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28 October 2021 IRON ROAD QUARTERLY ACTIVITIES REPORT For the period ended 30 September 2021 SEPTEMBER QUARTER REVIEW Cape Hardy port Iron Road Ltd ( IRD or Company ) , Eyre Peninsula Co - operative Bulk Handling ( EPCBH ) and Macquarie Capital ( Macquarie ) are parties to a Joint Development Agreement ( JDA ) based on advancement of the proposed Cape Hardy Stage I multi - user , multi - commodity ( grain - led ) port facility . During the quarter , EPCBH was approached by an agri - commodities trading group with global operations across most jurisdictions , to investigate grain aggregation opportunities on the Eyre Peninsula . Ongoing engagement with EPCBH evolved into wider and more direct Cape Hardy grain handling and export interest with a number of operating models proposed , featuring a reduced Stage I capex estimate and reliance on strategic grower - owned upcountry grain storage . Collaboration between the Joint Developers has enabled several Stage I delivery scenarios to be assessed this year to determine the optimal development pathway for Cape Hardy . The current agreed position has been for Iron Road , to progress in parallel , early stage works for the larger Stage II project that will cater for both high - grade iron concentrate from the Central Eyre Iron Project ( CEIP ) as well as grain exports and additional import / export opportunities . Accelerating political and industry momentum surrounding the green hydrogen thematic ( both domestically and internationally ) positions the 1100+ hectare , unconstrained greenfield Cape Hardy site as a credible long - term and large - scale green hydrogen / green ammonia export gateway for South Australia . The State Government's 2020 Hydrogen Export Prospectus recognises the ideal location of Cape Hardy on the Eyre Peninsula and potential to leverage proximate , large - scale renewable energy resources . This builds further on the tangible recognition and support of the Cape Hardy project from Infrastructure Australia and the Federal Government . Solar build Wind build Liquefaction / conversion Export terminal Storage Transmission Green hydrogen production Desalination plant CCS site Yadimarie- Peninsula Mount Millar Vind Farm 11 Cape Hardy Kadma Ea Modified extract from SA Hydrogen Export Prospectus indicating Cape Hardy's identified potential for green hydrogen production , liquefaction / conversion , desalination plant , storage and export terminal . GPO Box 1164 , Adelaide SA 5001 , Australia | T +61 ( 8 ) 8214 4400 admin@ironroadlimited.com.au | ironroadlimited.com.au | ABN : 51 128 698 108