Ioneer Limited · ASX:INR
Ioneer — Deutsche Bank Lithium Battery Supply Chain Conference 2020
13 slides from Ioneer's conference presentation, Nov 17, 2020
Slide 1: Deutsche Bank Lithium Battery Supply Chain Conference
DEUTSCHE BANK LITHIUM BATTERY SUPPLY CHAIN CONFERENCE November 17, 2020 www.ioneer.com 1
Slide 2: Disclaimer, Forward Looking Statements and Competent Persons Statement
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 In respect of Mineral Resources and Ore Reserves referred to in this presentation and previ
Slide 3: Definitive Feasibility Study completed April 2020
DEFINITIVE FEASIBIILTY STUDY COMPLETED IN APRIL 2020 BY FLOUR FULL SIMULATION PILOT PLANT CONFIRMS RECOVERIES & FINANCIAL FORECASTS RESERVE ALLOW LONG LIFE PRODUCTION AND EXPANSION ENVIRONMENTAL BASELINE STUDIES AND PLAN OF OPERATIONS COMPLETE BORON CO-PRODUCT OFFTAKE COMPLETE PROVIDING ECONOMIC RES
Slide 4: DFS Economics: NPV, IRR, Revenue and EBITDA
Annual Lithium After-tax NPV Unlevered After Hydroxide: (8% real): Tax IRR 22,000 ~US$1.27B ~21% Tonnes Years 4-26 Annual Boric Annual Revenue Annual EBITDA Acid: US$422M US$288M 174,400 Tonnes Years 1-26 The DFS base case lithium carbonate equivalent (LCE) prices average ~US$13,000/tonne and boric
Slide 5: Rendered DFS Engineering Model
Rendered DFS Engineering Model Sulphuric Evaporation/ Lithium Carbonate Acid Plant Vat Leach Plant Crystallization Circuit Ore Handling/ Sizing and Storage Power Plant Sulphur Lithium Hydroxide Supply Circuit (Year Four) Reagents Plant Utilities Boric Acid Circuit www.ioneer.com 5
Slide 6: Low emissions, low water usage, small mine footprint
Zero C02 power co-generated at site, low greenhouse gas Low emissions emissions. Project design implements best-in-class water utilization while Low water usage recycling the majority of water usage. Small mine footprint No evaporation ponds or tailings dams. Low Greenhouse Gas emissions: 0.19 tons
Slide 7: Boric Acid Production vs Offtake
PRODUCTION VS OFFTAKE ASIAN DISTRIBUTOR TERRITORIES Binding Offtake Non-binding Offtake Remaining Offtake 200 Boric Acid '000 Mt 150 100 Legend: 50 Dalian Jinma 0 Kintamani 1 2 3 4 5 Production Year Boron Bazar Japan Boric Acid Sales: • Asian boric acid sales & distribution network substantially com
Slide 8: Revenue and cost per tonne of lithium carbonate
Assuming US$11,000/t Lithium Carbonate and US$710/t boric acid $18,000 $16,000 $6,351 $14,000 ($8,861) Margin: $12,000 Lithium Revenue: $8,490 $11,000 $10,000 $8,000 All-in sustaining cash cost: US$2,510 $6,000 $4,000 Boric Acid Total Product Cost: Boric Acid Revenue: Credit: $8,186 $2,000 $5,676 US
Slide 9: 2019 LCE Cost Curve Global Producers
10,000 2019 LCE Cost Curve (US$/metric tonne) Global Producers 9,000 8,000 7,000 6,000 US$ LCE 5,000 4,000 3,000 2,000 1,000 - 0 50 100 150 200 250 300 350 400 1,000 Metric Tonnes ioneer Brine Mineral Source: Roskill for all producing lithium brine and mineral operations shown on this cost curve, ex
Slide 10: Surrounded by World Class Partners
ioneer SURROUNDED BY WORLD CLASS PARTNERS Va & EMERSON. \ (@ Automation Solutions Controls Pilot Plant KEMETCO RESEARCH INC SNC+LAVALIN Acid Plant <OUPONT? MECS? Sulfuric Acid and Environmental Technologies; Acid Plant () G co.per “a NewFields Spent Ore 73EM STRATEGIES e&, ‘KCA Leaching Environmenta
Slide 11: Board of Directors
JAMES D. CALAWAY BERNARD ROWE JULIAN BABARCZY Executive Chairman Managing Director Non-executive Director FORMER: IONEER: FORMER: Non-exec chairman of Managing Director since Head of Australian Equities, Orocobre Ltd August 2007 Regal Funds Management ALAN DAVIES PATRICK ELLIOTT JOHN HOFMEISTER Non-
Slide 12: Contacts and DFS video
Bernard Rowe Jane Munday / Megan Moore Grace Altman ioneer Ltd FTI Consulting FTI Consulting Managing Director Investor & Media Relations Investor & Media Relations (Australia) (USA) T: +61 419 447 280 T: +61 488 400 248 / Investor & Media Relations + 61 434 225 643 T: +1 917 208 9352 E: browe@ionee
Slide 13: Thank You
THANK YOU. Providing the materials for a sustainable & thriving planet. For more information please contact: info@ioneer.com www.ioneer.com
ioneer — Deutsche Bank Lithium Battery Supply Chain Conference 2020 on 6ix