ioneer (ASX:INR) signs an MOU with Caterpillar

Company News

by Rachael Jones

Emerging lithium– boron supplier, ioneer (ASX:INR) has entered into a memorandum of understanding with Caterpillar for the use of Cat’s system for hauling at the Rhyolite Ridge mine in Nevada in the US.

They completed a joint automation study detailing the apparent benefits for early adoption of a Cat® Command for hauling, Autonomous Haulage System for improved operator safety, equipment utilization and site productivity.

The Rhyolite Ridge Lithium-Boron Project will be the first greenfield operation in North America to utilize the Autonomous Haulage System.

Shares in ioneer (ASX:INR) are trading 2.15 per cent higher at 48 cents.