GSCCF - Ioneer updates on permitting and Rhyolite Ridge growth potential

(NewsDirect)

Ioneer Ltd (ASX:INR,OTC:GSCCF, NASDAQ:IONR) MD Bernard Rowe tells Proactive he’s highlyencouraged by the latest leach tests that indicate the Rhyolite RidgeProject has the potential to boost the US domestic supply of lithium,a crucial element for electric vehicle batteries. This comes at a timewhen US domestic demand for lithium is on the rise, bolstered by a 15%increase in the 2035 demand forecast, following the passage of the Inflation Reduction Act . Latest leach tests indicate that up to79% of the project’s 360 million tonnes mineral resource can beeffectively processed. Tests targeted low-boron (Type 3)mineralisation, a material previously excluded from the project'seconomic analyses but within the mine footprint.

“Rhyolite Ridge is oneof a limited number of lithium projects in the US expected to beginproduction this decade,” said Rowe.

“These results further reinforce RhyoliteRidge’s unique mineralogy and our ability to deliver these urgentlyneeded battery materials within the existing footprint of our proposedmine site.

“We look forward tocompleting the important federal permitting process, delivering thesecritical and valuable materials and strengthening domestic EV supplychains.”

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Proactive Investors

JonathanJackson

+61 413 713 744

jonathan@proactiveinvestors.com

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