FENIX SECURES 290Mt WELD RANGE IRON ORE PROJECT
Fenix’s Weld Range acquisition is a transformational milestone that cements our position as the Midwest’s leading integrated iron ore producer.
From Pit to Port – Built in the Midwest
Fenix (ASX: FEX) is redefining what it means to be a mid-tier iron ore company. By owning and operating the whole supply chain, we unlock stranded deposits and create long-term value.
Weld Range – A 290Mt Mid-West Resource
In September 2025, Fenix secured the Weld Range iron ore project — one of the largest undeveloped resources in Western Australia’s Mid-West.
Key highlights:
- Strengthens Fenix’s role as the Midwest’s leading consolidator
- 290Mt iron ore resource secured
- Strategically located near Fenix’s existing assets and infrastructure
- Extends production profile well beyond 2025
- Provides a pathway to scale beyond 4Mtpa
FENIX TO BOOST WELD
RANGE PRODUCTION
Three Year Production Plan for FY26, FY27, and FY28
Weld Range Project to Ramp Up to 6Mtpa by 2028
FY26 Guidance increased to 4.2 – 4.8Mt at C1 Cost of A$70/t – A$80/t
WELD RANGE SCOPING STUDY OUTLINES PATHWAY TO HIGH VALUE
LONG LIFE EXPANSION
Compelling economics to expand production from the Weld Range Project to ~10Mtpa and extend mine life to 2042
Championing the Midwest
Fenix’s operations are firmly rooted in the Midwest. This region is Australia’s next great iron ore province, and our integrated pit-to-port model gives us a unique edge:
- Unlocking stranded deposits others cannot reach
- Creating regional jobs and community investment
- Building long-term partnerships with Mid-West stakeholders
- Positioning the Mid-West as a globally competitive iron ore hub
“Weld Range is more than a deal — it’s the foundation for decades of growth, resilience, and regional opportunity.”
John Welborn, Executive Chairman
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