Ioneer Ltd

June 2023 - Quarterly Activities Report

Ioneer Ltd (“Ioneer” or “the Company”) (ASX: INR, Nasdaq: IONR), an emerging lithium-boron supplier, is pleased to report on its activities for the quarter ending 30 June 2023 and provide an update on the development of its 100%-owned Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada (“Rhyolite Ridge Project” or “the Project”)


Highlights

  • Rhyolite Ridge South Basin Mineral Resource increases by 168% to 3.4 Mt lithium carbonate equivalent (LCE) and 14.1 Mt of boric acid equivalent
  • Ioneer and Dragonfly Energy Partnership to strengthen U.S. lithium battery and storage supply chain
  • Federal permitting process (NEPA) continues to advance with completion of the first public scoping period and progress towards publication of a draft EIS
  • Detailed engineering and procurement activities advancing in preparation for commencement of construction in H1 2024
  • Growth studies (North and South Basins) progressing well with an update on metallurgical testwork expected in August 2023
Ioneer Managing Director, Bernard Rowe said:

“As the world’s demand for lithium in electric vehicle and energy storage increases, the need to secure a reliable, sustainable, and U.S. domestic source of lithium is critical.

Our Project is uniquely positioned in the U.S., and has been engineered to ensure a stable, long- term, socially, and environmentally responsibly mined source of lithium.

This past quarter has continued the Company’s progress toward a Final Investment Decision and commencement of construction.

In April, we updated our Mineral Resource estimate for the South Basin, demonstrating the tremendous growth potential at Rhyolite Ridge. We look forward to building on South Basin extensions and related exploration efforts on the much larger North Basin with similar mineral composition.

In May, Ioneer was pleased to announce a partnership with Nevada-based Dragonfly to deliver these critical electric vehicle battery materials from Rhyolite Ridge.

We continue to make measurable progress in the NEPA process following the completion of the first public scoping period during the quarter and the decision of the Bureau of Land Management (BLM) to publish a Notice of Intent (NOI) in December 2022. The next phase, the release of a draft Environmental Impact Statement (EIS), is expected to be completed in Q3 2023.

The Company is financially well positioned as we approach the final permitting stage with conditional debt and equity commitments of nearly US$1.2 billion.”


Click here for the full ASX Release

This article includes content from Ioneer Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

INR:AU
The Conversation (0)
Lithium Universe

Successful Completion of Tranche 1 Share Placement

Lithium Universe Limited (referred to as "Lithium Universe" or the "Company," ASX: "LU7”) is pleased to announce that further to its announcement dated 31 October 2024 (ASX:LU7 LU7 Completes Share Placement and Launches Entitlement Offer) (Announcement), it has now settled the first tranche of its share placement to sophisticated and professional investors (Tranche 1).

Keep reading...Show less
Red Tesla electric vehicle with lithium-ion battery icon in corner.

Where Does Tesla Get its Lithium? (Updated 2024)

As the energy transition continues to unfold, US electric vehicle (EV) pioneer Tesla (NASDAQ:TSLA) has been making moves to secure supply of the raw materials it needs to meet its production targets.

Lithium in particular has been top of mind for CEO Elon Musk. Back in 2020, the battery metal had a spotlight moment at Tesla’s Battery Day, when Musk shared that the company had bought tenements in the US state of Nevada, and was looking for a new way to produce lithium from clay — a process yet to be proven at commercial scale.

Lithium prices went on to hit all-time highs, but swiftly declined last year and continuing on a downward trend in 2024. Prices for other key battery metals have also decreased as EV sales growth has fallen across most global markets in the face of economic uncertainty and higher interest rates. According to Goldman Sachs research, EV battery costs are at record lows and are forecasted to fall by 40 percent between 2023 and 2025.

Keep reading...Show less
Livium Ltd

Livium Awarded ~A$850k Grant by WA Government to Develop a Battery Recycling Facility

Livium Ltd (ASX: LIT) ("Livium" or the "Company") is pleased to announce that its wholly owned subsidiary Envirostream Australia Pty Ltd ("Envirostream") - which is leading Australia's battery recycling industry - has been awarded a -AS850k grant from the Western Australia ("WA") government. This funding will be used to support the development of Envirostream's battery recycling facility in WA, marking a significant milestone in Envirostream's efforts to build a nationwide solution for electronic waste ("e-waste") management.

Keep reading...Show less
Total Voting Rights

Total Voting Rights

In conformity with the Disclosure Guidance and Transparency Rules ("DTRs") of the Financial Conduct Authority (the "FCA"), CleanTech Lithium, an exploration and development company advancing lithium projects in Chile for the clean energy transition, announces that as at the date of this announcement the Company's issued share capital consists of 167,889,592 ordinary shares of 1p each with voting rights (the "Ordinary Shares").

Keep reading...Show less
Lithium Universe (ASX:LU7)

Entitlement Issue Prospectus

Lithium Universe (ASX:LU7) presents this entitlement issue prospectus.

Keep reading...Show less

Latest Press Releases

Related News

×