<p>Fenix Resources Limited reported that it shipped a record 357,000 tonnes of high-quality iron ore from its Iron Ridge project in Western Australia's Mid West. Fenix Managing Director Mr Rob Brierley said "We generated an outstanding production performance which unfortunately was accompanied by lower iron ore prices and higher ocean freight costs. Pricing adjustments from the September 2021 quarter also impacted cashflows. However, we have stayed the course with our mine plan and continued to accelerate waste stripping to ensure we have orderly access to high grade ore sources, with the benefits of this strategy to be yielded in the June 2022 quarter and beyond.”</p><p>Highlights</p><p>Six shipments totalling 356,710 wet metric tonnes (wmt) of iron ore from the Iron Ridge Project in Western Australia were sold during the December 2021 Quarter, consisting of 188,391 wmt of lump and 168,319 wmt of fines</p><p>Average price received was US$55.96 (~A$77) per dry metric tonne (dmt) FOB, which is equivalent to US$89.50/dmt (~A$123/dmt) CFR. Received prices were adversely impacted by quotation period price adjustments from the previous quarter that amounted to US$4.6m or USD 13.48/dmt (~A$19/dmt)</p><p>C1 FOB cash costs for the quarter were AUD 94.09/wmt shipped</p>
<p>Fenix Resources Limited reported that it shipped a record 357,000 tonnes of high-quality iron ore from its Iron Ridge project in Western Australia's Mid West. Fenix Managing Director Mr Rob Brierley said "We generated an outstanding production performance which unfortunately was accompanied by lower iron ore prices and higher ocean freight costs. Pricing adjustments from the September 2021 quarter also impacted cashflows. However, we have stayed the course with our mine plan and continued to accelerate waste stripping to ensure we have orderly access to high grade ore sources, with the benefits of this strategy to be yielded in the June 2022 quarter and beyond.”</p><p>Highlights</p><p>Six shipments totalling 356,710 wet metric tonnes (wmt) of iron ore from the Iron Ridge Project in Western Australia were sold during the December 2021 Quarter, consisting of 188,391 wmt of lump and 168,319 wmt of fines</p><p>Average price received was US$55.96 (~A$77) per dry metric tonne (dmt) FOB, which is equivalent to US$89.50/dmt (~A$123/dmt) CFR. Received prices were adversely impacted by quotation period price adjustments from the previous quarter that amounted to US$4.6m or USD 13.48/dmt (~A$19/dmt)</p><p>C1 FOB cash costs for the quarter were AUD 94.09/wmt shipped</p>
