FENIX Resources Ltd Quarterly Activities Report
Key points
- Beebyn Hub operations commenced with mining from W10 underway
- Record total material moved of 5,594k wmt
- Maiden Beebyn Hub Ore Reserve of 26.9 Mt at 60.0% Fe
- FY27 Guidance maintained at sales of 4.7Mt to 5.3Mt
- Zero Lost Time Injuries across all operations
Full summary
FENIX Resources Ltd (ASX: FEX) reported on activities during and subsequent to the quarter ended 30 September 2026. The company successfully transitioned to the Beebyn Hub, with mining from W10 underway and new long-term infrastructure substantially completed. The new 5Mtpa Crushing and Screening Plant was commissioned post-quarter end. Fenix shipped 1,097k wmt during the September Quarter across 18 vessels. The company announced a new Maiden Beebyn Hub Ore Reserve of 26.9 Mt at 60.0% Fe, providing more than five years of mine life at current production rates. The company also maintained its FY27 Guidance at sales of 4.7Mt to 5.3Mt and reported zero Lost Time Injuries across all operations.
Guidance
FY27 Guidance: Total iron ore sales of 4.7Mt to 5.3Mt at a C1 cash cost of A$70/wmt to A$80/wmt FOB Geraldton
Outlook
Fenix expects to consider a Final Investment Decision (FID) during 2028 for the proposed expansion to 10Mtpa.
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