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Iron Road Ltd ( (AU:IRD) ) has provided an update.
Iron Road Ltd’s September quarter activities were centered on due diligence for the Central Eyre Iron Project amidst a challenging global investment climate for iron ore developers. The company is also exploring collaboration with Revera Energy on green hydrogen projects at Cape Hardy, which could enhance their magnetite asset development and downstream manufacturing opportunities. Additionally, Iron Road has entered a Farm-In agreement with Red Tiger Resources to explore heavy mineral sands in South Australia, highlighting the region’s potential for sediment-hosted titanium.
More about Iron Road Ltd
Iron Road Ltd is an Australian company operating in the mining industry, primarily focusing on the development of iron ore projects. Its key project is the Central Eyre Iron Project (CEIP), which aims to exploit magnetite resources in South Australia. The company is also involved in industrial port precinct development and exploring heavy mineral sands.
Average Trading Volume: 150,226
Technical Sentiment Signal: Sell
Current Market Cap: A$39.11M
For a thorough assessment of IRD stock, go to TipRanks’ Stock Analysis page.