Iron Road Ltd (Iron Road or Company, ASX:IRD) advises that it has received a notice from Amp Energy (Amp) requesting an extension of the previously agreed option exercise date relating to the first of three proposed land parcel purchases by Amp at Cape Hardy, Eyre Peninsula, South Australia.
Amp has the right to an extension of the option exercise date under certain circumstances. Amp's first land parcel purchase option for approximately 24 hectares of gulf-side land is exercisable for $1.0 million and has a current option exercise date of 31 March 2025. Iron Road has sought further information from Amp in order to consider the request for an extension of the option exercise date.
The Company will update the market on the duration and terms of any extension to the option exercise date. Amp's Cape Hardy Green Hydrogen project website provides the latest background to their proposed development
Contact:
Larry Ingle
Chief Executive Officer
Iron Road Ltd
Tel: +61 8 8214 4400
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