Fenix Resources Unveils Three-Year Production Plan; Shares Up 15%
MT Newswires Live
Dec 11, 2025
Fenix Resources (ASX:FEX) unveiled its targeted three-year plan, which will see the company boost production from the Weld Range project in Western Australia, according to a Thursday filing with the Australian bourse.
Implementation of the plan is expected to result in production of 4.2 million tonnes to 4.8 million tonnes in fiscal 2026, 4.7 million tonnes to 5.3 million tonnes in fiscal 2027, and 5.4 million tonnes to 6 million tonnes in fiscal 2028, the filing said.
The plan will also see the company complete mining at the Iron Ridge mine and the Shine mine, both located in Western Australia, according to the filing.
Shares rose 15% in morning trade on Thursday.
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