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Ioneer Welcomes Decision To List Tiehm’s Buckwheat As An Endangered Species
Ioneer Ltd (“Ioneer” or “the Company”) (ASX: INR, Nasdaq: IONR), an emerging lithium–boron supplier, welcomes the U.S. Fish and Wildlife Service’s (FWS) recent announcement that it has decided to list Tiehm’s buckwheat as an endangered species under the Endangered Species Act (ESA) and designate critical habitat. The decision provides further clarity for the path forward for the development of the Rhyolite Ridge project and is fully in line with Ioneer’s expectations.
FWS announced its intention to list Tiehm’s buckwheat in October 2021 and to designate critical habitat in February 2022. What has been announced today is in line with previous announcements including the area of critical habitat surrounding the plant populations.
Ioneer Managing Director Bernard Rowe said:
“Ioneer fully supports the listing of Tiehm’s buckwheat as an endangered species and critical habitat designation. We are committed to the protection and conservation of the species and have incorporated numerous measures into our current and future plans to ensure this occurs. Our operations have and will continue to avoid all Tiehm’s buckwheat populations.
“We continue to work in partnership with the FWS and the BLM to ensure the long-term conservation and viability of the plant population at Rhyolite Ridge. Through these various efforts, coupled with the existing scientific understanding of the plant, Ioneer remains highly confident that Tiehm’s buckwheat and the Project – a critical asset to ensure a sustainable planet for all species – will successfully co-exist.”
The protection and conservation of Tiehm’s buckwheat is a key component in Ioneer’s environmental stewardship and incorporated into all aspects of our planning and permitting activities. In July 2022, the Company submitted to the U.S. Bureau of Land Management (BLM) a revised Plan of Operations that incorporated additional key commitments relating to buckwheat conservation:
- Avoiding direct impacts to all Tiehm’s buckwheat populations;
- Minimising and mitigating indirect impacts utilising standard operating measures; and
- Minimising disturbance within designated critical habitat.
Ioneer’s ongoing conservation efforts for Tiehm’s buckwheat are aimed at addressing current and future threats to the species, including climate-related threats. Under the supervision of a full-time botanist, the Company is conducting scientific research to further increase knowledge of the species and is now operating a dedicated greenhouse in Nevada where plants are being successfully grown from seed collected from the known populations.
For more information on Ioneer’s Tiehm’s buckwheat conservation efforts, please visit: https://www.ioneer.com/sustainability/environment-tiehms-buckwheat-conservation/
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.
Jindalee Lithium Limited (ASX: JLL) – Reinstatement to Quotation
Description
The suspension of trading in the securities of Jindalee Lithium Limited (‘JLL’) will be lifted immediately following the release by JLL of an announcement regarding a prefeasibility study and the receipt of a response to an ASX price query.
ASX Compliance
Click here for the full ASX Release
This article includes content from Jindalee Lithium Limited, 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.
McDermitt PFS Demonstrates Multi-Decade Competitive Source of US Lithium Carbonate
Jindalee Lithium Limited (Jindalee, the Company; ASX: JLL, OCTQX: JNDAF) is pleased to advise that its recently completed Pre-Feasibility Study (PFS), on the Company’s 100% owned McDermitt Lithium Project (currently the largest lithium Resource in the USA) (McDermitt or the Project), has demonstrated strong economic returns over an initial project life in excess of 40 yearsi
Highlights include:
- Lithium Carbonate Production: Forecast production of 1.8 million tonnes battery grade Lithium Carbonate over first 40 yearsi, supporting the growing US battery supply chain
- Average Annual Lithium Carbonate Production:
- Strong Financial Metrics (first 40 yearsiii): Ungeared, using flat US$24,000/t lithium carbonate priceiv
- Post-tax NPV8 of US$3,229Mv
- Post-tax IRR of 17.9%
- Payback period under 5 yearsvi
- NPV break even pricevii of ~US$14,600/t of lithium carbonate
Note: PFS price assumption for lithium carbonate is based on long term incentive priceiv which exceeds current Chinese spot pricexiii
- Generational Project with Life in Excess of 40 years: The PFS processing schedule (Processing Schedule) supports a 63 year production life, however the production target and forecast financial information excludes any production post 40 yearsi
- Processing Studies and Capital Estimate prepared by Fluor Corporation (Fluor)viii: US$3.02B capital estimate, including 21%ix contingency, prepared by Fluor - a leading US and global engineering and construction company with deep experience in US sedimentary lithium projects
- EBITDAx Marginxi: 66% over the first 10 yearsi of operations, with C1 costs in the bottom half of industryxii and 17% pre-tax net operating cashflow margins (including sustaining capital) at current spot pricesxiii
- Maiden Probable Ore Reserve (JORC 2012) of 251Mt @ 1,751ppm lithium, containing 2.34Mt of Lithium Carbonate Equivalent (LCE)xiv, accounts for 79%xv of forecast production in the PFS Processing Schedule but represents only ~10% of current Mineral Resource on a contained LCE basis, highlighting future optionality
- Cost Reduction and Sustainability: Opportunities for cost reduction and enhanced sustainability outcomes through the recently announced strategic agreement with the US Department of Energyxvi
- Potential Partnerships: PFS completion allows for deeper engagement with a broader pool of potential strategic funding partners as well as the US Government agencies, which continue to actively support domestic US critical minerals production
Jindalee’s CEO Ian Rodger Commented:
The completion of this PFS is a pivotal milestone for Jindalee and our wholly owned McDermitt Lithium Project, underscoring McDermitt’s strategic potential as a large-scale, long-life competitive source of “American-made” lithium chemicals for the US battery supply chain.
