Iron Road Ltd Quarterly Activities and Cashflow Report
Key points
- CEIP mining lease and approvals remain intact
- Iron ore market faced pressure with average prices around US$96-$99/tonne
- TAU-A target drilling commenced in September after weather delays
- CEO Larry Ingle to retire on 6 November 2026
- Cash reserves at quarter end stood at $1.21 million
Full summary
Iron Road Ltd's Quarterly Activities and Cashflow Report for the period ended 30 September 2026 highlights the ongoing stability of the Central Eyre Iron Project (CEIP) with all mining lease and primary approvals in good order. The global iron ore market experienced pressure during Q3 2026, with benchmark prices averaging between US$96-$99 per tonne due to high port inventories and weak property demand. Drilling activities at the TAU-A target in the Irria Prospect, originally delayed by weather conditions, commenced on 25 September 2026. The CEO, Larry Ingle, announced his retirement effective 6 November 2026, with plans to assist the company on an as-needed basis. The company's cash reserves stood at $1.21 million at quarter end.
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