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Iron Road Ltd ( (AU:IRD) ) has issued an announcement.
Iron Road Ltd has announced significant progress in a Scoping Study conducted by WSP, exploring the feasibility of a slurry transport system for its CEIP mine. The study, which examines a 130km slurry pipeline to Cape Hardy, is moving into the cost estimation phase and highlights the project’s technical viability, leveraging existing infrastructure and high-quality water supply from the Northern Water project. This transport method aligns with investor preferences and addresses logistical challenges, potentially enhancing Iron Road’s positioning in the iron ore market.
More about Iron Road Ltd
Iron Road Ltd operates within the mining industry, focusing on iron ore development through its Central Eyre Iron Project (CEIP) in South Australia. The company emphasizes high-grade iron concentrate products, catering to market demand for direct-reduced iron grade feedstock.
YTD Price Performance: -7.50%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.82M
See more insights into IRD stock on TipRanks’ Stock Analysis page.
