ASX-listed Fenix Resources has struck an agreement with Atlas Iron under which Atlas would market 50% of the proposed iron-ore produced at the Iron Ridge project, in Western Australia.
Fenix in 2016 acquired the Iron Ridge project from a wholly owned subsidiary of Atlas Iron, with the transaction providing Atlas a first right of refusal to act as the exclusive marketing agent for up to 50% of the iron-ore to be mined and sold from the project, subject to it meeting commercial terms.