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Fenix Resources Ltd.
Summary
| Project: | Iron Ridge | |
|---|---|---|
| Deposit: | Iron Ridge | |
| Location: | Australia | |
| Commodities: | Iron-Aluminium-Phosphorus-Silica-Titanium | |
| Date: | 8/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-8-2019: Fenix Resources Ltd. announces a Resource Estimation report for its Iron Ridge deposit at the Iron Ridge project. Updated mineral resource estimate. The Directors of Fenix Resources Limited (ASX: FEX, Fenix or the Company) are pleas | |
| Resources: | (Resource, I+I): 10.5Mt @ 64.2% Fe, 2.57% Al2O3, 0.046% P, 3.26% SiO2, 0.09% SiO2 | |
| CP/QP: | [Resources]: Alex Whishaw (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Directors of Fenix Resources Limited (ASX: FEX, Fenix or the Company) are pleased to announce that the Company has completed a revised Mineral Resource Estimate that incorporates the results from its recently completed infill drilling program at its flagship Iron Ridge Project in the Mid‐West region of Western Australia. Commenting on the Mineral Resource upgrade, Fenix Managing 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 95% of the total Mineral Resource is in the Indicated category. The grade of the deposit continues to be a strong point of differentiation from other iron ore projects, which we are confident will continue to create a higher‐than‐ usual demand for our product. “This significant upgrade in Indicated Resource will clearly be positive for our upcoming Feasibility Study, which in all other respects is progressing very well.” | |
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