Central Eyre Iron Project Impairment Charge
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| Stock | Iron Road Ltd (IRD.ASX) |
|---|---|
| Release Time | 20 Feb 2026, 8:21 a.m. |
| Price Sensitive | Yes |
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Iron Road Ltd announces impairment charge for Central Eyre Iron Project
Key Points
- $96.5m non-cash impairment charge to be recognised in Interim Report
- Carrying value for CEIP exploration and evaluation reduced to $28.2m
- Separate $9.9m land holdings at Cape Hardy remain unchanged
Full Summary
Iron Road Ltd has announced that it will recognise a non-cash impairment charge of $96.5m when it lodges its Interim Report for the half-year ended 31 December 2025. This write-down has arisen following the directors engaging an independent expert to review the Company's South Australian Central Eyre Iron Project (CEIP) from an impairment assessment perspective. The amended $28.2m carrying value for CEIP exploration and evaluation, recommended by the independent expert, specifically excludes 1,207 hectares of land holdings at Cape Hardy, Eyre Peninsula. These contiguous land parcels, designated as a separate non-current asset, have an unchanged balance sheet value of $9.9m, reflecting land acquisition costs between 2012-2021.
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