ioneer Ltd

ioneer Ltd's primary business is developing the Rhyolite Ridge Project, a lithium-boron mine and processing facility located in Esmeralda County, Nevada, United States. This project is situated on public land managed by the Bureau of Land Management (BLM) of the U.S. Department of Interior. ioneer Ltd. currently holds a 100% interest in the project. The site has a history of exploration, with boron exploration dating back to the 1890s. Stauffer Chemicals drilled boreholes over 50 years ago, and U.S. Borax drilled 16 holes on the Cave Spring property between 1987 and 1992, also excavating and sampling numerous trenches. U.S. Borax held claims until after 2000, when Gold Summit Corp. acquired the property. In 2003, our predecessor, Global Geoscience Limited, began exploratory operations in Nevada. In 2010 and 2011, JOGMEC-American Lithium, after acquiring the property from Gold Summit, resampled existing trenches and drilled 21 diamond core HQ-sized core holes (approximately 16,850 feet) and 15 reverse circulation (RC) rotary percussion holes (approximately 12,000 feet) in the South Basin, totaling nearly 29,000 feet of drilling. In 2015, Boundary Peak Minerals acquired mineral rights before transferring them to ioneer in 2016. ioneer acquired its initial interest in the Rhyolite Ridge Project on June 3, 2016, under a Mining Lease and Option to Purchase Agreement with Boundary Peak Minerals, and exercised its option to purchase, acquiring title to the unpatented mining claims in May 2017.