Ioneer Limited Quadruples Ore Reserve at Rhyolite Ridge Project

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

Ioneer Limited announced a significant upgrade to its Ore Reserve estimate for the Rhyolite Ridge Project, increasing it by 308% to 247 million tonnes. This upgrade positions the project as the largest lithium-boron reserve globally, with a mine life of 95 years. The project is expected to produce an average of 19,200 tonnes per annum of lithium carbonate equivalent and 116,400 tonnes per annum of boric acid over the first 25 years. The updated economics highlight the project’s low-cost production capabilities, with an all-in sustaining cash cost of US$5,745 per metric tonne of lithium carbonate equivalent, placing it in the lowest cost quartile globally. The project is designed to be flexible, allowing Ioneer to prioritize high-boron ore production during periods of low lithium prices, ensuring stable revenue from boric acid, which accounts for an average of 25% of annual revenue in the first 25 years.

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 is a company operating in the mining industry, primarily focusing on the extraction and production of lithium and boron. Their main project, the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, aims to produce lithium carbonate, lithium hydroxide, and boric acid, positioning the company as a significant player in the global lithium market.

YTD Price Performance: -25.00%

Average Trading Volume: 2,898,913

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$282.7M

For a thorough assessment of INR stock, go to TipRanks’ Stock Analysis page.