• Strategic acquisition of Weld Range Iron Ore Projects expands regional land package
• Includes near mine opportunities for discovery of new high-grade iron ore
• New tenements provide logical opportunities for resource expansion near existing operations

Fenix Resources Limited (ASX: FEX) has announced the acquisition of two new tenements in the Weld Range, including the historic Beebynganna Hills Iron Ore Project and the Beebyn North exploration tenement. The Beebynganna Hills project, located approximately 18 km southeast of Fenix's Iron Ridge mine, was previously explored by Giralia Resources NL and identified hematite grading up to 65% Fe. The Beebyn North tenement, located 14 km northeast of Fenix's Beebyn-W11 deposit, is situated within the Weld Range greenstone belt and has also returned rock chip samples up to 63% Fe. These new near-mine exploration assets expand Fenix's strategic holdings in the region and provide additional opportunities to identify high-grade satellite iron ore deposits with access to the existing infrastructure at Iron Ridge and Beebyn-W11. Fenix plans to commence a regional evaluation of the historic exploration work on the expanded Weld Range portfolio in 2025, with the objective of validating and mapping potential hematite targets and planning an exploration drilling program aimed at resource definition.

Fenix expects to increase annualised production from 1.3 million tonnes to 4 million tonnes in 2025.

Fenix is committed to unlocking the full potential of the Weld Range's iron ore assets to support its plans for continued production growth.