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2026-11-06
◂ Monitor FEX ASX

Fenix Resources Limited

Producer · Iron Ore · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.195
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1M
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1Y
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Fair value
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Upside
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Mkt cap
A$150.3M
EV
A$198.1M
Cash
A$81M
Debt
A$128.8M
2 newer ASX announcements not yet reflected in this valuation

People, delivery and responsibility

Management background checks

Evidence through 2026-10-09

Research assessment

Executive team

Rating locked: sign in to viewTeam rating and score are available to subscribers

Limited-scope management background review of Fenix Resources Limited. Issuer disclosures support the rostered offices; person-level chronology, attributed outcomes and targeted adverse-record research remain incomplete.

Decision-relevant facts

Material summary

Individual involvement and employer context shown separately

John Welborn

Executive Chairman

Current
Full background report for John Welborn
Role FitAnalyst Inference · Medium materiality

Limited public evidence for role fit

Issuer biography lists John Welborn as Executive Chairman and reports prior roles at Investec Bank Australia. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Responsibility not applicable · No personal outcome responsibility is inferred from the title alone.

FY26 Annual Report · Corporate directory, key management personnel or appointment disclosure; role and date
Management and our people · lines 70–78
Company SuccessIssuer Reported · Medium materiality

Record FY26 shipments; company-level attribution only

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Role overlaps event; causation unproven · The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

FY26 Annual Report · FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review
FailureDocumented · Medium materiality

Diesel shortage forced Fenix to scale back non-essential operations

ABC reported Fenix came within days of exhausting fuel in March 2026 and scaled back non-essential work to protect operating continuity. Welborn said the company had relied on regular diesel supply and was reassessing that strategy. This is a company supply-chain disruption and management response, not a finding of misconduct.

Individual involvement documented · Welborn is directly quoted discussing the company’s response and dependence; the source reports disruption, not negligence.

Iron ore miner Fenix Resources came within days of running out of fuel · ABC article: shortage impact and Welborn’s comments
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

John Welborn

Executive Chairman

Career chronology

  • previous roles; exact dates not disclosed: Investec Bank Australia — Head of Specialised Lending. Management and our people (lines 70–78)

  • since 2022: Fenix Resources Limited — Executive Chairman. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt FY26 vs 2.4Mt FY25. John Welborn executive-chair overlap; company performance, personal causation not claimed.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Business failures and setbacks

Diesel shortage forced Fenix to scale back non-essential operations

2026-03 · documented · medium materiality

ABC reported Fenix came within days of exhausting fuel in March 2026 and scaled back non-essential work to protect operating continuity. Welborn said the company had relied on regular diesel supply and was reassessing that strategy. This is a company supply-chain disruption and management response, not a finding of misconduct.

Attribution: Individual involvement documented. Welborn is directly quoted discussing the company’s response and dependence; the source reports disruption, not negligence.

Relevance: Relevant to executive risk management and supply-chain resilience, particularly while Fenix operates an integrated mine/haulage/port chain.

Iron ore miner Fenix Resources came within days of running out of fuel (ABC article: shortage impact and Welborn’s comments)

Suitability for the current role

Limited public evidence for role fit

since 2022 · analyst inference · medium materiality

Issuer biography lists John Welborn as Executive Chairman and reports prior roles at Investec Bank Australia. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 70–78)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Chris Hunt

Chief Financial Officer

Current
Full background report for Chris Hunt
Role FitAnalyst Inference · Medium materiality

Limited public evidence for role fit

Issuer biography lists Chris Hunt as Chief Financial Officer and reports prior roles at Rox Resources; BC Iron; Crosslands Resources; FerrAus; Cliffs Natural Resources. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Responsibility not applicable · No personal outcome responsibility is inferred from the title alone.

FY26 Annual Report · Corporate directory, key management personnel or appointment disclosure; role and date
Management and our people · lines 82–89
Company SuccessIssuer Reported · Medium materiality

Record FY26 shipments; company-level attribution only

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Role overlaps event; causation unproven · The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

FY26 Annual Report · FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Chris Hunt

Chief Financial Officer

Career chronology

  • previous roles; exact dates not disclosed: Rox Resources; BC Iron; Crosslands Resources; FerrAus; Cliffs Natural Resources — Senior CFO roles. Management and our people (lines 82–89)

  • since 2025: Fenix Resources Limited — Chief Financial Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; finance role overlap, no individual causal link.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2025 · analyst inference · medium materiality

Issuer biography lists Chris Hunt as Chief Financial Officer and reports prior roles at Rox Resources; BC Iron; Crosslands Resources; FerrAus; Cliffs Natural Resources. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 82–89)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Fernando Pereira

Chief Operating Officer

Current
Full background report for Fernando Pereira
Role FitAnalyst Inference · Medium materiality

Limited public evidence for role fit

Issuer biography lists Fernando Pereira as Chief Operating Officer and reports prior roles at Mineral Resources; Fortescue Metals Group; HWE Mining; Mineração Rio do Norte. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Responsibility not applicable · No personal outcome responsibility is inferred from the title alone.

