Fenix Resources Limited · ASX:FEX
Fenix Resources — Shareholder Meeting (November 2021)
19 slides from Fenix Resources's shareholder meeting presentation, Nov 16, 2021
Slide 1: A High-Grade, High Margin Australian Iron Ore Miner
For personal use only FENIX RESOURCES LIMITED A HIGH-GRADE, HIGH MARGIN AUSTRALIAN IRON ORE MINER AGM Presentation F E N I X 16 November 2021 R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 2: Important Disclosure
Important Disclosure This Presentation has been approved by the Board of Fenix Resources Limited For personal use only Disclaimer • The material in this presentation has been prepared by Fenix Resources Limited (“Fenix”) and is general background information on Fenix. This information is given in su
Slide 3: Company Overview
For personal use only Company Overview F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 4: Why invest in Fenix
Why invest in Fenix A High-Grade Iron Ore Miner Hitting its Targets For personal use only • ~1.2 million tonnes of ore mined and more than 1 million tonnes of premium Iron Ore sold as of 12 November • Project to date C1 costs of ~A$88/wmt (~US$65/wmt) World Class WA High-Grade 64.4% Iron Mining Juri
Slide 5: Corporate Overview
Corporate Overview Capital Structure & Pricing For personal use only Share Price History Ordinary shares on issue 472.2m Vendor Performance Shares 1 97.5m Unlisted Options Nil Share Price (12th November 2021) $0.23 Market capitalisation (undiluted) $108.6m Cash2 $68.2m Debt Nil Enterprise Value (und
Slide 6: Performance Overview
Performance Overview For personal use only Performance at a Glance Item Unit Sept Q FY21 June Q FY21 Lump product sales kwmt 198 129 Fines product sales kwmt 143 151 Total Ore Sales kwmt 341 281 Platts 62% Fe CFR price, average US$/dmt 162.9 200.0 Average Realised FOB price US$/dmt 129.2 185.2 Avera
Slide 7: Iron ore prices have decreased rapidly whilst ocean freight costs have increased
Iron ore prices have decreased rapidly whilst ocean freight costs have increased For personal use only Platts IODEX and Ocean Freight ex Geraldton 250.00 200.00 150.00 100.00 50.00 0.00 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 1-12 Nov-21 Month Average Platts 62% IODEX (USD/dmt
Slide 8: Index Iron Ore Price ex Geraldton
Index Iron Ore Price ex Geraldton For personal use only FOB equiv Iron Ore Prices have reduced Significantly 250.00 200.00 150.00 100.00 50.00 0.00 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 1-12 Nov-21 Index FOB equiv ex Geraldton (USD/dmt) Month Average Platts 62% IODEX (USD/dm
Slide 9: Macro conditions have significantly impacted profitability
Macro conditions have significantly impacted profitability For personal use only Iron Ore Index FOB equiv ex Geraldton (AUD/dmt) 300.00 250.00 200.00 150.00 100.00 50.00 0.00 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 1-12 Nov-21 F E N I X R E S O U R C E S L I M I T E D ( A S X
Slide 10: Iron Ridge Project
For personal use only Iron Ridge Project F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
Slide 11: Iron Ridge Project: High Grade Iron Ore Project in the Midwest
Iron Ridge Project For personal use only High Grade Iron Ore Project in the Midwest • Fenix acquired the right to 100% of the project in May 2018 and completed the transaction in November 2018. • Mineral Resource Estimate1 of 9.8 Mt @ 64.4% Fe, which represents some of the highest grade iron ore in
Slide 12: Established Infrastructure Path to Export Markets
Established Infrastructure Path to Export Markets Low Capex contract mining & trucking For personal use only concept facilitated by key project characteristics Good Roads Sealed roads all the way to the Mine site entrance. 485km (by road) to Geraldton Port Trucking Joint Venture Fenix is a 50% owner
Slide 13: Providing Opportunities to the Mid West
Providing Opportunities to the Mid West • The Iron Ridge project has For personal use only generated more than 170 full-time jobs • Fenix has greater than 40% indigenous employment and the project has around 8% indigenous employment • Fenix has created opportunities for three indigenous businesses a
Slide 14: Fenix Resources: Australian High-Grade Iron Ore Miner
For personal use only Fenix Resources Australian High-Grade Iron Ore Miner Fenix Resources Rapidly Developed its High-Grade Iron Ridge Project and Generated Strong Cashflow whilst Iron Ore Prices were Favourable High-Grade Ore Reserve, Producing at steady World Class WA currently performing ahead st
Slide 15: Drilling and Digging
Drilling and Digging For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 15
Slide 16: Generating Solar Power and Crushing/Screening
Generating Solar Power and Crushing/Screening For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 16
Slide 17: Road Hauling to Geraldton
Road Hauling to Geraldton For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 17
Slide 18: Loading Iron Ore at the Port
Loading Iron Ore at the Port For personal use only F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X ) 18
Slide 19: Contact
For personal use only FENIX RESOURCES LIMITED Contact: Rob Brierley Managing Director Rob@fenixresources.com.au F E N I X R E S O U R C E S L I M I T E D ( A S X : F E X )
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