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Fenix Resources Limited
(Sydney:FEX)
Fenix Resources Limited (FEX) vs. S&P 500 (SPY)
Fenix Resources Limited Business Overview & Revenue Model
Fenix Resources Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 259.20M | 196.85M | 249.17M | 114.38M | 0.00 | Gross Profit |
| 59.83M | 34.37M | 66.97M | 62.81M | -1.39K | EBIT |
| 49.37M | 31.24M | 63.67M | 60.62M | -1.35M | EBITDA |
| 74.84M | 47.49M | 70.35M | 62.97M | -1.27M | Net Income Common Stockholders |
| 33.64M | 29.25M | 50.69M | 49.04M | -1.27M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 77.35M | 76.37M | 101.93M | 69.00M | 1.34M | Total Assets |
| 266.78M | 188.54M | 152.39M | 116.59M | 7.60M | Total Debt |
| 41.92M | 21.37M | 374.03K | 2.01M | 0.00 | Net Debt |
| -35.20M | -54.96M | -101.30M | -66.98M | -1.29M | Total Liabilities |
| 100.43M | 63.70M | 44.16M | 39.33M | 143.30K | Stockholders Equity |
| 166.34M | 124.84M | 108.22M | 77.26M | 7.45M |
| Cash Flow | Free Cash Flow | |||
| 42.24M | 12.18M | 55.38M | 50.43M | -2.92M | Operating Cash Flow |
| 68.49M | 16.28M | 62.29M | 65.30M | -660.00K | Investing Cash Flow |
| -40.14M | -13.75M | -5.44M | -17.47M | -2.26M | Financing Cash Flow |
| -26.95M | -28.24M | -24.03M | 20.02M | 0.00 |
Fenix Resources Limited Technical Analysis
Fenix Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $49.51B | 8.37 | 20.21% | 8.96% | -11.33% | -32.11% | |
75 Outperform | €218.64M | 15.28 | 8.27% | ― | 10.26% | -68.36% | |
75 Outperform | $158.57B | 10.71 | 21.04% | 7.72% | -0.10% | 15.50% | |
68 Neutral | $190.80B | 11.08 | 26.20% | 5.20% | -2.47% | 57.01% | |
61 Neutral | C$2.34B | 16.56 | 9.30% | 4.86% | -9.27% | -56.88% | |
56 Neutral | $359.76M | 56.60 | -35.86% | ― | -39.92% | -249.60% | |
56 Neutral | $6.99B | 3.67 | -4.87% | 5.88% | 0.18% | -49.70% |
Fenix Resources Limited Corporate Events
Fenix Resources Limited announced the cancellation of a previous proposal to issue securities due to an off-market takeover bid for CZR Resources Ltd becoming void. The cancellation was necessitated by the offer closing with unfulfilled defeating conditions, impacting the company’s strategic acquisition plans and market positioning.
Fenix Resources Limited announced the cancellation of a previous announcement regarding a proposed issue of securities. This cancellation is due to an off-market takeover bid for CZR Resources Ltd becoming void as the offer closed with unfulfilled defeating conditions. This development may impact Fenix Resources’ strategic operations and market positioning, as the takeover bid was a significant move in its expansion efforts.
Fenix Resources Limited has announced that it ceased to be a substantial holder in CZR Resources Ltd as of April 29, 2025. This change occurred due to the failure of Fenix’s off-market takeover bid for all ordinary shares in CZR, as the offer closed with unfulfilled conditions, impacting Fenix’s interests in CZR’s voting securities.
Fenix Resources Limited has initiated an off-market takeover bid to acquire all ordinary shares of CZR Resources Ltd. As of the latest update, Fenix holds a 14.99% voting power in CZR, with the offer still subject to certain conditions. This move is part of Fenix’s strategic efforts to enhance its position in the mining sector, potentially impacting stakeholders by expanding its resource base and market influence.
Fenix Resources Limited has announced that it will not exercise its matching rights in response to a superior proposal received by CZR Resources Ltd from North Mining Limited, Robe River Mining Co Pty Ltd, and Mitsui Iron Ore Development Pty Ltd. This decision follows CZR’s announcement of entering into transaction documents for the sale of its Robe Mesa Iron Ore Project for $75 million, leading to the termination of the Bid Implementation Agreement with Fenix and a break fee of $650,000.
Fenix Resources Limited, a company involved in the mining sector, has been engaged in an off-market takeover offer to acquire all ordinary shares of CZR Resources Ltd. However, CZR’s board has now unanimously recommended that shareholders reject this offer in favor of a superior proposal from the Robe River Joint Venture (RRJV), which includes a cash consideration of A$75 million for CZR’s Robe Mesa Iron Ore Project. This decision is based on the RRJV Transaction’s favorable terms, including a significant cash premium over the Fenix offer and the strategic advantage of retaining other valuable projects. The RRJV Transaction is subject to shareholder approval, with CZR’s largest shareholder, Mark Creasy, indicating support for the proposal.
