Fenix Resources | MarketTalk Sydney Natural Resources Matinee Presentation

Fenix Resources #FEX | John Welborn | MarketTalk Sydney
MarketTalk is an investor event series that brought together seven ASX-listed resource developers and producers for an afternoon of presentations on 6 May at Sydney’s Hubert Theatre Royale.
Watch the presentation Fenix Resources' Executive Chairman, John Welborn gave at the institutional investor event.
ABOUT FENIX RESOURCES
Fenix Resources Limited is a profitable iron ore producer that operates the Iron Ridge mine that produces 1.3Mtpa of iron ore that is developing more two more pillars to its business.
During the first half of FY2024, the company’s operations delivered record revenue of $126.9m, up 49% from the previous corresponding period, EBITDA of $42.8m - up 110% pcp, and net profit after tax of $22.1m, up 102% pcp.
However, the company is also expanding into new operations with its own haulage fleet and port infrastructure base in Geraldton. FEX is providing port and haulage services for Midwest iron ore producers CuFe (ASX:CUF) and private company Gold Valley.
We have signed up other Midwest iron ore producers CuFe - an ASX listed company - and Gold Valley - a private company, and we are doing port services and haulage services for those two customers.
Separately, the company has negotiated a 10Mt right to mine on SinoSteel’s W11 Beebyn deposit that is 20km away from Iron Ridge and expects to publish a feasibility study that will pave the way for bringing W11 Beebyn into production to augment its existing production.
It is also working to make a similar decision on the Shine iron ore mine it acquired from Mt Gibson (ASX:MGX).

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THANKS FROM SA