ioneer (ASX:INR) said it confirmed a 7% to 14% increase in lithium carbonate and boric acid produced for each tonne of acid consumed in sulfuric acid and reagent efficiency testwork for its Rhyolite Ridge lithium-boron project in Nevada, according to a Thursday Australian bourse filing.
It decreased leach time by around 30%, with the overall vat cycle to be reduced from seven days to around six days, allowing for an increase in mine production throughput of 8% to 16%, compared to the current stage 1 design.
More than half of the project's expected operating costs derive from reagents and transportation.
Its shares fell 6% in recent trading on Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.