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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.015 -0.008 (-34.78%)+
Announcement
Release
20 Feb 2026 8:21AM
Price at Release
$0.023
Full Release
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Summary
Iron Road Limited announced a non-cash impairment charge of $96.5 million for the Central Eyre Iron Project (CEIP) in its interim report for the half-year ending 31 December 2025. This write-down was recommended following an independent expert review. Despite the impairment, the company's land holdings at Cape Hardy, Eyre Peninsula, valued at $9.9 million, remain unaffected. The report highlights the company's strategic decision to reassess the asset's value following expert advice, reflecting the ongoing challenges in resource valuation and market conditions.
Key Points
  • Iron Road Limited to recognize a $96.5 million impairment charge for CEIP.
  • The impairment follows an independent expert review.
  • Cape Hardy land holdings valued at $9.9 million remain unchanged.
  • Half-year accounts expected to be approved on 3 March 2026.
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.