Next Steps
• Finalise updated resource/reserve and financial estimates
• Close conditional Sibanye-Stillwater JV agreement to fund $490 million for a 50% share of the
Rhyolite Ridge Project
• Procure and close additional required funding (50:50 basis with JV partner)
• Make a “Final Investment Decision”
• Construction targeted for later in 2025 and is expected to take approximately 36 months
including procurement of long-lead items
• First Production targeted for 2028
So, out of interest, at what point do you or other holders here believe the SP will peak at in above timeframe?
Where would you say INR is exactly on this generic mine lifecycle chart - is it even at “Entry” yet?
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(20min delay)