Company working to deliver C1 FOB Cash Costs below US$60/wmt. 

2924-02559740-6A1106489 (markitdigital.com)

shares slide on the announcement: Note iron ore $107.6 per Tonne

Can Craig Mitchell ( Newhaul ) deliver - he is the one receiving the 30Million units and a board positon.

2924-02547810-6A1102285 (markitdigital.com)

RESOLUTION 1 – RATIFICATION OF ISSUE OF SHARES TO NEWHAUL are 30million units x 0.30cps

RESOLUTION 2 – RATIFICATION OF ISSUE OF SHARES TO SCORPION are 4Million units x 0.24cps

• Release Date: 21/06/22 11:08
• Summary: Company Presentation - Infrastructure Advantage
• Price Sensitive: No

• FEX Release Date: 21/06/22 08:31= 100% ownership in the haulage business
• Summary: Fenix acquires Mid-West haulage business
• Price Sensitive: Yes

100% ownership in the haulage business willreduce Fenix’s C1 FOB cash costs by ~A$10 per tonne enabling Fenix to target total C1 FOB cash costs of ~A$70/wmt 

So if the Iron ore price holds-up .. China keep the Fe buying trend this will be Great..Mate.