Ioneer Limited · ASX:INR
Ioneer — Shareholder Meeting (May 2026)
15 slides from Ioneer's shareholder meeting presentation, May 21, 2026
Slide 1: 2026 AGM Managing Director Presentation
For personal use only 2026 AGM Managing Director Presentation MANAGING DIRECTOR PRESENTATION 21 May 2026 : IONR ASX : INR www.ioneer.com B Li 1
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, and For personal use only In respect
Slide 3: Key Investment Highlights
Key Investment Highlights For personal use only 1 Strong and resilient economics Lithium-Boron Project – NPV = $2.3B, IRR = 23.2% (levered) 2 265Mt Ore Reserve (PP), 77 year mine life, 3.4mtpa in Phase 1 operation 3 All-in sustaining cash cost of US$4,628 bottom quartile of global lithium cost curve
Slide 4: Rhyolite Ridge is Different Than Any Other Lithium or Boron Deposit
Rhyolite Ridge is Different Than Any Other Lithium or Boron Deposit For personal use only MANAGING DIRECTOR 4 21 May 2026 : IONR ASX : INR www.ioneer.com PRESENTATION
Slide 5: Boron Makes Rhyolite Ridge Special
Boron Makes Rhyolite Ridge Special The only known Vat/Heap leachable Lithium deposit globally: 1.5-day leach cycle Collection of bulk Crystallisers and samples from site evaporators, Kemetco For personal use only pilot plant Vancouver Column test at KCA, Reno Ore post leach in vat at pilot Column te
Slide 6: Proposed Rhyolite Ridge Process Plant
Proposed Rhyolite Ridge Process Plant Helping secure the U.S. supply chain for two critical minerals Sulphuric Ore Handling/ Acid Plant Evaporation / Sizing and For personal use only Crystallization Vat Leach Storage Plant Sulphur Supply Lithium Carbonate Circuit Power Plant Plant Utilities Boric Ac
Slide 7: AI Data Centers and New Gigafactories to Drive U.S. Domestic Lithium Demand
AI Data Centers and New Gigafactories to Drive U.S. Domestic Lithium Demand Rhyolite Ridge is well positioned to meet the needs of the domestic lithium supply chain For personal use only U.S. is expected to account for 51% of data center BESS demand, to be driven by a projected >180% increase in g
Slide 8: Boron is an Important Mineral With Strategic End-Uses
Boron is an Important Mineral With Strategic End-Uses And is one of the rarest elements found in commercial quantities • Strategic importance of boron growing, with the U.S., European Union, and United Kingdom designating boron as a critical mineral For personal use only Boron Overview Key Strategic
Slide 9: Substantially De-Risked Project
Substantially De-Risked Project Shovel Offtakes Low-Cost Permitted Ready In Place Debt For personal use only Final Federal permit 70% Engineering design Lithium & Boron offtake U.S DOE loan for $996 received in October 20241 complete Placed million2 • The BLM issued a positive • Industry leading par
Slide 10: Expansion Potential
Expansion Potential For personal use only • Mineral Resource is limited to part of the South Basin as shown on the map • Further drilling in South and North Basins likely to result in increase to Mineral Resource Estimate • Multiple expansion options with potential to increase lithium and boron supp
Slide 11: Partnering Process Progressing
Partnering Process Progressing Against an increasingly favourable backdrop For personal use only • Boron listed as a critical mineral in Nov 2025 • US-Japan and US-Korea trade agreements • US Government announces direct investments in critical minerals projects starting with rare earths • Strategic
Slide 12: Commitment to Sustainability
Commitment to Sustainability Seek to build trust with our For personal use only Strong Strong governance practices are stakeholders by operating with Governance essential to ioneer’s success integrity, transparency, and strict adherence to regulations Value all our employees and offer Dedicated to c
Slide 13: Providing Direct Economic Benefits to the Community
Providing Direct Economic Benefits to the Community Employment More than $838mm in direct local investment For personal use only will support 1,426 direct / indirect jobs and Opportunities $247mm in salaries and wages ~$33mm per year on average, in fiscal revenue Tax Revenues for state and local
Slide 14: Key Takeaways
Key Takeaways For personal use only A rare, long-life, permitted, shovel ready project in the U.S. with strong government support Unique Deposit Dual Revenue Shovel Ready Robust Expandable Economics A stable, secure, long-term supply of two products essential for batteries, magnets, semiconductors a
Slide 15: The next U.S. Lithium Producer
For personal use only The next U.S. Lithium Producer www.ioneer.com. ir@ioneer.com 15