Gascoyne Resources Limited (AU:SPR) has released an update.
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Fenix Resources Limited has expanded its strategic presence in the Weld Range by acquiring the Beebynganna Hills Iron Ore Project and an exploration tenement near Beebyn-W11. This acquisition is set to enhance Fenix’s mining operations, leveraging existing infrastructure to potentially uncover high-grade iron ore deposits. With plans to significantly increase production, Fenix aims to unlock further value from the Weld Range’s underexplored resources.
For further insights into AU:SPR stock, check out TipRanks’ Stock Analysis page.
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