Ioneer Limited · ASX:INR
Ioneer — Bell Potter Emerging Leaders Conference 2023
27 slides from Ioneer's conference presentation, Sep 13, 2023
Slide 1: Bell Potter Emerging Leaders Conference
Bell Potter Emerging Leaders Conference 13 September 2023 Providing Material in the U.S. for a Sustainable 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: What Differentiates ioneer from other emerging lithium companies
What Differentiates ioneer from other emerging lithium companies 1. Why Ioneer PERMITTING: In final stage of federal permitting process 2. Corporate Overview PARTNERSHIPS: Binding agreements with Ford (SK), Toyota (Panasonic) and EcoPro 3. Lithium & Boron FUNDED: US$490 million conditional financing
Slide 4: Corporate Snapshot
Corporate Snapshot 1. Why Ioneer Capital Structure ASX Share Price (As at September 2023) 2. Corporate SHARES OUTSTANDING 2.11B Overview PERFORMANCE RIGHTS AND OPTIONS OUTSTANDING 33.1M CASH BALANCE – 1 Jul 2023 US$52.5M 3. Lithium & Boron SHARE PRICE ASX – 12 Sep 2023 A$0.23 Ridge Project ADR PRICE
Slide 5: Proven, Experienced Team
Proven, Experienced Team 1. Why Ioneer Board of Directors Management Team JAMES D. CALAWAY ALAN DAVIES JAMES D. BERNARD ROWE Executive Chairman Non-executive Director CALAWAY Managing Director 2. Corporate Overview FORMER: FORMER: Executive Chairman AUS Non-exec chairman of Chief Executive, Energy &
Slide 6: Global Lithium Shortage Requires New Projects
Global Lithium Shortage Requires New Projects 1. Why Ioneer Lithium Market Balance Lithium Carbonate Price Forecast 2. Corporate Overview ‘000 $/t Lithium Carbonat e Mt L C E (weighted) 3. Lithium & Boron Ridge Project 4. Rhyolite 5. Expansion Projects Source: Benchmark Mineral Intelligence – Lithiu
Slide 7: Forecast U.S. Lithium Market
Forecast U.S. Lithium Market 1. Why Ioneer States with current & planned Gigafactories by 2030 Gigafactory capacity (demand) (Shaded in blue) Forecast GWh No. Demand Gigafactories Est. LCE ktpa 2022 Actual 107 8 2. Corporate Overview 2025 F/C 462 27 396 2030 F/C 1099 33 942 Forecast domestic supply
Slide 8: Global Borates Market
Global Borates Market 1. Why Ioneer Demand by End Use The Boric Acid Market Boron used extensively in EVs • Demand: Other – Increasing demand from agriculture, solar, Borosilica LCD / te Glass TFT specialty glass and permanent magnets 2. Corporate 8% Overview 19% 5% for EVs – U.S. world’s 2nd larges
Slide 9: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project 1. Why Ioneer Nevada Lithium for the U.S EV Supply Chain 2. Corporate Overview • Rhyolite Ridge Project = South Basin – still only partially drilled • Producing enough lithium to power ~400,000 EVs per year 3. Lithium & o >20 ktpa of lithium carbonate and 174 ktp
Slide 10: Rhyolite Ridge Lithium-Boron Project Economics
Rhyolite Ridge Lithium-Boron Project Economics 1. Why Ioneer INR Producing Two Products Fact Sheet1 2. Corporate Location Nevada, USA Overview Bankable Feasibility Project Stage Study (April, 2020) Lithium Carbonate, Products Boric Acid 3. Lithium & 64Mt (2.5Mtpa x 26 Boron Mine Plan years) Li 22,00
Slide 11: Positioned to be a Cornerstone Supplier to the U.S. EV Market
Positioned to be a Cornerstone Supplier to the U.S. EV Market COMPLETE NEAR COMPLETE ON TRACK ON TRACK 1. Why Ioneer BOTTOM OF THE 1 2 3 LITHIUM 4COST CURVE 2. Corporate To sign Overview FOR END PRODUCTS binding To be To be PRODUCED AT SITE To be fully construction offtakes fully funded ready in per
Slide 12: US Department of Energy – Loan Programs Office
US Department of Energy – Loan Programs Office 1. Why Ioneer Highlights Conditional • Proposed loan of up to US$700 million to develop the Rhyolite Ridge Project Commitment through the DOE Loan Programs Office’s (LPO) Advanced Technology Vehicles Manufacturing (ATVM) program 2. Corporate Overview Ke
Slide 13: Best in Class Partners
Best in Class Partners 1. Why Ioneer Technically led approach EPCM 2. Corporate Evaporation and Overview Crystallization >US$120m invested to date Fluor led DFS and appointed EPCM Acid Plant Material Haulage Handling System 3. Lithium & Boron Signed binding lithium offtake agreements Power and Contr
