Proactive Investors - Run By Investors For Investors

ioneer chairman and directors take options in lieu of fees

By taking options over cash, the board has aligned itself with shareholders.
empty board room
A PFS recently valued the Rhyolite Ridge Lithium-Boron Project at US$1.82 billion

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.

View full INR profile View Profile

ioneer Ltd Timeline

Related Articles

Aircore drilling efforts by workers in Mali during the 2017-18 field season
November 08 2018
The company will pick up drilling at its projects which have delivered high-grade African gold.
diammonium phosphate fertiliser produced from Ammaroo ore
November 28 2018
The Ammaroo Phosphate Project's million net present value (NPV10) is a nominal, ungeared after-tax $344 million
Colluli on a map is about 75 kilometres from Eritrea’s eastern Red Sea coast
January 17 2019
The company’s share price gained on the London exchange this week.
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use