Fenix Resources has signed a mining contract with MACA, a subsidiary of Thiess Group, to develop the Beebyn-W11 iron ore mine in Western Australia’s mid-west region.
This contract includes drill and blast, mining, crushing and screening operations, with site mobilisation scheduled to commence in the June 2025 quarter.
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It supports the company’s strategy to increase its production capacity to four million tonnes per annum (mtpa) in 2025.
All necessary mining approvals for the project are in place, including the approval of the mining proposal by the Department of Energy, Mines, Industry Regulation and Safety.
Shipments from the new mine are due to begin during the September 2025 quarter, marking the launch of Fenix’s third operating mine in the mid-west region.
A key requirement for commencing production at the Beebyn-W11 project is the construction of a private haul road.
The road will link the new mine to Fenix’s existing operations at Iron Ridge and provide a direct connection to Fenix’s port facilities in Geraldton.
The construction of the haul road is set to begin this month, following the receipt of the Native Vegetation Clearing Permit.
The Beebyn-W11 iron ore deposit has a total measured and indicated mineral resource estimate of 20.5 million tonnes (mt) at 61.3% iron.
The definitive feasibility study completed in July 2024 underscores the project’s potential for “exceptional” returns over a seven-year mine life at a production rate of 1.5mtpa.
In October 2023, Fenix secured exclusive rights to mine and export up to ten million dry tonnes of iron ore from Beebyn-W11 deposit.
The deposit is part of the larger Sinosteel Midwest’s Weld Range project and has a JORC ore reserve of 10mt at 62.2% iron.
Fenix has also secured agreements with the Wajarri Yamaji Aboriginal Corporation and entered into a Deed of Covenant under the Native Title and Heritage Sustainable Benefits Agreement with Sinosteel and the Wajarri Yamaji People.
In February 2025, Fenix Resources signed an agreement to acquire CZR Resources through an off-market takeover bid.
