Fenix Resources FY26 Production Update and FY27 Guidance
Key points
- Record June 2026 Quarter production of 1.3 million wet metric tonnes (wmt) shipped
- FY26 production guidance achieved with 4.4 million wmt shipped
- FY27 guidance: Fenix targeting total iron ore sales of 4.7Mt to 5.3Mt
Full summary
Fenix Resources Ltd (ASX: FEX) reports a record production for the June 2026 quarter, with 1.299 million wet metric tonnes (wmt) shipped, a 33% increase from the March 2026 quarter. The company achieved its FY26 production guidance with 4.4 million wmt shipped, within the revised guidance range of 4.2Mt to 4.8Mt. Fenix is targeting total iron ore sales for FY27 of 4.7Mt to 5.3Mt, with a C1 cash cost of A$70/wmt to A$80/wmt FOB Geraldton. The company's strong financial position is reflected in A$81.0 million in cash at bank as at 30 June 2026, post June quarter capital expenditure, debt repayments, and taxation payments.
Guidance
FY27 guidance: Fenix targeting total iron ore sales of 4.7Mt to 5.3Mt
Outlook
Fenix is targeting total iron ore sales during FY27 of 4.7 to 5.3Mt at a C1 cash cost of between A$70/wmt and A$80/wmt FOB Geraldton.
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