- 01Maiden Beebyn Hub reserve: 26.9 Mt @ 60% Fe
- 02Beebyn-W11: 13.1 Mt @ 61.2% Fe
- 03Beebyn-W10 Stage 1: 13.8 Mt @ 58.9% Fe
- 04Plan: 6 Mtpa by 2028; >5-yr life; Weld Range DFS
Fenix Resources (ASX: FEX) has released a maiden ore reserve of of 26.9 million tonnes at 60% iron for the Beebyn Hub operation within its Weld Range hematite iron ore project in Western Australia.
This includes an updated ore reserve for the Beebyn-W11 mine of 13.1Mt at 61.2% iron, as well as a maiden ore reserve for Beebyn-W10 mine Stage 1 of 13.8Mt at 58.9% iron.
The new figures support delivery of Fenix’s three-year plan to establish sustainable production of up to 6Mtpa from Beebyn Hub by 2028.
Fenix now has ore reserves capable of providing more than five years of mine life at current production rates, with plans to further grow the globally significant Weld Range direct shipping iron ore resource through completion of a definitive feasibility study.
A scoping study published in December 2025 outlined a 10Mtpa production profile for Weld Range through to 2042.
Three-Year Production Plan
Fenix released its three-year production plan for Weld Range in December, consolidating mining at the project as the adjacent Iron Ridge and Shine iron ore mines approach end of life.
Mining at Iron Ridge is scheduled to wind up this year with stockpiles processed into the current financial year as ore reserves are exhausted, while Stage 1 mining at Shine is expected to finish before year end with final production delivered into the same period and no Stage 2 output included in the plan.
Fenix expects FY27 production guidance of between 4.7Mt and 5.3Mt before reaching between 5.4Mt and 6Mt in 2028.
The company plans to continue producing lump and fines products at an average grade of 61% iron with minimal impurities, consistent with benchmark specifications.
Beebyn-W10 Mining
Executive chair John Welborn said the company had received approvals to commence mining at Beebyn-W10, with ore production on track to start during the current quarter and first shipment expected before year end.
“With established mining operations, existing infrastructure, world-class logistics, and crucial port facilities already in place, our ability to continue to upgrade the mineral resources and ore reserves profile provides a strong platform to continue to grow production and deliver exceptional shareholder returns,” he said.
Fenix secured the exclusive right to mine Beebyn-W10 when it signed a transformational 30-year right-to-mine agreement over Weld Range with Sinosteel Midwest Corporation, which could see it increase efficiencies and profit margins, materially expand output and generate strong rewards for its partners and shareholders.
Weld Range has a Measured, Indicated, and Inferred resource estimate of 290Mt grading 56.8% iron, while Beebyn-W10 hosts a maiden estimate of 47.7Mt at 59.04% iron.
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