FENIX RESOURCES LTD — AGM Information 2022

Sep 18, 2022

ASX ANNOUNCEMENT

ANNUAL GENERAL MEETING INFORMATION

Fenix Resources Limited ( ASX: FEX ) ( Fenix or the Company ) is pleased to advise that its Annual General Meeting will be held on Tuesday, 15 November 2022, commencing at 10:00am (WST) at:

Grant Thornton Central Park, Level 43 152 -158 St Georges Terrace PERTH WA 6000

In accordance with ASX Listing Rule 14.3, the Company advises that valid nominations for the position of director must be received by the Company on or before 5:00pm (WST) Monday 26, September 2022, being at least 35 business days before the date of the Annual General Meeting.

Nominations can be sent by mail to the Company’s registered office. This notice is given in accordance with ASX Listing Rule 3.13.1.

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Authorised by the Board of Fenix Resources Limited.

For further information, contact:

Rob Brierley

Managing Director Fenix Resources Limited rob@fenixresources.com.au

Dannika Warburton

Investor & Media Relations Investability dannika@investability.com.au

Follow Fenix Resources:

Twitter: twitter.com/Fenix_Resources

LinkedIn: www.linkedin.com/company/fenix-resources Facebook: www.facebook.com/fenixresources1 Website: fenixresources.com.au

Join Fenix’ mailing list: https://fenixresources.com.au/subscribe/

P +61 08 9226 2011 E info@fenixresources.com.au ABN 68 125 323 622

FENIX RESOURCES LTD

ASX:FEX fenixresources.com.au

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Fenix Resources (ASX: FEX) is a high grade, high margin iron ore producer located in the mid-west mining region of Western Australia.

The Company’s 100% owned, flagship Iron Ridge Iron Ore Project is a premium DSO deposit that hosts a high grade, JORC 2012 compliant resource of 9.8 Mt @ 64.4% Fe, which represents some of the highest grade iron ore in Western Australia. Production commenced in December 2020 following a rapid three-month development period, and first sales were generated in February 2021, shipped from the Company’s port facility at Geraldton. Approximately 1.8 million tonnes of premium ore have been exported to date, generating solid cash flow.

High grade iron ore attracts a premium price on the seaborne market, as a purer product results in lower emissions. Chinese steelworks are demanding low impurity ore to meet increasingly strict government regulations.

Fenix has become a fully integrated mining, logistics haulage business accruing from the July 2022 acquisition of 100% of Fenix Newhaul. This strategic move substantially reduces C1 FOB cash costs and provides flexibility to scale haulage operations to match production volumes. Furthermore, logistics capabilities in haulage and port operations enhances Fenix’s ability to unlock expansion opportunities in the Mid-West.

The Company is led by a proven team with deep mining experience and benefits from strategic alliances and agreements, including binding agreements with the Mid West Ports Authority for the use of its Geraldton Port facilities, a 50% off-take arrangement with Sinosteel International Holding Company Limited and an exclusive marketing agreement with Atlas Iron Pty Ltd for the remaining 50% of product sales.

Fenix is focused on promoting opportunities for local businesses and the community; to date, the project has generated some 200 local jobs. Fenix is proud to employ a 40% indigenous workforce and be in partnership with Schwarze Brothers Pty Ltd and other leading service providers.

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Competent Person Statement

The information in this report that relates to the Company’s Mineral Resources is based on information compiled by Mr Alex Whishaw, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy and is a former employee of CSA Global Pty Ltd. Mr Whishaw has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code). The Company confirms it is not aware of any new information or data that materially affects the information included in the relevant market announcement originally released on 21 August 2019 and updated on 15 September 2021; and all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.

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