Fenix Resources Adds 300,000 Tonnes Iron Ore Hedging Contracts; Shares Down 7%

MT Newswires Live

2025/02/25

Fenix Resources (ASX:FEX) secured 300,000 tonnes of additional iron ore hedging contracts between July 2025 and December 2025, according to a Tuesday filing with the Australian bourse.

This brings the company's iron ore hedge book to 880,000 tonnes structured as 80,000 tonnes per month from February to December at an average price of AU$154.91 per tonne, according to the filing.

The integrated mining services provider said it is on track to triple its production rate to 4 million tonnes per annum within the year.

Fenix Resources' shares were down 7% in recent trade.

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