Fenix Resources has announced a maiden Ore Reserve of 26.9 million tonnes at 60.0% iron for its Beebyn Hub, combining the updated Beebyn-W11 and new Beebyn-W10 Stage 1 mines. This reserve underpins the company’s plan to ramp production to 6 million tonnes per annum by FY28 and secures over five years of mine life at current rates.
- Maiden Ore Reserve totals 26.9 Mt at 60.0% Fe
- Beebyn-W10 Stage 1 adds 13.8 Mt at 58.9% Fe
- Supports 6 Mtpa production target by FY28
- More than five years mine life at current rates
- Definitive Feasibility Study underway for 10 Mtpa by 2031
Maiden Ore Reserve Consolidates Beebyn Hub as Production Core
Fenix Resources Ltd (ASX:FEX) has delivered a significant milestone with the declaration of a maiden Ore Reserve for its Beebyn Hub in Western Australia’s Mid-West region. The combined Ore Reserve totals 26.9 million tonnes grading 60.0% iron (Fe), integrating the updated Beebyn-W11 mine reserve of 13.1 Mt at 61.2% Fe and the maiden Beebyn-W10 Stage 1 reserve of 13.8 Mt at 58.9% Fe.
This consolidation of reserves establishes the Beebyn Hub as a centralised mining and processing platform within Fenix’s 290 Mt Weld Range Iron Ore Project. The hub combines existing operations at Beebyn-W11 with the fully approved new Beebyn-W10 mine, positioning Fenix to sustainably ramp production to up to 6 million tonnes per annum (Mtpa) by FY28.
Production Outlook and Mine Life Visibility
Executive Chairman John Welborn emphasised the strategic importance of the Beebyn Hub Ore Reserve, noting it supports more than five years of mine life at current production rates. The company’s 3-Year Production Plan, announced in December 2025, targets a steady increase in output culminating in the 6 Mtpa mark by FY28. Welborn also highlighted that a Definitive Feasibility Study (DFS) for the broader Weld Range Project is underway, expected to underpin a potential expansion to 10 Mtpa by 2031, consistent with a scoping study published in December 2025.
Mining approvals for Beebyn-W10 Stage 1 have been secured, with production scheduled to commence in the current quarter and first shipments targeted for the December 2026 quarter. This aligns with Fenix’s broader operational ramp-up, supported by existing infrastructure and logistics chains, including its wholly owned haulage and port facilities at Geraldton.
Technical Details and Resource Confidence
The Beebyn-W11 Mineral Resource Estimate (MRE) stands at 19.7 Mt at 61.0% Fe, with 11.9 Mt classified as Measured Resources. The Beebyn-W10 MRE, now reported separately, totals 47.7 Mt at 59.0% Fe, with a substantial portion in the Measured category. The Ore Reserves have been derived exclusively from Measured and Indicated Mineral Resources, applying a 57% Fe cut-off grade to support production of a marketable Direct Shipping Ore (DSO) product averaging around 60% Fe.
The mining method is conventional open-pit drill-and-blast, with detailed pit designs incorporating geotechnical parameters and operational constraints. Mining dilution and ore loss factors have been conservatively applied at 2% and 5% respectively. Processing involves onsite crushing and screening to produce lump and fines DSO products without beneficiation, consistent with current Beebyn-W11 operations.
Environmental and Regulatory Framework
Fenix has addressed environmental and heritage considerations in its mine planning. The Beebyn-W10 and W11 areas are within granted mining tenure, with all necessary statutory approvals in place for current activities. The company is progressing agreements with the Wajarri Yamaji Aboriginal Corporation to ensure compliance with Native Title and heritage protocols, reflecting its commitment to sustainable and responsible mining practices.
Waste rock is classified as Non-Acid Forming, mitigating environmental risks such as acid rock drainage. Extensive flora and fauna surveys have informed mine layouts to minimise ecological impacts.
Strategic Growth and Market Position
The Beebyn Hub Ore Reserve announcement reinforces Fenix’s pathway to scale its iron ore production from 5 Mtpa to 10 Mtpa by 2031. This growth trajectory is supported by the company’s integrated mining, logistics, and port operations, including its Newhaul road haulage and Geraldton Port facilities with a combined export capacity of 10 Mtpa.
Fenix’s recent quarterly production updates and funding arrangements, including a US$44 million facility and strategic freight partnerships, complement this operational foundation. The company’s ability to upgrade Mineral Resources and Ore Reserves at Weld Range remains a key lever for sustaining production growth and shareholder returns.
Bottom Line?
Fenix’s maiden Beebyn Hub Ore Reserve sets a solid base for medium-term production growth, but the leap to 10 Mtpa hinges on forthcoming feasibility outcomes and continued regulatory progress.
Questions in the middle?
- How will the Definitive Feasibility Study influence the timing and scale of the Weld Range expansion?
- What operational challenges might arise as Fenix integrates Beebyn-W10 production with existing infrastructure?
- To what extent could market iron ore price volatility impact the economic viability of the 10 Mtpa target?