Fenix Sources Ltd has signed a contract with MACA Ltd, a subsidiary of Thiess Group, for drill and blast, mining, and crushing and screening operations on the Beebyn-W11 iron ore mine. It added that the award of the Beebyn-W11 mining contract represents an vital milestone in Fenix’s plans to ramp up manufacturing to 4 Mt/y throughout 2025.
Beebyn-W11 is a high-quality iron ore deposit situated in Western Australia’s Mid-West area, roughly 20 km from Fenix’s Iron Ridge Iron Ore Mine. Fenix secured an unique proper to mine and export as much as 10 million dry metric tonnes of iron ore from Beenyn-W11 from Sinosteel Midwest Company in October 2023. Beebyn-W11 is one among a variety of related top quality iron ore deposits which makes up Sinosteel’s Weld Vary Undertaking.
Topic to the ten Mt proper to mine settlement, Fenix has outlined a JORC Ore Reserve at Beebyn-W11 of 10 Mt at 62.2% Fe, comprising 8.3 Mt in Confirmed and 1.7 Mt in Possible Ore Reserves. The challenge is predicted to provide 1.5 Mt/y of iron ore at a mean C1 money value of A$77.5 per moist metric tonne (wmt) FOB Geraldton (US$50.40/wmt).
All required mining approvals for Beebyn-W11 have been obtained by Fenix, together with the approval of Fenix’s Mining Proposal by the Division of Vitality, Mines, Business Regulation and Security (DEMIRS). The award of the mining contract will enable website mobilisation to begin within the June 2025 quarter. Manufacturing from Beebyn-W11 is predicted to be shipped through the September 2025 quarter.
Beebyn-W11 can be Fenix’s third working mine within the Mid-West and can allow the corporate to realize the focused whole manufacturing run price of 4 Mt/y throughout 2025.
A key operational requirement for manufacturing from Beebyn-W11 is the development of a personal haul street connecting the brand new mine to Fenix’s current operations at Iron Ridge. Building of the 20 km non-public haul street is scheduled to begin in March 2025, following receipt of the Native Vegetation Clearing Allow from DEMIRS. Fenix has executed a Cultural Heritage Settlement for the Beebyn-W11 haul street with the Wajarri Yamaji Aboriginal Company (WYAC) and entered right into a Deed of Covenant below the Native Title and Heritage Sustainable Advantages Settlement with Sinosteel Midwest Company and the Wajarri Yamaji Individuals, making certain compliance with heritage and environmental commitments.
The haul street is a strategic infrastructure asset that may join the brand new mine to the general public street system that gives a direct and environment friendly route from the Weld Vary to Fenix’s Geraldton port services.
Fenix operates a singular absolutely built-in mining and logistics enterprise. Prime quality iron ore merchandise are transported by street to Geraldton utilizing the corporate’s 100% owned Newhaul Street Logistics enterprise. Fenix’s wholly owned Newhaul Port Logistics enterprise operates its personal loading and storage services on the Geraldton Port, with storage capability of greater than 400,000 t and loading capability of greater than 5 Mt/y.
Fenix’s diversified Mid-West iron ore, port and rail asset base it says gives a wonderful basis for future progress. These belongings embrace the Iron Ridge mine, the Beebyn-W11 deposit, the Twin Peaks iron ore mine, the Shine iron ore mine, the Newhaul Street Logistics haulage enterprise which features a state-of-the-art street haulage fleet, two rail sidings at Ruvidini and Perenjori, in addition to the Newhaul Port Logistics enterprise that operates three on-wharf bulk materials storage sheds on the Geraldton Port.
