Fenix Resources has signed a joint cooperation agreement (JCA) with Geraldton Port to export iron product from the Iron Ridge project in the Mid West region of Western Australia.
The port forms part of the Midwest Ports Authority (MWPA), with the agreement further advancing Fenix’s development at Iron Ridge.
The JCA will investigate how MWPA may provide approximately one million tonnes per annum of export capacity through the port.
In accordance with the JCA, Fenix and MWPA will agree to negotiate port access, capacity reservations, handling services and iron ore product export contracts.
The JCA provides the next progression of the Iron Ridge project as the company advances towards development, according to Fenix managing director, Robert Brierley.
“The execution of this joint cooperation agreement represents yet another advancement in a key component of our future operations as we strive towards development of the iron ridge project,” he said.
“With the recent trucking joint venture signed and excellent preliminary metallurgical results, the JCA is another step towards the completion of our logistics chain.”
Fenix’s Iron Ridge is the company’s flagship project, with plans to produce high-grade iron ore that attracts a premium price on the seaborne market.
According to Fenix, the company is targeting Chinese steel works as they increase demand for more pure inputs that produce lower emissions as government regulations become stricter.
Only requiring crushing and screening, the iron ore is proposed to be trucked to the port by a JV signed off in early May by trucking specialist Minehaul.
Negotiations are under way with MWPA at Geraldton where export capacity is available with pit planning, metallurgical work and mining and environmental approvals all currently being undertaken.