On the 19th March 2019 Fenix resources was proud to annouce to market a significant upgrade of 84% in the total mineral resource of Iron Ridge to 9.2Mt at 64.1% Fe, 3.36 SiO2, 2.66% Al2O3 and 0.045% P, using a lower cut-off grade of 58% Fe. This compares to the previous Inferred Mineral Resource of 5.0Mt at 64.1% Fe, 3.3% SiO2, 2.7% Al2O3 and 0.05% P, using a lower cut-off grade of 50% Fe

Classification
Tonnes
Fe
Al2O3
LOI
P
SiO2
TiO2
 
Mt
%
%
%
%
%
%
Indicated
6.6
64.5
2.51
1.74
0.042
3.14
0.09
Inferred
2.6
63.2
3.04
2.13
0.054
3.93
0.12
Total
9.2
64.1
2.66
1.85
0.045
3.36
0.10

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