Fenix Resources posts record iron ore shipments in June quarter

Published: Jul 10, 2026 16:39

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Australian iron ore producer Fenix Resources reported record quarterly shipments of 1.299 million wet metric tonnes (wmt) from its Iron Ridge and Beebyn operations in Western Australia for the June quarter of 2026, up 33% on the March quarter and 70.9% year-on-year. The company loaded 21 vessels during the quarter, compared with 16 in the prior quarter and 13 a year earlier. Total FY26 iron ore sales reached 4.4 million wmt, meeting the company's revised guidance range of 4.2–4.8 million wmt, which had itself been raised from an original 4.0–4.4 million wmt target set in July 2025. Fenix is targeting FY27 sales of 4.7–5.3 million wmt, representing a roughly 14% increase at the midpoint. The company credited the results to the scalability of its integrated pit-to-port logistics model and resilience to diesel price and freight rate volatility

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