenix Resources locks in profitability as it hedges 45% of iron ore production

Fenix Resources Ltd's (ASX:FEX) Rob Brierley speaks to Proactive following the news it's hedged around 45% of its planned iron ore production at $230.30 per dry metric tonne over a 12-month period. The hedging is covered under iron ore swap arrangements, which stipulate 50,000 tonnes of resource will be priced against the Monthly Average Platts TSI 62 Index and converted to AUD each month from October 2021 to September 2022.

Quick facts: Fenix Resources Ltd

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ASX:FEX

Price: 0.225 AUD

Market Cap: $106.25 m

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Fenix Resources says deal with Scorpion Minerals broadens its footprint

Fenix Resources Ltd's (ASX:FEX) Rob Brierley speaks to Proactive's Andrew Scott following the news they've entered into a binding term sheet for a farm-in and joint venture agreement with Scorpion Minerals Ltd (ASX:SCN) for two tenements E20/953 and E20/948, totalling 384 square kilometres,...

on 8/2/21

2 min read