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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.014 -0.033 (-70.21%)+
Announcement
Release
16 Oct 2025 8:37AM
Price at Release
$0.047
Full Release
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Summary
Iron Road Limited's quarterly report for 30 September 2025 highlighted a reduction in exploration expenditure and a focus on due diligence for the Central Eyre Iron Project. The company ended the quarter with $2.7 million in cash reserves and no debt. Collaborative land purchase agreements were made with Revera Energy for the Cape Hardy project. The quarter also saw the closure of a share prepayment financing facility and continued interest in South Australian tenements.
Key Points
  • Iron Road Ltd reduced exploration and evaluation expenditure to $193k during the September quarter.
  • The company held cash reserves of $2.7 million at the end of the quarter.
  • Iron Road's activities focused on steady due diligence engagement for the Central Eyre Iron Project (CEIP).
  • Volatile domestic power pricing affected magnetite developer sentiment.
  • Revera Energy partnered with Iron Road for land purchase options at Cape Hardy.
  • Iron Road closed a share prepayment financing facility after final cash repayments.
  • No debt was reported by the company at the quarter's end.
  • Iron Road has a 100% interest in several tenements in South Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.