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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.014 -0.001 (-6.67%)+
Announcement
Release
23 Apr 2026 8:26AM
Price at Release
$0.015
Full Release
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Summary
Iron Road Limited's quarterly activities and cash flow report for the period ending 31 March 2026 details the company's financial status, operations, and exploration activities. The company reported a net cash outflow of $386,000 from operating activities and a total cash balance of $1.36 million at the end of the quarter. Significant exploration work was conducted at the Mulgathing Project, with encouraging results from heavy mineral sands (HMS) drilling at the Irria Prospect. Cash flows from investing activities resulted in a net outflow of $26,000, primarily due to exploration and evaluation expenditures. Iron Road Limited continues to hold various tenements in South Australia, with ongoing work to maintain their status and potential for future exploration. The report also mentions corporate strategies for cost reduction to support the company's financial standing.
Key Points
  • Net cash outflow from operating activities was $386,000.
  • Total cash balance at the end of the quarter was $1.36 million.
  • Significant HMS exploration at Mulgathing Project with positive results.
  • Net cash outflow from investing activities was $26,000.
  • Focus on cost reduction strategies to maintain financial health.
  • Ownership of several tenements in South Australia for future exploration.
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.