Fenix Resources reports 83% surge in iron ore shipments for FY 2025-26
2026-08-27 11:10:45 [Print]
Australian iron ore producer Fenix Resources has announced a record annual performance, with iron ore shipments climbing 83% year-on-year to 4.4 million tonnes for the financial year ended June 30, 2026. The company attributed the strong growth to increased mining and haulage capacity, alongside enhanced coordination across its integrated pit-to-port supply chain.
During the same period, Fenix mined 3.98 million tonnes of iron ore and hauled 4.42 million tonnes, marking increases of 53% and 74% respectively.
In terms of product composition, lump ore shipments surged 84% year-on-year to 1.99 million tonnes, while fines shipments rose 82% to 2.41 million tonnes.
Looking ahead, the company noted that the commissioning of its Beebyn-W11 mine, combined with the acquisition of mining rights for the 290-million-tonne Weld Range project, has reinforced its expansion strategy. Fenix is targeting an annual production rate of up to 6 million tonnes by FY 2027-28, with a feasibility study currently underway to evaluate a longer-term increase to 10 million tonnes per year.
For the current financial year (FY 2026-27), Fenix expects iron ore sales to range between 4.7 million and 5.3 million tonnes. Additionally, the company's new 5-million-tonne-per-annum crushing and processing plant at the Beebyn Hub is scheduled to commence operations in the second quarter of this financial year.
During the same period, Fenix mined 3.98 million tonnes of iron ore and hauled 4.42 million tonnes, marking increases of 53% and 74% respectively.
In terms of product composition, lump ore shipments surged 84% year-on-year to 1.99 million tonnes, while fines shipments rose 82% to 2.41 million tonnes.
Looking ahead, the company noted that the commissioning of its Beebyn-W11 mine, combined with the acquisition of mining rights for the 290-million-tonne Weld Range project, has reinforced its expansion strategy. Fenix is targeting an annual production rate of up to 6 million tonnes by FY 2027-28, with a feasibility study currently underway to evaluate a longer-term increase to 10 million tonnes per year.
For the current financial year (FY 2026-27), Fenix expects iron ore sales to range between 4.7 million and 5.3 million tonnes. Additionally, the company's new 5-million-tonne-per-annum crushing and processing plant at the Beebyn Hub is scheduled to commence operations in the second quarter of this financial year.
