Australia's Iron Bear Resources rises to 5-month high as indicated mineral resource increases

Iron Bear Resources

12/05/2026 03:37

** Shares of Iron Bear Resources IBR.AX rise as much as 8.8% to A$0.062, their highest level since December 5, 2025

** The mineral explorer announces indicated mineral resource increased by 114%, up to 4.5 billion tons containing 29.5% total iron and 20.6% magnetic iron

** Indicated mineral resources were previously estimated to be 2.1 billion tonnes

** An increase in indicated mineral resources strengthens project credibility and attracts greater investor interest by demonstrating a larger, well-defined iron ore inventory available for future development.

** Up 14.8% YTD, including the session's moves

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))