Fenix Resources hits FY26 target, lifts FY27 guidance

Fenix Resources, an integrated mining, logistics and port services company headquartered in Perth, Western Australia, shipped 4.4 million wet tonnes (wmt) of iron ore over the past fiscal year ending June 30, 2026 (FY26), meeting the upper end of its revised guidance range of 4.2-4.8 million wmt and marking an 83.3% on-year surge, according to the company's announcement on July 7.

The healthy full-year performance was driven by operational improvements across its Mid-West iron ore assets, including optimized mining sequences, more efficient haulage operations, and streamlined ship-loading activities at Geraldton Port, according to the company. In the April-June quarter alone, shipments increased 33% on quarter to 1.3 million wmt – the