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Iron Road Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary27 Jan, 2026
Executive summary
Maintained modest expenditure on the Central Eyre Iron Project (CEIP) while preparing for Q1 2026 engagement with Asian steelmakers, leveraging third-party advisory support in the steel supply chain.
Entered a staged farm-in and joint venture with Red Tiger Resources over the Mulgathing Project, with Stage 1 drilling completed and Stage 2 RC drilling planned for nickel-copper-gold targets.
Provided updates on Cape Hardy land purchase options, with one option lapsing and two remaining under exclusivity for hydrogen development.
Financial highlights
Ended the quarter with cash reserves of $1.8 million and no debt.
December quarter exploration and evaluation expenditure totaled $267k, with $170k related to Mulgathing Project drilling.
Cash flows included a $259k financing expense for final repayment of a share prepayment facility, closing out the arrangement.
Net cash used in operating activities was $361k for the quarter.
Net cash used in investing activities was $264k for the quarter.
Estimated 2.8 quarters of funding available based on current cash and outgoings.
Outlook and guidance
Focus remains on long-term engagement with potential strategic partners amid subdued global investment climate for iron ore projects.
HMS assay results and follow-up plans for the Mulgathing Project expected in February 2026.
Stage 2 RC drilling at the Irria Prospect to evaluate nickel-copper-gold potential is being planned.
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Next Iron Road earnings date
H1 202618 Feb, 2026
Iron Road
Next Iron Road earnings date
H1 202618 Feb, 2026
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Frequently asked questions
Iron Road Limited is an exploration and development company focused on the mining and production of iron ore. The company’s flagship project is the Central Eyre Iron Project (CEIP) in South Australia, which aims to produce high-quality iron ore concentrates for use in steelmaking. The company is headquartered in Adelaide, South Australia, and its shares are listed on the Australian Securities Exchange (ASX).
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