Ioneer Limited · ASX:INR
Ioneer — Lithium Supply & Markets Conference 2019
19 slides from Ioneer's conference presentation, Jun 11, 2019
Slide 1: Rhyolite Ridge: American Source of Lithium & Boron for a Sustainable Future
For personal use only Rhyolite Ridge American Source of Lithium & Boron for a Sustainable Future James D. Calaway, Chairman of ioneer Ltd Lithium Supply & Markets Conference Santiago, Chile June 2019 1
Slide 2: Important notices and disclaimers
Important notices and disclaimers This presentation has been prepared as a summary only and does not contain all information Competent Persons Statement about ioneer Ltd’s (ioneer or the Company) assets and liabilities, financial position and For personal use only The information in this presentatio
Slide 3: Boron differentiates Rhyolite Ridge
Boron differentiates Rhyolite Ridge 100% ownership of Rhyolite Ridge For personal use only lithium-boron searlesite resource is set to deliver a Fluor on-track to be complete DFS in major lithium-boron mine Q3 2019 in the USA Extensive process flowsheet testwork 100%-owned Rhyolite Ridge: completed
Slide 4: Boron makes Rhyolite Ridge different to other sedimentary lithium deposits
Rhyolite Ridge Lithium-Boron Project For personal use only Boron makes Rhyolite Ridge different to other sedimentary lithium deposits Sedimentary lithium deposits are often incorrectly assumed to be synonymous with clay There are two basic types of sedimentary lithium deposit: Lithium-Boron type
Slide 5: Boron is essential for a modern world
Boron is essential for Boron is a larger market than lithium at a modern world ≈US$3.3 billion p.a. For personal use only Stable price and steady growth of 4-6% CAGR Broad range of uses Essential to modern life, often no substitutes Duopoly: Eti (Turkey) ≈50% Rio (Boron, California) ≈3
Slide 6: Funding flexibility & strategic partnering
Funding flexibility & strategic partnering For personal use only Multiple options to fund US$600M in capex 100% Working with a top-tier international bank ownership of asset Currently in the discovery phase Engaging with interested parties on potential: Two o Lithium and boron offtake product
Slide 7: Rhyolite Ridge progress
Rhyolite Ridge progress For personal use only Resource and Reserve upgrade Lithium hydroxide Positive met testwork confirmed by Veolia First production of lithium and boron Drilling doubles Pilot plant in operation from Rhyolite Ridge Resource Fluor completes DFS 2016 2017 2018 2019 2020 2021 Testwo
Slide 8: Rhyolite Ridge video
Rhyolite Ridge video For personal use only This video is available on the ioneer YouTube Channel ASX: INR 8
Slide 9: Key partners
Key partners For personal use only EPCM Evaporation Acid Plant Material Handling Acid Plant Controls Mining Pilot Plant Spent Ore Environment Leaching ASX: INR
Slide 10: Rhyolite Ridge product specifications
Rhyolite Ridge product specifications For personal use only Boric Acid Lithium Hydroxide Monohydrate Rhyolite Typical Rhyolite Typical Compound or Compound or Ridge Industry Units Ridge Industry Units Element Element Analysis Specifications Analysis Specifications Boric Oxide (B2O3) % >56.5 >56.25 L
Slide 11: Providing the materials for a sustainable & thriving planet
For personal use only Providing the materials for a sustainable & thriving planet. James D. Calaway Yoshio Nagai Chairman Sales & Business Development jcalaway@ioneer.com ynagai@ioneer.com 11 ASX: INR
Slide 12: Nevada – Tier 1 Mining Jurisdiction
Nevada – Tier 1 For personal use only Likely to benefit from the US Government’s renewed emphasis on domestic supplies of critical minerals • Tier 1 Mining Jurisdiction Looking south-east over Rhyolite Ridge South Basin • Excellent infrastructure with direct access to rapidly expanding American and
Slide 13: Project Overview
Project Overview For personal use only A searlesite resource that is different to other sedimentary lithium deposits - it is suitable for a simple acid leach process • Total Resource1 of 4.1 million tonnes lithium carbonate & 10.9 million tonnes boric acid • Including 121 million tonnes of lithium-b
Slide 14: PFS demonstrates robust project economics
PFS demonstrates robust project economics For personal use only Annual Revenue Total Capex Annual EBITDA $450M $599M $297M After-tax After-tax NPV IRR Cashflow (7% real): $6.6B $1.8B 28% Bottom of the Cost Curve Long Life Project • $1,796 per tonne of lithium • >30 years & expandable carbonate (with
Slide 15: Lowest operating cost
Lowest operating cost For personal use only Rhyolite Ridge to be at bottom of the lithium cost curve • Operating costs ~ $1,800/tonne lithium carbonate • Acid plant provides all steam and power required (with boric acid credit) plus excess 38MW of green power for sale • Boric acid revenue at $700/to
Slide 16: Processing
Processing For personal use only Using processing technologies proven at commercial scale On-site acid plant provides all of the steam and power required (+ circa 38MW surplus) Ore crushed to 25mm Ore vat leached at 50-60o C and at ambient pressure (similar to oxide copper) Boric acid crysta
Slide 17: Processing flowsheet
Processing flowsheet For personal use only ASX: INR 1717
Slide 18: District Scale Potential
District Scale Potential For personal use only Large 100%-owned mining claims Sediment-hosted lithium-boron deposit Similar mineralisation in two basins North Basin - Mineralisation outcrops over 3 km 38 wide-spaced holes strike length with Li and B 100% Federal (BLM) land Lithium-Boron (Sea
Slide 19: October 2018 Mineral Resource Estimate
October 2018 Mineral Resource Estimate (1,050ppm Li Cut-off) Total Resource including Lithium-Only Mineralisation and Lithium-Boron (Searlesite) Mineralisation Contained Group Classification Tonnage Li B Li2CO3 H3BO3 K2SO4 Li2CO3 Boric Acid Potassium For personal use only Mt ppm ppm % % % kt kt kt I