AI assistant
FENIX RESOURCES LTD — Interim / Quarterly Report 2018
Oct 30, 2017
64910_rns_2017-10-30_7801eb17-6f1b-4e30-8e9f-1f662935fb61.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
ASX QUARTERLY ACTIVITIES REPORT for the Period Ending 30 September 2017
REVIEW OF PROJECTS
During the September quarter Emergent Resources Limited ( EMG or the Company ) continued to assess and evaluate new project opportunities.
In addition the Company advised of its intention to relinquish the iron ore, vanadium and manganese rights on the Beyondie Iron Ore Project tenement (E52/2215) ( Beyondie Rights ) pursuant to the joint venture agreement with the registered holder of the tenement De Grey Mining Ltd.
As the Beyondie Rights constitute the Company’s main undertaking pursuant to ASX Listing Rule 11.2, it intends to seek shareholder approval to dispose of its 80% interest in the Beyondie Rights. A notice of meeting to approve the disposal of the Beyondie Rights has not be dispatched as the Board evaluates the most appropriate timing to seek shareholder approval.
TENEMENT SCHEDULE
The Company’s interests in tenements is as follows:
| Location | Project | Tenement No. | Interest |
|---|---|---|---|
| Western Australia | Beyondie | E52/2215 | 80% interest in Iron Ore, Vanadium and |
| Manganese (20% De Grey Mining | |||
| Limited) |
For further information please contact the Company on:
Bevan Tarratt Non-Executive Director (T) 08 9486 4036 (e) [email protected]