Fenix Resources Limited (AU:FEX) has released an update.
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Fenix Resources Limited has extended its iron ore hedge book to June 2025, securing contracts for 120,000 tonnes at A$152 per tonne. This strategic move capitalizes on stable iron ore prices and a weaker Australian dollar, ensuring a positive cashflow margin while maintaining exposure to spot prices. Fenix’s diversified operations, including its flagship Iron Ridge Mine, position the company for future growth in Western Australia’s iron ore sector.
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