On Monday 29th July 2024, Investability hosted a webinar with iron ore producer, logistics and port services provider, Fenix Resources (ASX: FEX).

On the call, Executive Chairman John Welborn provides a briefing on the June 2024 Quarter Results, which included the Beebyn-W11 Feasibility Study and decision to recommence mining operations at the Shine Iron Ore Mine in the Mid West region of Western Australia. John then answers a series of investor questions.

View the Quarterly Activities Report Announcement (26 July 2024): [ Ссылка ]

CHAPTERS:

00:00 - Intro
00:11 - Highlights from Quarter, presented by John Welborn
04:28 - Investor Q&A Commence
04:31 - Iron Ridge Mine exploration and mine life extension potential
07:16 - Beebyn-W11 Feasibility Study and similarities to Iron Ridge
09:17 - Shine Iron Ore Mine - customer demand for Shine product
10:25 - Fenix's Geraldton Port facilities and export capacity
13:21 - Ruvidini Inland Port and incorporating rail into FEX's logistics chain
16:54 - Haulage - capex required to scale up to haul the extra tonnages from Shine and Beebyn-W11
18:30 - Workforce and recruitment
20:27 - Logistics opportunities - agricultural products and other commodities
23:05 - Twin Peaks - Deed of Administration & partnership with 10M Pty Ltd; opportunities for FEX to acquire distressed operators
25:11 - Heading the iron ore price
27:17- Dividends
30:23 - Final comments

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ABOUT FENIX RESOURCES
Fenix Resources (ASX: FEX) is a highly profitable, fully integrated mining, logistics and port services business with assets in the Mid-West region of Western Australia.

Fenix operates a unique fully integrated mining and logistics business. High quality iron ore products are transported by road to Geraldton using the Company’s 100% owned Fenix-Newhaul haulage and logistics business. Fenix’s wholly-owned Fenix Port Services business operates its own loading and storage facilities at the Geraldton Port, with storage capacity of more than 400,000 tonnes and loading capacity of more than 5 million tonnes per annum.

Fenix’s diversified Mid-West iron ore, port and rail asset base provides an excellent foundation for future growth. These assets include the Iron Ridge mine, the Beebyn-W11 Deposit, the Twin Peaks Iron Ore Mine, the Shine Iron Ore Mine, the Fenix-Newhaul haulage business which includes a state-of-the-art road haulage fleet, two rail sidings at Ruvidini and Perenjori, as well as the Fenix Port Services business that operates three on-wharf bulk material storage sheds at Geraldton Port.

The Company’s 100% owned, flagship Iron Ridge Iron Ore Mine is a premium high grade, high margin, direct shipping iron ore operation located approximately 360km north east of Geraldton that hosts some of the highest grade iron ore in Western Australia. Production commenced at Iron Ridge in December 2020 and is currently operating at the production run rate of 1.4 million tonnes per annum. Fenix will substantially increase its production profile with the addition of the tonnes from the Shine Iron Ore Mine restart and the 1.5 million tonnes per annum Beebyn-W11 Project, due to be in production in late 2024 and early 2025 respectively.

The Company is led by a proven team with deep mining and logistics experience and benefits from strategic alliances and agreements with key stakeholders, including the Wajarri Yamatji people who are the Traditional Custodians of the land on which Fenix is currently operating.

Fenix is focused on promoting opportunities for local businesses and the community. The Company has generated more than 200 local jobs. Fenix is proud to have a strong indigenous representation in the Company’s workforce and to be in partnership with leading local and national service providers.

Fenix acknowledges the Wajarri Yamatji people as the Traditional Custodians of the land our Iron Ridge Project is located on. We pay our respects to elders and leaders past, present and emerging.

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ABOUT INVESTABILITY

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WEBSITE
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Disclaimer - Not Financial Advice. The content of this video is considered news and for information only.

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