INR 0.00% 13.5¢ ioneer ltd

80c by end of Oct 2021, page-78

  1. 3,091 Posts.
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    1. what will be the the total amount of ore mined (spod) - can we assume it will be around 300KT p.a ? Ioneer isnt a spodumene producer. We are leaching from a searlsite deposit. Off memory this converts to 1 ton of lithium and ~7 tons Boric Acid. Boric acid is a co-product.
    2. when will they reach the total (whatever that is) ? How long is a piece of string? Ioneer has room for expansion to the south, east and north of the initial start up pit. We then also have the northern basin. I honestly think that the 20k tons per annum is laughable, once we have permit we will be seeing this figure double and triple in time. Especially with Sibanye as a JV partner (mining know how).
    3. will INR be doing the spod -> LiHO conversion? Searlsite conversion comes after year 3, however this depends on our JV partner and what our offtake partners require. If the price is right Ioneer could set up the project as Hydroxide from the get go.
 
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