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ioneer Limited ( (AU:INR) ) has shared an update.
Ioneer Limited announced a significant upgrade to its Ore Reserve estimate at the Rhyolite Ridge Project, increasing it by 308% to 247 million tonnes. This positions the project as the largest lithium-boron reserve globally, with a 95-year mine life and robust economic metrics, including an after-tax NPV of US$1.367 billion. The company plans to prioritize high-boron ore production to optimize revenue, especially during periods of low lithium pricing. Additionally, Ioneer successfully raised US$16 million through a placement to advance the project, reflecting strong investor confidence and positioning the company in the lowest cost quartile for lithium production worldwide.
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 an emerging supplier in the lithium-boron industry, focusing on the development and production of lithium carbonate and boric acid. The company is primarily focused on its Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada, which is poised to become a significant player in the global lithium market.
YTD Price Performance: -21.88%
Average Trading Volume: 8,903,647
Technical Sentiment Signal: Sell
Current Market Cap: A$332.7M
See more data about INR stock on TipRanks’ Stock Analysis page.