Ioneer Boosts Rhyolite Ridge Resource Estimate by 45%

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

Ioneer Limited announced a significant 45% increase in the mineral resource estimate for its Rhyolite Ridge Lithium-Boron Project, now totaling 510 million tonnes. This update, based on new drilling data, enhances the project’s economic potential by increasing the measured and indicated resources, which are crucial for future ore reserve estimates. The unique mineralogy of the site allows Ioneer to adjust production between lithium and boric acid based on market conditions, offering a strategic advantage. The project is expected to derive 30-40% of its revenue from boron and 60-70% from lithium, with the updated resource likely to boost ore reserves and reduce mining costs due to the high-grade, shallow mineralization.

More about ioneer Limited

Ioneer Limited operates in the mining industry, focusing on the extraction and production of lithium and boron. The company is primarily involved in the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, which aims to supply these critical minerals for various industrial applications, including the battery and automotive sectors.

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