- Fenix Resources (FEX) has secured approval for its Iron Ridge mining proposal as it gets ready for its first shipment next year
- The WA Department of Mines, Industry Regulation and Safety (DMIRS) has approved the stage one mining proposal
- This approval is the next step to start the development of the project, in which it aims to start this year
- The company is then aiming to have the first ship of direct shipping ore (DSO) early next year
- Managing Director, Rob Brierley, says this is a major milestone in the development of the project
- On market close, Fenix is up 11.5 per cent and is trading for 14.5 cents per share
