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Ioneer Ltd.
Summary
| Project: | Rhyolite-Ridge | |
|---|---|---|
| Deposit: | Rhyolite-Ridge | |
| Location: | United States | |
| Commodities: | Lithium-Boron | |
| Date: | 6/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 26-6-2019: Ioneer Ltd. announces a Resource Estimation report for its Rhyolite-Ridge deposit at the Rhyolite-Ridge project. Upgraded mineral resource estimate at project. Wednesday, 26 June 2019 – Emerging lithium-boron supplier, ioneer Ltd (ioneer or the | |
| Resources: | (Resource, Total): 154.0Mt @ 1,650ppm Li, 14,100ppm B at project | |
| CP/QP: | [Resources]: Jerry DeWolfe (Golder Associates) | |
| ABSTRACT: | Wednesday, 26 June 2019 – Emerging lithium-boron supplier, ioneer Ltd (ioneer or the Company) (ASX: INR) announces an updated Mineral Resource estimate for its 100%- owned Rhyolite Ridge Lithium-Boron Project (Rhyolite Ridge or the Project) in Nevada, USA. Managing Director of ioneer, Mr Bernard Rowe, commented: “This upgraded Mineral Resource is exactly what we were aiming to achieve with the 2018/2019 drill program at Rhyolite Ridge. “The higher confidence Measured Resource relates to the planned starter pit and due to the significantly higher grades, we can expect to see a material increase in the projected early operating cash flows. “The total Resource has continued to grow with step-out drilling to the south where both the lithium and boron grades are some of the highest we have seen in the deposit. “The lithium-boron mineralisation remains open to the south where it continues to be shallow and we expect further increases to the Resource with additional drilling. “With the recent focus by the US Government on ensuring the supply of critical minerals, ioneer is well placed to become the first major domestic supplier of lithium to the American electric vehicle industry.” The planned starter pit being developed as part of the Rhyolite Ridge Definitive Feasibility Study (DFS) will mine the Measured Resource and is expected to provide stronger cash flows in the early years of the Project compared to the Preliminary Feasibility Study (PFS). These improved cash flows will become evident upon completion of the updated mine plan and schedule currently being undertaken as part of the DFS. Lithium-boron (searlesite) mineralisation is the focus of the DFS as it represents the highest value material. The low-clay and high-searlesite content of the lithium-boron mineralisation allows for a low-cost, simple processing route due to being amenable to low-cost acid leaching. | |
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