Fenix Resources Limited · ASX:FEX
Fenix Resources — Diggers & Dealers Mining Forum 2026
20 slides from Fenix Resources's conference presentation, August 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 Diggers & Dealers Mining Forum 2026 August 2026 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: Iron ore: the defining industrial commodity
Iron ore: the defining industrial commodity. • 200 years of demand. Every industrial economy was built on steel. Britain, the US, Japan, Korea, China. India next. • Unmatched scale. 1.85 billion tonnes of crude steel in 2025. Australia and Brazil supply two-thirds of seaborne iron ore. • The foundat
Slide 4: Iron Ore Price Outperformance
Iron Ore Price Outperformance 220 170 US Dollars per Metric Ton 120 70 20 1990 1991 1992 1993 1995 1996 1997 1998 2000 2001 2002 2003 2005 2006 2007 2008 2010 2011 2012 2013 2015 2016 2017 2018 2020 2021 2022 2023 2025 2026 -30 Source: International Monetary Fund ASX Company disclosures, Barrenjoey
Slide 5: Weld Range'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 | 5
Slide 6: Fenix in WA's mid-west
Fenix in WA's mid-west Integrated Infrastructure from Pit-to-Port ASX: FEX | 6
Slide 7: 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 R
Slide 8: The Fenix Growth Story
The Fenix Growth Story Ore Shipped (M wmt) 10.0 9.0 6.5 6.0 5.0 4.4 2.4 1.4 1.4 1.5 0.5 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 Refer to the Company’s Annual Reports released on 15 September 2021, 29 August 2022, 29 August 2023, 29 August 2024 and 29 August 2025 and ASX announcements
Slide 9: More tonnes. Lower costs. Delivered.
More tonnes. Lower costs. Delivered. Production more than tripled. Costs down 18%. 5 90 88 4 86 C1 cash cost (A$/wmt FOB) Iron ore shipments (wmt) 84 3 82 80 2 78 76 1 74 72 0 70 FY22 FY23 FY24 FY25 FY26 Iron ore shipments (wmt) C1 cash cost (A$/wmt FOB) Refer to the Company’s Annual Reports release
Slide 10: Costs up everywhere in iron ore. Except here.
Costs up everywhere in iron ore. Except here. Percentage change in reported C1 cash costs, indexed to 1H21 90.0% 70.0% Change in C1 cash cost since 1H21 (%) BHP 50.0% Rio Tinto Fortescue Vale 30.0% Kumba Anglo Minas-Rio 10.0% Fenix MinRes 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 -10.0% -30.
Slide 11: Fully integrated pit-to-port business model
Fully integrated pit-to-port business model 100% Owned Mining, Logistics and Port Operations MINING Ramping to ~6Mtpa High-grade DSO @ 61% Fe LOGISTICS Fully Integrated Supply Chain Road Haulage PORT ~10Mtpa Capacity 400,000t storage Refer ASX announcement “Fenix 3-Year Production Plan” dated 11 Dec
Slide 12: Mining
MINING IRON RIDGE SHINE BEEBYN-W11 IRON ORE MINE IRON ORE MINE DEPOSIT ASX: FEX | 12
Slide 13: Logistics
LOGISTICS Scalable Capacity to Support ~10Mtpa Target ASX: FEX | 13
Slide 14: Port
PORT Strategic Infrastructure at Geraldton Port ASX: FEX | 14
Slide 15: 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. Fully funded From ~A$521M development rights with Baowu. from opera
Slide 16: Corporate snapshot
Corporate snapshot Share Price Performance FEX A$200.4m A$81.0m 7.1% ASX Code Market Cap Cash at Bank Owned by Company (as at 3 August 2026: $0.26 per share) (as at 30 June 2026) Directors and Management SHAREHOLDERS (as at 3 August 2026) ANALYST COVERAGE APAC Resources Limited 10.1% Board and Manag
Slide 17: 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 18: Appendix 2. Reported C1 Cash Costs - Data
APPENDIX 2. REPORTED C1 CASH COSTS - DATA Period BHP Rio Tinto Fortescue Vale Kumba Anglo Minas-Rio Fenix MinRes 1H21 7.5% 5.8% -1.9% -16.3% 18.2% -0.7% 0.0% 0.0% 2H21 19.6% 25.5% 4.4% -5.1% 18.0% 23.7% 2.1% 7.1% 1H22 32.1% 38.5% 15.1% 5.9% 36.6% 69.7% -1.9% 11.2% 2H22 47.0% 46.0% 29.2% 14.5% 35.2%
Slide 19: Appendix 3. Reported C1 Cash Costs - References
APPENDIX 3. REPORTED C1 CASH COSTS - REFERENCES Release Title and Date Company Company Data Source 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 Half Yearly Half Yearly Report Half Yearly Half Yearly BHP Appendix Half Year 2025 https://www.bhp.com/investor- Annual Report BHP Annual Appendix 4E a
Slide 20: Contact
CONTACT John Welborn Executive Chairman info@fenix.com.au FENIX.COM.AU | ASX: FEX
Fenix Resources — Diggers & Dealers Mining Forum 2026 on 6ix