Fenix Resources Increases Production from Western Australia Operations to Run Rate of 4.5 Million Tonnes Per Annum

MT Newswires Live

03/17

Fenix Resources (ASX:FEX) increased its production from its Western Australia operations to a run rate of 4.5 million tonnes per annum, according to a Tuesday Australian bourse filing.

It added that its wholly-owned logistics business, Newhaul, hauled ten million dry metric tonnes of iron ore from operations in Western Australia. This satisfied a milestone under its July 2022 acquisition of Newhaul, and a milestone payment of 20 million fully paid ordinary shares in Fenix to Newhaul founder and Fenix director Craig Mitchell.

Mitchell will step down as a director of the firm.

Fenix Resources shares rose over 1% in recent trading on Tuesday.

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This satisfied a milestone under its July 2022 acquisition of Newhaul, and a milestone payment of 20 million fully paid ordinary shares in Fenix to Newhaul founder and Fenix director Craig Mitchell.</p><p>Mitchell will step down as a director of the firm.</p><p>Fenix Resources shares rose over 1% in recent trading on Tuesday.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"鋼鐵","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2620416878","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620416878","pubTimestamp":1773709807,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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