Summary:

• Management reiterated Fortress’s position as a high‑grade magnetite producer with two key Malaysian assets, Bukit Besi and Mengapur, holding a combined 1,477.9 hectares of mining and exploration land and 13.65 million tonnes of indicated and inferred resources​

• Bukit Besi’s JORC resource has been steadily upgraded to 11.55 million tonnes at 44.36% Fe (weighted average), with long-life mining rights running to 2033 and strategic proximity to Kemaman Port and domestic steel mills, supporting logistics efficiency and cost advantage​

• Mengapur offers a larger growth platform (951.68 hectares, about 80.9% bigger than Bukit Besi’s tenement), with skarn‑hosted iron, copper, gold and silver mineralisation and an iron-focused resource of 2.10 million tonnes plus 35.89 million tonnes of copper-bearing material for future development​

• Operationally, Fortress has completed a new crushing plant at Bukit Besi and is integrating it with the existing processing facility to form a fully integrated plant targeted for completion in FY2027, while a pilot plant at Mengapur will trial production of iron ore, copper and pyrrhotite concentrates​

• Two new 24‑month offtake agreements signed in August 2025 with a Malaysian steel mill cover up to about 1.2 million wet tonnes (±20%) of concentrate from September 2025 to August 2027, extending earlier 12‑month contracts and underpinning recurring revenue and cashflows​

• For 9M FY2026, revenue climbed 32.7% year-on-year to US$50.8 million, underlying EBITDA rose 10.0% to US$15.8 million, and net profit after tax increased to US$8.9 million, with a still-robust 57.5% gross margin despite higher unit costs​

• Sales volumes reached 584,710 dry metric tonnes in 9M FY2026 (about 92–93% of FY2025’s record 632,424 DMT), driven by stronger exports and domestic demand, while scale efficiencies helped temper cost inflation; average realised selling prices and unit costs moved in line with global iron ore and freight dynamics​

• The balance sheet remains conservative, with net asset value of 17.43 US cents per share, cash and bank balances (including money-market funds) of US$10.5 million, and disciplined capex of US$5.5 million in 9M FY2026 on plants and mine infrastructure to support future growth​

• Return on capital employed stood at 21.2%, reflecting high-margin operations and relatively light leverage, and management reaffirmed its strategy of pursuing accretive growth via organic mine development, new minerals (including gold and bauxite through recent strategic investments) and long-term offtake partnerships​

• The presentation underscored Fortress’s core values of integrity, sustainability, empowerment and prosperity, with a focus on safety, environmental stewardship and technology-driven productivity gains as it scales production and diversifies its mineral portfolio​