Iron Road Limited
IRNRF
Other OTC0.01
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Iron Road Limited
IRNRF
(Other OTC)
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ROIC.AI
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- Iron Road Limited (ASX:IRD; OTC:IRNRF) explores and evaluates iron ore properties in Australia with a focus on developing advanced magnetite projects; its flagship asset is the 100% owned Central Eyre Iron Project on the Eyre Peninsula in South Australia featuring Australia's largest magnetite ore reserve of 3.7 billion tonnes capable of producing approximately 589 million tonnes of high-grade iron concentrate grading up to 69.7% Fe for direct reduced iron pellets and 66.6% Fe sinter feed for blast furnaces; it also holds a 90% interest in the Gawler Iron Project in South Australia with potential for a smaller-scale 1-2 million tonnes per annum operation producing similar high-quality concentrates; the company pursues associated infrastructure including a proposed open-pit mine and processing plant near Wudinna a 130-kilometer utilities corridor for slurry process water pipelines and powerlines and a Cape Hardy deep-water port precinct supporting multi-commodity exports such as iron ore grain and green hydrogen products; operations target steel manufacturers seeking low-impurity premium feedstocks with planned output of 24 million tonnes per annum over nearly 30 years from the Central Eyre Iron Project utilizing a competitive-cost beneficiation process; founded in 2007 and headquartered in Adelaide South Australia Iron Road holds mining lease and development approvals granted in 2017 along with federal environmental approval for the Cape Hardy port in 2018. Recent developments include a September 2024 collaboration agreement for the Cape Hardy port precinct a Northern Water land purchase agreement in April 2024 to enable industrial-scale desalination for project water needs multiple Northern Water Cape Hardy updates in 2024 supporting desalination and green hydrogen integration a major shareholder financing facility announced in January 2024 quarterly activities reports through October 2024 confirming ongoing advancement of funding and asset strategies replacement warrants and share issues in mid-2024 and active participation in South Australia's green iron opportunity expression of interest process leveraging the Cape Hardy Industrial Port Precinct's proximity to renewable energy desalination and green hydrogen production from partners like Amp Energy.