Ioneer Achieves Breakthrough in Lithium-Boron Project Efficiency

The latest announcement is out from ioneer Limited ( (AU:INR) ).

Ioneer Limited has announced a significant breakthrough in its Rhyolite Ridge Lithium-Boron Project, which is set to improve sulphuric acid and reagent efficiency. The testwork indicates a 7-14% increase in lithium carbonate and boric acid production per tonne of acid consumed, achieved by reducing leach time by approximately 30%. This advancement is expected to increase mine production throughput by 8-16% while maintaining minimal increases in costs, positioning the project in the lowest quartile of the lithium cost curve. These developments are crucial as the project nears a Final Investment Decision, with updated economics to be released soon.

The most recent analyst rating on (AU:INR) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on ioneer Limited stock, see the AU:INR Stock Forecast page.

More about ioneer Limited

Ioneer Limited operates in the mining industry, focusing primarily on lithium and boron production. The company is engaged in developing the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, aiming to enhance lithium yield and optimize reagent efficiency.

Average Trading Volume: 2,829,069

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$294.5M

See more data about INR stock on TipRanks’ Stock Analysis page.