Business
Fenix Resources (ASX:FEX) share price dips despite production ramp-up
The Fenix Resources Ltd (ASX: FEX) share price is sinking today, despite the company announcing a ramp-up in production. At the time of writing, Fenix shares are down 2.19% for the day.
The company is hoping to emerge as Western Australia’s next significant iron ore producer and has advanced quickly from project construction back in August 2020 to its maiden shipment on 15 February 2021.
Fenix share price sinks on production ramp-up
Fenix has been focused on ramping up the production of its 100% owned flagship Iron Ridge iron ore project. Today, the company announced that road haulage rates from the Iron Ridge mine to the port…
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