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FENIX RESOURCES LTD (ASX: FEX)

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FEX: Fenix adds to iron ore hedging cover

FENIX RESOURCES LTD

2023-03-23 09:06:00

FEX: Fenix extends iron ore hedging cover

FENIX RESOURCES LTD

2023-03-06 09:09:00

FEX: Fenix extends iron ore hedging cover

FENIX RESOURCES LTD

  1. Fenix Resources (ASX: FEX) has extended existing hedging arrangements to cover 50,000 dry metric tonnes of iron ore per month from January 2023 through to June 2023 at a fixed price of A$173.25 per dmt.
  2. The new hedging has been established by iron ore swap arrangements for an additional 15,000 dmt per month over the six-month period to June 2023.
  3. The existing hedges were placed in June 2022 and continue to provide strong margin support for Fenix's operations.

2022-12-30 16:37:00