Fenix Resources (ASX:FEX), a Western Australian iron ore producer, is growing production according to Seneca. In May 2026, Seneca highlighted Fenix as a Midwest iron ore producer ramping up from 4 million tonnes a year to 10 million tonnes a year. In March 2026, Seneca said there could be significant upside for Fenix as it expands production capacity. Fenix Resources operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Seneca Financial Solutions. Headquartered in Perth, Fenix Resources mines and exports iron ore from its Iron Ridge project and acquired Beyondie and other Midwest assets, operating an integrated mine-to-port logistics chain through its road haulage business and port facilities at Geraldton, and has paid fully franked dividends from its production cash flow.