Fenix Resources Limited · ASX:FEX
Fenix Resources — Investor Presentation (June 2022)
20 slides from Fenix Resources's investor presentation, Jun 21, 2022
Slide 1: High-grade, high margin Australian iron ore miner with distinct infrastructure advantage
For personal use only High-grade, high margin Australian iron ore miner with distinct infrastructure advantage to drive growth June 2022
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 summ
Slide 3: Fenix Acquires 100% Ownership of Mid-West Haulage Business
Fenix Acquires 100% Ownership of Mid-West Haulage Business For personal use only Value Accretive Transaction • Highly profitable state-of-the-art fully integrated logistics business • Immediate reduction in C1 FOB cash costs by ~A$10 per tonne enabling Fenix to target total cash costs of ~A$70/wmt •
Slide 4: Fenix Investment Opportunity
Fenix Investment Opportunity For personal use only 01 02 03 Premium product - Distinct infrastructure Skilled team with proven among highest grade DSO advantage ability to execute operations globally Generated net operating Leveraging Company owned haulage “Exploration, expansion, cashflow in excess
Slide 5: World Class WA Mining Jurisdiction
World Class WA Mining For personal use only Jurisdiction Tier 1 Investment Location • Iron Ridge Project located in the centre of prolific West Australian iron ore region • WA is the most attractive mining investment jurisdictions in the world1, with the most richly endowed iron ore tenure globally
Slide 6: ESG Commitments
ESG Commitments Providing Opportunities to the Mid West For personal use only • The Iron Ridge project has generated more than 200 full-time jobs • Fenix has greater than 40% Indigenous employment and the project has around 10% Indigenous employment • Fenix has created opportunities for three Indige
Slide 7: Haulage Transaction Highlights
Haulage Transaction Highlights For personal use only • Reduces C1 FOB cash costs by ~A$10/wmt enabling target total C1 FOB cash costs of ~A$70/wmt • Maximises value for shareholders: ü Immediately value accretive on Earnings per Share & Dividend per Share basis ü 100% of profits and cashflows from h
Slide 8: Iron Ridge Open Pit
For personal use only IRON RIDGE OPEN PIT @ Fenix Resources Limited 2022 All rights reserved ASX:FEX | 9
Slide 9: High Margin, Premium Iron Ore
High Margin, Premium Iron Ore For personal use only • Iron Ridge hosts some of the highest grade iron ore in WA • Mineral Resource Estimate1: 9.8Mt @ 64.4% Fe • Ore Reserves1 of 7.1Mt @ 64.1% Fe • The Resource offers a premium 2DSO product & compares favourably to DSO products globally • Approx. 1.5
Slide 10: Generating Solid Cashflow
Generating Solid Cashflow For personal use only Steady state production has generated solid cash flow in excess of A$112 million to date (14 months of sales) • Iron ore shipments sent to steel mills in Indonesia, Malaysia, Vietnam, Japan and China • Generated >$80m of pre-tax profit in CY 2021, since
Slide 11: Established Infrastructure Path to Export Markets
Established Infrastructure Path to Export Markets For personal use only Haulage Fenix to acquire 100% of Fenix-Newhaul Pty Ltd, which provides trucking services to & from the project Existing management remains in place for at least 12 months ensuring continuity of road haulage capability Port Expor
Slide 12: Road Hauling to Geraldton with New Trucks and Trailers
ROAD HAULING TO GERALDTON WITH NEW, STATE-OF-THE ART TRUCKS AND For personal use only TRAILER COMBINATIONS @ Fenix Resources Limited 2022 All rights reserved ASX:FEX | 13
Slide 13: Crushing & Screening to Produce Lump and Fines
For personal use only CRUSHING & SCREENING TO PRODUCE LUMP AND FINES @ Fenix Resources Limited 2022 All rights reserved ASX:FEX | 14
Slide 14: Portfolio Growth
Portfolio Growth For personal use only Exploration Expansion Acquisition Test existing resource Increase current Regional acquisitions extensions. production rate based through leveraging existing on existing resource. infrastructure assets, Look to grow the haulage fleet and balance resource invento
Slide 15: The Fenix Strategy
The Fenix Strategy For personal use only Exploration • Greenfields exploration over newly acquired 550km2 project area prospective for iron ore (3 target areas already identified) • Test existing resource potential extensions (northwards), with outlook to grow Australian iron ore resource inventory
Slide 16: Highly Experienced Board & Management Team
Highly Experienced Board & Management Team John Welborn Rob Brierley Garry Plowright Chris Tuckwell Adrian Third For personal use only Non-Executive Chairman Managing Director Non-Executive Director General Manger - Operations Commercial Manager An industry leader with extensive Mr Brierley holds a
Slide 17: Corporate Snapshot
Corporate Snapshot For personal use only FEX $154.8M ASX Code Market Cap (as at 20 June 2022) $0.30 536.2M Share Price (as at 20 June 2022) Shares on Issue $85.6M $58.9M Cash at Bank (as at 31 March 2022) Enterprise Value 2,572K $0.455 Daily Average Trading Vol. Price High (past 12 mths) (past 12 mt
Slide 18: Fenix - Why Invest?
Fenix - Why Invest? For personal use only A high-grade, high margin Australian iron ore miner, with a distinct infrastructure advantage to underpin expansion and drive growth 01 02 03 Premium product - Distinct infrastructure Skilled team with proven among highest grade DSO advantage ability to exec
Slide 19: Contact
ASX:FEX CONTACT fenixresources.com.au Rob Brierley Managing Director For personal use only rob@fenixresources.com.au ASX:FEX | 20
Slide 20: Resource Table
Resource Table Classification Tonnes (Mt) Fe (%) Al2O3 (%) LOI (%) P (%) SiO2 (%) TiO2 (%) Indicated 9.4 64.5 2.45 1.85 0.05 3.11 0.09 For personal use only Inferred 0.4 62.1 2.74 3.70 0.05 4.52 0.11 Total 9.8 64.4 2.46 1.92 0.05 3.16 0.09 Reserve Table Classification Tonnes (Mt) Fe (%) Al2O3 (%) LO