Ioneer Ltd (IONR)

[TradingCharts]

The NEPA process culminates in the BLM’s Record of Decision (ROD), which represents the Department of Interior’s final decision on Ioneer’s application for an approved Plan of Operations. An approved Plan will allow the Company to commence construction of the Rhyolite Ridge Project. The Company’s current best estimate is that a ROD would be received in 1Q 2024.

To optimize the revised Plan and allow for mining to commence at the southern limits of the deposit, Ioneer will undertake further drilling activity at the southern extension of the ore body as soon as a positive ROD is received. The Company intends to complete the drilling, optimize the mine plan and update capital and operating cost estimates before making a Final Investment Decision (FID). This work is underway, with the exception of the drilling program. The 24-month construction estimate remains unchanged, with first production expected in 2026.

https://nevadabusiness.com/2022/12/ioneers-rhyolite-ridge-project-advances-into-final-stage-of-permitting/