In today’s briefing:
- Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?
- Amaero International Ltd – Big tick from US Navy with Letter of Support
Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?
- Fenix is approaching its first million-tonne quarter, with a fully cash-funded ramp-up targeting 6 MTPA by FY28 under a disciplined capital plan.
- Near term value is concentrated at Weld Range, while Jack Hills provides step-change optionality; Simandou is viewed as a manageable, priced-in risk.
- W10 approvals represent the key execution risk, while labour, logistics, port capacity, and fleet availability are not considered binding constraints.
Amaero International Ltd – Big tick from US Navy with Letter of Support
- Amaero Ltd (ASX:3DA) is a global specialist in advanced materials manufacturing for the defence, aerospace and other industrial sectors, developing a critical metals alloy powder manufacturing facility in Tennessee, USA.
- The company has announced that the United States Navy has issued a Letter of Support validating Amaero’s PM-HIP (Powder Metallurgy + Hot Isostatic Pressing) manufacturing as a viable and technically-ready alternative to castings and forgings for the maritime industrial base.
- The Letter of Support also confirms Amaero’s strong and differentiated technical capability in manufacturing near-net-shape parts.
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