• Record 1.2 million wet metric tonnes shipped in December quarter
• A$79 million in cash at bank, representing a cash build of A$21 million
• FY26 guidance reconfirmed at 4.2Mt to 4.8Mt total iron ore sales

Fenix Resources Ltd (ASX: FEX) is pleased to provide a production update for the December 2025 Quarter (December Quarter). The company shipped 1,241k wet metric tonnes (wmt) in 21 vessels during the December Quarter, representing the highest quarterly shipment volume in the Company's history and marking the Company's first one million tonne production quarter. This milestone performance equates to an annualised production run-rate of approximately 4.9 million tonnes per annum (Mtpa), demonstrating the efficient scalability of Fenix's integrated mining and logistics operations. The strong result reflects optimised mining operations, efficient haulage through the Company's wholly-owned Newhaul logistics subsidiary, and streamlined Newhaul port operations at Geraldton Port. Fenix's cash at bank position as at 31 December 2025 was A$78.9m, representing an increase of A$21.2m from the 30 September 2025 balance of A$57.7m. This substantial improvement in the Company's cash position is net of December Quarter capital expenditure, debt repayments and taxation costs and was driven by increased production volumes from the record 21 shipments which were delivered into a strong iron ore price environment. Fenix reconfirms the Company's upgraded FY26 guidance, as announced on 11 December 2025, for total iron ore sales of 4.2Mt to 4.8Mt. Total shipments for the first half of FY26 total 2,127k wmt, positioning the Company to achieve full-year guidance subject to normal market conditions and no unforeseen operational disruptions.

Fenix reconfirms the Company's upgraded FY26 guidance for total iron ore sales of 4.2Mt to 4.8Mt.