Slide 1: A Success Story in WA's Mid-West: Set to Grow
For personal use only A Success Story in WA's Mid-West: Set to Grow Company Presentation | August 2023
Slide 2: Important Disclosure
Important Disclosure This Presentation has been approved by the Board of Fenix Resources Limited. 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 summary form and does not
Slide 3: High-Margin Australian Iron Ore Mining and Logistics
High-Margin Australian Iron Ore Mining and Logistics Strong >63% Fe 1.3 Mt 30 For personal use only Cashflow high quality products annual production 200-tonne road trains fully franked dividends High-grade iron ore: Strong production Fully integrated Generated A$50.7M genuine Direct and cost control
Slide 4: Strong Track Record
Strong Track Record The Fenix Model: Rapid Mine Acquisition of Mid-West Iron Ore and Port Assets Development and Strong Cashflows June 2023 33 MTHS For personal use only Steady state production of 1.3 Mtpa 20 MTHS > FUTURE GROWTH Mine development commences September 2020 First iron ore shipment 🎥…
Slide 5: Excellent Operating Performance
Excellent Operating Performance • Six shipments totalling 351,828 wet metric tonnes Tonnes (wmt) of high-grade iron ore shipped Produced • Average grade of 64.4% Fe for lump product (vs 64.2% Q1) and 63.3% Fe for fines (vs 62.9% Q1) For personal use only • C1 Cash Costs decreased by over 5% to A$79.
Slide 6: Performance Since First Production
Performance Since First Production • +3 million tonnes produced Tonnes • Consistent run rate of 1.3Mtpa Produced • Premium DSO product - 64% Fe lump and 63% Fe fines For personal use only • Net operating cashflow of more than A$150 million Cashflow generated since first production Generated • Success
Slide 7: The New Fenix: Emerging as a Dominant Player in the Mid-West
For personal use only The New Fenix: Emerging as a Dominant Player in the Mid-West
Slide 8: Producing High Margin, Premium Iron Ore
Producing High Margin, Premium Iron Ore 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 For personal use only WA; grade increases with depth • Mineral Resources total 8.3Mt at 64.8% Fe inclusive of Ore Reserves1 • Pr
Slide 9: Transformational Acquisition in the Mid-West
Transformational Acquisition in the Mid-West Acquisition of Mount Gibson’s Mid-West Iron Ore and Port Assets a Gamechanger for Fenix • Fenix acquired the Shine Iron Ore Mine, two on-wharf storage sheds For personal use only at Geraldton Port, two Mid-West rail sidings and mining assets at the Extens
Slide 10: Acquired assets: rail sidings, port sheds, Shine mine, Extension Hill camp
For personal use only MID-WEST RAIL SIDINGS SHEDS AT GERALDTON PORT SHINE IRON ORE OPEN PIT MINE EXTENSIONAL HILL CAMP
Slide 11: Ownership of Infrastructure: Mine to Port
Ownership of Infrastructure: Mine to Port Haulage • Fenix owns 100% of Fenix-Newhaul Pty Ltd, which provides haulage services to and from Iron Ridge • Haulage fleet of 30 x 200-tonne quad road trains, deploying For personal use only technology to reduce costs and maximise safety & wellbeing • Lease
Slide 12: Unlocking Mid-West Potential: Third Party Logistics
Unlocking Mid-West Potential Third Party Logistics Uniquely Positioned to Offer Mine to Port Solutions for Regional Producers • The Mid West Ports Authority estimated tonnage shipped through Geraldton For personal use only Port will increase significantly over the next 10 years • Fenix can provide e
Slide 13: Fenix's fleet of quad road trains
For personal use only FENIX’S FLEET CONSISTS OF THIRTY 200 TONNE QUAD ROAD TRAINS, DEPLOYING CUTTING EDGE TECHNOLOGY TO GENERATE THE HIGHEST RETURNS AND SAFETY STATISTICS ASX: FEX | 13
Slide 14: A Focus on Technology
A Focus on Technology Fenix-Newhaul Kickstart Academy: A World Class Training Simulator Supported by a world class simulator, Fenix-Newhaul's For personal use only training program delivers two pathways to an MC license class: • A 2-year fully paid Youth Traineeship including certificate III in Driv
Slide 15: Backed By Solid ESG Credentials
Backed By Solid ESG Credentials 🎥 Scan QR code to see our Providing Opportunities in the Mid-West community in the Mid-West • The Iron Ridge project has generated >200 new full-time jobs • Naming rights sponsor of the Fenix Geraldton Buccaneers – a successful franchise in the For personal use only…
Slide 16: Strong Relationships with Traditional Owners
Strong Relationships with Traditional Owners 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 For personal use only Wilgie Mia) and blast vibration m
Slide 17: Fenix's Strategic Pathway
Fenix’s Strategic Pathway Profit from • High quality products Iron Ridge • Strong cashflows with +A$50/t operating margin • Successful logistics solutions at 1.3Mtpa Production • Potential for expansion at Iron Ridge For personal use only Growth • Shine Iron Ore Mine opportunity • Broader Mid-West o
Slide 18: Corporate Overview
Corporate Overview FEX.ASX 6 Month Share Price Performance FEX $208m ASX Code Market Cap (as at 1 Aug 2023) For personal use only A$0.30 694.2m Share Price Shares on Issue (as at 1 Aug 2023) 10.8% ~6400 $76.1m 1.3Mtpa Owned by Company Directors Number of Shareholders Cash at Bank Current Production
Slide 19: 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 Manager Commercial Manager Mr Welborn is a champion for Mr Plowright is an Mr Mitchell f
Slide 20: Contact
ASX:FEX For personal use only CONTACT John Welborn | Chairman john@fenixresources.com.au