Ioneer Limited · ASX:INR
Ioneer — Stifel Conference June 2024
25 slides from Ioneer's conference presentation, June 2024
Slide 1: Investor Presentation June 2024
INVESTOR PRESENTATION June 2024 Material in the U.S. for a Sustainable Planet : IONR ASX : INR www.ioneer.com B Li
Slide 2: Disclaimer
Disclaimer This presentation has been prepared as a summary only and does not contain all information about Competent Persons Statement ioneer Ltds (ioneer or the Company) assets and liabilities, financial position and performance, profits and In respect of Mineral Resources and Ore Reserves referre
Slide 3: What Differentiates Ioneer from other emerging lithium companies
What Differentiates Ioneer from other emerging lithium companies Permitting Partnerships Funding Expecting to be fully Binding agreements with US$490 million conditional permitted in 2024 Ford (SK), Toyota-Panasonic financing from Sibanye- and EcoPro Stillwater Debt Engineering Growth US$700 million
Slide 4: Rhyolite Ridge Lithium-Boron Project
Nevada Lithium Location Nevada, USA for the U.S EV B Li FACT SHEET: DFS 2020 Project Stage Bankable Feasibility Supply Chain Economics1,2 Study (April, 2020) Lithium Carbonate, Products Current Project Boric Acid Rhyolite Ridge South Basin – still only partially 64Mt (2.5Mtpa x 26 drilled Mine Plan
Slide 5: 2024 Catalysts
2024 Catalysts Updated Updated Updated Reserve & Capex / Opex Resource Mine Plan Estimate Final Federal Final Environmental Record of Investment Impact Decision Decision Statement : IONR ASX : INR www.ioneer.com
Slide 6: ir@ioneer.com
www.ioneer.com. ir@ioneer.com : IONR ASX : INR www.ioneer.com
Slide 7: Corporate Snapshot
Corporate Snapshot Total Shareholder Composition at 29 February 2024 Capital Structure 23.9% (As at 30 May 2024) Unanalysed 26.5% Institutional Investors 2.6% Brokers Shares Outstanding (see next slide on Equity Raise) 2.3b 3.9% Unallocated DRs Performance Rights And Options Outstanding 36.8m 5.8% C
Slide 8: Sources and Uses of Funds
Sources and Uses of Funds Equity Raising provides critical funding to reach Final Investment Decision Permitting timeline is now well-understood Sources of Funds Uses of Funds Funds provide necessary liquidity to reach FID in Dec-24 Advance detailed Growing momentum in lithium prices Proceeds
Slide 9: Permitting (NEPA) Process
“The Biden-Harris administration understands the important role Permitting (NEPA) Process mining will continue to play in the modern economy and the growing need for responsibly sourced critical minerals to meet our climate, infrastructure, and global competitiveness goals.” Dr. Steve Feldgus, Princ
Slide 10: Proven & Experienced Team
Proven & Experienced Team BOARD OF DIRECTORS JAMES D. CALAWAY BERNARD ROWE ALAN DAVIES ROSE McKINNEY-JAMES MARGARET WALKER STEPHEN GARDINER Executive Chair Managing Director Non-executive Director Non-executive Director Non-executive Director Non-executive Director Former Non-executive CEO & Founder
Slide 11: Best in Class Partners
Best in Class Partners Technically led approach EPCM Evaporation and >US$170m PFS, Pilot Plant, DFS completed, Crystallization Acid Plant invested to date Engineering ready. Fluor is EPCM Material Haulage Handling System Signed binding lithium offtake agreements Power and PPES (Toyota - EcoPro Contr
Slide 12: Detailed Engineering is ready
Detailed Engineering is ready : IONR ASX : INR www.ioneer.com
Slide 13: South Basin Resource Estimate Update
South Basin Resource Estimate Update* • Drill and gravity data define a highly promising “Shelf Zone” within the South Basin. o Li-B mineralisation is notably shallower than elsewhere in the basin. o Lithium grades are significantly higher compared to the resource average. o Mineralised sedimentary
Slide 14: Key Further Growth Opportunities
