Ioneer Limited · ASX:INR
Ioneer — Investor Presentation (September 2022)
33 slides from Ioneer's investor presentation, September 2022
Slide 1: Investor Presentation: New World Metals Investor Series
Investor Presentation New World Metals Investor Series September 2022 Our mission: 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: Content
Content 1 Corporate Overview 2 Rhyolite Ridge Project 3 Lithium & Boron Markets 4 Recent Achievements 5 Next Steps 6 Investment Summary ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 3
Slide 4: Corporate Overview
1 Corporate Overview ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 4
Slide 5: Corporate Snapshot
Corporate Snapshot Capital Structure Share Price (As at September 2022) SHARES OUTSTANDING 2.10B PERFORMANCE RIGHTS AND OPTIONS OUTSTANDING 22.1M CASH BALANCE (June 2022) A$136.6M (US$94.2M) SHARE PRICE ASX A$0.66 MARKET CAPITALISATION A$1.4B 52 WEEK SHARE PRICE RANGE A$0.315 - A$0.855 Shareholders
Slide 6: The Right Team
The Right 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 Executive, Energy & Ex
Slide 7: The Right Partners
The Right Partners ioneer has invested ~US$115m BOTTOMtoOF date THEappraising and EPCM developing the Project LITHIUM COST CURVE Evaporation and Evaporation and Crystallization Crystallization Acid Plant FOR END PRODUCTS PRODUCED AT SITE Ioneer has sought to partner with best in class advisors Mater
Slide 8: Rhyolite Ridge Project
2 Rhyolite Ridge Project ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 8
Slide 9: 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 10: Most Advanced Lithium Project in the US
Most Advanced Lithium Project in the US PERMITTING: Environmental baseline studies completed. Two of three key permits awarded PERMITTING: Revised Plan of Operation submitted and in advanced stages of consultation with BLM BINDING OFFTAKE AGREEMENTS: Completed for boron and lithium production FUNDIN
Slide 11: Commitment to Sustainability
Commitment to Sustainability Position close to end markets creates an ESG benefit due to shorter supply chains - 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 implement
Slide 12: Lithium & Boron Markets
3 Lithium & Boron Markets ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 12
Slide 13: Global Lithium Market Trends
Global Lithium Market Trends Increasing demand Short supply Global lithium demand (LCE kt) Widening deficit in lithium market Lithium demand driven by growth in EVs Underinvestment in lithium supply Strong demand growth coupled with supply shortages are driving higher lithium prices ioneerInvestor i
Slide 14: Forecast US Lithium Market Trends
Forecast US Lithium Market Trends Rhyolite Ridge is ideally positioned to serve the US supply chain +5 OTHER PLANTS With locations TBC 138GWh Gigafactory demand LG CHEM IM3 New York Michigan 32GWh • 2021a 57 GWh / 4 gigafactories PANASONIC, TESLA, 18GWh GIGAFATORY 1 • 2026f - 393GWh / 21 gigafactori
Slide 15: Boron Market
Boron Market Global borates demand by end use The boric acid market Other • Broad range of essential uses mitigates reliance on single sector Borosilicate Glass LCD / TFT • Increasing demand from agriculture, solar, specialty glass 8% and permanent magnets EVs 19% 5% • Total global market of 4.5Mtpa
Slide 16: Boron in the Automotive Industry
Boron in the Automotive Industry The conundrum for our engineers was, how do we give you extra protection without adding extra weight that could cost you fuel savings? They looked to the aerospace industry for the answer and found it in boron steel. https://www.ford.com.au/technology/boron-steel/ Vo
Slide 17: Recent Achievements
3 Recent Achievements ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 17
Slide 18: US Listing on Nasdaq
US Listing on Nasdaq US Listing Strategy • INR believes: – Rhyolite Ridge is a strategic asset for US lithium supply security – US investors have demonstrated an increasing interest in "Electrification" – Provides opportunity for wider participation in ioneer share ownership from North American inve
Slide 19: Lithium Offtake
Lithium Offtake Lithium Offtake Status Lithium Offtake Strategy • Offtakes signed with Ford, PPES (Toyota & 2,600 tpa Panasonic) and EcoPro Tech Grade ~20,600 tpa Ford • Focused on US EV Supply chain LiCO 7,000 tpa • Offtakes support funding – Minimum volumes PPES 4,000 tpa – 3 to 5 year tenor – Ind
Slide 20: Next Steps
4 Next Steps ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 20
Slide 21: Key Workstreams
Key Workstreams Project Funding Detailed Engineering Permitting & Environmental Looking east over the Rhyolite Ridge South Basin ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 21
Slide 22: Project Funding
Project Funding Funding Strategy • Capex spend to FID is funded from existing cash US$’m • Sibanye-Stillwater is directly funding US$490m of the capital • Ioneer and Sibanye-Stillwater (JV) aiming to jointly secure full debt financing for the Project from either: Debt – U.S. Department of Energy (“D
Slide 23: Detailed Engineering
Detailed Engineering Engineering Status • Majority of key contracts awarded • ~50% detailed engineering complete. • Continuing engineering effort is focused on further decreasing execution risk, through: – Releasing further engineering and vendor packages/contracts for bid/award – Preparing an updat
Slide 24: Permitting & Environmental
Permitting & Environmental Permitting Overview - Status of key permits Permitting Process Permit Agency Status Class II Air Quality Permit Nevada Division of • Issued in June 2021 ROD Environmental Protection EIS Draft EIS public Water Pollution Control Nevada Division of • Issued in July 2021 scopi
Slide 25: Key Milestones
Key Milestones Milestone Estimated Timing1 US Listing on Nasdaq Completed Lithium offtake agreements Completed Resubmission of the Plan of Operations Completed Publishing of NOI 3Q 2022 Finalise debt financing 2H 2022 Finalise engineering to ‘construction ready 2H 2023 status’ Anticipated ROD (assum
Slide 26: Investment Summary
5 Investment Summary ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 26
Slide 27: Why ioneer?
Why ioneer? THE RIGHT COMMODITIES Lithium carbonate, lithium hydroxide and boric acid THE RIGHT LOCATION Positioned to serve the US EV battery supply chain THE RIGHT TEAM With a proven track record WITH NEAR TERM NEWSFLOW Debt, Permitting WITH A CLEAR PATH TO PRODUCTION Plug in to the future ioneerI
Slide 28: Thank you
Scan the QR code for more details Thank you Our mission: to provide the materials for a sustainable & thriving planet
Slide 29: Contact information
Contact information Ira Gostin Investor Relations Ioneer Limited E: ir@ioneer.com ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 29
Slide 30: Resources & Reserves
Resources & Reserves BOTTOM OF THE LITHIUM COST CURVE FOR END PRODUCTS PRODUCED AT SITE • Approximately half of the Ore Reserve is classified as Proved • Ore Reserve provides 94% of tonnes in current 26-year mine plan • Total Mineral Resource of 146.5 mt containing a total of 1.2 mt of lithium carbo
Slide 31: 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 ioneerInvestor ioneer InvestorPresentation Presentation : IONR ASX : INR ww
Slide 32: History of ioneer's ownership of Rhyolite & development schedule
History of ioneer’s ownership of Rhyolite & 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 ▪ US Listing on interest in Project Boric Acid Resources battery gra
Slide 33: Tiehm's buckwheat
Tiehm’s buckwheat Endangered Species Act (ESA) Considerations The protection and conservation of Tiehm’s buckwheat, which is already classified as a Sensitive Species by the BLM, is and always has been a central part of Ioneer’s environmental planning and approvals process for the Project. ioneer ha