Peter Taylor
Director
Good morning, all people. Welcome to this webinar from the CEO of ioneer, Mr. Bernard Rowe. I am very happy to current this webinar right now, and Bernard has received some large information to debate the challenge economics improve and Rhyolite Ridge. I will hand it over to Bernard. We’ll have time for just a few questions on the finish. Over to you.
Bernard Rowe
MD, CEO & Govt Director
Sure. Thanks, Peter, and welcome, all people. Thanks for becoming a member of this name. Please learn the disclaimer earlier than making any funding choices, after which we’ll bounce into it. So yesterday, ioneer introduced a really materials improve enchancment to the economics of the Rhyolite Ridge Challenge. Rhyolite Ridge is a singular lithium and boron deposit that is of strategic significance to the USA. It is going to be a really massive and long-life producer of each lithium and boron into that market.
And that is actually thrilling information with these up to date and upgraded economics. The NPV, simply to place that into perspective, the NPV of the challenge has risen by 38% to only underneath $1.9 billion. That is roughly equal to about AUD 1 per ioneer share in NPV. So it is a very important and materials improve. And I will speak later on this presentation about how we received there. However on the finish of the day, we’re producing extra lithium and boron and that is going straight to the underside line economics with no modifications in capital prices required to do this in upfront CapEx.
The ore reserve is 260 million tonnes, and it contains 3 ore streams. These 3 ore streams, we mix them collectively, that offers
