Fenix Resources Limited Acquires CZR Resources Limited

Fenix Resources Limited (FEX) has announced a takeover of CZR Resources Limited (CZR), a deal that combines the operational expertise of FEX in the Mid-West with the large-scale Pilbara assets of CZR.

Key Details of the Acquisition

• The acquisition combines FEX’s proven operational excellence in the Mid-West with CZR’s Pilbara assets.
• The deal creates a significant and fully integrated Western Australian iron ore business.
• The takeover is backed by CZR’s largest shareholder, Mark Creasy.

Impact of the Deal

The acquisition is expected to create a new player in the iron ore market, with the combined entity set to become a major force in the Western Australian iron ore industry.

Company Information

• Fenix Resources Limited (FEX) is a publicly listed company.
• CZR Resources Limited (CZR) is a publicly listed company.
• Mark Creasy is the largest shareholder of CZR Resources Limited.