CZR Resources Ltd, an Australian mining company, has accepted a superior acquisition offer from the Robe River Joint Venture (RRJV), a collaboration involving Rio Tinto and Mitsui, for its Robe Mesa Iron Ore Project. The deal, worth A$75 million, includes a cash consideration that allows CZR to retain its other projects and reduce exposure to volatile markets. The CZR Board recommends shareholders approve the RRJV transaction, which offers a significant premium over the previous offer from Fenix Resources Ltd, whose bid has now been terminated.
Fenix Resources Limited has decided not to counter the takeover proposal from CZR Resources Ltd, which received a superior offer from the Robe River Iron Associates Joint Venture for its Robe River tenements. Fenix’s decision reflects its strategic focus on existing growth opportunities within its Mid-West operations, maintaining its current takeover offer open until April 29, 2025. This move underscores Fenix’s disciplined approach to capital allocation and growth transactions, while continuing to target a production rate of 4 million tonnes per annum from its iron ore mines.
Fenix Resources Limited has announced an extension of its off-market takeover bid for all shares of CZR Resources Ltd. The offer period has been extended by seven days, with the new closing date set for 29 April 2025. This strategic move is part of Fenix’s efforts to acquire CZR Resources, potentially impacting its market position and stakeholder interests.
Fenix Resources Limited has increased its stake in CZR Resources Ltd from 13.89% to 14.97% through an off-market takeover bid. This acquisition, involving the exchange of 0.85 Fenix shares for every 1 CZR share, strengthens Fenix’s position in the market and indicates its strategic interest in expanding its influence within the mining sector.
CZR Resources Ltd has received a binding offer from the Robe River Joint Venture, comprising subsidiaries of Rio Tinto and Mitsui, to acquire its interest in the Robe Mesa Iron Ore project for A$75 million. This offer is considered superior to the previous proposal from Fenix Resources Ltd due to its favorable cash terms, which will allow CZR to develop its other projects without the need for additional capital raising and reduce exposure to volatile markets.
Fenix Resources Limited has commenced construction at its new Beebyn-W11 Iron Ore Mine in the Weld Range, marking the company’s third mining operation in the Mid-West. The project includes developing infrastructure and a private haul road to connect with existing operations, aiming to boost total production to 4 million tonnes per annum by 2025. The Beebyn-W11 mine, with a planned production rate of 1.5 million tonnes per annum, is expected to begin production in the September 2025 quarter. This development is part of Fenix’s strategy to enhance its market position by leveraging high-quality iron ore deposits and integrated transport solutions.
Fenix Resources Limited has awarded a mining contract to MACA Limited for its new Beebyn-W11 Iron Ore Mine, marking a significant step towards reaching a production rate of 4 million tonnes per annum in 2025. The project, located near Fenix’s existing Iron Ridge operations, is set to commence site works in June 2025, with first production expected by September 2025. The development includes constructing a strategic haul road, enhancing logistical efficiency and compliance with environmental and cultural heritage commitments.
Fenix Resources Limited has announced that it has received acceptances for 10.04% of CZR Resources Ltd’s shares as part of its conditional off-market takeover bid. This acquisition is part of Fenix’s strategic expansion efforts, potentially enhancing its market position and operational capabilities in the iron ore sector. The company will continue to update the market on its progress, reflecting its commitment to transparency and regulatory compliance.
CZR Resources Ltd has received a non-binding, indicative, and conditional takeover proposal from Gold Valley Iron Ore Pty Ltd, which seeks to acquire all CZR shares for cash consideration via an on-market takeover bid. However, the proposal is subject to conditions such as financing and the termination of an existing agreement with Fenix Resources Ltd. The CZR Board has determined that the Gold Valley proposal does not constitute a superior offer compared to the binding offer from Fenix, which the board continues to recommend to shareholders.
CZR Resources Ltd has announced that its directors unanimously recommend shareholders accept a takeover offer from Fenix Resources Ltd. The offer involves an increased consideration of 0.98 Fenix shares for each CZR share, valued at $0.30 per share, contingent upon Fenix obtaining a 75% interest in CZR shares by March 21, 2025. The directors have committed to accepting the offer for shares they own or control, provided no superior proposal emerges. The offer is set to close on April 8, 2025, unless extended.
Fenix Resources Limited has increased its voting power in CZR Resources Ltd from 5.08% to 6.14% through an off-market takeover bid. This acquisition is part of Fenix’s strategic move to expand its influence and stake in CZR, potentially impacting the market dynamics and stakeholder interests in the mining sector.
