Ann: Dividend Policy and Unaudited FY21 Financial Results, page-5

23 August2021
Fenix announces dividend policy and
unaudited FY21 financial results
WesternAustralian high-grade iron ore producer, Fenix Resources Limited (Fenixor the Company)
(ASX:FEX)is pleased to announcean exceptional unaudited financial performance from its iron ore
operationsachievedsince the first shipment in mid-February 2021,and the finalisation of its dividend
policy.
Fenix is pleased to provide highlights of the unaudited financial results for the year ending 30 June
2021 (FY21).
Key Highlights
•Unaudited salesrevenue of $113million
•Unaudited net profit before tax of $62million
•Unaudited headline net profit after tax(“NPAT”)of $49million

The Directors are also pleased to announcethe adoption ofa dividend policywhich providesthat,to
the extent that dividends can be fully franked, Fenix will distribute between 50% and 80% of after-
tax earnings to shareholders in the form of dividends,either annually or semi-annually.”
Fenix Managing Director Rob Brierley said: “Our unaudited financial results illustrate the rapid and
relatively seamless execution of our project delivery strategy. We have hit the ground running and
taken advantage of robust iron ore prices. Theiron ore swap arrangementsweentered into in July
are already in-the-money and these arrangements secure Iron Ridge’s future for FY22 and beyond.
“We are targeting release of our audited FY21 financial result in mid-September, which will include
the declaration of our maiden dividend”.