• Record iron ore shipments of 760k wmt
• Costs down, performance up at Iron Ridge and Shine mines
• Beebyn-W11 mine commenced production, on track for 4Mtpa in 2025

Fenix Resources Ltd delivered a strong operational and strategic performance during the June 2025 quarter, highlighted by record iron ore shipments of 760k wmt across 13 vessels. The company achieved key milestones, including shipping 6 million tonnes from the Iron Ridge mine and 1 million tonnes from the Shine mine since operations began. Cost performance improved at both the Iron Ridge and Shine mines, with C1 cash costs reducing to A$71.6/wmt and A$51.8/wmt, respectively. Mining activities commenced at the new Beebyn-W11 mine in June 2025, with the private haul road completed in July and the first shipment expected in August. Fenix's integrated logistics and port operations continued to support the increase in production, with 806k wmt hauled and 760k wmt shipped during the quarter. The company's strong cash position of A$56.8 million as of June 30, 2025, enabled funding for growth initiatives, including the Beebyn-W11 mine, fleet expansion, and property developments. Fenix remains on track to achieve its targeted production rate of 4Mtpa during 2025, marking a transition to a diversified three-mine producer with enhanced operational resilience.

Fenix is targeting a production rate of 4Mtpa during the 2025 financial/calendar year.

Fenix remains focused on achieving its 4Mtpa production target in 2025, leveraging its diversified three-mine portfolio and integrated logistics and port operations to drive sustainable growth.