Proactiveinvestors Australia ioneer Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia ioneer Ltd RSS feed en Sun, 21 Jul 2019 00:57:12 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - ioneer shares lift on potential takeover rumours ]]> https://www.proactiveinvestors.com.au/companies/news/223784/ioneer-shares-lift-on-potential-takeover-rumours-223784.html ioneer Ltd (ASX:INR) shares opened up 9.4% this morning at 17.5 cents on speculation surrounding it being a takeover target.

An article today in The Australian newspaper suggested ioneer could be on the radar of Rio Tinto (ASX:RIO).

Notably, ioneer's board contains non-executive director Alan Davies, a former Rio executive.

Davies is a well-known natural resources and industrial executive with a 20-year career with Rio Tinto culminating in being CEO responsible for energy and industrial minerals.

Davies recently purchased company shares

Recently, Davies purchased 384,254 ioneer shares for about $50,337 through on-market trades.

This purchase increases his overall holding (direct and indirect) in the company to about 2.75 million shares and 857,710 options.

READ: ioneer produces high-purity boric acid from pilot plant, shares rise

ioneer released a pre-feasiblity study (PFS) in October 2018 for its Rhyolite Ridge project demonstrating its scale, long life and low-cost.

Developing the project would make ioneer the largest lithium producer in the United States.

With forecast annual production of 20,200 tonnes lithium carbonate and 173,000 tonnes boric acid, Rhyolite Ridge will be a globally significant producer of both lithium and boron.

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Fri, 12 Jul 2019 11:28:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223784/ioneer-shares-lift-on-potential-takeover-rumours-223784.html
<![CDATA[News - ioneer produces high-purity boric acid from pilot plant, shares rise ]]> https://www.proactiveinvestors.com.au/companies/news/223321/ioneer-produces-high-purity-boric-acid-from-pilot-plant-shares-rise-223321.html ioneer Ltd (ASX:INR) has produced boric acid from the pilot plant processing ore from its 100% owned Rhyolite Ridge Lithium-Boron Project in Nevada, US.

The pilot plant which is based in Vancouver, Canada forms a key part of the definitive feasibility study (DFS) due for completion this September quarter.

The main run of processing Rhyolite Ridge ore will continue for several weeks, premium quality boric acid has been produced with lithium carbonate expected to follow.

Output from the plant will provide lithium and boron products within defined industry specifications for supply to potential customers as part of ongoing off-take negotiations.

READ: ioneer non-executive director snaps up more shares

ioneer’s managing director Bernard Rowe said: “The pilot plant enables us to demonstrate the integrated process flowsheet, produce lithium carbonate and boric acid for marketing activities and collect the required data for the engineering design and scale up.

“The initial production of boric acid has resulted in premium quality product which will be well received by the market and suitable for toughened glass products such as phone and television screens. We are now sending the first of our boric acid samples to potential off-take customers who have expressed strong interest in our product.

“We expect the pilot plant will demonstrate the ability of Rhyolite Ridge to produce premium end-products using a highly efficient and low-cost process, which can be readily scaled for commercial production.

“The successful result from the initial run of ore through the pilot plant gives us strong confidence that our commercial process is both straightforward and scalable."

Chemical analysis of boric acid from Rhyolite Ridge Pilot Plant

As detailed below, the initial boric acid produced by the pilot plant contains very low levels of impurities and is a premium-grade product.

READ: ioneer upgrades lithium-boron resource by 27% at Rhyolite Ridge

ioneer recently updated the JORC resource estimate at Rhyolite Ridge to 154 million tonnes for 1.3 million tonnes of lithium carbonate and 12.4 million tonnes of boric acid.

The upgrade represents an increase of 200,000 tonnes of lithium carbonate and 3.8 million tonnes of boric acid.

 

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Thu, 04 Jul 2019 14:35:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223321/ioneer-produces-high-purity-boric-acid-from-pilot-plant-shares-rise-223321.html
<![CDATA[News - ioneer non-executive director snaps up more shares ]]> https://www.proactiveinvestors.com.au/companies/news/223088/ioneer-non-executive-director-snaps-up-more-shares-223088.html ioneer Ltd (ASX:INR) non-executive director Alan Davies has purchased 384,254 shares for about $50,337 through on-market trades.

This purchase increases his overall holding (direct and indirect) in the company to about 2.75 million shares and 857,710 options.

READ: ioneer upgrades lithium-boron resource by 27% at Rhyolite Ridge

Last week, ioneer increased the JORC resource estimate for its 100% owned Rhyolite Ridge Lithium-Boron Project in Nevada, US.

The project’s overall resource now stands at 154 million tonnes for 1.3 million tonnes of lithium carbonate and 12.4 million tonnes of boric acid.

 

The Rhyolite Ridge definitive feasibility study (DFS) is expected to be complete in the September quarter and will build on the October 2018 PFS that forecast a two-stage mine with a life of over 30 years.

The planned starter pit being developed as part of the DFS is expected to provide stronger cash flows in the early years of the project compared to the PFS.

These improved cash flows will become evident upon completion of the updated mine plan and schedule currently being undertaken as part of the DFS.

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Mon, 01 Jul 2019 12:07:00 +1000 https://www.proactiveinvestors.com.au/companies/news/223088/ioneer-non-executive-director-snaps-up-more-shares-223088.html
<![CDATA[News - ioneer upgrades lithium-boron resource by 27% at Rhyolite Ridge ]]> https://www.proactiveinvestors.com.au/companies/news/222812/ioneer-upgrades-lithium-boron-resource-by-27-at-rhyolite-ridge-222812.html ioneer Ltd (ASX:INR) has increased the JORC resource estimate for its 100% owned Rhyolite Ridge Lithium-Boron Project in Nevada, US.

The project’s overall resource now stands at 154 million tonnes for 1.3 million tonnes of lithium carbonate and 12.4 million tonnes of boric acid.

The upgrade represents an increase of 200,000 tonnes of lithium carbonate and 3.8 million tonnes of boric acid.

Comparison with previous JORC resource estimate

Notably, the increase in the boric acid grade in the Measured Resource equates to increased boric acid revenue of US$12/tonne of ore processed based on the PFS assumptions.

READ: ioneer has a rare, large-scale asset in lowest quartile of the cost curve: Kerr Allan Financial

ioneer’s managing director Bernard Rowe said: “This upgraded Mineral Resource is exactly what we were aiming to achieve with the 2018/2019 drill program at Rhyolite Ridge.

“The higher confidence Measured Resource relates to the planned starter pit and due to the significantly higher grades, we can expect to see a material increase in the projected early operating cash flows.

“The total Resource has continued to grow with step-out drilling to the south where both the lithium and boron grades are some of the highest we have seen in the deposit.

“The lithium-boron mineralisation remains open to the south where it continues to be shallow and we expect further increases to the Resource with additional drilling.

“With the recent focus by the US Government on ensuring the supply of critical minerals, ioneer is well placed to become the first major domestic supplier of lithium to the American electric vehicle industry.”

DFS expected to be complete next quarter

The definitive feasibility study (DFS) is expected to be complete in the September quarter and will build on the October 2018 PFS that forecast a two-stage mine with a life of over 30 years.

The planned starter pit being developed as part of the DFS is expected to provide stronger cash flows in the early years of the project compared to the PFS.

These improved cash flows will become evident upon completion of the updated mine plan and schedule currently being undertaken as part of the DFS.

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Wed, 26 Jun 2019 11:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222812/ioneer-upgrades-lithium-boron-resource-by-27-at-rhyolite-ridge-222812.html
<![CDATA[News - ioneer produces battery-grade lithium hydroxide in test work ]]> https://www.proactiveinvestors.com.au/companies/news/221828/ioneer-produces-battery-grade-lithium-hydroxide-in-test-work-221828.html ioneer Ltd (ASX:INR) has verified that battery-grade lithium hydroxide can be successfully produced from Rhyolite Ridge ore using standard commercial processes.

Veolia Water Technologies Inc. was engaged to complete testwork as part of the ongoing Rhyolite Ridge definitive feasibility study (DFS).

Testwork undertaken by Veolia successfully validated the ioneer process and confirmed key flowsheet parameters for the Rhyolite Ridge Lithium-Boron Project.

Veolia’s benchscale testwork simulated major unit operations within the DFS process flowsheet and produced boric acid and lithium carbonate, and high-purity (battery-grade) lithium hydroxide.

READ: ioneer has a rare, large-scale asset in lowest quartile of the cost curve: Kerr Allan Financial

Ioneer’s managing director Bernard Rowe said: “Veolia has a strong track record in designing and supplying production processes for the lithium industry.

“By simulating major unit operations of the Rhyolite Ridge process flowsheet, Veolia has successfully validated the commercial process and confirmed key flowsheet parameters being finalised in the Rhyolite Ridge DFS.

“This gives us confidence that our commercial process is both straightforward and scalable.

“Using the technical-grade lithium carbonate produced from Rhyolite Ridge DFS flowsheet, Veolia has successfully completed bench-scale testing to support the commercial application for crystallising battery-grade lithium hydroxide.

DFS process flowsheet: dotted line area is used to convert lithium carbonate to lithium hydroxide monohydrate

Rowe continued: “The testwork confirms that Rhyolite Ridge will be able to produce a range of products at the mine site including boric acid, lithium carbonate and lithium hydroxide.

“ioneer is well placed to meet the expected strong North American demand for lithium as the United States looks to develop a domestic battery supply chain.”

Proactive caught up with ioneer recently for an update.

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Tue, 11 Jun 2019 11:12:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221828/ioneer-produces-battery-grade-lithium-hydroxide-in-test-work-221828.html
<![CDATA[News - ioneer has a rare, large-scale asset in lowest quartile of the cost curve: Kerr Allan Financial ]]> https://www.proactiveinvestors.com.au/companies/news/221278/ioneer-has-a-rare-large-scale-asset-in-lowest-quartile-of-the-cost-curve-kerr-allan-financial-221278.html ioneer Ltd’s (ASX:INR) Rhyolite Ridge project is one of two known large-scale, hard-rock lithium-boron deposits globally, and its location in Nevada makes it uniquely placed to meet future US demand for these strategic commodities.

Following is an extract from Kerr Allan Financial’s research report on ioneer:

Rare, large scale asset in the lowest quartile of the cost curve

Rhyolite Ridge is a large, shallow, open-pittable, long life project which is amenable to acid leaching, and will be in the lowest quartile for lithium carbonate producers due to its significant boric acid by-product credit, which underwrites 75% of operating costs at the current Reserve grade.

