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Rhyolite Ridge Lithium Project Nears Final Investment Decision

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Lithium,Mining,Nevada

Ioneer's Rhyolite Ridge lithium-boron project in Nevada has passed a key environmental permitting milestone, paving the way for a final investment decision and potential production by 2028.

The build of a large-scale lithium project in US is a step closer after a key environmental permitting milestone for the Rhyolite Ridge project in Nevada reached the final stages.Authorities have concluded the Ioneer-owned lithium-boron project will not pose a risk to wildlife or habitats.There is now a "statutory waiting period" to October 21 after which a "record of decision" can be issued.

A definitive feasibility study that is more than four years old estimated capex at US$785 million.Planned funding for the project includes US$490 million of conditional financing from Sibanye-Stillwater and a $700 million conditional loan from US Dept of Energy.Rhyolite Ridge has been pegged to produce more than 20,000t per annum of lithium carbonate and hydroxide , as well as about 174,000tpa of boric acid.Shares in Ioneer were up 5% to A19.

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