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Iron Road Limited (ASX:IRD)

ALERT: Price-sensitive ASX Announcement for IRD
Current share price for IRD : $0.010 -0.005 (-33.33%)+
Announcement
Release
10 Jul 2026 9:05AM
Price at Release
$0.015
Full Release
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Summary
Iron Road Limited's Quarterly Activities and Cashflow Report for the period ended 30 June 2026 outlined the postponement of field drilling activities for the TAU-A target due to poor weather conditions. The company plans to proceed with the drilling program to test for nickel-copper-gold mineralization once conditions improve. Efforts to preserve project assets and reduce corporate expenditure were highlighted as part of maintaining operations, with the Central Eyre Iron Project kept in good standing. At the end of the quarter, the company reported cash reserves of $0.86 million and no debt. Iron Road is also exploring acquisition opportunities to enhance investment appeal. Corporate changes included the departure of Executive Director Glen Chipman.
Key Points
  • Field drilling activities for the TAU-A target were postponed due to weather conditions.
  • A drilling program is planned to test the nickel-copper-gold TAU-A target once conditions improve.
  • The company aims to preserve project assets and reduce corporate expenditure to maintain operations.
  • Iron Road Limited held cash reserves of $0.86 million at the quarter's end, with no debt.
  • The Central Eyre Iron Project (CEIP) is maintained in good standing through payment of Mining Lease Rental.
  • The company is exploring project acquisition opportunities to enhance investment appeal.
  • Corporate changes included the departure of Executive Director Glen Chipman.
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.