- ioneer (INR) awards engineering and equipment supply contract to Danish engineering company, FLSmidth
- FLSmidth will supply various equipment to assist with the development of ioneer’s Rhyolite Ridge Lithium-Boron Project in Nevada, US
- However, supplying this equipment is conditional on ioneer’s board making a final investment decision (FID) for the Rhyolite Project
- Company shares are up 2.5 per cent to trade at 41 cents at 12: 45 pm AEST
ioneer (INR) has awarded a major engineering and equipment supply contract to Danish firm, FLSmidth.
FLSmidth is an engineering company which specialises in processing and operations equipment and has extensive experience in providing technology, equipment, and engineering services to the battery minerals sector.
The contract is for the development of ioneer’s Rhyolite Ridge Lithium-Boron Project in Nevada, US.
Based on the definitive feasibility study completed in 2020, the project has been confirmed as a world-class resource with significant potential due to its low-cost, large-scale operation and long mine life.
Under the contract, FLSmidth will supply equipment packages including crushing and material handling equipment, and rotary lithium carbonate and boric acid dryers.
ioneer Managing Director Bernard Rowe said he was pleased to have awarded this contract.
“The contract with FLSmidth is one of the more significant supply packages we will award at Rhyolite Ridge and represents another step in the development of the project,” Mr Rowe said.
The supply of this equipment is conditional on ioneer’s board making a final investment decision (FID) for the Rhyolite Project.
FLSmidth Mining President, Mikko Keto, was delighted to win the contract.
“We are delighted to win this engineering order and we look forward to working with ioneer as it progresses development of the Rhyolite Ridge Lithium-Boron Project. This contract provides clear recognition of our experience, know-how and world class technologies for processing lithium.”
Company shares were up 2.5 per cent to trade at 41 cents at 12: 45 pm AEST.