Investor Centre
Welcome to the Investor Centre of Fenix (ASX:FEX), your comprehensive source for information on our financial performance, strategic direction, and investment opportunities. We aim to provide transparency and insight into our operations and plans, supporting our current and potential investors in making informed decisions.
2024 FORWARD PLAN
Profit from Mining
- Maintain production of premium high-grade products
- Ongoing C1 cost reduction
- Focus on generating +$50/t operating margins
Increase Iron Ore
Production
- Extend 1.3Mtpa operates at Iron Ridge
- Recommence Shine Iron Ore Mine operations with first ore production targeted for Dec. Q’24
- Commission Beebyn-W11 (targeting approvals and mine construction in late 2024)
- Multiple options for additional iron ore production growth
Expand Third Party Logistics and Port Services
- Diversification of revenue base by providing logistics port services to Mid-West producers
- Multi-commodity focus Gold Valley (1Mtpa) and CuFe Ltd (1.4Mtpa) existing customers
Secure Further Growth Opportunities
- Strong balance sheet capable of funding further growth transactions, new mine construction, expansion of logistics capabilities
- Focus on revenue and profit growth to reward shareholders
“Fenix remains totally committed to deliver on our exciting pipeline of growth projects, all of which can be funded from our existing cash reserves. Our ambition is to be mining at a rate of 4 million tonnes per annum in early 2025. We continue to investigate opportunities to grow our production base, extend the mine life of our existing projects, and generate exceptional returns for our shareholders.”
John Welborn