Fenix Resources (ASX:FEX) is on track to triple its iron ore production in 2025 and achieve a production rate of 4 million tonnes per annum.
"Our flagship Iron Ridge iron ore mine continues to produce high-quality consistent production with excellent economics," said Executive Chair John Welborn in a Thursday filing with the Australian bourse.
In the September quarter, Fenix Resources shipped 769,831 wet metric tonnes of high-grade iron ore, comprising 345,950 wet metric tonnes from Iron Ridge and 423,881 wet metric tonnes of iron ore on behalf of third-party customers.
Shares of Fenix Resources rose 3% in recent trade.
Price (AUD): $0.27, Change: $+0.0070, Percent Change: +2.69%
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