Fenix Resources LimitedASX: FEX

Drilling at Iron Ridge Project Provides Encouraging Results

· Issued by Fenix Resources Limited

Filed with ASX · · 18 pages · English

• The drill program completed with 3,534m of reverse circulation (RC) and 1,210m of diamond drilling conducted to increase the confidence level of the current Inferred Mineral Resource of 5Mt @ 64.1% Fe, 3.3% SiO2, 2.7% Al2O3, and 0.05% P and to test for extensions of the Mineral Resource. • Hole IR036 located 40m south-west of the Inferred Mineral Resource Block Model, intersected 46m @ 66.3% Fe

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