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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.015 -0.028 (-65.12%)+
Announcement
Release
21 Nov 2025 9:25AM
Price at Release
$0.043
Full Release
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Summary
Iron Road Limited has identified positive results for valuable heavy minerals (VHM) at the Irria Prospect in South Australia. The reconnaissance mapping and surface sampling, led by geological consultant Ian Warland, confirmed the presence of heavy minerals, particularly titanium and zircon, within the Mesozoic Algebuckina Sandstone. The VHM in samples ranged from 51.6% to 67.1%, dominated by titanium minerals with significant zircon content. A low-impact drilling program is set to commence on 1 December 2025, following approval from the Department for Energy and Mining. A staged farm-in and joint venture agreement with Red Tiger Resources Ltd, along with an Access Clearance Survey with the Antakirinja Matu-Yankunytjatjara Aboriginal Corporation, were also completed. This exploration is part of Iron Road's broader strategy to explore the region's potential as a significant new titanium province.
Key Points
  • Reconnaissance mapping confirms target Mesozoic Algebuckina Sandstone at Irria Prospect.
  • Heavy Minerals consistently exposed at surface with thick sediments akin to Rosewood Prospect.
  • Modal analysis shows VHM ranging from 51.6% to 67.1%, dominated by titanium minerals and zircon.
  • Sachet logging indicates 40% to 70% VHM assemblage with high rutile and zircon content.
  • Low-impact drilling program to begin on 1 December 2025.
  • Staged Farm-In agreement and Joint Venture with Red Tiger Resources Ltd.
  • Access Clearance Survey completed with Antakirinja Matu-Yankunytjatjara Aboriginal Corporation.
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.