SUBSCRIBE

Iron Road Limited  ASX:IRD

Company

First Coverage

Current Price

Current Return

Highest Return

Iron Road Limited ASX:IRD

$ 0.185

28-May-21

$ 0.265

39%

89%

View Company Page
Report Date Price Current Return
Our New Investment – ASX: IRD added to Wise-Owl Portfolio 28-May-21 $0.185 43%
With a Rocketing Iron Ore Price, it could be IRD’s Time 08-Jun-21 $0.325 -18%
This is why we invested in ASX: IRD 08-Jun-21 $0.325 -18%

Overview

📋 About: Iron Road (ASX:IRD) is developing a green hydrogen project for iron ore pellet production at South Australia’s proposed Cape Hardy port.

🌏 Macro Themes: With stimulus spending accelerating across the recovering/ post-pandemic globe, iron ore commodity pricing and demand are high, and expected to remain so

Projects:

Central Eyre Iron Project (CEIP)

IRD is the 100% owner of the Central Eyre Iron Project (CEIP), a well advanced, long-life (22 years) iron ore mining, beneficiation and infrastructure development on the Eyre Peninsula, South Australia with excellent mine, road and port infrastructure. IRD has spent approximately $160 million on this project already, meaning it is extremely well-advanced.

Cape Hardy Port

IRD is also developing a multi-user, multi-commodity port infrastructure that can handle Capesize ships, facilitating the export of a wide range of bulk commodities, including Iron Road’s iron ore. The $250M stage I project is being financed by development partners Macquarie Capital and Eyre Peninsula Cooperative Bulk Handling (EPCBH). It is also supported by a $25M Federal Government grant commitment. Construction will start shortly after financial close in Q3, 2021, with completion in early 2023 and IRD will own 25%.

Large-scale green hydrogen production and export hub

Finally, IRD is working with the Hydrogen Utility (H2U), Cape Hardy’s other partner, for the development of a large-scale green hydrogen production and export hub at Cape Hardy, extending over an area of 200ha. H2U intends to build a $240M green ammonia plant at Port Bonython near Whyalla and plans to build a far larger facility at Cape Hardy. 

Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
ErrorHere