Fenix Takeover of CZR Resources | Investor Webinar Replay

Описание: TRANSFORMATIONAL TAKEOVER COMBINES FENIX'S PROVEN MID-WEST OPERATIONAL EXCELLENCE WITH CZR'S LARGE-SCALE PILBARA ASSETS TO CREATE A SIGNIFICANT, FULLY INTEGRATED WA IRON ORE BUSINESS

On 25 February 2025, Fenix Resources Ltd (ASX: FEX) announced it will acquire CZR Resources Ltd (ASX: CZR) under an all-scrip off-market takeover offer which has been unanimously recommended by CZR Directors and is supported by CZR’s largest shareholder Mr Mark Creasy.

On this investor webinar, Dannika Warburton from Investability hosts John Welborn, Executive Chairman of Fenix, and Stefan Murphy, Managing Director of CZR, to discuss the offer and answer investor questions.

Fenix is offering scrip at a base price of $0.26 for every CZR share with CZR shareholders eligible to receive Fenix scrip at an increased offer price of $0.30 if Fenix acquires a 75% interest in CZR prior 21 March 2025. At the increase price of $0.30 the takeover values CZR at $71 million.

The takeover will bring together Fenix's proven mine-to-port model and operational excellence with CZR's substantial Pilbara assets. These assets host 98.4 million tonnes of iron ore mineral resources including the Robe Mesa Iron Ore Project, a low strip ratio, low capex Direct Shipping Ore project for which CZR’s October 2023 Definitive Feasibility Study outlined a net present value of $256 million.

The transaction will result in Mr Creasy, one of Australia’s most successful prospectors and mining company investors, emerging as a substantial shareholder in Fenix with a holding of approximately 12%.

Please view the announcements (dated 25 February 2025), and associated disclosures, at:
https://fenix.com.au/investors/asx-an...
https://www.czrresources.com/investors/

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CHAPTERS
00:00 Introduction
00:35 Why is this a good deal for CZR shareholders?
02:05 Strategic rationale & synergies for FEX
03:54 The Creasy Group endorsement
05:26 Advantages of having Mark Creasy on FEX’s share register
07:02 Risks to transaction
09:18 Indicative timeline for the development of Robe Mesa
11:20 Funding development Capex
13:25 Ashburton Link JV
19:26 FEX ability to pay future dividends
24:04 Key Offer dates
25:30 Closing remarks

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