Among the study's key achievements is the successful bench-scale test work, which validated our flowsheet and confirmed the production of battery-grade lithium carbonate with high recovery rates. While the PFS demonstrates McDermitt’s compelling value, we remain committed to further enhancing cost efficiency and sustainability as we responsibly advance the Project, delivering value for all stakeholders.
We are excited by the recent finalisation of Section 45X tax credit regulations under the Inflation Reduction Act, which represents a significant shift in support for domestic lithium projects. By expanding eligible costs specifically for integrated mining and refining operations—those producing a finished critical mineral product like lithium carbonate—the policy now more effectively targets projects like McDermitt, which is designed to produce battery-grade lithium chemicals domestically. This alignment with US energy security goals reflects a commitment to reducing dependency on foreign suppliers by incentivising long-life, fully integrated supply chain solutions within the US.
The completion of the PFS delivers, for the first time, the production metrics and cost estimates needed to engage meaningfully with potential strategic partners, accelerating discussions with a solid technical and financial foundation. It also provides a catalyst for re-engaging with US government agencies on potential future funding, building on our current Department of Defense grant application, which could co-fund the next phase of development.
Jindalee has an exciting 12 months ahead as we advance our Exploration Plan of Operations, targeted for mid- CY2025. This will enable a significant infill drilling campaign to inform a future feasibility study and associated test work. With a robust PFS and encouraging early interest from prospective partners, we look forward to building on this momentum as we evaluate the next steps for McDermitt.
I extend my sincere thanks to the Jindalee team and our consulting partners, Fluor Corporation and Cube Consulting, whose expertise was instrumental in delivering the PFS.”
Click here for the full ASX Release
This article includes content from Jindalee Lithium Limited, 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.
Spodumene Pegmatite Discovery at Esperança Project in Brazil Yields LIBS Results up to 4.04% Li2O
Lightning Minerals (L1M or the Company) is delighted to announce the discovery of spodumene within a lithium bearing pegmatite at the Company’s recently acquired Esperança project. The discovery supports the Company’s approach to exploration in the district and its positive assessment of the prospectivity within the Lithium Valley region Minas Gerais, Brazil.
The discovery has been made during early-stage exploration programs which include project scale geological mapping, ground reconnaissance, and soil sampling. These early-stage programs remain ongoing with further results to come over the coming weeks. The discovery supports the Company’s exploration thesis and uplifts the remaining prospectivity across all three project areas: Canabrava, Caraíbas and Esperança projects.
HIGHLIGHTS
- Artisanal excavations reveal a lithium bearing pegmatite with elongate crystalline spodumene crystals up to 50cm in length
- LIBS (Laser Induced Breakdown Spectroscopy) results of spodumene crystals return up to 18,800 ppm Lithium, or 4.04% Li2O
- Discovery provides walk up drill target for fully funded drilling campaign to begin Q1 2025
- Soil sampling and geological mapping continues across the Esperança, Canabrava and Caraíbas projects with further results due over the coming weeks
Lightning Minerals Managing Director Alex Biggs said, “I am highly encouraged by these results from Brazil. As I have spoken about, as a team we are committed to discovery and completing our works in a diligent and structured manner, the proof of which is in these results. The Company is progressing its projects in Brazil quickly and cost effectively and generating significant results for the business which we feel will be transformational. I am proud of and congratulate our geology teams both in Australia and Brazil who have conducted themselves in a professional and astute manner which has been crucial in making a discovery such as this. This is a great first step for us in Brazil and is testament to the prospectivity of the region as I have discussed previously. We look forward to drilling in Q1 2025 and further results to come imminently from all three project areas in Brazil. I would also like to thank our shareholders who have supported our vision and exploration strategy. As a Company we are firmly committed to the lithium thematic and firmly committed to Brazil where we see significant potential moving forwards”.
Lithium Discovery at Esperança Project
During geological mapping fieldwork conducted in mid-November 2024 field geologists encountered a previously unknown historical artisanal mine within the Esperança project area. The site presented with a small access which opened into a set of sub vertical shafts sunk several meters into schists of the Salinas formation. Upon investigation the geology team has discovered pegmatitic lithologies in the walls of the excavations, of which the suite of minerals indicates inclusion of macro crystalline (up to 50cm) elongate crystals of spodumene as shown in Figure 1(a) and Figure 1(b).
