trending Market Intelligence /marketintelligence/en/news-insights/trending/grkyBmH4E1oicKhrao5vJw2 content esgSubNav
In This List

Fenix Resources ups Iron Ridge resource estimate

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Fenix Resources ups Iron Ridge resource estimate

Fenix Resources Ltd. said Aug. 21 that its total mineral resource at Iron Ridge iron ore project in Western Australia has increased to 10.5 million tonnes at 64.2% iron, from the previous 9.2 Mt estimate.

The update led to a 51% in the indicated mineral resource to 10.0 million tonnes at 64.3% iron, 3.2% silicon dioxide, 2.6% aluminum oxide and 0.04% phosphorus.

The estimate, which is a result of a recently completed drilling program, is reported above a 58% iron cutoff grade.

Fenix Resources said that its feasibility study for the project is progressing and remains on track for delivery in October.