Fenix Resources (ASX:FEX) has provided an update on production from the December 2025 quarter, having shipped a record 1.2 million wet metric tonnes (wmt) of iron ore.
This shipment record resulted in $79 million cash on hand, representing a cash build of $21 million net of capital expenditure, debt repayments, and tax costs for the quarter ending December 2025.
The performance from this last quarter equates to an annual production run-rate of around 4.9 million tonnes per annum (Mtpa). Fenix notes that this showcases the scalability of their integrated mining and logistics operations.
The quarterly results are a product of optimised mining operations across Fenix’s Mid-West iron ore assets, more efficient haulage operations via the company’s wholly owned subsidiary, Newhaul, and the streamlined Newhaul port operations at Geraldton.
Fenix has reconfirmed their guidance for FY26 for total iron sales between 4.2 – 4.8 million tonnes.
Fenix Resources is a fully integrated mining, logistics, and port services businesses focused on iron ore in Western Australia.
Write to Amy Rotman at Mining.com.au
Images: Fenix Resources
