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Iron Road Ltd Extends Land Purchase Option for Amp Energy

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Iron Road Ltd Extends Land Purchase Option for Amp Energy

Confident Investing Starts Here:

Iron Road Ltd ( (AU:IRD) ) just unveiled an update.

Iron Road Ltd has announced an extension for Amp Energy to exercise its purchase option on a land parcel at Cape Hardy, South Australia. This extension, until June 30, 2025, allows Amp Energy additional time to finalize the purchase of approximately 24 hectares of land for $1.0 million, potentially impacting Iron Road’s strategic operations and collaborations in the region.

More about Iron Road Ltd

Iron Road Ltd operates in the mining sector, focusing on the development of iron ore projects. The company is primarily engaged in the exploration and potential development of the Central Eyre Iron Project in South Australia, aiming to supply high-quality iron ore to the global market.

YTD Price Performance: -32.50%

Technical Sentiment Signal: Buy

Current Market Cap: $26.19M

For an in-depth examination of IRD stock, go to TipRanks’ Stock Analysis page.

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