Fenix Resources Limited announced the cessation of 1,279,773 performance rights due to the lapse of conditional rights that were not met. This development may impact the company’s capital structure and could have implications for its stakeholders, reflecting the challenges in meeting performance conditions.
Fenix Resources Ltd has announced a proposed issue of securities, which includes the issuance of 11,039,420 replacement Fenix Options and 2,996,207 replacement Fenix Performance Rights. This move is part of a placement or other type of issue, with the proposed issue date set for April 15, 2025. This announcement may impact the company’s operations by potentially increasing its capital base, which could be used for further expansion or operational improvements, thereby influencing its market positioning and stakeholder interests.
Fenix Resources Limited has announced the execution of Option Cancellation Deeds and Performance Right Cancellation Deeds with nearly all CZR option holders and all CZR performance right holders as part of its off-market takeover bid to acquire all shares of CZR Resources Ltd. This agreement allows CZR shareholders to receive Fenix shares in exchange for their CZR shares, with an increased offer if Fenix acquires a 75% interest in CZR shares by a specified date. The takeover bid, supported by CZR’s directors and major shareholder, is expected to enhance Fenix’s market position and influence in the mining sector.
Fenix Resources Limited has increased its stake in CZR Resources Ltd, raising its voting power from 4.22% to 5.08% through an off-market takeover bid. This acquisition is part of Fenix’s strategic efforts to consolidate its position and expand its influence within the market, potentially impacting stakeholders by altering the competitive dynamics and ownership structure of CZR Resources.
Fenix Resources Limited has increased its voting power in CZR Resources Ltd from 2.76% to 4.22% following the acceptance of its off-market takeover bid. This strategic move, involving the acquisition of additional shares, is part of Fenix’s broader strategy to strengthen its position in the mining sector by potentially increasing its stake in CZR Resources, thereby enhancing its influence and operational capacity within the industry.
Fenix Resources Limited has increased its stake in CZR Resources Ltd to 2.76% through an off-market takeover bid. This acquisition is part of Fenix’s strategic efforts to expand its influence and control within the iron ore sector, potentially impacting its market positioning and offering new opportunities for stakeholders.
Fenix Resources Limited has secured key approvals for its Beebyn-W11 Iron Ore Project, including a Mining Proposal approval from the Department of Energy, Mines, Industry Regulation and Safety, and a Cultural Heritage Agreement with the Wajarri Yamaji Aboriginal Corporation. These approvals allow Fenix to commence development activities, with first ore shipment expected in the September 2025 quarter. The project is anticipated to significantly boost Fenix’s production capacity, aiming for an annual rate of 4 million tonnes during 2025, enhancing its market positioning and stakeholder value.
Fenix Resources Limited announced a change in the director’s interest, with John Paul Welborn acquiring 250,000 additional shares through an on-market trade, increasing his total holdings to 21,000,000 shares. This acquisition reflects a strategic move by the director to strengthen his stake in the company, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions positively.
Fenix Resources Limited announced a change in the director’s interest, with John Paul Welborn acquiring an additional 250,000 fully paid ordinary shares through an on-market trade. This acquisition increases his total holdings to 20,750,000 shares, reflecting confidence in the company’s future prospects and potentially impacting stakeholder perceptions positively.
Fenix Resources Limited has announced the completion of dispatching its bidder’s statement for an off-market takeover bid to acquire all ordinary shares of CZR Resources Ltd. This strategic move aims to expand Fenix’s resource base and strengthen its market position in the mining sector, potentially impacting stakeholders by increasing the company’s operational scale and market influence.
Fenix Resources Limited has announced an off-market takeover bid for all ordinary shares of CZR Resources Ltd, marking a significant move in its strategic expansion efforts. This acquisition could potentially enhance Fenix’s market presence and operational capabilities, impacting stakeholders by potentially increasing shareholder value and expanding the company’s resource base.
Fenix Resources Ltd has initiated an off-market takeover bid for CZR Resources Ltd, offering shareholders 0.85 Fenix shares for every CZR share, with a potential increase to 0.98 shares if Fenix secures a 75% interest by March 21, 2025. The CZR board unanimously recommends shareholders accept the offer, highlighting its strategic importance and potential benefits for stakeholders.
Fenix Resources Limited has released its corporate directory and financial statements, detailing its executive team and financial performance. The release includes the company’s financial position, profit or loss statements, and auditor’s review, providing stakeholders with insights into its current financial health and operational status.
Fenix Resources Limited reported a slight increase in revenue by 3% for the half-year ended December 2024 compared to the previous year. However, the company’s net profit saw a significant decline of 92%, attributed to various operational challenges. Despite this, Fenix remains committed to its dividend policy, aiming to reward shareholders when conditions are favorable, and continues to focus on maintaining a robust financial position.
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.