In today’s briefing:
- Fenix Resources (FEX AU) Q2 FY25 Update: Close to Tripling Production
- Empire Energy Group Ltd – Beetaloo catalysts coming in a rush
Fenix Resources (FEX AU) Q2 FY25 Update: Close to Tripling Production
- Fenix Resources (FEX AU) delivered impressive results for Q2 2025. Sales increased by 71% QoQ and 68% YoY, driven by the ramp-up of the Shine iron ore mine.
- The Beebyn-W11 mine, projected to ramp up production to 4 million tonnes from the current 2.5 million tonnes, is anticipated to receive final mining approval in the current quarter.
- Trading at 5.9x FY25e PE with 57 mn AUD in net cash, which accounts for 27% of its market capitalization, the stock is worth a look.
Empire Energy Group Ltd – Beetaloo catalysts coming in a rush
- RaaS has published an update report on NT-focused gas explorer/producer Empire Energy Group (ASX:EEG) following its recent quarterly report and operational update.
- The company is poised to commence the last phases of activity on the path to project startup.
- Having successfully cased and cemented the Carpentaria-5H (C-5H) well above expectation on time and horizontal section, securing debt financing and NT environmental approvals, we await the commencement of testing post the wet season and the granting of the ‘Beneficial Use of Test Gas’ agreement, with the traditional owners, which formally approves commercial gas sales.
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