2008; 16 years ago (2008) in Perth, Western Australia
Founder
Andrew J. Stocks
Headquarters
Adelaide, South Australia
Area served
Eyre Peninsula, South Australia
Key people
Peter Cassidy (Chairman)
Total equity
A$129,456,908 (equivalent to $143,147,565 in 2022) (2017)
Parent
The Sentient Group (74.03% of issued ordinary fully paid shares as at 2020)
Website
http://www.ironroadlimited.com.au
Footnotes / references Source: Iron Road Limited annual report 2017[1]
Iron Road Ltd is an Australian iron ore exploration and mining company, listed on the Australian Securities Exchange (ASX: IRD) in Perth, Western Australia since 2008 with an objective to develop a world class magnetite mine and infrastructure in South Australia. Its two projects were the Central Eyre Iron Project (CEIP), the planned output of which was to be 24 million tonnes per annum of approximately 67 per cent iron concentrate for almost 30 years;[1]: 24 and the Gawler Iron Project, in abeyance as of 2021[update]. The company's corporate office is in Adelaide.
The ultimate parent entity and controlling party is The Sentient Group (incorporated in the Cayman Islands), a manager of closed-end private equity funds specialising in global investments in the natural resource industries, which at 30 June 2020 owned 74.03% of the issued ordinary fully paid shares of Iron Road Limited. [2]: 51 [1]: 55
The South Australian government allotted "major development" classification to the Central Eyre Iron Project and the federal government added the rail and port infrastructure to the national Infrastructure Priority List. The company was granted a 21-year mining lease in 2017 for magnetite mining and minerals processing.[1]: 4
In December 2019 the federal government announced a $25 million grant commitment to support development of the company's proposed Cape Hardy port precinct, expected to cost $250 million.[3][2]: 5 In December 2020, the company announced that former South Australian Premier and farming advocate, Rob Kerin, had been appointed project chair.[3]
In March 2022, directors reported the company's main project, the Central Eyre Iron Project, as "the most advanced greenfield high-grade iron concentrate project in Australia (not yet in construction), hosting Australia’s largest magnetite Ore Reserve with a Definitive Feasibility Study (DFS) and optimisation studies complete."[4]
^ abcd"2017 annual report". Iron Road Limited. 30 June 2017. Retrieved 17 May 2021.
^ ab"2020 annual report" (PDF). Iron Road Limited. June 2020. Retrieved 16 May 2021.
^ ab"Former Premier appointed to head Cape Hardy port development" (PDF). Iron Road Limited. 7 December 2020. Retrieved 16 May 2021.
^"Latest ASX announcements". Iron Road Ltd. 7 March 2022. Retrieved 25 March 2022.
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