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Anax Metals Limited (ASX:ANX)
ALERT: Price-sensitive ASX Announcement for ANX
Current share price for ANX : $0.031 0 (0%)+
Release
27 Jul 2026 9:26AM
Price at Release
$0.031
Full Release
Summary
Anax Metals Limited has commenced the Front-End Engineering Design (FEED) for its Whim Creek Copper Project, marking a critical step towards the project's development. This follows a positive Definitive Feasibility Study (DFS) update earlier in 2026, which underscored robust project economics. The FEED process aims to refine project design and improve cost estimates, supporting a targeted Final Investment Decision (FID) in the fourth quarter of the 2026 calendar year. An Integrated Project Team, incorporating expertise from various engineering and technical partners, will lead the FEED program. Anax is actively engaging with financing and strategic partners to advance project funding, with site visits and due diligence underway.
Key Points
- Commencement of FEED for Whim Creek Project.
- FEED supports Final Investment Decision in Q4 CY2026.
- Positive DFS update with robust project economics.
- Integrated Project Team model for FEED execution.
- Active engagement with potential financing partners.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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