Boron market disruptor

Rhyolite Ridge has an opportunity to disrupt the boron market dominated by Etimine and Rio Tinto, which will be driven by ex-Rio Tinto / US Borax sales and marketing executives now part of the INR management team.

Low ESG footprint

The operation will not require a tailings dam or evaporation ponds, has low water consumption compared to brine operations, can generate surplus ‘green’ electricity, and its outputs are linked to energy efficiency, reduced emissions, and lifting agricultural yields.

Economics likely to improve on drilling, acid plant savings

INR has flagged that recent assays from infill and extensional drilling have returned grades 15-20% above the Resource grade, which we interpret may lift production during the initial years of operations. Capex has also fallen 10% with the award of the acid plant contract to SNC Lavalin.

Quality management with the credentials to deliver

INR’s board has experience in developing and financing lithium projects and running boron operations.

Its US based members are also well-placed to work with US investors, corporates, and the US Government, which has bipartisan support for new legislation to secure supply chain for lithium and other minerals critical to its automotive and energy sectors.

Our valuation of A$0.54/sh is underpinned by Rhyolite Ridge modelled on a long term US$12,647/t lithium carbonate price, and INR securing project finance accompanied by a 25% sell-down of the project for US$126m.

Our A$0.40/sh price target reflects uncertainty on our assumed financing scenario.

Given the deposit’s potential to be the next US lithium producer, and the opportunity to disrupt the borate market, we anticipate INR will have financing optionality to reduce the construction equity requirement, and in our view the stock will start to re-rate as a funding strategy begins to emerge, and as the project progresses through DFS and FID later this year.

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Fri, 31 May 2019 16:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/221278/ioneer-has-a-rare-large-scale-asset-in-lowest-quartile-of-the-cost-curve-kerr-allan-financial-221278.html
<![CDATA[Media files - ioneer well positioned for US–Australia battery mineral alliance ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13469/ioneer-well-positioned-for-usaustralia-battery-mineral-alliance-13469.html Thu, 23 May 2019 22:35:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13469/ioneer-well-positioned-for-usaustralia-battery-mineral-alliance-13469.html <![CDATA[News - ioneer director buys $239,456 worth of shares on-market ]]> https://www.proactiveinvestors.com.au/companies/news/218917/ioneer-director-buys-239456-worth-of-shares-on-market-218917.html ioneer Ltd (ASX:INR) director John Daniel Hofmeister has purchased about 1.15 million shares in the company valued at $239,456.

The purchase was completed via on-market trades and increases Hofmeister’s direct holding in the company to about 1.46 million shares.

 

Ioneer’s sole focus is Rhyolite Ridge in Nevada, which is the world's number one mining investment destination, according to the Fraser Institute's latest survey.

The company’s studies have indicated that it will be the world’s lowest cost lithium producer with the long-life Rhyolite Ridge project, and this is enhanced by boron.

Rhyolite Ridge has already shown its colours with a positive pre-feasibility study demonstrating robust project economics.

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Tue, 23 Apr 2019 14:44:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218917/ioneer-director-buys-239456-worth-of-shares-on-market-218917.html
<![CDATA[Media files - ioneer strategically placed with US project to ride lithium market recovery ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13032/ioneer-strategically-placed-with-us-project-to-ride-lithium-market-recovery-13032.html Tue, 16 Apr 2019 23:55:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13032/ioneer-strategically-placed-with-us-project-to-ride-lithium-market-recovery-13032.html <![CDATA[News - ioneer well-placed to benefit from US focus on internal electric vehicle industry ]]> https://www.proactiveinvestors.com.au/companies/news/218465/ioneer-well-placed-to-benefit-from-us-focus-on-internal-electric-vehicle-industry-218465.html ioneer Ltd (ASX:INR) is extremely well-placed to benefit from the US Government’s new focus on developing an internal lithium industry through its world-class Rhyolite Ridge project in Nevada.

In addressing investors at this week’s Proactive CEO Sessions, managing director Bernard Rowe said the US had classed lithium as a critical mineral in order to reduce reliance on China.

This coincided with the ongoing development of an electric vehicle industry in the US, along with other new age technologies that used the so-called tech metals.

Boron also an important tech metal

“It is a matter of when, not if, for the US,” Rowe stressed.

He said the fact that Rhyolite Ridge also included considerable boron resources was another feather in the company’s cap with boron being an important tech metal.

Lithium and boron together are extremely rare and there are only two significant projects in the world -  Rhyolite Ridge and the Jadar project of Rio Tinto plc (LON:RIO) in Serbia.

ioneer has a market cap of about $250-270 million and an enterprise value of $180 million.

READ: Ioneer makes steady progress towards development of Rhyolite Ridge Lithium-Boron Project

Its sole focus is Rhyolite Ridge in Nevada, which is the world's number one mining investment destination, according to the Fraser Institute's latest survey.

The company’s studies have indicated that it will be the world’s lowest cost lithium producer with the long-life Rhyolite Ridge project, and this is enhanced by boron.

Rhyolite Ridge has already shown its colours with a positive pre-feasibility study demonstrating robust project economics.

READ: ioneer pushes ahead at Rhyolite Ridge after acid plant contract awarded

ioneer is working hard to further enhance the project with ongoing optimisation work reducing costs while exploration in the broad project area is returning encouraging results with the potential to add to resources.

Strong news flow

Strong ongoing news flow is expected through 2019.

The company is one-third of the way through a definitive feasibility study which is scheduled for completion in the third quarter.

With test work showing that lithium and boric acid can be produced on site, a pilot plant is being built with completion expected by the end of the current quarter.

Updated resource and reserve statements are due in the September quarter.

Suitable for open-pit mining

Rhyolite Ridge is a shallow, thick and flat lying deposit which is suitable for open-pit mining with a low strip ratio.

There are two revenue streams while the mine currently has a mine life of at least 30 years with production forecast to begin in 2021.

Read the presentation made by Bernard Rowe here.

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Fri, 12 Apr 2019 14:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218465/ioneer-well-placed-to-benefit-from-us-focus-on-internal-electric-vehicle-industry-218465.html
<![CDATA[News - ioneer pushes ahead at Rhyolite Ridge after acid plant contract awarded ]]> https://www.proactiveinvestors.com.au/companies/news/217812/ioneer-pushes-ahead-at-rhyolite-ridge-after-acid-plant-contract-awarded-217812.html ioneer Ltd (ASX:INR) has awarded the engineering and design contract for the sulphuric acid plant component of the Rhyolite Ridge definitive feasibility study (DFS).

Best-in-class sulphuric acid production technology will be used in the design of the acid plant which will produce 3,500 tonnes per day of sulphuric acid for leaching purposes.

The acid plant will also produce the steam/heat necessary for the processing plant.

SNC provided an updated budgetary cost estimate of about US$111 million, which is about US$60 million lower than the US$1770 million estimated in the preliminary feasibility study (PFS) in October 2018.

READ: ioneer to outline its plan to deliver the first major lithium-boron mine in the US

ioneer’s managing director Bernard Rowe said: “SNC-Lavalin is a longstanding leader in the sulphuric acid industry, they have a strong track record working with industry leading MECS® technology from DuPont Clean Technologies.

“We are very pleased SNC-Lavalin and Du Pont will be joining us and our project lead engineers, Fluor, to further strengthen our world class team that is focused on progressing the DFS for the Rhyolite Ridge Lithium-Boron project, and to delivering an on budget and on-schedule project.

“The cost of the sulphuric acid plant is a key capex driver for the Rhyolite Ridge Project and the saving of approximately US$60 million is significant and materially improves the already robust project economics demonstrated through the PFS.”

ioneer presenting at Goldman Sachs conference today

ioneer is presenting at the Goldman Sachs Annual Emerging Leaders Conference in Sydney today.

The company is focused on developing the globally significant Rhyolite Ridge Lithium-Boron Project in Nevada.

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Wed, 03 Apr 2019 12:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217812/ioneer-pushes-ahead-at-rhyolite-ridge-after-acid-plant-contract-awarded-217812.html
<![CDATA[News - ioneer to outline its plan to deliver the first major lithium-boron mine in the US ]]> https://www.proactiveinvestors.com.au/companies/news/217481/ioneer-to-outline-its-plan-to-deliver-the-first-major-lithium-boron-mine-in-the-us-217481.html ioneer Ltd (ASX:INR) will outline its progress and future plans for the Rhyolite Ridge Lithium-Boron Project in Nevada to investors during next month’s Proactive CEO Sessions.

Managing director Bernard Rowe will explain ioneer’s progress on the ongoing definitive feasibility study (DFS) and the pilot plant, which is expected to commence operating in late April 2019.

Bernard Rowe

ioneer recently appointed Kemetco Research Inc to build and operate the metallurgical test work pilot plant for the Rhyolite Ridge project.

READ: ioneer awards pilot plant contract as DFS progresses

The pilot plant will be built in Vancouver, Canada and the test work forms a key part of the definitive feasibility study (DFS) underway. The pilot plant’s main bulk sample run is to be conducted in May 2019.

Investment highlights

Register for the CEO Sessions today

Sydney details, Tuesday, April 9, 2019

Melbourne details, Wednesday, April 10, 2019

Also featuring at both sessions will be Metro Mining Ltd (ASX:MMI) and Elementos Ltd (ASX:ELT).

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Fri, 29 Mar 2019 13:59:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217481/ioneer-to-outline-its-plan-to-deliver-the-first-major-lithium-boron-mine-in-the-us-217481.html
<![CDATA[News - ioneer awards pilot plant contract as DFS progresses ]]> https://www.proactiveinvestors.com.au/companies/news/216331/ioneer-awards-pilot-plant-contract-as-dfs-progresses-216331.html ioneer Ltd (ASX:INR) has appointed Kemetco Research Inc to build and operate the metallurgical test work pilot plant for its Rhyolite Ridge Lithium-Boron Project in Nevada.

The pilot plant will be built in Vancouver, Canada and the test work forms a key part of the definitive feasibility study (DFS) underway.

The pilot plant’s main bulk sample run is to be conducted in May 2019.

Kemetco has extensive experience with the Rhyolite Ridge lithium-boron flowsheet having completed prior bench-scale test work as part of the pre-feasibility study (PFS) in 2018.

READ: Ioneer makes steady progress towards development of Rhyolite Ridge Lithium-Boron Project

Ioneer’s managing director Bernard Rowe said: “Kemetco is well known to us having previously worked on the PFS flowsheet for our Rhyolite Ridge Project.

