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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.015 -0.007 (-31.82%)+
Announcement
Release
26 Feb 2026 9:00AM
Price at Release
$0.022
Full Release
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Summary
Iron Road Limited conducted heavy mineral sands (HMS) and Ni-Cu-Au target drilling at the Mulgathing Project. A total of 27 aircore drill holes were drilled, generating 690.5m of samples by McLeod Drilling. Key findings include initial assay results from selected high-priority holes, which were sent to Diamantina Laboratories for heavy mineral analysis and ALS in Adelaide for Ni-Cu-Au assessment. The drilling program aimed at exploring geophysical targets and understanding mineralization in paleochannels. The process involved using a rotary cone splitter for sample collection, and subsequent laboratory analysis ensured the representativeness and quality of results. The project is still in early-stage exploration and reports no known impediments to its operations.
Key Points
  • Iron Road Limited conducted drilling at Mulgathing Project.
  • 27 aircore drill holes were completed for 690.5m.
  • High priority samples were analyzed by Diamantina and ALS laboratories.
  • Exploration targeted HMS and Ni-Cu-Au in paleochannels.
  • The drilling involved use of a rotary cone splitter for sample collection.
  • The project remains in early-stage exploration status.
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.