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Welborn's Fenix to accelerate Pharos iron ore project

Small producer secured early ownership of bulk metal rights with share payment to Scorpion

Haydn Black
Scorpion's Bronwyn Barnes and Fenix's John Welborn

Scorpion's Bronwyn Barnes and Fenix's John Welborn

Fenix, which commenced production at its flagship Iron Ridge project about a year ago, and cognisant of a lack of extension opportunities, quickly struck a deal to earn 70% of the iron ore rights over...

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