Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from ioneer Limited ( (AU:INR) ).
Ioneer Ltd has announced significant improvements in the project economics of its Rhyolite Ridge Lithium-Boron Project by reducing leach retention time, which has increased lithium and boron production. This enhancement positions the project in the lowest cost quartile for lithium production globally, with a stable operating cost structure supported by boric acid revenue. The changes have resulted in a 19% increase in the unlevered life of mine NPV and an 8% increase in IRR, with minimal capital expenditure increase. These advancements are expected to strengthen the supply chain for critical minerals in the US, aligning with the growing demand for lithium and boron.
The most recent analyst rating on (AU:INR) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on ioneer Limited stock, see the AU:INR Stock Forecast page.
More about ioneer Limited
Ioneer Ltd is a company operating in the mining industry, primarily focused on the extraction and production of lithium and boron. Its key project, the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, is notable for its unique mineralogy which allows for efficient on-site production of high-purity lithium and boron chemicals. The company aims to meet the growing strategic demand for these minerals in the United States.
Average Trading Volume: 10,272,150
Technical Sentiment Signal: Buy
Current Market Cap: A$506.9M
Find detailed analytics on INR stock on TipRanks’ Stock Analysis page.