Fenix Resources Limited (AU:FEX) has released an update.
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Fenix Resources Limited reported a successful quarter with total iron ore shipments reaching 769,831 wet metric tonnes and a strong cash position of A$72.0 million as of September 2024. The company is on track to triple its annual production by 2025, emphasizing its commitment to growth and shareholder returns. Mining has commenced at the Shine Iron Ore Mine, and the development of the Beebyn-W11 mine is progressing towards early 2025 production.
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