2245 GMT - Ioneer's Rhyolite Ridge lithium-boron project may have become more attractive to investors keen to join its development, according to Ord Minnett. Ioneer yesterday updated the economics of Rhyolite Ridge. It included a 17% increase in lithium-production rates and a 9% rise in boron-output rates. Analyst Patrick Wilson says Rhyolite Ridge's valuation rises by 42%, to US$1.28 billion, in response. "Most importantly, pre-production capex of US$1.7 billion remains unchanged, and does not exacerbate the challenging funding task facing the project," says Ord Minnett. "We consider the improved economics should add further appeal to strategic parties interested in acquiring a stake." Ord Minnett rates Ioneer a "speculative buy." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 03, 2025 18:45 ET (22:45 GMT)
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