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Ioneer Ltd.
Summary
| Project: | Rhyolite-Ridge | |
|---|---|---|
| Deposit: | Rhyolite-Ridge | |
| Location: | United States | |
| Commodities: | Lithium-Boron | |
| Date: | 4/30/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 30-4-2020: Ioneer Ltd. announces a Resource Estimation report for its Rhyolite-Ridge deposit at the Rhyolite-Ridge project. Updated Mineral Resources and Reserves for Project. Thursday, 30 April 2020 – ioneer Ltd (‘ioneer’ or the ‘Company’) (ASX: INR), an | |
| Resources: | (Reserves, P+P): 60Mt @ 1,800ppm Li, 15,400ppm B | |
| CP/QP: | [Resources]: Jerry DeWolfe (Golder Associates) | |
| ABSTRACT: | Thursday, 30 April 2020 – ioneer Ltd (‘ioneer’ or the ‘Company’) (ASX: INR), an emerging lithium-boron supplier, is pleased to announce a 280% upgrade to the Ore Reserve estimate for its 100%-owned Rhyolite Ridge Lithium-Boron Project (‘Rhyolite Ridge’ or the ‘Project’) in Nevada, USA. Golder Associates Inc. (‘Golder’) estimated the Mineral Resource and Ore Reserve and provided the mining study for the Rhyolite Ridge Definitive Feasibility Study (‘DFS’). This represents an increase of 0.42 mt of lithium carbonate and 4.3 mt of boric acid compared to the previous (December 2018) Ore Reserve. Approximately half of the Ore Reserve is now classified as Proved, the highest confidence category, with lithium and boron grades in the Proved Reserve higher than those in the Probable Reserve category. Managing Director of ioneer, Mr Bernard Rowe, commented: Lithium grades are highest in the southwest portion of the South Basin, where the planned Stage 1 quarry of the DFS is located. The Stage 1 quarry will source ore exclusively from the Proved Ore Reserve detailed below. The DFS financial analysis shows that these significantly higher than average lithium grades provide stronger cash flows in the early years of the operations. | |
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