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Ioneer Ltd.
Summary
| Project: | Rhyolite-Ridge | |
|---|---|---|
| Deposit: | Rhyolite-Ridge | |
| Location: | United States | |
| Commodities: | Lithium-Boron | |
| Date: | 2/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-2-2019: Ioneer Ltd. announces an Exploration/Drilling Update report for its Rhyolite-Ridge deposit at the Rhyolite-Ridge project. Drilling results incl. 94.5m @ 1848ppm Li, 2.0% B from 134.1m. Wednesday, 20 February 2019 – Emerging lithium-boron suppli | |
| Resources: | (Reserve, Prob.): 15.8Mt @ 1900ppm Li, 12200ppm B for 31Kt Li contained | |
| CP/QP: | [Overall Report]: Bernard Rowe (Internal) | |
| ABSTRACT: | Wednesday, 20 February 2019 – Emerging lithium-boron supplier, ioneer Ltd (ioneer or the Company) (ASX: INR) today announced further drilling results for its 100%-owned Rhyolite Ridge Lithium-Boron Project (Rhyolite Ridge or the Project) in Nevada, USA. A 45-hole (9,000m) drilling program completed in late January was designed to increase the confidence of the Ore Reserve estimate by infill drilling of the planned starter pit and to test for southern extensions of mineralisation outside of the current Ore Reserve. Results received for the first 17 of the 45 holes are highly encouraging with lithium and boron grades consistently higher than the Ore Reserve grades. In the group of ten holes drilled during this program at the southern end of the deposit, grades are approximately 15% higher for lithium and 20% higher for boron when compared to the Ore Reserve grades used in the 2018 Pre-Feasibility Study (PFS). Results from this drilling program are being incorporated into an updated Mineral Resource, Ore Reserve and mine plan for the DFS. The high-grade lithium-boron mineralisation remains open to the south and additional drilling is being planned to test for further extensions. Managing Director of ioneer, Mr Bernard Rowe, commented: “The recently completed drilling program at our Rhyolite Ridge Lithium-Boron Project has further extended lithium-boron mineralisation and confirmed high-grade shallow mineralisation around the southern end of the deposit. “The strong lithium and boron grades within the proposed starter pit are expected to provide stronger cash flows in the early years of the Project. | |
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