Fenix Resources Secures Regulatory Approval for Western Australia Project

MT Newswires Live

03-03

Fenix Resources (ASX:FEX) said The Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) has approved the company's mining proposal for the Beebyn-W11 iron ore project in Western Australia, according to a Friday Australian bourse filing.

A cultural heritage agreement for the Beebyn-W11 Haul Road has been agreed with the Wajarri Yamaji Aboriginal Corporation (WYAC) for and on behalf of the Wajarri Yamaji people, the filing added.

The company expects the first ore on ship from the project during the September quarter and is on track to achieve a production rate of 4 million tonnes per annum during 2025, the filing said.

The company's shares were down 2% in recent Monday trade.

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