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ioneer Limited ( (AU:INR) ) has provided an announcement.
Ioneer Limited announced a significant upgrade to the Ore Reserve estimate for its Rhyolite Ridge Project, increasing it by 308% to 247 million tonnes. This positions the project as the largest lithium-boron reserve globally, with a mine life of 95 years. The updated reserve supports a low-cost, long-life operation, producing lithium carbonate and boric acid, with the latter accounting for 25% of annual revenue in the first 25 years. The project is expected to maintain profitability even during low lithium price cycles, with an after-tax NPV of $1.367 billion and an IRR of 14.5%.
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 focused on the extraction and production of lithium and boron. Its flagship project is the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, which aims to produce lithium carbonate, lithium hydroxide, and boric acid. The company is listed on the Australian Securities Exchange (ASX) and the Nasdaq.
Average Trading Volume: 3,351,656
Technical Sentiment Signal: Sell
Current Market Cap: A$270.9M
See more data about INR stock on TipRanks’ Stock Analysis page.