“We are confident they are the best partner to build and operate the pilot plant which will enable us to demonstrate the integrated process flowsheet, produce lithium carbonate and boric acid within the defined specifications for our marketing activities and collect the required test and operation data for the engineering design and scale up.

“We look forward to working with Kemetco on this key part of our DFS.”

Pilot plan to commence operating in late April

Bulk ore samples from both outcrop and drill core will be run through the pilot plant, which is expected to commence operating in late April 2019.

Outcropping lithium-boron ore will be sourced from ioneer’s fully permitted bulk sample site, where 30 tonnes will be sourced.

Additionally, an estimated seven tonnes of drill core from the recently completed drill program is already in storage for use in the pilot plant.

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Wed, 13 Mar 2019 11:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216331/ioneer-awards-pilot-plant-contract-as-dfs-progresses-216331.html
<![CDATA[News - Ioneer makes steady progress towards development of Rhyolite Ridge Lithium-Boron Project ]]> https://www.proactiveinvestors.com.au/companies/news/215968/ioneer-makes-steady-progress-towards-development-of-rhyolite-ridge-lithium-boron-project-215968.html ioneer Ltd (ASX:INR) is continuing to make steady progress at its Rhyolite Ridge Lithium-Boron Project in Nevada, USA.

The company is currently progressing various activities including:

• Strategic partner discussions;

• Engineering and design firm Fluor Corporation (NYSE:FLR) undertaking DFS (definite feasibility study);

• Engineering and trade-off studies advancing; and

• Golder Associates Inc progressing on updating mineral resource and ore reserve.

Indicative timeline for Rhyolite Ridge


Last month, ioneer revealed further encouraging drilling results from the Rhyolite Ridge project.

READ: ioneer’s drill results reveal further high-grade lithium and boron at Rhyolite Ridge

A 45-hole (9,000 metre) drilling program completed in late January was designed to increase the confidence of the ore reserve by infill drilling of the planned starter pit and to test for southern extensions of mineralisation outside of the current ore reserve.

Results received for the first 17 holes are highly encouraging with lithium and boron grades consistently higher than the ore reserve grades.

Further results from the 45-hole program are expected over the coming two months.

Investment highlights

ioneer is aiming to complete the DFS in Q3 2019 with initial production targeted for 2021.

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Thu, 07 Mar 2019 15:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215968/ioneer-makes-steady-progress-towards-development-of-rhyolite-ridge-lithium-boron-project-215968.html
<![CDATA[News - ioneer’s drill results reveal further high-grade lithium and boron at Rhyolite Ridge ]]> https://www.proactiveinvestors.com.au/companies/news/214919/ioneers-drill-results-reveal-further-high-grade-lithium-and-boron-at-rhyolite-ridge-214919.html ioneer Ltd (ASX:INR) has revealed further encouraging drilling results from its Rhyolite Ridge Lithium-Boron Project in Nevada, USA.

A 45-hole (9,000 metre) drilling program completed in late January was designed to increase the confidence of the ore reserve by infill drilling of the planned starter pit and to test for southern extensions of mineralisation outside of the current ore reserve.

Results received for the first 17 holes are highly encouraging with lithium and boron grades consistently higher than the ore reserve grades.

Lithium-boron drilling results

In the group of ten holes drilled during this program at the southern end of the deposit, grades are about 15% higher for lithium and 20% higher for boron when compared to the ore reserve grades used in the 2018 pre-feasibility study (PFS).

Further results from the 45-hole program are expected over the coming two months.

READ: ioneer advances Rhyolite Ridge DFS for first lithium and boron production in 2021

ioneer managing director Bernard Rowe said: “The recently completed drilling program at our Rhyolite Ridge Lithium-Boron Project has further extended lithium-boron mineralisation and confirmed high-grade shallow mineralisation around the southern end of the deposit.

“The strong lithium and boron grades within the proposed starter pit are expected to provide stronger cash flows in the early years of the project.

“The results from the drilling program are being incorporated into the updated mine plan and ore reserve estimate as part of the Rhyolite Ridge definitive feasibility study (DFS) schedule for completion in Q3 2019.”

Outline of the current resource and the location of the hole collars for the recently completed drilling program

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Wed, 20 Feb 2019 12:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214919/ioneers-drill-results-reveal-further-high-grade-lithium-and-boron-at-rhyolite-ridge-214919.html
<![CDATA[News - ioneer advances Rhyolite Ridge DFS for first lithium and boron production in 2021 ]]> https://www.proactiveinvestors.com.au/companies/news/213669/ioneer-advances-rhyolite-ridge-dfs-for-first-lithium-and-boron-production-in-2021-213669.html ioneer Ltd (ASX:INR) advanced development of its Rhyolite Ridge Lithium-Boron Project during the December quarter, completing a pre-feasibility study (PFS) that details a low-risk project with strong economics.

Engineering and design firm Fluor Corporation (NYSE:FLR) was appointed to complete the project’s definitive feasibility study which is expected to be finished in quarter three 2019.

The work program for the next few months includes discussions for potential off-take, financial and strategic partners, flow sheet optimisation and completion of infill and extensional drilling.

An ore reserve and mineral resource update based on the drilling results will be undertaken, aiming to upgrade the starter pit’s resource to the measured category.

The company also appointed Ian Bucknell as chief financial officer, who will play a key role in both financing the project and building necessary organisational capabilities and processes.

 

ioneer managing director Bernard Rowe said the Rhyolite Ridge PFS demonstrated the project’s scale, long life and potential to become the lowest-cost lithium producer in the world.

He said: “With a strong and highly experienced technical team based in the US, Fluor is the perfect partner to complete the Rhyolite Ridge DFS and work with us to deliver the project into production.”

Rowe also noted the potential for Rhyolite Ridge to become the largest lithium producer in the United States.

The PFS estimated production costs of US$1,796 a tonne of lithium carbonate with a boric acid credit.

Production would begin in 2021 with an initial plus-30-year mine life and the opportunity to extend.

Annual production will amount to 20,200 tonnes of lithium carbonate and 173,000 tonnes of boric acid per year.

READ: ioneer director Alan Davies steps up and buys shares on market

Fluor has started work on the DFS with project setup, scheduling and zero-base-design completed during the quarter.

Major process activities are underway including trade-off studies relating to the sulphuric acid plant and final lithium products.

Fluor president mining & metals Tony Morgan said Rhyolite Ridge would be a flagship project for Fluor, its client ioneer and for the United States.

He noted the project’s status as one of the world’s largest undeveloped lithium-boron deposits and one of the largest greenfield resource projects in the United States.

Morgan added: “We’ve assembled a strong and highly experienced team to deliver this exciting project.”

Indicative timeline for Rhyolite Ridge

  READ: ioneer’s high-grade lithium-boron drill results indicate potential to improve cash flow

A drilling program comprising about 40 holes is currently being undertaken to upgrade the lithium-boron mineral resource to the measured category.

The program also aims to extend the high-grade, shallow mineralisation to the south of the proposed starter pit.

With the gently-dipping lithium-boron zone averaging 20 metres in thickness, extensions to the current resource are likely to add significant near-surface tonnes.

Initial assays for the first nine holes were released during the quarter which indicated higher boron grades of about plus-30% than currently modelled for the initial mining area.

READ: ioneer appoints Fluor for definitive feasibility study

Rowe continued: “Initial results from our 2018-19 drilling program have already indicated that cash flows in the first few years of mining are expected to be improved by increasing boron grades mined and lowering the strip ratio.

“With approximately $70 million cash, we are able to undertake the work required to rapidly progress Rhyolite Ridge towards production.

“With the in-depth knowledge provided by the PFS, the company is well positioned to advance serious discussions with a diverse range of potential market and finance partners.”

READ: Global Geoscience becomes ioneer of sustainable future with a new name

Boron grades in the first three years of the PFS mine plan average 1.03% boron (equivalent to 5.9% boric acid).

The recent drilling results are likely to increase the boric acid grade in the first few years of the starter pit.

Each 1% increase in the boric acid grade would provide a revenue increase of about US$6 a tonne of ore processed, assuming a boric acid sale price of US$700 a tonne.

At the PFS base case processing rate of 2.6 million tonnes per year, each 1% increase also equates to an additional US$15.6 million of revenue per annum.

Looking east over ioneer's Rhyolite Ridge south basin

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Wed, 30 Jan 2019 22:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213669/ioneer-advances-rhyolite-ridge-dfs-for-first-lithium-and-boron-production-in-2021-213669.html
<![CDATA[News - ioneer director Alan Davies steps up and buys shares on market ]]> https://www.proactiveinvestors.com.au/companies/news/212003/ioneer-director-alan-davies-steps-up-and-buys-shares-on-market-212003.html ioneer Ltd (ASX:INR) non-executive director Alan Davies has purchased 211,100 shares at an average price of 17.9 cents.

The purchase is worth $37,786 and increases Davies’ holding in the company to 2.36 million shares.

READ: ioneer’s high-grade lithium-boron drill results indicate potential to improve cash flow

ioneer is developing its flagship Rhyolite Ridge Lithium-Boron Project in the US state of Nevada, which had a pre-feasibility study (PFS) completed on it in October 2018.

The PFS demonstrated the Rhyolite Ridge project’s scale, long life and potential to become the lowest cost lithium producer in the world.

The study modelled a two-stage mine development – a starter pit covering the first seven years and an expanded pit covering a mine life of over 30 years.

A US$1.82 billion after-tax net present value (NPV) was estimated for the mining operation as part of the PFS.

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Mon, 07 Jan 2019 12:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212003/ioneer-director-alan-davies-steps-up-and-buys-shares-on-market-212003.html
<![CDATA[News - ioneer’s high-grade lithium-boron drill results indicate potential to improve cash flow ]]> https://www.proactiveinvestors.com.au/companies/news/211624/ioneers-high-grade-lithium-boron-drill-results-indicate-potential-to-improve-cash-flow-211624.html ioneer Ltd (ASX:INR) has revealed new drilling results and a maiden ore reserve for its Rhyolite Ridge Lithium-Boron Project in Nevada, US.

A drilling program comprising about 46 holes is being undertaken to upgrade the current lithium-boron resource at Rhyolite Ridge to the measured category and extend high-grade, shallow mineralisation to the south of the proposed starter pit.

READ: Global Geoscience becomes ioneer of sustainable future with a new name

Initial assays have been received from the first nine holes showing:
• Higher boron grades (circa 30%) than currently modelled for the area planned to be mined during the first few years; and
• Extension to the south of shallow, high-grade lithium-boron mineralisation.

