Iron Road Ltd ( (AU:IRD) ) has issued an announcement.
Iron Road Ltd has announced the completion of a scoping study by WSP Australia, which supports the feasibility of a slurry transport system for the Central Eyre Iron Project (CEIP). This system is proposed as a more efficient alternative to heavy haulage rail or road logistics, with an estimated capital cost of USD$576 million and operating costs significantly lower than previous estimates. The study highlights the technical feasibility of a 130km slurry pipeline, leveraging high-quality water supply from the proposed Northern Water project, which reduces mine site complexity and capital expenditure. The shift to a finer-grind, higher-grade iron concentrate aligns with industry trends towards reducing emissions, potentially enhancing Iron Road’s market positioning.
More about Iron Road Ltd
Iron Road Ltd is a company operating in the mining industry, focusing on the development of iron ore projects. Its primary project is the Central Eyre Iron Project (CEIP) located in South Australia, which aims to produce high-grade iron concentrate suitable for direct-reduced iron production.
YTD Price Performance: -22.50%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.01M
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