11
Mar
04:49
Fenix receives initial payment for Extension Hill Assets
Australian miner Fenix Resources has confirmed receipt of the initial payment consideration of AUD 250,000 ($165,204) relating to its sale of the Extension Hill Assets to Terra Mining and Extension Hill (EHPL).
The payment follows the successful first shipment of ore from the Extension Hill magnetite project in late February 2024, Kallanish notes from its statement.
The Extension Hill Assets consisted of the residual mining assets, liabilities, rights and oblig…
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