Fenix Resources Hits Record Iron Ore Shipments in March Quarter

 Fenix Resources

Shine Mine Ramp-Up and New Project Drive Fenix Toward 4Mtpa Production Target

Fenix Resources has posted a record-breaking March 2025 quarter, shipping 704,000 wet metric tonnes (wmt) of iron ore from Geraldton Port. The performance was fueled by the ramp-up of its Shine iron ore mine and consistent output from its Iron Ridge operation in Western Australia.

Of the total shipped, 355,000wmt originated from Shine and 349,000wmt from Iron Ridge, with haulage volumes reaching 712,000wmt. Fenix also pushed forward on fleet and infrastructure upgrades to support rising production, including rapid progress at its new Beebyn-W11 mine, which began construction in April. First production is scheduled for the September 2025 quarter.

New Projects and Expansion Fuel Fenix’s Growth

Fenix executive chairman John Welborn praised the March quarter as a major step in the company’s growth:

“Shine is now in full production, Iron Ridge continues to perform, and our third mine, Beebyn-W11, is moving rapidly towards first production.”

Fenix has also launched a takeover bid for CZR Resources, aiming to acquire the Robe Mesa iron ore project. However, Robe River Iron Associates, led by Rio Tinto, has submitted a rival offer deemed “superior” by CZR’s board. The final outcome remains pending, but a successful bid by Fenix could significantly enhance its mine-to-port logistics model and boost long-term shareholder value.

Strong Financials and Targets for June Quarter

Looking ahead, Fenix is targeting 13 shipments in the June 2025 quarter—six from Iron Ridge and seven from Shine. The company remains on course to meet its 2025 production goal of four million tonnes per annum (4Mtpa).

With over $54 million in cash, robust margins, and disciplined cost control, Fenix is positioning itself as a leading integrated iron ore producer and logistics operator in Western Australia.