Fenix Resources Limited · ASX:FEX
Fenix Resources — Noosa Mining Investor Conference 2026
23 slides from Fenix Resources's conference presentation, Jul 22, 2026
Slide 1: The New Western Force in Iron Ore
The New Western Force in Iron Ore Delivering 6Mtpa by FY28 | Targeting 10Mtpa by FY31 July 2026 | Noosa Mining Investor Conference ASX: FEX
Slide 2: Important disclosure
Important disclosure Disclaimer The material in this presentation has been prepared by Fenix Resources Ltd (“Fenix”, “Fenix Resources” or “the Company”) and is general background information on Fenix. This information is given in summary form and does not purport to be complete. Information in this
Slide 3: Record Quarter: Momentum Accelerating
Record Quarter: Momentum Accelerating Record shipments, FY26 guidance achieved & a growing production platform 1.3Mt A$79.9/wmt 62% Record June Quarter shipments C1 cash cost FOB Geraldton, Growth in quarterly shipments of 1,299k wmt, up 33% on the maintained while volumes grow versus the June Quart
Slide 4: Record FY26: Our Biggest Year Yet
Record FY26: Our Biggest Year Yet Guidance achieved and growth funded from cashflow 4.4Mt $73.7/wmt $81M FY26 iron ore sales, achieving C1 cash cost FOB Geraldton, Cash at bank, 30 Jun 2026. guidance and up strongly on the holding firm despite diesel and Cash grew 44% while funding a prior year frei
Slide 5: More tonnes. Lower costs. Delivered.
More tonnes. Lower costs. Delivered. Production up 300%. Costs down 18%. 5 90 4 85 C1 cash cost (A$/wmt FOB) Iron ore shipments (wmt) 3 80 2 75 1 70 0 65 FY22 FY23 FY24 FY25 FY26 Iron ore shipments (wmt) C1 cash cost (A$/wmt FOB) Refer to the Company’s Annual Reports released on 15 September 2021, 2
Slide 6: The Pathway to 10Mtpa
The Pathway to 10Mtpa Proven Iron Ore Producer with exceptional growth potential 290Mt 6Mtpa A$3.0B Weld Range resource secured. Target for three-year production Pre-tax NPV10 at spot prices. 30-year exclusive mining plan to FY28. From A$521M development rights with Baowu. capital. 100% A$81m DFS Ow
Slide 7: Fenix in WA's mid-west
Fenix in WA's mid-west Integrated Infrastructure from Pit-to-Port ASX: FEX | 7
Slide 8: Fully integrated pit-to-port business model
Fully integrated pit-to-port business model 100% Owned Logistics and Port Operations MINING Ramping to 6Mtpa High-grade DSO @ average 61% Fe LOGISTICS Capacity for 10Mtpa 100% owned fleet & rail PORT ~10Mtpa Capacity ~ 450,000t storage | 3 sheds Refer ASX announcements "Fenix 3-Year Production Plan"
Slide 9: Mining
Mining Mines Ramping to 6Mtpa by FY28 100% High Confidence 290Mt Resource Base 61% Fe Average Grade Reserves & M&I Weld Range Project Premium DSO product Resources Refer ASX announcements "Fenix Secures 290Mt Weld Range Iron Ore Project" dated 1 September 2025 and "Fenix 3-Year Production Plan" date
Slide 10: Logistics
Logistics Scalable Capacity to Support 10Mtpa Target New state-of-the-art 10Mtpa Target Capacity 100% Owned Fleet Workshop in Geraldton ASX: FEX | 10
Slide 11: Port
Port Strategic Infrastructure at Geraldton Port On-wharf facilities at Port access secured Capacity to Geraldton to 2054 support growth ASX: FEX | 11
Slide 12: Consistent track record of delivery
Consistent track record of delivery Fenix has delivered on its commitments since 2020 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 Foundations Production Integration Expansion Scaling Transformation Delivering Accelerating • First premium • Maiden • 1.3Mtpa run • 3Mt • Shine • Three mines • 4.4Mt • 4.7 t
