Fenix Resources Limited · ASX:FEX
Fenix Resources — 25th Annual Global Iron Ore and Steel Forecast Conference 2023
23 slides from Fenix Resources's conference presentation, Mar 23, 2023
Slide 1: High quality Australian Mid-West iron ore miner with distinct infrastructure advantage
For personal use only High quality Australian Mid-West iron ore miner with distinct infrastructure advantage March 2023 | 25th Annual Global Iron Ore and Steel Forecast Conference
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 sum
Slide 3: Fenix: A High-Margin Australian Iron Ore Miner
Fenix: A High-Margin Australian Iron Ore Miner For personal use only Strong >63% Fe 1.3 Mt 30 Cashflow high quality products annual production 140-tonne road trains fully franked dividends High-grade iron ore: Strong production Fully integrated High-yielding, fully Genuine Direct and cost control, m
Slide 4: The Fenix Model: Rapid Mine Development and Cashflow
The Fenix Model: Rapid Mine Development and Cashflow For personal use only Steady state production of 1.3 Mtpa 20 >A$127m in cash flow MTHS Fully franked dividend to shareholders 5 First iron ore shipment February 2021 > MTHS FUTURE GROWTH Mine development 0 3 First production commences MTHS MTHS De
Slide 5: Click link to play video
For personal use only CLICK LINK TO PLAY VIDEO: https://youtu.be/7yuwlb4ua08
Slide 6: Producing High Margin, Premium Iron Ore
Producing High Margin, Premium Iron Ore For personal use only In a World Class Mining Jurisdiction At a Steady State Run Rate of 1.3Mtpa • Iron Ridge hosts some of the highest-grade iron ore in WA • Mineral Resources total 8.3Mt at 64.8% Fe inclusive of Ore Reserves1 • Premium2 DSO product that comp
Slide 7: Iron Ridge Mine: Crushing & Screening to Produce Lump and Fines
For personal use only CRUSHING & SCREENING TO IRON RIDGE MINE: CRUSHING & SCREENING PRODUCE TO PRODUCE LUMP LUMP AND FINES AND FINES @ Fenix Resources Limited 2022 All rights reserved ASX: FEX ASX: FEX | 7 9
Slide 8: Road Hauling to Geraldton with New, State-of-the-Art Trucks
For personal use only ROAD HAULING TO GERALDTON WITH NEW, STATE-OF-THE-ART TRUCKS AND TRAILER COMBINATIONS ASX: FEX | 8
Slide 9: Side Tipper Dumping & Conveyor System Delivers Into Storage Shed
For personal use only SIDE TIPPER DUMPING & CONVEYOR SYSTEM DELIVERS INTO FULLY OWNED 80KT STORAGE SHED. SHIP LOADING TEAM CAN DELIVER UP TO 4500T/HR THROUGH THE MWPA BERTH 5 SHIP LOADING FACILITY. AN AVERAGE PANAMAX SIZED VESSEL IS LOADED IN ~28HRS. ASX: FEX | 9
Slide 10: Lump and Fines Products Shipped Through Life of Mine Offtake Partnerships
For personal use only LUMP AND FINES PRODUCTS SHIPPED THROUGH OUR LIFE OF MINE OFFTAKE PARTNERSHIPS. TO DATE OVER 2.7M WMT HAS BEEN SHIPPED WITH THE 50TH SHIPMENT IN EARLY APRIL 2023. FENIX IS EXPECTED TO REACH 3M DMT IN THE CURRENT FINANCIAL YEAR. ASX: FEX | 10
Slide 11: How Does a Smaller Scale Miner Thrive in the Bulk Commodities Industry?
For personal use only HOW DOES A SMALLER SCALE MINER THRIVE IN THE BULK COMMODITIES INDUSTRY? ASX: FEX | 11
Slide 12: Low Capex Mining Concept
Low Capex Mining Concept THE PROVEN FENIX MODEL Controlling Unit Costs on Smaller Scale Iron Ore Mining For personal use only • Lower capex with strong cost control is our focus, achieved through innovation and partnerships • Premium grade iron ore: Strong demand for Fenix ore, with premium pricing
Slide 13: Hedging Policy
Hedging Policy THE PROVEN FENIX MODEL Significant contribution to cash flow For personal use only and profitability • Hedging price protection policy adopted upon commencement of production. Just under 50% of production hedged to cover operating costs. Significant contribution to cash flows to date.
Slide 14: Ownership of Infrastructure
Ownership of Infrastructure: THE PROVEN FENIX MODEL Mine to Port For personal use only Haulage Fenix acquired 100% of Fenix-Newhaul Pty Ltd, which provides haulage services to and from Iron Ridge Deploying cutting edge technology, generating some of the industry’s highest returns and safety statisti
Slide 15: A Focus on Technology
A Focus on Technology THE PROVEN FENIX MODEL For personal use only Fenix Newhaul Kickstart Academy: A World Class Training Simulator Supported by a world class simulator, Fenix Newhaul's training program delivers two pathways to an MC license class: § A 2-year fully paid Youth Traineeship including
Slide 16: Strong Relationships with Traditional Owners
Strong Relationships THE PROVEN FENIX MODEL with Traditional Owners For personal use only Working Together with the Wajarri Yamatji People • Mining Cooperation & Benefits Agreement developed together with Wajarri Yamatji People to protect and preserve heritage sites (Little Wilgie Mia and Wilgie Mia
Slide 17: Backed By Solid ESG Credentials
Backed By Solid ESG Credentials THE PROVEN FENIX MODEL Providing Opportunities in the Mid West For personal use only • The Iron Ridge project has generated >200 new full-time jobs • Naming rights sponsor of the Fenix Geraldton Buccaneers – a successful franchise in the NBL1 West conference • A known
Slide 18: Expansion Plans: Scaling the Fenix Model
For personal use only EXPANSION PLANS: SCALING THE FENIX MODEL ASX: FEX | 18
Slide 19: Scalability: Our Growth Strategy
Scalability: Our Growth Strategy For personal use only Exploration • Greenfields exploration over newly acquired 344km2 project area prospective for iron ore (3 target areas already identified) • Test existing resource potential extensions (northwards), with outlook to grow Australian iron ore resou
Slide 20: Fenix: Leveraging an Infrastructure Advantage in the Mid West
For personal use only FENIX: LEVERAGING AN INFRASTRUCTURE ADVANTAGE IN THE MID WEST ASX: FEX | 20
Slide 21: Corporate Overview
Corporate Overview For personal use only FEX A$137.3M ASX Code Market Cap (as at 22 Mar 2023) A$0.235 584.2M Share Price (as at 22 Mar 2023) Shares on Issue A$48.8M 1.3Mtpa Cash at Bank (as at 31 Dec 2022) Current Production 10.8% ~6400 A$53.5M 22.3% Owned by Company Directors Number of Shareholders
Slide 22: Highly Experienced Board & Management Team
Highly Experienced Board & Management Team For personal use only John Welborn Garry Plowright Craig Mitchell Stuart Ausmeier Chris Tuckwell Adrian Third Chairman Director Director Chief Financial Officer General Manger Commercial Manager Mr Welborn is a champion for Mr Plowright is an Mr Mitchell fo
Slide 23: Contact
ASX:FEX CONTACT fenixresources.com.au John Welborn | Chairman john@fenixresources.com.au For personal use only ASX: FEX | 23
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