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Iron Bear Resources Ltd (ASX:IBR)

ALERT: Price-sensitive ASX Announcement for IBR
Current share price for IBR : $0.050 -0.017 (-25.37%)+
Announcement
Release
28 Jul 2026 6:52PM
Price at Release
$0.067
Full Release
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Summary
Iron Bear Resources Ltd (ASX: IBR) released its quarterly activities report for the period ending 30 June 2026, highlighting key developments and financial updates. The company is focused on its flagship Iron Bear Project in Labrador Trough, Canada, where significant progress has been made, including an increase in Indicated Mineral Resources by 114%, bringing it to 4.5 billion tonnes. The project is currently under a collaborative development agreement with Vale S.A., and the Pre-Feasibility Study (PFS) is on track for completion. Environmental and social baseline studies have been completed, and further drilling is planned to enhance resource confidence. Financially, Iron Bear has a cash balance of A$14.2 million, with additional funds from Vale. The company is also evaluating optimization scenarios to improve capital efficiency. In terms of corporate governance, Simon Lill has been nominated as Non-Executive Chairman, aligning with the company's strategic transformation.
Key Points
  • Quarterly report for period ending 30 June 2026.
  • Focused on Iron Bear Project in Canada.
  • Indicated Mineral Resources increased by 114%.
  • Collaboration with Vale S.A. under a development agreement.
  • Pre-Feasibility Study on track for completion.
  • Environmental and social baseline studies completed.
  • Cash balance of A$14.2 million.
  • Simon Lill appointed as Non-Executive Chairman.
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.