Aug 08, 2023 / 02:00AM GMT
John Welborn - Fenix Resources Limited - Chairman
Thanks very much. And great to be beaming in from Kalgoorlie, not too far away from Fenix's home ground in the Mid-West. And it's always interesting, as Tara says, to come to these meetings and get a pulse on the industry and the broader landscape of mining. And I think she has described the atmosphere well here, a lot of focus on energy transition and particularly on battery metals.
Which brings me to the exciting, unique nature of Fenix, where a success story in the Mid-West. It strikes me as interesting that in Western Australia, the state government will benefit from $13 billion this year from mining royalties. About $400 million of that will be from gold and about $900 million will be from lithium. So already battery metals doubling the state government's royalty revenues from the gold mining industry.
Iron ore will be $10 billion. It dominates the Western Australian mining scene, both in terms of royalties to the state government, but also in terms of income tax, deployed capital, employment and almost every single factor. And we're
Fenix Resources Ltd Investor Webinar Transcript
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