Assays received to date for the lithium-boron mineralisation

ioneer managing director Bernard Rowe said: “These drilling results extend and further confirm high-grade shallow mineralisation at the Rhyolite Ridge Lithium-Boron Project.

“The strong boron grades within and to the south of the proposed starter pit are likely to provide stronger cash flow in the early years of the project.

Indicative timeline for Rhyolite Ridge

“With the aim of upgrading the current mineral resource and extending the shallow lithium-boron mineralisation further to the south, the three rigs currently on site will continue drilling into 2019.

“This work is a fundamental part of the Rhyolite Ridge definitive feasibility study (DFS), which Fluor Corporation has recently commenced.”

 

ioneer had released the Rhyolite Ridge pre-feasibility study (PFS) in October 2018.

The PFS included a two-stage mine development – a starter pit covering the first seven years and an expanded pit covering a mine life of over 30 years.

READ: Global Geoscience PFS estimates Rhyolite Ridge value at US$1.8 billion

However, the supporting documentation for the ore reserve estimate was only recently finalised. The maiden ore reserve has now been estimated for the first stage of mine development:

• 15.8 million tonnes at 1,900 ppm lithium (equivalent to 1.0% lithium carbonate) and 12,200 ppm boron (equivalent to 7.0% boric acid);
• Containing the equivalent of 160,000 tonnes of lithium carbonate and 1.1 million tonnes of boric acid.

Rowe added: “The recently completed PFS demonstrated the project’s scale, long life and potential to become the lowest cost lithium producer in the world as well as the largest lithium producer in the United States with annual production of 20,200 tonnes of lithium carbonate.”

READ: ioneer appoints Fluor for definitive feasibility study

The highly experienced Fluor (NYSE:FLR) team has commenced work on the DFS which is scheduled for completion in Q3 2019.

The Rhyolite Ridge mineral resources and ore reserves are planned to be updated during 2019 as part of the DFS process.

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Fri, 21 Dec 2018 13:43:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211624/ioneers-high-grade-lithium-boron-drill-results-indicate-potential-to-improve-cash-flow-211624.html
<![CDATA[News - ioneer appoints Fluor for definitive feasibility study ]]> https://www.proactiveinvestors.com.au/companies/news/209628/ioneer-appoints-fluor-for-definitive-feasibility-study-209628.html ioneer Ltd (ASX:INR) has appointed Fluor as the engineering and design firm to complete the definitive feasibility study (DFS) for the Rhyolite Ridge Lithium-Boron Project in Nevada.

Fluor’s appointment follows the release last month of a pre-feasibility study (PFS) outlining Rhyolite Ridge as a low-cost lithium operation valued at US$1.8 billion.

READ: ioneer strengthens team through appointment of experienced finance executive

ioneer’s managing director Bernard Rowe said: “We are extremely pleased to have Fluor working with us to deliver the Rhyolite Ridge Lithium-Boron Project.

“Fluor was chosen because of its capabilities, integrity and proven track record of delivering value.

“A key aspect of Fluor’s selection was its strong and highly experienced technical team based in the United States.”

READ: ioneer becomes ioneer of sustainable future with a new name

Fluor will also provide engineering, procurement and construction management services as the project advances.

Fluor’s president of mining & metals Tony Morgan said: “As one of the world’s largest undeveloped lithium-boron deposits and one of the largest greenfield resource projects in the United States, Rhyolite Ridge will be a flagship project for Fluor, our client ioneer and the United States.

“We’ve assembled a strong and highly experienced team to deliver this exciting project.

“Fluor’s integrated project team is one of the most experienced in the mining and processing industry with the resources, expertise and knowledge to meet the cost, safety and fast-track schedule needs of our client.”

First production planned for 2021

Annual production for the Rhyolite Ridge is planned to be 20,200 tonnes of lithium carbonate and 173,000 tonnes of boric acid.

First production of these critical materials is expected in 2021.

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Wed, 21 Nov 2018 11:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209628/ioneer-appoints-fluor-for-definitive-feasibility-study-209628.html
<![CDATA[News - ioneer strengthens team through appointment of experienced finance executive ]]> https://www.proactiveinvestors.com.au/companies/news/209239/ioneer-strengthens-team-through-appointment-of-experienced-finance-executive-209239.html ioneer Ltd (ASX:INR) has strengthened its team with the appointment of experienced resources finance executive Ian Bucknell as chief financial officer.

The CFO will play a key role in managing financing of the flagship Rhyolite Ridge Lithium-Boron Project in the US and in building the organisational capabilities and processes necessary to deliver a world-scale project.

The appointment of the Australian-based CFO, who will work out of the company’s Sydney office, follows an extensive search process with the assistance of Spencer Stuart.

ioneer’s managing director Bernard Rowe said: “We are delighted to announce Ian’s appointment to the company and welcome his financing experience and track record of success.

“Ian represents another key appointment by the company in building the right capability to ensure the successful development of the Rhyolite Ridge Lithium-Boron Project.”

International experience

Bucknell’s CV includes being CFO of ASX-listed companies and more than 20 years of international resource experience.

He has held senior executive roles at AWE limited, Drillsearch Energy Limited and Great Artesian Oil and Gas Limited.

During this time, he has worked in several high-growth organisations and financed projects from discovery to production.

READ: Global Geoscience becomes ioneer of sustainable future with a new name

Rowe added: “We feel that Ian’s skills and experience are ideally suited to helping transform the company into a leading supplier to the lithium and boron markets.”

Bucknell is a Fellow of the Australian Society of Certified Practising Accountants, a graduate of the Australian Institute of Company Directors and holds a Bachelor of Business (Accounting) from the University of Technology, Sydney.

READ: ioneer chairman and directors take options in lieu of fees

The 100%-owned Rhyolite Ridge project in Nevada, USA, provides a substantial foundation for ioneer to become a responsible and profitable producer of the materials necessary for a sustainable future.

Looking east over Rhyolite Ridge South Basin.

PFS demonstrates potential

A pre-feasibility study demonstrated the project’s scale, long-life and potential to become the lowest cost lithium producer in the world as well as the largest lithium producer in the US.

With forecast annual production of 20,200 tonnes of lithium carbonate and 173,000 tonnes of boric acid, Rhyolite Ridge will be a globally significant producer of lithium and boron.

These are both used in a diverse range of everyday items and innovative technologies that are essential to modern life and emerging clean technologies such as electric vehicles.

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Thu, 15 Nov 2018 13:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209239/ioneer-strengthens-team-through-appointment-of-experienced-finance-executive-209239.html
<![CDATA[News - ioneer chairman and directors take options in lieu of fees ]]> https://www.proactiveinvestors.com.au/companies/news/208960/ioneer-chairman-and-directors-take-options-in-lieu-of-fees-208960.html ioneer Ltd’s (ASX:INR) board of directors have been issued options to the value of $45,000 in lieu of their cash salaries.

Chairman, James Calaway along with the three non-executive directors Alan Davies, Patrick Elliot and John Hofmeister have all been issued 357,710 unlisted options exercisable at 24.2 cents expiring 9 November 2023.

READ: Global Geoscience becomes ioneer of sustainable future with a new name

ioneer recently released a pre-feasibility study (PFS) for its flagship Rhyolite Ridge Lithium-Boron Project in the US state of Nevada modelling a 30-plus-year mine life.

The PFS estimated a net present value (NPV) for the 100% owned project of US$1.82 billion, which is equivalent to over A$2.5 billion.

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Mon, 12 Nov 2018 08:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208960/ioneer-chairman-and-directors-take-options-in-lieu-of-fees-208960.html
<![CDATA[News - Global Geoscience becomes ioneer of sustainable future with a new name ]]> https://www.proactiveinvestors.com.au/companies/news/208473/global-geoscience-becomes-ioneer-of-sustainable-future-with-a-new-name-208473.html Global Geoscience Limited (ASX:GSC) has become ioneer Ltd (ASX:INR) after the company’s investors backed a name change to reflect its narrowed focus on producing materials for a sustainable future.

The company's securities are expected to begin trading on the ASX this morning with the ticker INR after ASIC approved the name change yesterday.

READ: Global Geoscience PFS estimates Rhyolite Ridge value at US$1.8 billion

ioneer released a pre-feasibility study (PFS) for its flagship Rhyolite Ridge Lithium-Boron Project in the US state of Nevada two weeks ago, modelling a 30-plus-year mine life.

The PFS put forward a notable low cost for producing lithium equivalent, due to the high volume and value of the boron by-product it would produce along with lithium carbonate.

ioneer’s Houston-based non-executive chairman James D Calaway spoke to Proactive Investors about this week’s name change, saying the name reflected the company's new direction.

Calaway said: “I love the name Global Geosciences, and it was perfectly suited to the company-that-was before the discovery of Rhyolite Ridge.

“It was a company of really outstanding geologists who were running around the world looking for prospects and ideas and working with big companies and trying to develop ideas for projects.

“Then when we made the discovery of this extraordinarily important asset at Rhyolite Ridge, the nature of the company was changing.

“We (became) the developer of the most important lithium and new boron facility in North America.”

Change the name, build awareness

Calaway has experience with chairing a lithium company with boron exposure, having been a non-executive chairman of Orocobre Ltd (ASX:ORE) (TSX:ORL) (OTCMKTS:OROCF) for eight years as the multi-listed company became a lithium carbonate producer.

Speaking on ioneer, the chairman said that as Global Geoscience the company decided it would stop “investing in a name that doesn’t reflect where we are and where we’re going”.

Calaway said: “We (are) focused on building a big mine and a substantial speciality chemicals facility that would produce critical materials for a sustainable future.”

The company believed it should change its name before it became better known.

READ: Global Geoscience asks investors to back new ion-pioneer name ioneer

The company followed a process to “rebrand and rethink” itself to reflect its new focus.

Then-Global was presented with about 150 names during its rebrand-and-rethink process, choosing ioneer to reflect its ambition to become a pioneer of ion use for a sustainable future.

Calaway said: “Our mission as a company, we thought a lot about that, was to responsibly and profitably produce the materials that were necessary for a sustainable future.

“It’s such an exciting future and one that we can obtain but just executing against our cornerstone project Rhyolite and really become a player in this.”

 

Introduce pre-feasibility study

Less than two weeks ago the company debuted its PFS produced by Wood plc subsidiary Amec Foster Wheeler.

ioneer's study put the Rhyolite Ridge project’s after-tax net present value (NPV) at US$1.8 billion at a 7% real discount rate.

The after-tax internal rate of return (IRR) was 27.7%, making the payback period on the 30-plus-year mine a short 4.1 years.

Initial capital expenditure (capex) was US$426 million including indirect costs and contingency plus $173 million for a lump-sum turnkey sulphuric acid plant.

Life-of-mine after-tax cashflow was tipped at US$6.6 billion, with annual steady state revenues of US$450 million and annual steady state earnings before interest, tax, depreciation and amortisation (EBITDA) of US$297 million.

READ: Global Geoscience raises $53 million in fully underwritten placement

Under the PFS, ioneer’s lithium carbonate grade would be 0.95%, at 81.8% recovery rate, for total production of about 20,200 tonnes a year over the life of the mine.

The company’s boric acid grade would be 7.81%, with 83.5% recoveries, for life-of-mine annual production of 173,000 tonnes.

ioneer’s PFS figures were calculated with a June 2018 financial quarter US dollar and were based on lithium carbonate sale prices ranging from US$12,693 to US$16,862 a tonne (CIF China) and a constant boric acid sale price of US$700 a tonne (CIF Asia).

 

Use standard technology

Calaway highlighted the study’s low cost of lithium equivalent production, and the sophistication of its process sheet.

He said: “The smarter and more informed the viewer is, the more excited they get about it.

“The real important work was in the processing sequences and when we finished all of our work and all of our extensive metallurgical test work we realised we had a completely closed system fully accounted for and we really didn’t have to use any kind of advanced technology.

“We’ve tested it extensively so we are very confident in being the low-cost producer in the planet, in the United States for goodness’ sake.”

Address capex questions

The chairman addressed excitement about the study and questions about the project’s capital expenditure (capex) figure.

“We are certainly seeing large investment banks are excited about (the project), we’re very excited about it and I think the only thing that people are a little bit surprised about is the capex was a little higher than … market consensus.

“A lot of that just has to do with that the cost of the heart of the operation, the sulphuric acid plant, which really drives a lot of important components of our project — that those costs were higher than we thought — I think that the market was a little worried about that compared to our market cap.”

The company’s market capitalisation is $382 million (US$274.6 million), with the project’s capex being US$426 million.

READ: Global Geoscience raises $53 million in fully underwritten placement

Calaway acknowledged the company was educating the market: “Look we are also doing a better job, now that the results of the PFS are out, of explaining to people that we have significant optionality in how we go about financing both the sulphuric acid plant and related power, that we think could easily offset the (US)$170-or-so-million that are associated with that.

“That would put our project well in line with the optimistic view of what our costs would be.

“I think that if we talk to the market, get out and explain what we’ve actually thought, and people get past the concern — about the capex — and they look at the IRR and levered returns that we think we’ll get, and being the lowest cost producer in the world of lithium in the United States … there’ll be great uplift in our valuations.”

ioneer’s latest mineral resource statement for Rhyolite Ridge

Take next steps

ioneer is expected to soon choose one of three large engineering firms to work on its Rhyolite Ridge definitive feasibility study (DFS) and engineering design and procurement management contract, with work to then start straight away.

The company is hoping to receive the completed DFS early on in the September 2019 financial quarter.

ioneer’s DFS will include pilot plant studies, with a decision upcoming on which laboratory the pilot plant should be constructed at.

The company has raised $83 million with two placements in the past 14 months and is fully funded to its final investment decision (FID).

An investment decision from the company’s board is targeted for the end of next year.

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Mon, 05 Nov 2018 17:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208473/global-geoscience-becomes-ioneer-of-sustainable-future-with-a-new-name-208473.html
<![CDATA[Media files - Global Geoscience says US lithium project will be cheapest in the world ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11069/global-geoscience-says-us-lithium-project-will-be-cheapest-in-the-world-11069.html Thu, 01 Nov 2018 09:16:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11069/global-geoscience-says-us-lithium-project-will-be-cheapest-in-the-world-11069.html <![CDATA[Media files - Global Geoscience sees boron driving world best lithium cost savings ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10999/global-geoscience-sees-boron-driving-world-best-lithium-cost-savings-10999.html Fri, 26 Oct 2018 12:54:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10999/global-geoscience-sees-boron-driving-world-best-lithium-cost-savings-10999.html <![CDATA[News - Global Geoscience director steps up and buys 107,500 shares ]]> https://www.proactiveinvestors.com.au/companies/news/207891/global-geoscience-director-steps-up-and-buys-107500-shares-207891.html Global Geoscience Ltd (ASX:GSC) director Alan Davies has purchased 107,500 shares yesterday through on-market trades.

The purchases increase Davies’ holding in the company to 1.44 million shares.

READ: Global Geoscience PFS estimates Rhyolite Ridge value at US$1.8 billion

Davies’ purchases are a vote of confidence for the company who has just released its pre-feasibility study (PFS) for its Rhyolite Ridge Lithium-Boron Project in Nevada, US.

The PFS estimated a net present value (NPV) for the 100% owned project of US$1.82 billion, which is equivalent to over A$2.5 billion.

At a share price of 24 cents, Global Geoscience has a market cap of around A$350 million.

The recent estimated valuation provided by the PFS highlights the upside potential for the company and its shareholders.

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Fri, 26 Oct 2018 09:54:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207891/global-geoscience-director-steps-up-and-buys-107500-shares-207891.html
<![CDATA[News - Global Geoscience PFS estimates Rhyolite Ridge value at US$1.8 billion ]]> https://www.proactiveinvestors.com.au/companies/news/207612/global-geoscience-pfs-estimates-rhyolite-ridge-value-at-us18-billion-207612.html Global Geoscience Limited (ASX:GSC) has published a pre-feasibility (PFS) study for its wholly-owned Rhyolite Ridge Lithium-Boron Project in the US state of Nevada, tipping a 30-plus-year mine life with a 4.1-year payback.

The study prepared by Wood plc independent engineering firm Amec Foster Wheeler is being shared with investors today at 11am market time, as Global Geoscience managing director Bernard Rowe conducted a live webcast.

READ: Global Geoscience set to reveal major pre-feasibility study results

Global Geoscience managing director Bernard Rowe highlighted the benefits of the project’s location in an interview with Proactive Investors, saying the large, stable market had low sovereign risk and “a desire to have their own sources of critical metals” such as battery minerals.

“Our experienced technical team and management … have built and operated lithium-boron mines previously, so we have an experienced team that’s capable of building a project like this, which I think is very important as not many companies can say actually that.”

Earlier today Rowe told the market: “We are delighted by the outcomes of the PFS that clearly show Rhyolite Ridge will be a structurally-low-cost and very long-life mine supplying two critical materials necessary for urbanisation and energy efficiency.”

The company’s PFS estimates a $1.82 billion after-tax net present value (NPV) for the project at a 7% real discount rate.

The after-tax internal rate of return (IRR) is 27.7%, making the payback period a short 4.1 years.

Rowe reported: “Rhyolite Ridge is ideally positioned to become a major, low-cost and long-term supplier of both lithium and boron products to major markets within the USA and Asia.

“The boron co-product will generate sufficient revenue to cover nearly all operating costs and thereby enable Rhyolite Ridge to be the lowest cost producer of lithium in the world.”

Acknowledging the company’s forecast for very-low-cost lithium production, Rowe explained the reason why the reason why the project was so low cost.

Rowe told Proactive Investors: “When we produce a tonne of carbonate we also produce 10 tonnes of boric acid and that boric acid is quite valuable, so that’s why this project can have the claim of being potentially the lowest cost lithium producer in the world.”

READ: Global Geoscience’s PFS confirms Nevada lithium-boron resource can support a 30-year mine life

The company plans to process 79 tonnes over the life of the mine in the mature mining jurisdiction at an average processing rate of 2.6 million tonnes a year.

Global Geoscience has planned a conservative approach to start-up with Wheeler’s help and will adopt conventional processing technologies while maintaining optionality and scalability.

The company believes its low operating costs and dual revenues of lithium and boron sales would help protect it against supply-and-demand product cycles for the two products which are currently in short supply in the increasingly domestically-focused US minerals market.

Global Geoscience’s lithium carbonate grade would be 0.95%, at 81.8% recovery rate, for total production of about 20,200 tonnes a year over the life of the mine.

The company’s boric acid grade would be 7.81%, with 83.5% recoveries, for life-of-mine annual production of 173,000 tonnes.

READ: Global Geoscience raises $53 million in fully underwritten placement

Global Geoscience emphasised the “strong project economics” laid out in its PFS market announcement and executive summary.

These included annual steady-state revenues of US$450 million a year over the life of mine, with annual steady-state earnings before interest, tax, depreciation and amortisation of US$297 million a year.

The annual steady-state after-tax cash flow would be US$240 million while its total after-tax cash flow would be US$240 million a year.

The sums result in a $1.82 billion after-tax net present value (NPV) at a 7% real discount rate.

The resulting after-tax internal rate of return (IRR) is 27.7%, making the payback period a short 4.1 years.

All the figures were calculated with a June 2018 financial quarter US dollar and were based on lithium carbonate sale prices ranging from US$12,693 to US$16,862 a tonne (CIF China) and a constant boric acid sale price of US$700 a tonne (CIF Asia).

Next steps

The company will release its full PFS in November 2018.

Global Geoscience is currently selecting a partner to help it produce a definitive feasibility study for the Rhyolite Ridge project.

Rowe told Proactive Investors three large engineering firms had submitted tend bids to work on the company’s definitive feasibility study (DFS) and engineering design and procurement management contract and Global Geoscience was expecting to make its decision in the next couple of weeks and get started in the next few weeks.

Late last month, US-based Global Geoscience chairman James Calaway confirmed the company’s agenda for the next 12 months was to complete a definitive feasibility study, operate a pilot plant, drill and extend is resource, build its team and negotiate capital and business arrangements.

Rowe said today the company will start holding discussions with potential lithium and boron offtake partner, financial partners and plant builders.

He said Global Geoscience had held off holding detailed discussions with these parties to date and expected these discussions would continue as it worked towards producing a DFS by early in the September quarter and its board making a final investment decision (FID) by the end of 2019.

The company’s drill campaign began in July and field workers are now testing for extensions to the south of the project area.

Global Geoscience is likely to release some results before Christmas and expects to release an updated resource in the June half of calendar year 2019.

Rowe reported today: “With approximately A$75 million cash, we are able to undertake the work required to rapidly progress Rhyolite Ridge into production.

“With the in-depth knowledge provided by the PFS, the company is well positioned to commence serious discussions with a diverse range of potential market and finance partners.”

Rowe expected the company would make a number of “low-risk” long lead-time orders in the second half of next calendar year that pre-empt the year-end FID.