Slide 13: Three year production plan
Three year production plan Ramping to 6Mtpa by FY28 7 6 5 Million tonnes 4 3 2 1 0 FY25 FY26 FY27 FY28 ✓ 100% from Ore ✓ Funded from Operations ✓ Generating Reserves or Measured and existing finance strong cashflows & Indicated Resources facilities Refer ASX announcements "Fenix 3-Year Productio
Slide 14: Growth beyond FY28
Growth beyond FY28 Pathway to +10Mtpa Production Weld Range Feasibility Study 290Mt Weld Range Scoping Study underway for resource complete FY29+ expansion Technology Private haul road Collaboration enhancements in to reduce logistics with Baowu on mining, logistics, and costs +10Mtpa target shippin
Slide 15: The Weld Range Project's 290Mt resource base enables sustained production at scale
The Weld Range Project's 290Mt resource base enables sustained production at scale, driving down C1 costs and expanding margins. ASX: FEX | 15
Slide 16: The Weld Range transformation
The Weld Range transformation A Game Changer for Fenix 290Mt Mineral Resource @ 56.8% Fe 30yrs Exclusive Mining Rights 10Mtpa Production Target "Fenix is no longer constrained by mine life and can focus on maximising production volumes and value." Refer ASX announcements "Fenix Secures 290Mt Weld Ra
Slide 17: Weld Range scoping study
Weld Range scoping study Pathway to 10Mtpa production 290Mt 10Mtpa 2042 Resource confirmed. production target by 2031. Mine life. ~A$55/t ~A$235M 244km C1 cash costs Average annual EBITDA over Private Haul Road the life of mine. Refer ASX announcement “Weld Range Scoping Study” dated 23 December 202
Slide 18: 2027 targets
2027 targets Focused on Execution and Growth Deliver FY27 Guidance – 4.7 to 5.3Mt at a C1 cash cost of A$70/wmt to A$80/wmt FOB Geraldton Progress Weld Range 10Mtpa Definitive Feasibility Study Commission Beebyn Hub operations Extend Collaboration with Sinosteel & Baowu Boost Shareholder returns Ref
Slide 19: The team behind the track record
The team behind the track record Deep mining and logistics experience, strong partnerships and values that deliver Decades of Experience Values That Deliver Careers, Not Just Jobs Proven across WA mining, Straight talking, taking Developing our people as haulage and ports ownership, always improving
Slide 20: Built on more than iron ore
Built on more than iron ore Safety, partnership and community at the core of the Fenix story 400+ Jobs Created Wajarri Yamaji Local Focus within Geraldton and Partnership Traditional Supporting Mid-West Mid-west custodians of our land businesses & communities ASX: FEX | 20
Slide 21: Corporate snapshot
Corporate snapshot Share Price Performance FEX A$220m A$81.0m 6.82% ASX Code Market Cap Cash at Bank Owned by Company (at 21 July 2026: $0.29 per share) (as at 30 June 2026) Directors ANALYST COVERAGE ASX: FEX | 21
Slide 22: APPENDIX 1. WELD RANGE GLOBAL MINERAL RESOURCE
APPENDIX 1. WELD RANGE GLOBAL MINERAL RESOURCE Weld Range Right to Mine Agreement 2025 Global Mineral Resource (inclusive of Beebyn-W11) – 50% Fe cut-off applied Fe SiO2 Al2O3 LOI P S JORC Classification Tonnes (millions) % % % % % % Measured 142.5 58.10 6.39 2.45 6.94 0.09 0.05 Indicated 89.4. 55.8
Slide 23: Contact
CONTACT | ASX: FEX John Welborn Executive Chairman info@fenix.com.au FENIX.COM.AU
Fenix Resources — Noosa Mining Investor Conference 2026 on 6ix