• Central Eyre Iron Project (CEIP) maintained in good order for future investment
• Iron ore market experienced volatility with prices peaking in May and decreasing by June
• TAU-A nickel-copper-gold target drilling postponed due to flooding
• Corporate expenditure reduction measures implemented to preserve assets
• Cash reserves at quarter end: $0.86 million, no debt

Iron Road Ltd's June quarter review highlights the preservation of its Central Eyre Iron Project (CEIP) through corporate expenditure reduction measures. The iron ore market saw volatility with prices peaking in May and decreasing by June. Drilling activities for the TAU-A nickel-copper-gold target were postponed due to flooding. The company ended the quarter with cash reserves of $0.86 million and no debt. Exploration and evaluation expenditure was $568k, primarily for Mining Lease Rental and TAU-A drilling preparation. The company sold surplus fixed assets for $388k. Executive Director Glen Chipman's tenure ended, leading to a recalibration of management costs. The company is exploring project acquisition opportunities to enhance investment appeal.

Iron Road Ltd expects to continue operations and meet business objectives through fundraising activities.

Iron Road Ltd reasonably expects to raise further funds to progress its projects. The company will reduce corporate expenditure if necessary to meet planned expenditures.