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Company News

BUZZ-Australia's ioneer Ltd hits 1-week high on cheaper contracting model awarded to SNC-Lavalin

** Shares of ioneer Ltd rise as much as 5.7 pct to A$0.185, their highest since March 27

** The lithium-boron supplier says here the new contracting model struck with SNC-Lavalin Group Inc reduces capex estimate for a sulphuric acid plant at its Nevada, U.S. project by about $60 mln

** Co awarded SNC-Lavalin the engineering and design contract for a sulphuric acid plant at its Rhyolite Ridge Lithium-Boron project

** As of last close, stock has risen about 3 pct this year

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