Fenix Resources Limited (AU:FEX) has released an update.
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Fenix Resources Limited has extended its iron ore hedge book to June 2025, securing contracts for 120,000 tonnes at A$152 per tonne. This strategic move capitalizes on stable iron ore prices and a weaker Australian dollar, ensuring a positive cashflow margin while maintaining exposure to spot prices. Fenix’s diversified operations, including its flagship Iron Ridge Mine, position the company for future growth in Western Australia’s iron ore sector.
For further insights into AU:FEX stock, check out TipRanks’ Stock Analysis page.
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