Fenix Resources (ASX: FEX) is a highly profitable, fully integrated mining, logistics and port services business with assets in the Mid-West region of Western Australia.
Fenix operates a unique fully integrated mining and logistics business. High quality iron ore products are transported by road to Geraldton using the Company’s 100% owned Newhaul Road Logistics business. Fenix’s wholly owned Newhaul Port Logistics business operates its own loading and storage facilities at the Geraldton Port, with storage capacity of more than 400,000 tonnes and loading capacity of more than 5 million tonnes per annum.
Fenix’s diversified Mid-West iron ore, port and rail asset base provides an excellent foundation for future growth. These assets include the Iron Ridge mine, the Beebyn-W11 Deposit, the Twin Peaks Iron Ore Mine, the Shine Iron Ore Mine, the Newhaul Road Logistics haulage business which includes a state-of- the-art road haulage fleet, two rail sidings at Ruvidini and Perenjori, as well as the Newhaul Port Logistics business that operates three on-wharf bulk material storage sheds at the Geraldton Port.
The Company’s 100% owned, flagship Iron Ridge Iron Ore Mine is a premium high grade, high margin, direct shipping iron ore operation located approximately 360km northeast of Geraldton that hosts some of the highest-grade iron ore in Western Australia. Production commenced at Iron Ridge in December 2020 and is currently operating at the production run rate of 1.4 million tonnes per annum. Fenix will substantially increase its production profile with the addition of the tonnes from the Shine Iron Ore Mine restart and the 1.5 million tonnes per annum Beebyn-W11 Project, due to be in production in late 2024 and early 2025 respectively.
The Company is led by a proven team with deep mining and logistics experience and benefits from strategic alliances and agreements with key stakeholders, including the Wajarri Yamaji people who are the Traditional Custodians of the land on which Fenix is currently operating. Fenix is focused on promoting opportunities for local businesses and the community. The Company has generated more than 200 local jobs. Fenix is proud to have a strong indigenous representation in the Company’s workforce and to be in partnership with leading local and national service providers. We acknowledge the Wajarri Yamaji people as the Traditional Custodians of the land our Iron Ridge Project is located on. We pay our respects to elders and leaders past, present and emerging.
Our Mission
Our mission is to create long term value in the resource landscape of the Mid-West of Western Australia. We aim to achieve this by delivering integrated, sustainable solutions that meet today’s demands and anticipate tomorrow’s needs. Our dedication to innovation and sustainability drives our commitment to excellence in every aspect of our operations.
“Fenix is committed to an exciting growth path to expand our high-grade, high-margin iron ore mining operations in the Mid-West and build a highly profitable multi-commodity logistics business. Our unique road, rail and port infrastructure provide an advantage which enables the efficient monetisation of high-quality regional deposits, which for too long have been stranded.
Our strategic intent remains clear: to expand our ore inventories, maintain the quality of our operations, materially boost production to enable cost reduction, and significantly grow our multi-commodity logistics and port services business. These activities are focused on building revenues to generate strong profit margins to reward our shareholders.”
John Welborn
Innovation at Our Core
Innovation is the heartbeat of Fenix. Our continuous pursuit of excellence propels us forward, demanding that we explore and optimise new mining, logistics and port efficiencies, technology and opportunities.
Sustainability: Our Commitment
Sustainability is woven into the fabric of our operations. From minimising our environmental footprint to actively engaging with communities and upholding the highest standards of corporate governance, our approach is genuine, holistic and forward-thinking. We believe in creating value that endures for our stakeholders and the planet.
Join Us
We invite you to learn more about our journey, achievements and aspirations as we continue to grow and evolve. Discover how we’re redefining the resource industry and how you can join this exciting journey.
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