Earnings release
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Fenix Resources Limited ASX : FEX FENIX FENIX RESOURCES LTD Office 10 , Emerald House 1202 Hay St , West Perth WA 6005 20 January 2021 T : +61 ( 0 ) 8 9226 2011 E : info@fenixresources.com.au ABN 68 125 323 622 December Quarterly Activities Report Iron ore production underway , first shipment set for early February Highlights • Production underway at Fenix's 100 % -owned Iron Ridge iron ore project in Western Australia's Mid - West , with first shipment of approximately 60,000 tonnes of combined lump and fines product scheduled for early February . Activities in the December Quarter included : ○ Binding Port Access and Services Agreement and a binding Port Lease Agreement signed with the Mid West Ports Authority , operator of the Port of Geraldton о MACA Limited appointed crushing and screening and mining contractor ○ Binding term sheet signed for the purchase of the existing port facilities from Sinosteel Midwest Corporation at Geraldton Port for $ 1 million ○ Offtake Agreement signed with Sinosteel International Holding Company for 50 % of production and sales from Iron Ridge ○ Road transport contract for Iron Ridge iron executed with Fenix Newhaul Pty Ltd , an incorporated joint venture company between Fenix and Newhaul Appointment of highly experienced iron ore executive , Mr Warwick Davies , as Non- Executive Director West Australian high - grade iron ore developer , Fenix Resources Limited ( Fenix or the Company ) ( ASX : FEX ) is pleased to report on its activities for the December 2020 quarter ( December Quarter ) . During the December Quarter , the Company continued to make significant progress on its planned development of the Iron Ridge iron ore project ( Iron Ridge Project or the Project ) in Western Australia's Mid- West , which culminated in production commencing in December 2020 and first shipment scheduled for early February 2021. Timing of the first shipment has been adversely impacted by a planned maintenance shutdown on the Berth 5 shiploader ( scheduled for February 1-5 ) at the Geraldton Port organised by the Mid West Ports Authority . Page 1 of 7