FY26 Annual Report · Corporate directory, key management personnel or appointment disclosure; role and date
Management and our people · lines 94–101
Company SuccessIssuer Reported · Medium materiality

Record FY26 shipments; company-level attribution only

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Role overlaps event; causation unproven · The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

FY26 Annual Report · FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Fernando Pereira

Chief Operating Officer

Career chronology

  • previous roles; exact dates not disclosed: Mineral Resources; Fortescue Metals Group; HWE Mining; Mineração Rio do Norte — COO at Mineral Resources; Director of Pilbara Operations at Fortescue; operational roles at HWE and MRN. Management and our people (lines 94–101)

  • since 2025: Fenix Resources Limited — Chief Operating Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; operations role overlap.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2025 · analyst inference · medium materiality

Issuer biography lists Fernando Pereira as Chief Operating Officer and reports prior roles at Mineral Resources; Fortescue Metals Group; HWE Mining; Mineração Rio do Norte. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 94–101)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Goran Seat

Chief Development Officer

Current
Full background report for Goran Seat
Role FitAnalyst Inference · Medium materiality

Limited public evidence for role fit

Issuer biography lists Goran Seat as Chief Development Officer and reports prior roles at Mining companies; engineering consultancies and EPCM organisations. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Responsibility not applicable · No personal outcome responsibility is inferred from the title alone.

FY26 Annual Report · Corporate directory, key management personnel or appointment disclosure; role and date
Management and our people · lines 117–126
Company SuccessIssuer Reported · Medium materiality

Record FY26 shipments; company-level attribution only

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Role overlaps event; causation unproven · The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

FY26 Annual Report · FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Goran Seat

Chief Development Officer

Career chronology

  • previous roles; exact dates not disclosed: Mining companies; engineering consultancies and EPCM organisations — Executive and senior management roles in development, projects and infrastructure. Management and our people (lines 117–126)

  • since 2023: Fenix Resources Limited — Chief Development Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; development role overlap.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2023 · analyst inference · medium materiality

Issuer biography lists Goran Seat as Chief Development Officer and reports prior roles at Mining companies; engineering consultancies and EPCM organisations. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 117–126)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Adrian Third

Chief Marketing Officer

Current
Full background report for Adrian Third
Role FitAnalyst Inference · Medium materiality

Limited public evidence for role fit

Issuer biography lists Adrian Third as Chief Marketing Officer and reports prior roles at Mining industry. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Responsibility not applicable · No personal outcome responsibility is inferred from the title alone.

FY26 Annual Report · Corporate directory, key management personnel or appointment disclosure; role and date
Management and our people · lines 106–111
Company SuccessIssuer Reported · Medium materiality

Record FY26 shipments; company-level attribution only

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Role overlaps event; causation unproven · The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

FY26 Annual Report · FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Adrian Third

Chief Marketing Officer

Career chronology

  • previous roles; exact dates not disclosed: Mining industry — 30+ years across operations, maintenance, processing, logistics, ports, shipping and marketing. Management and our people (lines 106–111)

  • since 2021: Fenix Resources Limited — Chief Marketing Officer. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; marketing role overlap.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

since 2021 · analyst inference · medium materiality

Issuer biography lists Adrian Third as Chief Marketing Officer and reports prior roles at Mining industry. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 106–111)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Natalie Teo

Company Secretary

Current
Full background report for Natalie Teo
Role FitAnalyst Inference · Medium materiality

Limited public evidence for role fit

Issuer biography lists Natalie Teo as Company Secretary and reports prior roles at ASX-listed, unlisted public and private companies. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Responsibility not applicable · No personal outcome responsibility is inferred from the title alone.

FY26 Annual Report · Corporate directory, key management personnel or appointment disclosure; role and date
Management and our people · lines 58–64
Company SuccessIssuer Reported · Medium materiality

Record FY26 shipments; company-level attribution only

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Role overlaps event; causation unproven · The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

FY26 Annual Report · FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review
Evidence gaps · 3
  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.

Full background report

Natalie Teo

Company Secretary

Career chronology

  • previous roles; exact dates not disclosed: ASX-listed, unlisted public and private companies — Corporate advisory, company secretarial and financial reporting; capital raisings, acquisitions, IPOs and takeovers. Management and our people (lines 58–64)

  • current at cutoff; start date undisclosed: Fenix Resources Limited — Company Secretary. FY26 Annual Report (Corporate directory or key management personnel disclosure)

Contributions and company outcomes

Record FY26 shipments; company-level attribution only

FY2026 · issuer reported · medium materiality

Fenix reported FY26 shipments of 4.4 million tonnes, up from 2.4 million tonnes in FY25, and said shipment guidance was achieved. This is a company result, not an individually attributable achievement.

Attribution: Role overlaps event; causation unproven. The executive held a current or senior role overlapping the period; the annual report does not establish individual causation.

Relevance: Relevant operating context for team assessment, with personal attribution expressly limited.

FY26 Annual Report (FY26 Directors’ Report, Principal Activities and Review of Operations; Operating and Financial Review)

Fenix iron-ore shipments increased in FY26

FY2026 · issuer reported · medium materiality

Annual Report operating review: shipments 4.4Mt vs 2.4Mt prior year; company secretary role overlap only.

Attribution: Role overlaps event; causation unproven. The source establishes the executive’s role during or around the event; individual causation is not inferred unless the cited record directly says so.

Relevance: Adds role-specific career, delivery or governance context; distinguish company-level outcomes from individual responsibility.

FY26 Annual Report (Annual Report operating review)

Suitability for the current role

Limited public evidence for role fit

current at cutoff; start date undisclosed · analyst inference · medium materiality

Issuer biography lists Natalie Teo as Company Secretary and reports prior roles at ASX-listed, unlisted public and private companies. This experience is relevant to the present remit; the issuer page does not independently verify dates or quantify attributable personal outcomes.

Attribution: Responsibility not applicable. No personal outcome responsibility is inferred from the title alone.

Relevance: The role is relevant to the company’s current leadership assessment; fuller role-fit comparison requires verified chronology and outcome evidence.

FY26 Annual Report (Corporate directory, key management personnel or appointment disclosure; role and date); Management and our people (lines 58–64)

Evidence gaps

  • Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.

  • The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.

  • Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.