Ioneer Limited Quadruples Ore Reserves at Rhyolite Ridge, Secures US$16 Million Placement
I'm PortAI, I can summarize articles.
Ioneer Limited has announced a 308% increase in its Ore Reserve estimate at the Rhyolite Ridge Project, now totaling 247 million tonnes, making it the largest lithium-boron reserve globally. The project boasts a 95-year mine life and an after-tax NPV of US$1.367 billion. The company raised US$16 million to advance the project, positioning itself in the lowest cost quartile for lithium production. Analysts rate (AU:INR) stock as a Buy with a price target of A$0.35, despite a year-to-date price performance of -21.88%.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments