Ioneer Limited · ASX:INR
Ioneer — Investor Presentation (February 2022)
22 slides from Ioneer's investor presentation, February 2022
Slide 1: Investor Presentation February 2022
Investor Presentation February 2022 Our mission is to provide the materials for a sustainable & thriving planet
Slide 2: Disclaimer
Disclaimer This presentation has been prepared as a summary only and does not contain all information about ioneer Ltds Competent Persons Statement (ioneer or the Company) assets and liabilities, financial position and performance, profits and losses, prospects, In respect of Mineral Resources and O
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure Share Price (As at 1 February 2022) SHARES OUTSTANDING 2.05b PERFORMANCE RIGHTS AND OPTIONS OUTSTANDING 76.9m CASH BALANCE (31/12/2021) A$149.0m SHARE PRICE ASX (1/02/2022) A$0.685 MARKET CAPITALISATION A$1.405b 52 WEEK SHARE PRICE RANGE (18/01/2022) A$0.27 - A$0
Slide 4: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project INR Location • Esmeralda County, NV Fact Sheet1 • 25km west of Albemarle’s Silver Peak Location Nevada, USA lithium mine Project Stage Bankable Feasibility • Tier-one mining jurisdiction Study Products Li2CO3, LiOH, B Highlights Resources2 146.5Mt • Most advanced
Slide 5: Most advanced lithium project in the US
Most advanced lithium project in the US ON TRACK TO BE CONSTRUCTION READY BY Q4 2022 BOTTOM OF THE LITHIUM COST CURVE FOR END PRODUCTS PRODUCED AT SITE ~50% DETAILED ENGINEERING COMPLETED. KEY CONTRACTS ARE BEING AWARDED FULL SIMULATION PILOT PLANT THROUGH TO Li CARBONATE AND HYDROXIDE ENVIRONMENTAL
Slide 6: Milestones achieved
Milestones achieved Offtake Engineering BOTTOM OF THE • Boric acid 70% of large LITHIUM COST CURVE complete procurement FOR END PRODUCTS packages placed PRODUCED AT SITE • First lithium Funding offtake Strategic Permits Issued Partnership with Sibanye-Stillwater • Air Quality Permit • Water Pollutio
Slide 7: What next?
What next? Additional lithium offtake - US focused US Listing on Nasdaq Project Debt - Government loan support - Project Finance Detailed Engineering - Award of additional contracts - Construction ready Fully Permitted - Federal permit - Final Investment Decision Looking east over the Rhyolite Ridge
Slide 8: Global lithium market trends
Global lithium market trends Increasing demand Short supply Global lithium demand (LCE kt) Widening deficit in lithium market • Speed at which new entrants can enter the market presents a key risk to supply ioneer Investor ioneer Investor Presentation Presentation ASX : INR www.ioneer.com www.ioneer
Slide 9: Rhyolite Ridge is ideally positioned to serve the US supply chain
Rhyolite Ridge is ideally positioned to serve the US supply chain Forecast & existing EV battery plant manufacturers to 2031 +5 OTHER PLANTS With location TBC 138GWh Demand • US gigafactory capacity in 2021 was 57 GWh from 4 gigafactories • Forecast gigafactory capacity in 2026 is 393GWh from 21 gig
Slide 10: Expected lowest cost producer
Expected lowest cost producer All-in sustaining cash cost at the bottom of the cost curve Source: Roskill 2019 LCE cost curve for all producing lithium brine and mineral operations shown on this cost curve, except for ioneer estimate sourced from the Rhyolite Ridge DFS. Costs as shown are all-in sus
Slide 11: Commitment to sustainability
Commitment to sustainability - Majority of on-site power will be met with CO2-free Low emissions energy production, low greenhouse gas emissions. - Mobile equipment meets Tier 4 EPA standards - Project design implements best-in-class water Low water usage utilization while recycling the majority of
