Ioneer Announces Major Ore Reserve Upgrade at Rhyolite Ridge

ioneer Limited ( (AU:INR) ) has shared an update.

Ioneer Ltd has announced a significant upgrade in the ore reserve estimate for its Rhyolite Ridge Project, which has quadrupled, alongside the release of strong project economics. This development is expected to enhance Ioneer’s operational capacity and strengthen its position in the lithium-boron market, potentially impacting stakeholders positively by increasing the project’s value and attractiveness to investors.

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 Ltd is an emerging producer in the lithium-boron industry and is the sole owner of the Rhyolite Ridge Lithium-Boron Project. This project is notable for being the only known lithium-boron deposit in North America and a key component of Nevada’s Lithium Loop. The company has secured significant financial backing, including a $996 million loan from the U.S. Department of Energy, and has established offtake agreements with major companies like Ford and a joint venture between Toyota and Panasonic.

YTD Price Performance: -25.00%

Average Trading Volume: 2,898,913

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$282.7M

For an in-depth examination of INR stock, go to TipRanks’ Stock Analysis page.