Fenix Resources reports 26.9 mln t maiden ore reserve at Beebyn Hub

Australian iron ore producer Fenix Resources has reported a maiden ore reserve of 26.9 million tonnes at an average grade of 60.0% Fe for its Beebyn Hub in Western Australia's Mid-West region, according to the company's announcement on September 3.

The reserve comprises an updated 13.1 million tonnes of iron ore at 61.2% Fe for the operating Beebyn-W11 mine and a maiden Stage 1 ore reserve of 13.8 million tonnes at 58.9% Fe for the newly approved Beebyn-W10 mine. "The maiden ore reserve for the Beebyn Hub provides more than