Ioneer Limited · ASX:INR
Ioneer — CG Metals and Mining Presentation May 2024
26 slides from Ioneer's conference presentation, May 2024
Slide 1: CG Metals and Mining Presentation
CG METALS AND MINING PRESENTATION May 2024 Providing 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: Corporate Snapshot
Corporate Snapshot Capital Structure Total Shareholder Composition (As at 1 May 2024) at 29 February 2024 23.9% Shares Outstanding (see next slide on Equity Raise) 2.3b Unanalysed 26.5% Institutional Investors Performance Rights And Options Outstanding 36.8m 2.6% Brokers Cash Balance – 31 March 2024
Slide 4: Equity Raising Overview
Equity Raising Overview Ioneer conducted a US$25 million placement at A$0.18/sh • Ioneer conducted a placement (“Equity Raising” or “Placement”) to raise US$25.1 million* (the “Offer”) Offer Structure • Approximately 213.6 million ordinary shares (“New Shares”) were issued representing ~10.1% of exi
Slide 5: 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 6: 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 7: 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 8: 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 9: 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 Controls Mining PPES (Toyot
Slide 10: Detailed Engineering is ready
Detailed Engineering is ready : IONR ASX : INR www.ioneer.com
Slide 11: 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 12: 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 13: 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 14: 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 15: 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 16: 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
Slide 17: ir@ioneer.com
www.ioneer.com. ir@ioneer.com : IONR ASX : INR www.ioneer.com
Slide 18: Rhyolite Ridge Lithium-Boron Project
FACT SHEET: DFS 20201,2 Rhyolite Ridge Location Nevada, USA Nevada Lithium for the U.S EV Supply Chain B Li Bankable Feasibility Study Lithium-Boron Project Stage (April, 2020) Products Lithium Carbonate, Boric Acid Current Project South Basin – still only partially drilled Project Mine Plan 64Mt (2
Slide 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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