The latest update is out from Iron Road Ltd ( (AU:IRD) ).
Iron Road Ltd has received a scoping study from WSP Australia, confirming the feasibility of a 130km slurry transport system from the CEIP mine to the Cape Hardy Industrial Port Precinct. This system is expected to be more efficient and cost-effective than traditional heavy haulage methods, aligning with investor preferences for DR-grade iron concentrate. The proposed pipeline, designed with proven commercial components, will transport 12Mtpa of iron concentrate and utilize desalinated water, reducing environmental impact and community disruption. The project supports Iron Road’s strategic focus on sustainable and efficient logistics solutions, potentially enhancing its market position in the iron ore industry.
More about Iron Road Ltd
Iron Road Ltd operates in the mining industry, focusing on the extraction and processing of iron ore. The company’s primary project is the Central Eyre Iron Project (CEIP) in South Australia, which aims to produce high-grade iron concentrate suitable for direct-reduced (DR) iron production, catering to the global steelmaking industry’s demand for lower emissions solutions.
YTD Price Performance: -22.50%
Technical Sentiment Signal: Buy
Current Market Cap: $23.37M
See more data about IRD stock on TipRanks’ Stock Analysis page.
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