According to reports, Fenix Resource's iron ore project Iron Ridge has set a record output with an annual output of 1.25 million tons.

The mine started production in December 2020 and shipped the first shipment of 37,000 tons in February 2021.

According to the export agreement signed between Fenix Resource and Mid West Ports Authority (MWPA), Fenix Resource can ship 1.25 million tons of mine resources each year.

As of March 8 this year, the cargo shipped from Iron Ridge to the Port of Geraldton has exceeded the annual rate of 1.25 million tons, so Fenix Resource may plan to ship two ships of 60,000 tons of products every month.

As of March 10, Fenix Resource has sold 100,000 tons of iron ore and refined powder, and two ships have been booked on March 18 and March 28.