Ann: December 2023 Quarterly Production Report, page-2

Total Recordable Injury Frequency Rate (TRIFR) for Metals of 1.8 at 31 December 2023,
consistent with 30 September 2023.
• Iron ore shipments of 48.7 million tonnes (Mt) in Q2 FY24 contributed to shipments of 94.6Mt
in H1 FY24, the second highest first half shipments in Fortescue’s history.
• Pilbara Hematite C1 cost of US$17.62/wet metric tonne (wmt), two per cent lower than Q1 FY24.
• Pilbara Hematite average revenue of US$116/dry metric tonne (dmt) for the quarter, realising
91 per cent of the average Platts 62% CFR Index.
• Iron Bridge Concentrate revenue of US$144/dmt was 104 per cent of the average Platts 65%
CFR Index for November 2023.
• Cash balance of US$4.7 billion and net debt of US$0.6 billion at 31 December 2023.


Mostly very positive.... Iron bridge having issues with water pipeline, guidance downgraded 2 - 4Mt (100 per cent basis, previously 5Mt)