In today’s briefing:
- Fenix Resources Ltd – Building blocks made of WA iron
- Gti Resources Ltd – Scoping uranium pounds in the USA
- Kaiser Reef Ltd – Becoming a Bigger East Coast Gold Producer
- Legacy Minerals Holdings Ltd – Multiple Plays on NSW Exploration Success
Fenix Resources Ltd – Building blocks made of WA iron
- Fenix Resources (ASX:FEX) is a junior iron ore producer based in the Midwest region of Western Australia (WA).
- FEX has been producing iron ore from the Iron Ridge project since 2020 with a total of 5.7Mt produced to date.
- Going forward, FEX is planning to expand its production rate from ~1.3Mtpa to 4.0Mtpa by the end of CY25 through the ramp-up of production at the recently restarted Shine Mine and the currently under construction mine at Beebyn-W11.
Gti Resources Ltd – Scoping uranium pounds in the USA
- GTI Energy Ltd (ASX:GTR) is focused on the development of three uranium projects located across Wyoming and Utah, USA.
- Lo Herma (Wyoming) is the current flagship project for the company.
- The company’s Wyoming projects are amenable to in-situ recovery (ISR) with GTR progressing a scoping study at the Lo Herma project which is evaluating the economic feasibility of a potential ISR mining operation.
Kaiser Reef Ltd – Becoming a Bigger East Coast Gold Producer
- Kaiser Reef Ltd (ASX:KAU) is undergoing a transformation as it acquires the Henty Gold mine from Catalyst Minerals (ASX:CYL) which should drive a step change in the production profile of the company from <12kozpa to 37kozpa (proforma) with scope to increase to 50kozpa+ in the medium term.
- Post the funding package completed alongside the acquisition, KAU has $27.2m in cash which can support the incremental investments into its mining operations to achieve the stated production targets.
- Post the Henty Gold acquisition, Kaiser Reef Ltd (ASX:KAU) has the potential to become a 50kozpa+ producer over the medium term with 30kozpa+ from the Henty mine and 20kozpa+ from the A1 Gold mine.
Legacy Minerals Holdings Ltd – Multiple Plays on NSW Exploration Success
- Legacy Minerals Holdings Ltd (ASX:LGM) is a prospect generator and exploration company with a portfolio of projects across NSW.
- Overall, LGM has nine projects whereby four are under joint venture with other major and junior explorers which provide additional funding to increase the level of concurrent exploration activity across its projects.
- Like 2024, 2025 is set to be another productive year for LGM with multiple, funded, high-impact drill programmes aiming to make a significant discovery in addition to progressing development options at Drake.
Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
Unlock all research summaries