Fenix Resources (ASX:FEX) has strengthened its financial position by hedging 840,000 tonnes of iron ore at an average price of $151.09 per tonne through December 2026.
The hedge book comprises 100,000 tonnes per month from January to June 2026 and 40,000 tonnes per month from July to December 2026, in line with the company’s price protection policy.
The hedging contracts aim to secure a positive cashflow margin on base production while retaining exposure to spot iron ore prices.
Fenix shipped more than 1.24 million tonnes of iron ore in the December 2025 quarter, consistent with its guidance of 4.2–4.8 million tonnes for the full 2026 financial year at a C1 cash cost of $70–80 per wet metric tonne.
Looking ahead, Fenix’s three-year production plan targets 15 million tonnes across FY26–FY28, with potential to reach 6 million tonnes per annum by FY28.