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An announcement from Fenix Resources Limited ( (AU:FEX) ) is now available.
Fenix Resources Limited has expanded its iron ore hedge book to 880,000 tonnes at an average price of A$154.91 per tonne, securing additional contracts for 300,000 tonnes from July to December 2025. This move aligns with their Price Protection Policy, ensuring positive cash flow and exposure to spot prices, supporting their production increase to 4 million tonnes annually. The hedging strategy is underpinned by consistent production from existing and new projects, including the Iron Ridge and Shine mines, and the upcoming Beebyn-W11 Iron Ore Project.
More about Fenix Resources Limited
Fenix Resources Limited is a fully integrated mining, logistics, and port services business in Western Australia, aiming for an annual production rate of 4 million tonnes of iron ore in 2025. The company operates the Iron Ridge Iron Ore Mine, the Shine Iron Ore Mine, and plans to commence production from the Beebyn-W11 Iron Ore Project. Fenix owns Newhaul Road Logistics and Newhaul Port Logistics businesses, providing comprehensive transport and storage solutions.
YTD Price Performance: 23.33%
Average Trading Volume: 3,556
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €137.3M
Find detailed analytics on FEX stock on TipRanks’ Stock Analysis page.