FEX
Director Trades
| Date | Director | Value |
|---|---|---|
| John Paul Welborn | $133,750 | |
| John Paul Welborn | $125,250 | |
| J. Welborn | $72,500 | |
| J. Welborn | $71,250 | |
| John Paul Welborn | $124,520 |
Company News
Fenix Resources Secures Transformational Right-to-Mine Deal at Weld Range Iron Ore Project
Fenix Resources (ASX: FEX) has announced a “game-changing” right-to-mine agreement with the world’s largest steel producer over the Mt Weld Range hematite iron ore project in Western Australia, signing a 30-year deal with Sinosteel Midwest that could markedly extend the project’s current mine life and expand production. The deal extends the run of good news […]
Fenix Resources bids for CZR to create large-scale iron ore business in WA’s Pilbara
Fenix Resources (ASX: FEX) says partnering with CZR Resources (ASX: CZR) will create a large-scale, diversified mining and logistics business operating in Western Australia’s major iron ore regions. Fenix will bring its $56.1 million in cash and ongoing cash flow from its Mid-West operations to deploy into the development of CZR’s Robe Mesa iron ore […]
Iron ore’s long goodbye is extended – again
Iron ore’s long goodbye kicks on and might last for the rest of the year thanks to Russia’s war on the Ukraine and another setback for a project in Africa dubbed the Pilbara Killer. Fighting in the Ukraine has effectively removed 100 million tonnes of iron ore from the market with commercial shipping in the […]
Fenix Resources as a cash cow or small cap miner with growth potential
The sharp fall in the price of iron ore since May has dampened the appeal of the steel-making mineral for most investors but in the dust left by the 50% price plunge nuggets of value can still be found, such as the ultra-small Fenix Resources (ASX: FEX). In an industry dominated by giants, Fenix is […]
Have iron ore miners been oversold or should investors ‘steel’ for more ferrous pain?
The pundits were right, for once: the laws of market gravity were always going to catch up with the price of iron ore, which in a matter of weeks has tumbled more than 50% from its nosebleed territory of US$220 a tonne. Still, no-one quite predicted the extent of the rout which stems from the […]
Small iron ore plays to get a boost from big miner’s cash shower
Showers of cash from the big boys of iron ore over the next few weeks will increase investor interest among smaller players in Australia’s most profitable mining industry. BHP (ASX: BHP), Rio Tinto (ASX: RIO) and Fortescue Metals (ASX: FMG) are expected to unleash monster dividend payments when they report half and full year profit […]
Fenix Resources locks in access at Port of Geraldton, eyes first exports early next year
Aspiring iron ore producer Fenix Resources (ASX: FEX) has achieved a key milestone in advancing its flagship Iron Ridge project after securing access at the Port of Geraldton to export its ore. The company has executed a binding agreement with the Mid West Ports Authority which gives it a port allocation to export 1.25 million […]
Fenix Resources reports high-grade iron ore intercepts from maiden RC drilling at Iron Ridge
Assays from the remainder of a maiden drilling campaign conducted by Fenix Resources (ASX: FEX) at its flagship Iron Ridge project have identified numerous high-grade iron ore intercepts accompanied by low impurity levels of silicon dioxide, aluminium oxide and phosphorus. The results were derived from 12 reverse circulation holes drilled from a total 21 RC […]
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