• Received fourth tranche of US$2.0m from Vale
• Completed environmental baseline studies
• Indicated Mineral Resource increased by 114%
• Submitted application for Project of National Significance
• Engaged with First Nations communities

Iron Bear Resources Limited (ASX: IBR) provided an operational and financial update for the quarter ending June 2026. The company received the fourth tranche of US$2.0 million from Vale under their Development Agreement for the Iron Bear Project. IBR completed initial environmental baseline studies for the project, conducted by credentialed firms. The company also announced a significant increase in the Indicated Mineral Resource from 2.1 billion tonnes to 4.5 billion tonnes. IBR submitted an application to the Canadian government for the Iron Bear Project to be recognized as a Project of National Significance, which could streamline approvals and provide access to federal funding. The company continued to engage with First Nations communities and submitted exploration permit applications for its New Zealand projects.