“ioneer Ltd (ASX:INR) (OTCMKTS:GSCCF) (FRA:4G1) is trading higher on the successful conversion of lithium carbonate produced at its pilot plant using ore from the Rhyolite Ridge project in Nevada, USA, into battery-grade lithium hydroxide.
The is a key milestone in ioneer’s lithium hydroxide development path and demonstrates the company’s ability to provide both high purity technical-grade lithium carbonate and battery-grade lithium hydroxide to the burgeoning battery EV sector.
Notably, in the DFS study completed in April 2020, the project produced around 20,600 tonnes per annum of lithium carbonate for the first three years, before converting to the production of battery-grade lithium hydroxide in year four for the life of mine (LOM) at 22,000 tonnes per annum, with boric acid production averaging 174,400 tonnes per annum LOM.”
How good. Load up. This is a life changing stock
Ann: December 2020 Quarterly Activities Report, page-22
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