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Iron Road (IRD) investor relations material
Iron Road AGM 2025 Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Corporate overview and capital structure
Market capitalisation stands at $35.8M with 832.2M shares on issue and $2.7M cash as of September 2025.
Board and management hold 4% of shares, with Sentient Global Resources Funds as a major shareholder at 65.9%.
No debt reported, resulting in an enterprise value of $33.1M.
Central Eyre Iron Project (CEIP) status and value drivers
CEIP is 100% owned and recognized as one of the few advanced, high product grade, greenfield iron ore projects globally.
Holds Australia’s largest magnetite Ore Reserve with 3.7Bt @ 15% Fe, generating 589Mt @ ~67% Fe concentrate.
Registered ILUA with Barngarla Traditional Owners and strong government relationships.
Cape Hardy landholding validated for industrial-scale desalination and port development.
Market cap is heavily discounted compared to audited net asset value of $137.5M.
Product credentials and processing optionality
Test work confirms ability to produce premium Sinter Feed (~67% Fe) and Direct Reduction (DR) grade (~70% Fe) iron ore concentrates.
Flowsheet flexibility due to coarse magnetite grain size; product optionality for both blast furnace and electric arc furnace markets.
DR grade concentrate and potential pellet manufacturing at Cape Hardy could enable a green iron production chain.
Final flowsheet and production scale depend on securing a strategic investor or partner.
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