Ionic Rare Earths Ltd

The feasibility study for the Belfast Magnet Recycling project indicates a post-tax NPV7.5 of $502 million and an IRR of 43.6%. What market conditions or risks could impact the realization of these financial metrics, particularly concerning REO price fluctuations?

The NPV7.5 sensitivity analysis shows a wide range of outcomes depending on REO price scenarios. What is the company’s risk mitigation strategy to handle unfavourable price scenarios (e.g., Scenario 1, where NPV is significantly reduced to $83 million)?