Fenix Resources maintains full-year targets despite cyclone disruptions

Fenix Resources, a Perth-based integrated mining, logistics and port services company, delivered 973,600 tonnes of iron ore during the first three months of this year -- the third quarter of its fiscal year 2026 (FY26), according to the company's latest quarterly report.

Shipments in Q3 marked an increase of 38% on year, but they were 22% lower than the record 1.24 million tonnes the company shipped in Q2, mainly reflecting the impact of Tropical Cyclone Narelle that hit Western Australia in March. Specifically, two ore shipments originally due to sail in March