Global Geoscience shareholder will consider a name change to ion-pioneer name Ioneer Ltd (ASX:INR) on October 31, with rebranding efforts to kick off the week afterwards if the new name is given the all-clear.

Global Geoscience’s AGM will be held in Sydney on October 31 at 10am in the Beaumont Room of the Sheraton Grand Sydney Hyde Park  hotel at 161 Elizabeth Street. 

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Mon, 22 Oct 2018 19:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207612/global-geoscience-pfs-estimates-rhyolite-ridge-value-at-us18-billion-207612.html
<![CDATA[News - Global Geoscience enters trading halt ahead of PFS release ]]> https://www.proactiveinvestors.com.au/companies/news/207512/global-geoscience-enters-trading-halt-ahead-of-pfs-release-207512.html Global Geoscience Ltd (ASX:GSC) has been granted a trading halt by the ASX pending the release of its pre-feasibility study (PFS) results on the Rhyolite Ridge Project in Nevada, US.

The PFS results for the globally significant Rhyolite Ridge Lithium Boron Project will be released this Tuesday, October 23, 2018 at 11am Sydney time.

READ: Global Geoscience set to reveal major pre-feasibility study results

Global Geoscience managing director Bernard Rowe will conduct a briefing followed by a question and answer session.

A live webcast of this briefing with synchronised slides and a video on the Rhyolite Ridge Lithium Boron Project will be available via this link.

Investors logged into the webcast will be able to submit written questions.

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Mon, 22 Oct 2018 10:47:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207512/global-geoscience-enters-trading-halt-ahead-of-pfs-release-207512.html
<![CDATA[News - Global Geoscience set to reveal major pre-feasibility study results ]]> https://www.proactiveinvestors.com.au/companies/news/207332/global-geoscience-set-to-reveal-major-pre-feasibility-study-results-207332.html Global Geoscience Ltd (ASX:GSC) will release the outcomes of the flagship Rhyolite Ridge pre-feasibility study next Tuesday 23 October 2018 at 11.00am Sydney time.

The globally significant Rhyolite Ridge Lithium Boron Project is located in the US state of Nevada and is the company’s major asset.

Global Geoscience’s managing director Bernard Rowe will conduct a briefing followed by a question and answer session.

A live webcast of this briefing with synchronised slides and a video on the Rhyolite Ridge Lithium Boron Project will be available via this link.

Investors logged into the webcast will be able to submit written questions.

READ: Global Geoscience asks investors to back new ion-pioneer name Ioneer

Shareholders are set to vote on a proposed name change to Ioneer Ltd (ASX:INR) at the annual general meeting on 31 October 2018.

The proposed new name is derived from the combination of ion and pioneer and reflects the company’s r aim to be pioneers in producing the ions for a sustainable future.

The company plans to develop Rhyolite Ridge into a profitable long-term asset to facilitate the use of lithium and boron for planet-friendly uses such as clean technologies.

Rhyolite Ridge is a rare style of deposit

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Thu, 18 Oct 2018 13:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207332/global-geoscience-set-to-reveal-major-pre-feasibility-study-results-207332.html
<![CDATA[News - Global Geoscience asks investors to back new ion-pioneer name Ioneer ]]> https://www.proactiveinvestors.com.au/companies/news/205929/global-geoscience-asks-investors-to-back-new-ion-pioneer-name-ioneer-205929.html Global Geoscience Limited (ASX:GSC) has unveiled plans to rename the lithium-boron development company Ioneer Ltd (ASX:INR).

The company’s shareholders will be asked to back the rebrand at an annual general meeting on October 31.

READ: Global Geoscience’s PFS confirms Nevada lithium-boron resource can support a 30-year mine life

Global Geoscience chairman James Calaway said: “Our new name is derived from the combination of ion and pioneer.

“It reflects our aim to be pioneers in producing the ions for a sustainable future.”

The company’s flagship project is the Rhyolite Ridge Lithium-Boron Project in the US state of Nevada which Calaway said provided a substantial foundation for its goal to responsibly and sustainably produce materials for a sustainable future.

Global Geoscience’s prefeasibility study confirmed its 92 million tonne mineable resource, which is graded 1,735ppm lithium and 1.23% boron, can support a 30-year mine life.

The company successfully raised $53 million in a fully underwritten placement earlier this year to fund the company through to a decision to mine by the end of next year.

READ: Global Geoscience raises $53 million in fully underwritten placement

The company plans to develop Rhyolite Ridge into a profitable long-term asset to facilitate the use of lithium and boron for planet-friendly uses such as clean technologies.

Calaway said: “We look forward to obtaining shareholder approval to change the company’s name to Ioneer Ltd and becoming a leader in this global transition to a future where all people and the environment are thriving.”

The company released its annual report to shareholders this morning and affirmed it had $80 million cash at hand on June 30, with Calaway reporting Global Geoscience was “well funded to rapidly progress our project towards production”.

The chairman affirmed its agenda for the next 12 months was to complete a definitive feasibility study, operate a pilot plant, drill and extend is resource, build its team and negotiate capital and business arrangements.

Global Geoscience’s AGM will be held in Sydney on October 31 at 10am in the Beaumont Room of the Sheraton on the Park hotel at 161 Elizabeth Street.

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Thu, 27 Sep 2018 21:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205929/global-geoscience-asks-investors-to-back-new-ion-pioneer-name-ioneer-205929.html
<![CDATA[News - Global Geoscience’s PFS confirms Nevada lithium-boron resource can support a 30-year mine life ]]> https://www.proactiveinvestors.com.au/companies/news/202168/global-geosciences-pfs-confirms-nevada-lithium-boron-resource-can-support-a-30-year-mine-life-202168.html Global Geoscience Ltd (ASX:GSC) has progressed a pre-feasibility study at its Rhyolite Ridge Lithium-Boron Project in Nevada, USA, confirming the deposit can support a mine life of at least 30 years.

The study has also demonstrated the potential for higher cashflow in the early years of mining by targeting mineralisation with higher lithium grades.

Rhyolite Ridge’s mineral resource is open to the north, south and west, and is expected to grow with additional drilling.

READ: Global Geoscience raises $53 million in fully underwritten placement

Global Geoscience managing director Bernard Rowe said the PFS showed that the indicated resource could support a 3-4 million tonne per annum operation, based on the current lithium-boron indicated resource at South Basin deposit.

He said: “Drilling has commenced at the southern limits of the resource area and we have two diamond drill rigs operating 24 hours/day.

“The initial program is expected to result in additional measured and indicated resources immediately adjacent to the proposed start-up pit.

“The PFS is on track for completion and release in Q3 2018 and any additional resource defined by the drilling program will be included in the mine plan after release of the PFS.

“The Rhyolite Ridge PFS is expected to demonstrate the strong economics of developing Rhyolite Ridge into a major, low-cost, near-term producer of lithium carbonate and boric acid.”

READ: Global Geoscience reveals more details for proposed process flow sheet

Global Geoscience anticipates the proposed mining operation will produce around 20-30,000 tonnes of lithium carbonate and 160-220,000 tonnes of boric acid per annum over the projected mine life.

Production rates are based on the indicated resource and indicative overall recoveries of 75-80% for lithium and boron, based on metallurgical test work undertaken by Global Geoscience.

Rhyolite Ridge is a large, shallow lithium-boron deposit close to existing infrastructure.

Global Geoscience aims to develop the Rhyolite Ridge Lithium-Boron Project into a strategic, long-life, low-cost supplier of lithium and boron products.

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Fri, 03 Aug 2018 01:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202168/global-geosciences-pfs-confirms-nevada-lithium-boron-resource-can-support-a-30-year-mine-life-202168.html
<![CDATA[News - Global Geoscience raises $53 million in fully underwritten placement ]]> https://www.proactiveinvestors.com.au/companies/news/198743/global-geoscience-raises-53-million-in-fully-underwritten-placement-198743.html Global Geoscience Ltd (ASX:GSC) has secured $53 million through a fully underwritten share placement priced at 41 cents per share.

Proceeds will fully fund the flagship Rhyolite Ridge Lithium-Boron Project in Nevada through to a mine development decision by late 2019.

Shares in the company are currently in a trading halt while the placement is completed.

The halt will be lifted and shares will recommence trading tomorrow morning.

Low-cost producer of lithium and boron

Global Geoscience’s managing director Bernard Rowe said: “In recent months, Global has made significant steps to de-risk the ongoing development of the Rhyolite Ridge Lithium-Boron Project.

“The trade-off studies we recently announced highlight the project’s very strong potential to be a major, low-cost producer of lithium and boron in an environmentally sustainable manner.

“The equity raising today provides funding for further drilling to test the strategic scale of the lithium-boron mineralisation within our claims and also put the company in a strong position to negotiate development funding with a wide range of parties.”

Share price up over 200% in past 9 months

Rowe added: “We are also delighted by Global’s strong share price performance over the last nine months, up over 200%, and its recent inclusion into the ASX300 index.

“We are pleased with the continued support shown by our existing institutional shareholders for the ongoing development of the project, and we would like to take the opportunity to welcome new investors to our register.”

Cash position boosted to over $85 million

The share placement increases the company’s cash balance to greater than $85 million and will fund a number of initiatives including completion of the pre-feasibility study.

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Wed, 13 Jun 2018 11:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198743/global-geoscience-raises-53-million-in-fully-underwritten-placement-198743.html
<![CDATA[News - Global Geoscience reveals more details for proposed process flow sheet ]]> https://www.proactiveinvestors.com.au/companies/news/198338/global-geoscience-reveals-more-details-for-proposed-process-flow-sheet-198338.html Global Geoscience Ltd (ASX:GSC) has unveiled additional details from its ongoing pre-feasibility study (PFS) of the 100%-owned Rhyolite Ridge Lithium-Boron Project in Nevada, US.

Global Geoscience’s managing director Bernard Rowe said: “Our PFS work to date has provided a clear path to developing Rhyolite Ridge into a major, low-cost producer of lithium and boron in an environmentally sustainable manner.

“We are prudently progressing Rhyolite Ridge toward production and remain on track to release the PFS outcomes in Q3 2018.”

Proposed process flow sheet comprises three parts

The proposed three-part process flow sheet for Rhyolite Ridge is based on findings from the project’s recently completed first phase of the PFS.

Firstly, lithium and boron will be extracted from mined crushed rock using sulphuric acid leaching into a pregnant leach solution (PLS).

Secondly, the PLS will be further concentrated using a mechanical evaporator and the boric acid product is further refined by flotation and recrystallization.

