Fenix Resources posts record quarterly iron ore output in June 2026 quarter
2026-07-09 10:54:22 [Print]
Fenix Resources Limited, an Australian mining company, has released its quarterly report for the three months ended June 30, 2026. During the quarter, the company produced approximately 1.29 million wet metric tons (wmt) of iron ore, representing a 70.9% year-on-year increase and achieving a record high for the June quarter.
Fenix reported total FY26 iron ore sales of 4.4 million wmt, falling within its revised production guidance of 4.2-4.8 million wmt-up from the original guidance of 4.0-4.4 million wmt announced in July 2025. The record quarterly shipments underscore the continued successful production ramp-up, the scalability of the company's integrated pit-to-port model, and its resilience against diesel price and freight rate volatility.
Looking ahead, Fenix is targeting iron ore sales of 4.7-5.3 million wmt in FY27. The company said it will continue advancing the definitive feasibility study for its Weld Range project while maintaining operations at its existing integrated pit-to-port iron ore business.
Fenix reported total FY26 iron ore sales of 4.4 million wmt, falling within its revised production guidance of 4.2-4.8 million wmt-up from the original guidance of 4.0-4.4 million wmt announced in July 2025. The record quarterly shipments underscore the continued successful production ramp-up, the scalability of the company's integrated pit-to-port model, and its resilience against diesel price and freight rate volatility.
Looking ahead, Fenix is targeting iron ore sales of 4.7-5.3 million wmt in FY27. The company said it will continue advancing the definitive feasibility study for its Weld Range project while maintaining operations at its existing integrated pit-to-port iron ore business.
