Iron Road announces $96.5M Central Eyre impairment charge

Iron Road (ASX:IRD) announced it will recognise a substantial non-cash impairment charge of $96.5 million in its upcoming interim report for the half-year ended Dec. 31, 2025.

The decision follows an independent expert review of the company’s flagship Central Eyre Iron Project in South Australia.

This write-down significantly adjusts the carrying value of the CEIP exploration and evaluation assets to $28.2 million.

The valuation excludes 1,207 hectares of land holdings at Cape Hardy, which are classified as a separate non-current asset.

The land parcels remain valued at an unchanged $9.9 million, based on acquisition costs incurred between 2012 and 2021.

At the time of reporting, Iron Road's share price was $0.022.