Fenix locks in A$153/t iron-ore hedge
Iron-ore miner Fenix Resources has expanded its hedge book, securing new contracts for an additional 300 000 t between October 2025 and June 2026, bringing total hedged volumes to 720 000 t at an average price of A$153.18/t.
The Perth-based miner said on Tuesday that the contracts, aligned with its price protection policy, would secure a positive cash-flow margin on base production while retaining upside exposure to spot prices.
Fenix has guided 2026 financial year iron-ore sales of 4-million tonnes to 4.4-million tonnes at C1 cash costs of A$70/t to A$80/t free-on-board Geraldton.
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