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Fenix starts Beebyn Hub ramp-up with a 26.9Mt reserve

8:47am on Thursday 22nd of October, 2026 AEDT • Mining
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Fenix starts Beebyn Hub ramp-up with a 26.9Mt reserve

8:47am on Thursday 22nd of October, 2026 AEDT
Key Points
  • Beebyn Hub mining commenced at W10, with the 5Mtpa plant commissioned after quarter end
  • Maiden Beebyn Hub Ore Reserve of 26.9Mt at 60.0% Fe
  • September quarter shipments fell 16% to 1.097Mt amid port disruption and mine transition
  • C1 cash costs rose to A$81.8/wmt, above FY27 guidance
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