Figure 1a (left): Brazilian geologist Vitor Araujo Alves showing the spodumene rich portion of the zoned pegmatite discovered at the Esperança Property. Figure 1b (right): Large elongate spodumene crystals (Spd) up to 50cm in length showing homogeneous growth patterns amongst a quartz (Qtz) and Feldspar (Fdsp) rich matrix
The Company’s geologists have collected selective mineral specimen grab samples in sample VLM207 (Figure 2). Six separate minerals have been analysed via a SciAps Z-903 hand-held LIBS (Laser-Induced Breakdown Spectroscopy) device which has returned lithium endowment of up to 18,800 ppm lithium, which equates to a lithium oxide percentage of 4.04% Li2O.
The SciAps Z-903 handheld LIBS device is considered a qualitative analysis technique only and is used as an in-field preliminary check to establish if a mineral is lithium-bearing. Certified laboratory assays are required to provide accurate, quantitative analysis. A table of the six SciAps Z-903 handheld LIBS results testing the spodumene crystals is shown in Table 1. A full table of results are presented in Appendix 2, Table 2.
While the current field observations indicate that the mineral identified is a lithium-bearing mineral, the percentage of lithium produced from the LIBS analyser does not correlate to an accurate quantitative measurement of the lithium concentration of the mineral itself, or to the overall grade of the pegmatite.
Click here for the full ASX Release
This article includes content from Lightning Minerals, 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.
Exclusive Interview with Forward Water Technologies CEO Howie Honeyman
In a recent interview, Forward Water Technologies (TSXV:FWTC) CEO Howie Honeyman said the company plans to accelerate adoption of its water treatment technology through successful demonstrations and results from on-site projects.
Forward Water’s innovative approach to water treatment has the potential to fundamentally alter how industries manage wastewater with high brine content, offering a low-energy, cost-effective alternative, according to Honeyman.
This low-energy consumption not only minimizes operational costs, but also significantly reduces environmental footprints, paving the way for more sustainable water management practices, he said. The implications are crucial for industries keen on reducing their carbon footprint while maintaining efficiency in operations.
Watch the full interview with Howie Honeyman, CEO of Forward Water Technologies.
Holding(s) in Company
The Board of CleanTech Lithium announces that the Company has received the following TR-1 notification which is set out below without amendment.
For further information contact: | |
CleanTech Lithium PLC | |
Steve Kesler/Gordon Stein/Nick Baxter | Jersey office: +44 (0) 1534 668 321 Chile office: +562-32239222 |
Or via Celicourt | |
Celicourt Communications Felicity Winkles/Philip Dennis/Ali AlQahtani | +44 (0) 20 7770 6424 |
Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Asia Szusciak | +44 (0) 20 7628 3396 |
Fox-Davies Capital Limited (Joint Broker) Daniel Fox-Davies | +44 (0) 20 3884 8450 |
Canaccord Genuity (Joint Broker) James Asensio | +44 (0) 20 7523 4680 |
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | CleanTech Lithium- CTL LN | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | ||||||
Other (please specify) iii: | ||||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Tim Leslie | |||||
City and country of registered office (if applicable) | London, UK | |||||
4. Full name of shareholder(s) (if different from 3.) v | ||||||
Name | ||||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reachedvi: | 11/11/2024 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 13/11/2024 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | |||
Resulting situation on the date on which threshold was crossed or reached | < 3% | < 3% | n/a | |||
Position of previous notification (if applicable) | ||||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type of ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | ||||||
JE00BPCP3Z37 | n/a | < 3% | |||||||
SUBTOTAL 8. A | n/a | ||||||||
B 1: Financial Instruments according to DTR5.3.1R (1) (a) | |||||||||
Type of financial instrument | Expiration | Exercise/ | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) | |||||||||
Type of financial instrument | Expiration | Exercise/ | Physical or cash Settlementxii | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii | X | |||
Full chain of controlled undertakings through which the voting rights and/or the | ||||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
10. In case of proxy voting, please identify: | ||||
Name of the proxy holder | ||||
The number and % of voting rights held | ||||
The date until which the voting rights will be held | ||||
11. Additional informationxvi | ||||
Place of completion | London, UK |
Date of completion | 13.11.2024 |
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Announcement by Cyclone Metals Ltd
European Lithium Limited (ASX: IEUR, PRA: P1=8, OTC: EULIF) (European Lithium or the Company) refers its shareholders to the announcement made by Cyclone Metals Ltd (CLE) (ASX: CLE) today entitled "Memorandum of Understanding between Vale S.A. and Cyclone Metals for the development of the Iron Bear Project" and attached to this announcement.
European Lithium holds 74,101,028 shares in CLE representing 10.66% of the total share capital.
This announcement has been approved for release on ASX by the Board of Directors.
Click here for the full ASX Release
This article includes content from European Lithium, 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.
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