Slide 12: Fully funded to final investment decision
Fully funded to final investment decision Project financing and sources of capital US$’m Project Debt Financing • Sibanye-Stillwater is direct funding ~60% of the DFS estimated capital Debt • Capex spend to FID is funded from existing cash • ioneer and Sibanye-Stillwater (JV) to jointly secure full
Slide 13: The right board and management team
The right board and management team Board of Directors Management Team BOTTOM OF THE LITHIUM COST CURVE JAMES D. CALAWAY ALAN DAVIES Executive Chairman Non-executive Director JAMES D. FOR END PRODUCTSBERNARD ROWE FORMER: FORMER: CALAWAY PRODUCED AT SITE Managing Director Non-exec chairman of Chief E
Slide 14: Surrounded by world-class partners
Surrounded by world-class partners Ioneer Limited has invested BOTTOM~US$100m OF THE to date appraising EPCM and developing the Project LITHIUM COST CURVE Evaporation and Evaporation and Crystallization Crystallization Acid Plant FOR END PRODUCTS PRODUCED AT SITE Sibanye-Stillwater 50% JV partner in
Slide 15: Planned Rhyolite Ridge development schedule
Planned Rhyolite Ridge development schedule Timing of permitting key driver to development time line 2016 2017 2018 2019 2020 2021 2022 2023 ▪ Acquired initial ▪ First production of ▪ Reserves & ▪ Production of ▪ Register of NOI interest in Project Boric Acid Resources battery grade upgrade LiOH ▪ U
Slide 16: Why ioneer?
Why ioneer? FULLY FUNDED TO FINAL INVESTMENT DECISION EXPECTED LOWEST COST LITHIUM PRODUCER MOST ADVANCED LITHIUM PROJECT IN US Mining-friendly Nevada COMMITMENT TO SUSTAINABILITY Low emissions, energy & water efficient SIGNIFICANT UPSIDE FROM LARGE RESOURCE BASE THE RIGHT TEAM TO DELIVER THE PROJEC
Slide 17: Contact information
Contact information Bernard Rowe Alex Cowie Matt Dempsey ioneer Ltd NWR Communications FTI Consulting Managing Director Investor & Media Relations Investor & Media Relations (Australia) (USA) T: +61 419 447 280 T: +61 412 952 610 T: +1 202 316 9609 E: browe@ioneer.com E: alexc@nmwcommunications.com.
Slide 18: Thank you
Thank you Our mission is to provide the materials for a sustainable & thriving planet www.ioneer.com
Slide 19: Resources & Reserves
Resources & Reserves BOTTOM OF THE LITHIUM COST CURVE FOR END PRODUCTS PRODUCED AT SITE • Rhyolite Ridge total Ore Reserve almost quadrupled to 60 million tonnes (mt) • Approximately half of the Ore Reserve is classified as Proved • Boron grades increased by 26% in the total Ore Reserve, significant
Slide 20: Rhyolite Ridge process plant
Rhyolite Ridge process plant Sulphuric Evaporation/ Acid Plant Crystallization Sulphur Vat Leach Plant Supply Lithium Carbonate Circuit Power Plant Ore Handling/ Sizing and Storage Plant Utilities Boric Acid Circuit Reagents ioneer Investor ioneer Investor Presentation Presentation ASX : INR www.ion
Slide 21: Rhyolite Ridge high level process flow diagram
Rhyolite Ridge high level process flow diagram Sulphuric Acid Steam Plant & Steam Turbine Sulphuric Acid for Leaching Lithium Run-of-Mine Crush to Boric Acid Evaporation & Vat Leaching Carbonate Ore under 20mm Circuit Crystallization Circuit Boric Acid Lithium Vat Leach Carbonate Packaging & Spent O
Slide 22: Rhyolite Ridge block flow diagram
Rhyolite Ridge block flow diagram ioneer Investor ioneer Investor Presentation Presentation ASX : INR www.ioneer.com www.ioneer.com 22