Ioneer Ltd (ASX:INR) Quadruples Ore Reserve and Strengthens Rhyolite Ridge Project
Ore Reserve Expansion
Ioneer Ltd has increased the ore reserve of its Rhyolite Ridge Project from 60 to 247 million tonnes, underpinning a mine life of 95 years.
Project Economics
Updated economics confirm the strength and resilience of the project at current weak lithium prices, with an unlevered NPV of US$1,367 million and a levered NPV of US$1,469 million.
Production Update
The project will produce an average of 21,200 tonnes of lithium carbonate equivalent (LCE) and 116,400 tonnes of boric acid annually, based on the updated ore reserves.
Strategic Partnerships
Ioneer has initiated a strategic partnering process with Goldman Sachs to accelerate the development of the Rhyolite Ridge Project, aiming to secure an equity partner.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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