Key Further Growth Opportunities Four areas aimed at increasing lithium production: 1-3 ALL WITHIN INITIAL MINE PLAN FOOTPRINT 1 High-Boron Lithium (non-clay) 3 Lithium Clay • Current 26-year mine plan based on only • Already in mine plan for stockpiling 41% of high-boron lithium Resource • Resource
Slide 15: Significant Growth Opportunities
Significant Growth Opportunities South Basin North Basin South Basin 1.5X larger than footprint of current 351Mt Mineral Resource containing 3.25Mt LCE Mineralisation is open to north and east Mineral Resource updated April 2024 Resource Area 4.67km2 Highly promising Shelf Zone identified North Basi
Slide 16: Commitment to Sustainability
• Majority of on-site power from CO2-free energy production, Low Emissions low greenhouse gas emissions. • Mobile equipment meets Tier 4 EPA standards • Project design implements best-in-class water utilization while recycling the majority of Low Water Usage water usage. • Expected to use 30x less w
Slide 17: South Basin Resource Estimate April 2024
South Basin Resource Estimate April 2024 Contained Tonnage Li B Li2CO3 H3BO3 Li2CO3 H3BO3 Stream Classification Ktonnes ppm ppm Wt. % Wt. % (kt) (kt) 1 Measured 43,178 1,755 14,657 0.93 8.38 403 3,619 Searlesite: High- Indicated 74,235 1,599 12,183 0.85 6.97 632 5,171 boron lithium Inferred 35,608 1
Slide 18: Proposed Rhyolite Ridge Process Plant
Proposed Rhyolite Ridge Process Plant Sulphuric Evaporation/ Acid Plant Crystallization Vat Leach Plant Ore Handling/ Sizing and Sulphur Storage Supply Lithium Carbonate Circuit Power Plant Plant Utilities Boric Acid Circuit Reagents Engineering rendering of the Rhyolite Ridge Processing Plant : ION
Slide 19: Mineralised Growth Opportunity in Proposed Permitting Footprint
Growth Opportunity in Proposed Permitting Footprint ALL MINERALISED LAYERS PROVIDE UPSIDE AND OPTIONALITY M5 Mineralised B5 S5 L6 Rhyolite Ridge tuff : IONR ASX : INR www.ioneer.com
Slide 20: South Basin Mineralisation Types
South Basin Mineralisation Types Type 1 Type 2 Type 3 High-Boron Lithium Low-Boron Lithium Lithium Clay (NON-CLAY) (NON-CLAY) (CLAY) 153Mt Resource 142Mt Resource 56Mt Resource 60Mt Ore Reserve Acid Leachable Acid Leachable Acid Leachable Metallurgical tests and Pilot Plant Metallurgical tests Metal
Slide 21: Acid Leach Results – Average recoveries >89%
Acid Leach Results – Average recoveries >89% SOUTH BASIN NORTH BASIN Type 1 Type 2 Type 3 Type 2 High Boron Low Boron Clay Low Boron Li 1,335 kMT LCE 1,197 kMT LCE 720 kMT LCE 1000 – 3000 kMT LCE Gr 1,639 ppm 1,578 ppm 2,422 ppm 1000 – 1700 ppm R 94% Li 89% Li 89% Li 91% Li #TEST 300 + 65 45 35 BEFO
Slide 22: Sedimentary deposit examples
Sedimentary deposit examples CORE Ioneer Rhyolite Ridge Li-B (Searlesite) Resource* Rhyolite Ridge is only known occurrence of a Searlesite hosted lithium deposit CORE Li-only (clay) Most common type of sedimentary deposit in North America : IONR ASX : INR www.ioneer.com
Slide 23: Li-B (Searlesite) Before and After Acid Leaching
Li-B (Searlesite) Before and After Acid Leaching SEARLESITE ORE EASY AND LESS EXPENSIVE TO WASH, DE-WATER AND DISPOSE OF LEACH RESIDUE Li-B (Searlesite) Li-B (Searlesite) mineralisation mineralisation before acid leach after acid leach : IONR ASX : INR www.ioneer.com
Slide 24: Li-only (Clay) Mineralisation Before and After Acid Leaching
Li-only (Clay) Mineralisation Before and After Acid Leaching CLAY ORE IS DIFFICULT AND MORE EXPENSIVE TO WASH, DE-WATER AND DISPOSE OF LEACH RESIDUE Li-only (Clay) Li-only (Clay) mineralisation mineralisation before acid leach after acid leach : IONR ASX : INR www.ioneer.com
Slide 25: Why Ioneer
Why Ioneer The Right The Right An Products Location Experienced Lithium carbonate Positioned to serve Team and boric acid the U.S. EV battery With a proven track supply chain Plug in to record the Future Expansion Third Party Clear Path to Potential Validation Production With significant U.S. DOE, S