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Fenix Resources Ltd (ASX:FEX)

ALERT: Price-sensitive ASX Announcement for FEX
Current share price for FEX : $0.260 -0.01 (-3.70%)+
Announcement
Release
20 Jul 2026 8:31AM
Price at Release
$0.270
Full Release
download
Summary
Fenix Resources Ltd has secured key regulatory and environmental approvals for the Beebyn-W10 iron ore mine, located adjacent to the existing Beebyn-W11 mine, as part of the Weld Range Iron Ore Project in Western Australia. This development is a crucial component of Fenix's 3-Year Production Plan aimed at achieving up to 6 million tonnes per annum by FY28. The Beebyn Hub, consisting of Beebyn-W10 and Beebyn-W11, will commence production shortly, with the first shipment expected by December 2026. These approvals, including the Mining Development and Closure Proposal and Native Vegetation Clearing Permit, facilitate the project's expansion, supported by partnerships with the Wajarri Yamaji people and companies like Sinosteel. Fenix is focused on ramping up production capacity and achieving economies of scale, with a long-term goal to increase production to 10 million tonnes per annum by 2031.
Key Points
  • Fenix Resources Ltd has obtained critical regulatory and environmental approvals for the Beebyn-W10 iron ore mine.
  • Beebyn-W10, adjacent to Beebyn-W11, is part of Fenix's Weld Range Iron Ore Project.
  • The establishment of the Beebyn Hub will support Fenix's 3-Year Production Plan to achieve up to 6Mtpa by FY28.
  • Ore production at Beebyn-W10 is expected to start in the current quarter with the first shipment planned for December 2026.
  • The approvals include a Mining Development and Closure Proposal and a Native Vegetation Clearing Permit.
  • Partnerships with traditional landowners, the Wajarri Yamaji people, and corporations like Sinosteel are crucial to the project's success.
  • Fenix aims to expand the Beebyn Hub’s production capacity from 1.5Mtpa to 3.0Mtpa.
  • The Weld Range Project is a key component in Fenix’s long-term strategy to increase production to 10Mtpa by 2031.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.