Finally, the remaining impurities are removed via precipitation and ion exchange followed by the precipitation of lithium carbonate.

Mine and facilities to take up less than one square mile

The Rhyolite Ridge site layout has been designed with the total surface disturbance footprint of the mine and related facilities being less than one square mile or 640 acres.

This allows the Federal Bureau of Land Management to consider the project for the Environmental Assessment (EA) process.

The EA approval process can typically be completed within six to nine months of completion of baseline studies.

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Wed, 06 Jun 2018 16:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198338/global-geoscience-reveals-more-details-for-proposed-process-flow-sheet-198338.html
<![CDATA[News - Global Geoscience readies to advance lithium-boron deposit in Nevada ]]> https://www.proactiveinvestors.com.au/companies/news/184554/global-geoscience-readies-to-advance-lithium-boron-deposit-in-nevada-184554.html Global Geoscience Ltd (ASX:GSC) remains focused on the wholly-owned Rhyolite Ridge project located in Nevada, U.S., which is a large, shallow lithium-boron deposit.

The project is in an infrastructure rich region, and is located 25 kilometres west of Albermarle’s Silver Peak lithium mine and 340 kilometres from the Tesla Inc (NASDAQ:TSLA) Gigafactory near Reno.

Global Geoscience is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Thursday 28th September 2017, or earlier if an announcement is made to the market.

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Tue, 26 Sep 2017 11:04:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184554/global-geoscience-readies-to-advance-lithium-boron-deposit-in-nevada-184554.html
<![CDATA[News - Global Geoscience shares continue to prevail ]]> https://www.proactiveinvestors.com.au/companies/news/178028/global-geoscience-shares-continue-to-prevail-178028.html Global Geoscience (ASX:GSC) shares have proven resilient over recent days, a period where most ASX companies have struggled.

Momentum continues for Global Geoscience, who earlier in the month revealed recoveries of 98% lithium and 99% boron at their flagship Rhyolite Ridge Lithium-Boron Project located in Nevada.

Company shares are currently trading at $0.19, up 185% year to date.

The U.S. based lithium asset has peaked the interest of investors worldwide given the deposit’s size, location, shallow depth and most recently, positive metallurgical properties.

Its Nevada location means it is proximate to the Tesla Inc (NASDAQ:TSLA) Gigafactory and world-class mining infrastructure.

Nevada is home to North America’s only lithium brine production operation, Silver Peak, owned and operated by Albemarle Corporation (NYSE:ALB).

Furthermore, one of the world’s two major boron refineries is located in the neighbouring state of California.

The 100% owned Rhyolite Ridge project consists of two sedimentary basins, the South Basin and the North Basin, located four kilometres apart.

The South Basin includes an Indicated and Inferred Resource of 3.4 million tonnes of lithium carbonate and 11.3 million tonnes of boric acid, making it one of the largest lithium and boron deposits in North America.

The resource is open in most directions and is likely to increase in size with additional drilling.

The North Basin hosts thick, shallow lithium-boron mineralisation drilled by wide-spaced holes that are not yet sufficient to estimate a resource.

The June quarter work program is focusing on work required for a pre-feasibility study including:

- Completion of acid leach test work (complete);
- Optimisation of flotation and acid-leach process steps;
- Production of a lithium-boron brine for crystallisation test work;
- Infill drilling to upgrade the high-grade lithium-boron resource to the Measured category;
- Upgrading of the JORC resource estimate; and
- Commencement of pre-feasibility work.

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Fri, 19 May 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/178028/global-geoscience-shares-continue-to-prevail-178028.html
<![CDATA[News - Global Geoscience to reveal lithium metallurgy results ]]> https://www.proactiveinvestors.com.au/companies/news/177031/global-geoscience-to-reveal-lithium-metallurgy-results-177031.html Global Geoscience (ASX:GSC) has been granted a trading halt by the ASX, pending details of metallurgy results for the Rhyolite Ridge Lithium-Boron Project.

The halt will remain in place until the opening of trade on Tuesday 2nd May 2017, or earlier if an announcement is made to the market.

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Fri, 28 Apr 2017 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/177031/global-geoscience-to-reveal-lithium-metallurgy-results-177031.html
<![CDATA[News - Global Geoscience reveals maiden resource for lithium project in Nevada ]]> https://www.proactiveinvestors.com.au/companies/news/167403/global-geoscience-reveals-maiden-resource-for-lithium-project-in-nevada-167403.html The total indicated and inferred resource is 393 million tonnes at 0.9% lithium carbonate, 2.9% boric acid and 1.7% potassium sulphate (1.2% lithium carbonate equivalent).

This equates to 3.4 million tonnes of lithium carbonate contained within the resource.

The mineral resource remains open to the north, south and east and has a significant potential to expand.

North Basin, where the company recently obtained results for twenty historic drill holes, is not included in the resource estimate.

Global has the exclusive right to purchase the project from the owner, a private Nevada company.

Bernard Rowe, managing director, commented: “This is an excellent result for Global Geoscience and comes just four months after securing this exciting lithium project."
“The maiden Resource Estimate completed by RungePincockMinarco clearly demonstrates the significant scale of the Rhyolite Ridge lithium-boron deposit.”

“We are continuing to rapidly advance the project with metallurgical test work in progress and drilling at both North Basin and South Basin scheduled to commence in late October.”

The company’s share price has increased by 567% during the last six months, last trading at $0.06.

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Fri, 14 Oct 2016 13:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/167403/global-geoscience-reveals-maiden-resource-for-lithium-project-in-nevada-167403.html
<![CDATA[News - Global Geoscience Ltd to update on lithium-boron resource ]]> https://www.proactiveinvestors.com.au/companies/news/166989/global-geoscience-ltd-to-update-on-lithium-boron-resource-71382.html Global Geoscience Ltd (ASX:GSC) has been granted a trading halt by the ASX this morning, with its shares placed in pre-open.

GSC requested the halt pending details in relation to a resource estimate for the Rhyolite Ridge Lithium-Boron Project in Nevada, U.S.

The halt will remain in place until the opening of trade on Monday 10th October 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 06 Oct 2016 11:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/166989/global-geoscience-ltd-to-update-on-lithium-boron-resource-71382.html
<![CDATA[News - Global Geoscience Ltd reviews thick zones of lithium in Nevada ]]> https://www.proactiveinvestors.com.au/companies/news/166729/global-geoscience-ltd-reviews-thick-zones-of-lithium-in-nevada-71305.html Global Geoscience Ltd (ASX:GSC) has analysed drill results showing thick, shallow zones of lithium-boron mineralisation over five square kilometres at the Rhyolite Ridge project in Nevada, U.S.

The intersections include 33 metres at 1.22% lithium and 0.38% boron from 15 metres and 67 metres at 0.88 % lithium and 0.49% boron from 24 metres.

The drill results were from historic exploration completed at North Basin by US Borax during the 1980’s, using a combination of rotary and percussion drilling methods.

Importantly, individual 3 metre intervals up to 2.07% lithium indicate the potential for high-grade zones between and adjacent to the wide-spaced holes.

Global is planning to start drilling the high-grade targets at North and South Basins in the December quarter.

Meanwhile, the company is working towards establishing the maiden resource estimate at South Basin by early October 2016 using the existing database of drill hole data from 2010-2011.

Upon completion of a resource estimate and subject to positive preliminary metallurgical test work, the company will commence a pre-feasibility study (PFS) to assess the economic potential of the project.

Global is fully funded to complete a PFS on the project, after raising $6 million in August 2016 via a share placement at $0.075 each.

The company’s share price has increased by 857% during the last six months, last trading at $0.067.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 30 Sep 2016 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/166729/global-geoscience-ltd-reviews-thick-zones-of-lithium-in-nevada-71305.html
<![CDATA[News - Global Geoscience Ltd reviews high grade lithium in Nevada ]]> https://www.proactiveinvestors.com.au/companies/news/165243/global-geoscience-ltd-reviews-high-grade-lithium-in-nevada-70845.html Global Geoscience Ltd (ASX:GSC) has completed the preliminary review of historical exploration data over the southern basin of its Rhyolite Ridge Lithium-Boron Project in Nevada, U.S.

The historical high-grade lithium intersections include 12 metres at 1.42% lithium carbonate equivalent (LCE) from 65 metres and 14 metres at 1.37% LCE from 55 metres.

Importantly, the data demonstrate the significant tonnage together with the potential for higher-grade zones of mineralisation within South Basin.

The historical data analysed by Global includes drilling undertaken in 2010-2011 by American Lithium Minerals Inc, in conjunction with Japan Oil, Gas and Metals National Corporation.

The drill-hole data is expected to provide sufficient information to calculate an initial JORC-compliant resource estimate.

Global anticipates completion of the maiden resource estimation in October 2016.

Upon completion of a resource estimate and subject to positive preliminary metallurgical test work, the company will commence a pre-feasibility study (PFS) to assess the economic potential of the project.

Global is fully funded to complete a PFS on the project, after raising $6 million last month via a share placement at $0.075 each.

Incidentally, the company has also estimated an exploration target for the North Basin of 1 to 1.5 billion tonnes at 1000 ppm to 2000 ppm lithium, 0.5% to 1.0% boron and 0.5% to 1.0% potassium.

Global’s share price has increased by more than 900% during the last six months, last trading at $0.062.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 05 Sep 2016 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165243/global-geoscience-ltd-reviews-high-grade-lithium-in-nevada-70845.html
<![CDATA[News - Global Geoscience Ltd finalises oversubscribed raising for Nevada lithium ]]> https://www.proactiveinvestors.com.au/companies/news/165242/global-geoscience-ltd-finalises-oversubscribed-raising-for-nevada-lithium-70335.html Global Geoscience Ltd (ASX:GSC) will be fully funded to complete a pre-feasibility study on the Rhyolite Ridge Lithium-Boron Project in Nevada, U.S., after receiving commitments to raise $6 million via a share placement at $0.075 each.

The Rhyolite Ridge Project is a high quality, lithium-boron-strontium asset located close to existing infrastructure in Nevada with a significant potential to grow and advance.

The net proceeds from the placement will be used for preliminary metallurgical test work, resource and exploration drilling and to define a maiden JORC-compliant resource estimate for the South Basin area.

8800 metres of drilling has been undertaken at South Basin in 2010-2011 by American Lithium Minerals Inc, in conjunction with Japan Oil, Gas and Metals National Corporation.

Global has obtained access to this substantial exploration database, which would cost over $3 million to replicate.

