But the problem only provides info for the iron half rxn.
Fe3+ + e -> Fe2+ E(0) = 0.77 V
E1 = E(0) + (RT/nF)ln([oxidized]/[reduced])
E1 = 0.77 + (.0591/1)log(.006/.0005)
for the fe3+/fe2+ couple
E1 = 0.77 + .0591(1.08) = 0.83 V
Details on the other half rxn must be assumed based on the described "acid mine water".
Assuming PH = 4 for acidity and an oxygen partial pressure of 0.22 atm:
4H+ + O2 + 4e -> 2H2O E(0) = 1.23 V
E2 = E(0) + (.0591/n)log([H+]^4 [pO2])
E2 = 1.23 + (.0591/4)log(.0001^4 (0.22))
E2 = 1.23 - .21 = 1.02 V
For the system:
4H+ + O2 + 4Fe2+ -> 4Fe3+ + 2H2O
E solution = E2 - E1 = 1.02 - (0.83) = 0.19 V