Iron Road Limited (ASX: IRD) – $0.150

27 Feb 2015

Iron Road Limited (ASX: IRD) has added 819 million tonnes to its Mineral Resource at the Central Eyre Iron Project located in South Australia (Figure 1).


IRD Central Eyre Iron

Figure 1. Location of Central Eyre Iron Project



The Total Mineral Resource estimate now stands at 4.5 billion tonnes at an average grade of 16% iron. The Measured and Indicated categories make up 3.5 billion tonnes or 77% of the overall Mineral Resource.


The company has engaged the Thiess-RWE Joint Venture to complete the updated detailed mining model as part of the Central Eyre Iron Project Definitive Feasibility Study.



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