Slide 14: Proposed Rhyolite Ridge Process Plant
Proposed Rhyolite Ridge Process Plant Sulphuric Evaporation/ Acid Plant Crystallization Vat Leach Plant Sulphur Supply Ore Handling/ Sizing and Storage Lithium Carbonate Circuit Power Plant Plant Utilities Boric Acid Circuit Reagents Engineering rendering of the Rhyolite Ridge Processing Plant ionee
Slide 15: Commitment to Sustainability
Commitment to Sustainability 1. Why Ioneer Designed to minimise impact on the environment • Majority of on-site power from CO2-free energy Low Emissions production, low greenhouse gas emissions. 2. Corporate • Overview Mobile equipment meets Tier 4 EPA standards • Project design implements best-in-c
Slide 16: Permitting (NEPA) Process
Permitting (NEPA) Process Director of the DOE Loan Programs Office Jigar Shah 1. Why Ioneer “said the loan is intended to ‘provide assurances to equity investors’ that the administration believes the Pre-permitting Permitting Process project has ‘a pathway forward’ to obtaining the permit.” (The Ele
Slide 17: Key Growth Opportunities
Key Growth Opportunities 1. Why Ioneer Four areas aimed at increasing lithium production: Within initial mine plan footprint 2. Corporate Overview 3. Lithium & 1. High boron-lithium 2. Low boron-lithium 3. North Basin 4. Other Projects Boron • Current 26-year mine plan • M5, S5 and L6 zones • 4x lar
Slide 18: Significant growth opportunities
Significant growth opportunities 1. Why Ioneer South Basin South Basin North Basin • 2x larger than footprint of current Prospective 360Mt Mineral Resource Area 2. Corporate containing 3.4Mt LCE Overview 8km2 • Mineralisation is open to north, south and east • Mineral Resource updated April NLB-1 3.
Slide 19: Growth Opportunity in Proposed Permitting Footprint
Growth Opportunity in Proposed Permitting Footprint Appendix M5 B5 Mineralised S5 L6 All four mineralised layers provide upside and optionality ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 19
Slide 20: South Basin Resource
South Basin Resource 1. Why Ioneer Ore Unit Ore Tonnes Lithium Grade Contained LCE Boron Grade Contained (mT) (ppm) (kT) (ppm) Boric Acid (kT) 2. Corporate Overview B5 79 1800 770 17,200 7,790 High Boron L6 73 1350 530 10,900 4,520 3. Lithium & Boron M5 (clay) 75 2450 990 1,200 510 Low Boron S5 20 1
Slide 21: Why Ioneer
Why Ioneer 1. Why Ioneer THE RIGHT PRODUCTS Lithium carbonate and boric acid 2. Corporate Overview THE RIGHT LOCATION Positioned to serve the U.S. EV battery supply chain 3. Lithium & Boron AN EXPERIENCED TEAM With a proven track record Ridge Project 4. Rhyolite EXPANSION POTENTIAL Resource update,
Slide 22: Contact Information
Contact Information www.ioneer.com ir@ioneer.com ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 22
Slide 23: Appendix
Appendix Providing Material for a Sustainable & Thriving Planet
Slide 24: Sibanye-Stillwater Overview
Sibanye-Stillwater Overview Sibanye-Stillwater is a unique, diversified, international, precious metals Group Appendix Americas assets European assets US PGM Stillwater mine (100%) Reserves: 15.3Moz 2E LITHIUM (LiOH) 26% 16% US$5.8bn Market Capitalisation East Boulder mine (100%) Keliber project (84
Slide 25: Resources & Reserves
Resources & Reserves Metric Li B Li2CO3 H3BO3 Li2CO3 H3BO3 Appendix Classification Tonnes (Mt) (ppm) (ppm) (wt. %) (wt. %) (kt) (kt) Mineral Resources Measured 43.8 1,750 14,350 0.9 8.2 400 3,590 Stream 1 Indicated 92.2 1,500 13,800 0.8 7.9 750 7,280 (> 5,000 ppm B) Inferred 20.8 1,650 13,700 0.9 7.
Slide 26: South Basin Mineralisation Types
South Basin Mineralisation Types Type 1 Type 2 Type 3 Appendix High Boron- Low Boron- Low Boron- Lithium Lithium Lithium Searlesite High-Clay Low-Clay 157Mt Resource 75Mt Resource 128Mt Resource 60Mt Ore Reserve Acid Leachable Acid Leachable Acid Leachable Metallurgical tests and Pilot Plant Metallu
Slide 27: 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 timeline Appendix 2016 2017 2018 2019 2020 2021 2022 2023 2024 ▪ Acquired initial ▪ First production of ▪ Reserves & ▪ Production of ▪ Receipt of ▪ Anticipated interest in Project Boric Ac
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