An exploration target of 200-300 million tonnes grading 0.64-1.06% lithium carbonate equivalent (LCE) and 0.6-1.2% boron has been calculated by Global for part of the South Basin area.

Notably, 84 rock chip samples collected by Global from outcrops over a strike length of 2.5 kilometres at South Basin returned grades of up to 2.0% LCE.

Most importantly, testing of rock chip samples show that >90% of total lithium content can be recovered using a weak-acid digest (leach).

This provides evidence that the hosted lithium can be extracted without the need for high-cost processing.

In June, Global secured an option to acquire a 100% interest in the Rhyolite Ridge Lithium-Boron Project from a private Nevada company.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 10 Aug 2016 09:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165242/global-geoscience-ltd-finalises-oversubscribed-raising-for-nevada-lithium-70335.html
<![CDATA[News - Global Geoscience Ltd gets ready to raise for lithium ]]> https://www.proactiveinvestors.com.au/companies/news/165241/global-geoscience-ltd-gets-ready-to-raise-for-lithium-70271.html Global Geoscience Ltd (ASX:GSC) has been granted a trading halt by the ASX, pending details of a capital raising.

The company is evaluating the potential of the Rhyolite Ridge lithium-boron project in southern Nevada.

The halt will remain in place until the opening of trade on Tuesday 9th August 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Fri, 05 Aug 2016 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165241/global-geoscience-ltd-gets-ready-to-raise-for-lithium-70271.html
<![CDATA[News - Global Geoscience Ltd to reveal exploration results ]]> https://www.proactiveinvestors.com.au/companies/news/154969/global-geoscience-ltd-to-reveal-exploration-results-69848.html Global Geoscience Ltd (ASX:GSC) is poised to reveal exploration results, with the ASX granting the company a trading halt to prepare.

Shares in the company have increased over ten-fold in just over a month.

Global recently moved to acquire the Rhyolite Ridge Lithium-Boron project, where due diligence confirmed potential as a long life, low cost source of lithium and boron in the U.S.

The halt will remain in place until the opening of trade on Tuesday 19th July 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Jul 2016 16:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/154969/global-geoscience-ltd-to-reveal-exploration-results-69848.html
<![CDATA[News - Global Geoscience Ltd to divulge acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/154968/global-geoscience-ltd-to-divulge-acquisition-69006.html Global Geoscience Ltd (ASX:GSC) has some acquisition news on the table, with the ASX granting the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Monday 6th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 02 Jun 2016 18:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/154968/global-geoscience-ltd-to-divulge-acquisition-69006.html
<![CDATA[News - Global Geoscience Ltd has an acquisition on the table ]]> https://www.proactiveinvestors.com.au/companies/news/154967/global-geoscience-ltd-has-an-acquisition-on-the-table-67929.html Global Geoscience Ltd (ASX:GSC) is preparing to outline details of a proposed acquisition, with the ASX granting the company a trading halt to prepare.

No further details have yet been outlined by the company.

The halt will remain in place until the opening of trade on Monday 11th April 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 07 Apr 2016 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/154967/global-geoscience-ltd-has-an-acquisition-on-the-table-67929.html
<![CDATA[News - Global Geoscience heads to market ]]> https://www.proactiveinvestors.com.au/companies/news/154966/global-geoscience-heads-to-market-65268.html Global Geoscience (ASX:GSC) has been granted a trading halt by the ASX this morning, pending details of a capital raising.

The company holds copper-gold interests in Nevada and Arizona in the United States, and Peru.

The halt will remain in place until the opening of trade on Wednesday 28th October 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 26 Oct 2015 11:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/154966/global-geoscience-heads-to-market-65268.html
<![CDATA[News - Global Geoscience raises $900,000 for gold drilling in Nevada ]]> https://www.proactiveinvestors.com.au/companies/news/154965/global-geoscience-raises-900000-for-gold-drilling-in-nevada-53942.html Global Geoscience (ASX: GSC) has completed an oversubscribed placement to sophisticated investors to raise $900,000 to fund a drilling program at its flagship Tokop gold project in Nevada, USA.

Shares were placed at $0.03, with one-for-two unlisted options exercisable at $0.05 per an expiry date of 28 September 2015.

The drill rig is expected to be on-site within the next few days and drilling will commence soon after.

Tokop is a greenfield discovery made by Global last year. Global's discovery program was limited to seven, wide-spaced drill holes and several surface trenches.

Wide zones of mostly oxide gold mineralisation are present at surface level and to depths of at least 200 metres.

Global also has an exploration alliance with Antofagasta (LON:ANTO) for copper in Arizona, and is capitalised at $7 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 27 Mar 2014 16:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/154965/global-geoscience-raises-900000-for-gold-drilling-in-nevada-53942.html
<![CDATA[News - Global Geoscience to launch placement ]]> https://www.proactiveinvestors.com.au/companies/news/154964/global-geoscience-to-launch-placement-53884.html Global Geoscience’s (ASX: GSC) shares are in pre-open after it was granted an ASX trading halt in relation to a pending placement.

The halt will last until the earlier of the announcement being released or the commencement of trading on Thursday, 27 March 2014.

Global had in February acquired tenure over the Towers Mountain porphyry copper system in central Arizona, U.S. - one of the world’s premier copper provinces.

Global owns 178 unpatented mining claims covering of 14.5 square kilometres, in which Antofagasta (LON:ANTO) can earn a 70% interest by spending US$5 million over six years, including US$1 million in the first two years to earn 51%.

The new property is the result of work conducted under the existing Arizona Exploration Alliance between Global and Antofagasta.
 
The area was identified by Global using its structural targeting methods, identifying a zoned stream sediment geochemical anomaly that included a central copper-molybdenum zone covering eight square kilometres.

Follow-up exploration identified the Towers Mountain porphyry intrusive and breccia complex as the source of the copper-molybdenum geochemical anomaly.

The Towers Mountain porphyry complex has been mentioned in several published reports dating back to the 1920’s, yet has never extensively explored.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 25 Mar 2014 13:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/154964/global-geoscience-to-launch-placement-53884.html
<![CDATA[News - Global Geoscience secures copper-molybdenum porphyry acreage with Antofagasta in U.S. ]]> https://www.proactiveinvestors.com.au/companies/news/154963/global-geoscience-secures-copper-molybdenum-porphyry-acreage-with-antofagasta-in-us-53042.html Global Geoscience (ASX: GSC) and Antofagasta (LON:ANTO) have identified and acquired tenure over the Towers Mountain porphyry copper system in central Arizona, U.S., one of the world’s premier copper provinces.

Global owns 178 unpatented mining claims covering of 14.5 square kilometres, in which Antofagasta can earn a 70% interest by spending US$5 million over six years, including US$1 million in the first two years to earn 51%.

The new property is the result of work conducted under the existing Arizona Exploration Alliance between Global and Antofagasta.
 
The area was identified by Global using its structural targeting methods, identifying a zoned stream sediment geochemical anomaly that included a central copper-molybdenum zone covering eight square kilometres.

Follow-up exploration identified the Towers Mountain porphyry intrusive and breccia complex as the source of the copper-molybdenum geochemical anomaly.

The Towers Mountain porphyry complex has been mentioned in several published reports dating back to the 1920’s, yet has never extensively explored.

Surrounding the central breccia is a discontinuous annular zone of copper mineralisation up to 400 metres wide, coincident with intense phyllic alteration.

The annular copper zone has not been tested in detail by drilling, and represents a high priority target for exploration.

Towers Mountain shares similarities with other large porphyry systems in the region, such as Freeport-McMoRan Copper & Gold’s (NYSE:FCX) Bagdad porphyry copper mine 80 kilometres to the northwest, which hosts 3 billion tonnes at 0.4% copper.

Global is working with a mining major, near major mines, and is capitalised at under $8 million.

 

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Fri, 21 Feb 2014 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/154963/global-geoscience-secures-copper-molybdenum-porphyry-acreage-with-antofagasta-in-us-53042.html
<![CDATA[News - Global Geoscience samples 13g/t gold in rock chips at Tokop, Nevada ]]> https://www.proactiveinvestors.com.au/companies/news/154962/global-geoscience-samples-13gt-gold-in-rock-chips-at-tokop-nevada-52797.html Global Geoscience (ASX: GSC) should firm in trade after revealing rock chip results up to 13 grams per tonne at its Tokop gold project in Nevada, U.S.

The 45 sample results averaged 2.1 grams per tonne gold, and are consistent with previous drill and trench results of up to 19 metres at 1.3 to 1.9 grams per tonne gold.

Tokop is a greenfield discovery made by Global last year, only seven drill holes have been completed to date, and a permit has been awarded covering the next phase of drilling.

The deposit is an Intrusion Related Gold System, with similarities to the 9 million ounce Fort Knox gold deposit in Alaska, owned by the $6 billion Kinross Gold (NYSE:KGC).

Geological, geochemical and geophysical data suggest the intrusion at Tokop measures 1 kilometre by 2 kilometres, exposed in three areas at surface, separated by limestone and skarn.

The results confirm Global's interpretation that the gold at Tokop is present within sheeted and stockworked quartz veins in a number of zones within the intrusion.

Importantly for potential mining operations, Tokop lies just 15 kilometres from the main highway between Reno and Las Vegas.

Global is capitalised at around $6 million.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 13 Feb 2014 13:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/154962/global-geoscience-samples-13gt-gold-in-rock-chips-at-tokop-nevada-52797.html
<![CDATA[News - Global Geoscience, Antofagasta continuing copper exploration in Arizona ]]> https://www.proactiveinvestors.com.au/companies/news/154961/global-geoscience-antofagasta-continuing-copper-exploration-in-arizona-51225.html Global Geoscience (ASX: GSC) and major Chilean copper producer Antofagasta (LON: ANTO) have completed preliminary work at their project in Arizona that justifies immediate follow-up.

Reconnaissance exploration has been completed on 15 target areas selected by Global using its in-house structural targeting method with over 2,000 geochemical samples collected.

The results have led Antofagasta, which has a market cap of £7.6 billion and four operating mines in Chile, to release an additional US$200,000 of exploration funding, bringing the total approved budget up to US$400,000.

Global has already started detailed ground work that should lead to drilling at selected targets in 2014.

Antofagasta can earn 51% in a project by spending US$1 million per project over two years, and can increase its interest to 70% by spending a further US$4 million per project over an additional four years.

 

Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 17 Dec 2013 16:40:00 +1100 https://www.proactiveinvestors.com.au/companies/news/154961/global-geoscience-antofagasta-continuing-copper-exploration-in-arizona-51225.html