Fenix Extends Iron Ore and Currency Hedging to 2027 to Support Growth Plan

An announcement from Fenix Resources Limited ( (AU:FEX) ) is now available.

Fenix Resources has extended its price protection strategy to June 2027 by hedging 1.32 million tonnes of iron ore at an average A$151.27 per tonne and adding US$105 million of Australian dollar call options to manage currency risk on US dollar–denominated sales. The expanded hedge and currency book are designed to lock in robust cash margins against a FY26 production target of 4.2–4.8 million tonnes at C1 costs of A$70–A$80/wmt, while preserving upside exposure to stronger iron ore prices and a weaker Australian dollar, thereby underpinning the company’s three-year plan to produce 15 million tonnes through FY28 and supporting the long-term growth case centered on the Weld Range expansion.

The most recent analyst rating on (AU:FEX) stock is a Hold with a A$0.49 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.

More about Fenix Resources Limited

Fenix Resources Ltd is an Australian iron ore producer focused on developing and operating high-grade, high-margin projects in Western Australia, with exports shipped through the port of Geraldton. The company is targeting annual iron ore production of up to 6 million tonnes by FY28 and is pursuing further expansion potential through its Weld Range Project, which could ultimately support a 10Mtpa operation at lower unit costs.

YTD Price Performance: 4.12%

Average Trading Volume: 1,594,183

Technical Sentiment Signal: Buy

Current Market Cap: A$376.2M

For a thorough assessment of FEX stock, go to TipRanks’ Stock Analysis page.