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.
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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.