Australia's Fenix Resources drops after sale of Extension Hill Assets

Fenix Resources

29/09/2023 06:21

** Shares of Australian iron ore miner and producer Fenix
Resources  FEX.AX  down 2.2% to A$0.225, marking its biggest
intraday pct fall since Sept. 22    
    ** Co says signed binding agreement with Terra Mining and
Extension Hill (buyers)
    ** Adds, transfer at consideration of up to A$2 mln ($1.29
mln)
    ** Agreement to transfer FEX's assets, liabilities, rights &
obligations of decommissioned Extension Hill hematite operation
from its unit Fenix Extension Hill to buyers
    ** Including day's losses, stock down 4.2% this year

($1 = 1.5487 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))