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An announcement from Fenix Resources Limited ( (AU:FEX) ) is now available.
Fenix Resources Ltd has extended its iron ore hedging contracts, securing an additional 180,000 tonnes between October 2025 and June 2026, bringing the total hedged volume to 580,000 tonnes at an average price of A$154.38 per tonne. This strategic move aligns with the company’s Price Protection Policy, ensuring positive cash flow margins while maintaining exposure to spot prices. The expanded hedge book reflects consistent production from existing mines and growth from the new Beebyn-W11 Iron Ore Mine, with first shipments expected this quarter.
The most recent analyst rating on (AU:FEX) stock is a Buy with a A$0.44 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 a fully integrated mining, logistics, and port services business based in the Mid-West region of Western Australia. The company focuses on iron ore production, targeting an annual output of 4 million tonnes. Fenix operates several iron ore mines, including the Iron Ridge, Shine, and Beebyn-W11 projects. The company also owns Newhaul Road Logistics and Newhaul Port Logistics, which manage transportation and storage facilities at Geraldton Port, supporting its mining operations.
Average Trading Volume: 818,338
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$229.8M
Find detailed analytics on FEX stock on TipRanks’ Stock Analysis page.