INR 0.00% 20.5¢ ioneer ltd

External News & Commentary, page-1214

  1. 2,510 Posts.
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    Thanks Kevo,

    That was my thought's too, surely they will just give a buffer zone and continue.

    I went digging and found these maps this morning, grid square is 1 kilometre.

    DFS - 'The South Basin within the project boundaries measures 6 kilometers by 2 kilometers and covers an area of 800 hectares' (1976.84 acres)

    Critical area is 910 acres, which is substantial, almost half the project area.

    For me, in my opinion, not advice, this changes the fundamentals of the project.

    I still believe they will mine the lithium / boron (some of it atleast) one way or another but there will need to be an updated plan on this, one which I'm yet to see.

    But I feel like the 'Pollinator' critical area, which is a much larger than expected area of 910 acres rather than 10 acres is an unfair blow.

    INR have no choice but to find a solution, with their solid management, anticipated JV funding, resource in ground and contracts. I'm sure they will find a way and once that plan is public and I can run the numbers I would happily hold again.



    Last edited by michaelhaley: 05/02/22
 
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