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Fenix Resources Ltd.
Summary
| Project: | Iron Ridge | |
|---|---|---|
| Deposit: | Iron Ridge | |
| Location: | Australia | |
| Commodities: | Iron-Aluminium-Phosphorus-Silica-Titanium | |
| Date: | 3/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-3-2019: Fenix Resources Ltd. announces a Resource Estimation report for its Iron Ridge deposit at the Iron Ridge project. Updated mineral resource estimate at the project. Iron Ridge Project Update The Directors of Fenix Resources Limited (ASX: FEX, F | |
| Resources: | (Resource, I+I): 9.2Mt @ 64.1% Fe, 2.66% Al2O3 | |
| CP/QP: | [Resources]: Alex Whishaw (CSA Global Pty Ltd.) | |
| ABSTRACT: | Iron Ridge Project Update The Directors of Fenix Resources Limited (ASX: FEX, Fenix or the Company) are pleased to announce that the Company has received the results of a Mineral Resource estimate that incorporates the results from its recently completed drilling program at its flagship Iron Ridge Project in the Mid‐West region of Western Australia1. The Mineral Resource is categorised into Indicated and Inferred Mineral Resources as shown in Table 1. Commenting on the Mineral Resource upgrade, Fenix Executive Director, Mr Rob Brierley, said: “We are very pleased with this significant increase in Mineral Resource at Iron Ridge and, in particular, the fact that 72% of the total Mineral Resource is in the Indicated category. The grade of the deposit is a strong point of differentiation and we believe that we may be able to apply a capital‐light development plan to bring the Project into production within a tight timeframe. We will now progress Iron Ridge by commencing pit designs and environmental permitting, whilst simultaneously engaging with service providers that could | |
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