Fenix Resources (FEX) Guidance summary

Opening remarks and agenda

• Announced record June 2026 quarter production of 1.3Mt, a 33% increase over the previous quarter.

• FY26 production guidance achieved with 4.4Mt shipped, within the updated guidance range.

Guidance on key objectives

• FY27 iron ore sales guidance set at 4.7Mt to 5.3Mt, a 14% increase from FY26 actuals.

• FY27 C1 cash cost guidance maintained at A$70–A$80/wmt FOB Geraldton.

• Focus on advancing the Weld Range Project Definitive Feasibility Study in FY27.

Market trends and strategic opportunities

• Integrated pit-to-port model demonstrated resilience to diesel price and freight rate volatility.

• Diversified asset base and logistics infrastructure support scalable growth and cost control.

• Weld Range Scoping Study outlines pathway to expand to 10Mtpa and reduce costs to ~A$55/wmt.