BUZZ-Australia's Iron Road falls on termination of joint development deal

Reuters09-02

** Shares of Iron Road fall as much as 4.2% to A$0.069, their lowest since May 14

** Stock posts its biggest intraday pct fall since Aug 15

** The mineral explorer says it has terminated a legacy joint development agreement, side agreement and financial advisory engagement entered in 2020 with Macquarie Capital

** Says executed a Cape Hardy collaboration agreement with Macquarie Capital upon the termination

** Adds new agreement is related to potential common user infrastructure developments and any Cape Hardy export facility within the Cape Hardy Industrial Port Precinct

** Stock has risen 7.5% this year, as of last close

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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