ioneer (US:IONR)2025-10-20 22:00Project Overview - Rhyolite Ridge is a rare lithium-boron deposit in the U S [25, 28] - The project has strong economics with a Net Present Value (NPV) of $2 0 billion and an Internal Rate of Return (IRR) of 20 9% (levered) [26] - The project is construction ready and fully permitted [24, 26] Boron Market - Southwest USA and Turkey account for approximately 80% of global boron production [18] - The U S Department of Defense (DoD) consumed over 35 thousand tonnes of boron carbide for military applications in 2023 [24] - Boron is used in over 300 separate applications and is critical for energy, defense, and aerospace [18] Resource and Reserve Estimates - The South Basin Mineral Resource is estimated at 539 458 Ktonnes [49] - This resource contains 4 067 Kt of Lithium Carbonate Equivalent (Li2CO3) and 14 733 Kt of Boric Acid (H3BO3) [49] - The South Basin Ore Reserve is estimated at 260 341 Ktonnes [51] - This reserve contains 2 010 Kt of Li2CO3 and 7 742 Kt of H3BO3 [51] Company Information - As of October 20, 2025, the company had 2 7 billion shares outstanding [38] - As of September 30, 2025, the company's cash balance was $21 8 million [38]