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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.013 -0.015 (-53.57%)+
Announcement
Release
28 Jan 2026 9:26AM
Price at Release
$0.028
Full Release
download
Summary
Iron Road Limited's Quarterly Activities and Cashflow Report for the period ending 31 December 2025 outlined a net cash outflow from operating and investing activities, primarily driven by exploration and evaluation costs. The company held cash reserves of AUD 1.8 million. Significant exploration activities focused on the Mulgathing Project's Heavy Mineral Sands and nickel-copper-gold potential. Additionally, Revera Energy did not exercise a land purchase option related to hydrogen development at Cape Hardy. Global steel production declined, impacting iron ore demand, although prices remained stable.
Key Points
  • Net cash used in operating activities amounted to AUD 361,000 for the current quarter.
  • Cash flows from investing activities resulted in a net outflow of AUD 264,000, mainly for exploration and evaluation.
  • Financing activities included a AUD 259,000 repayment to an investor related to an earlier share prepayment.
  • The company held cash reserves of AUD 1.8 million at the end of the quarter with no debt.
  • Iron Road continued exploration activities at the Mulgathing Project, focusing on Heavy Mineral Sands and a nickel-copper-gold target.
  • Revera Energy declined to exercise a land purchase option at Cape Hardy for hydrogen development.
  • Global crude steel production fell by 2% in 2025, impacting iron ore demand.
  • The company reported stable iron ore prices despite global market conditions.
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.