Ioneer Limited · ASX:INR
Ioneer — Ord Minnett East Coast Mining Conference 2023
27 slides from Ioneer's conference presentation, Mar 22, 2023
Slide 1: Investor Presentation
Investor Presentation Ord Minnett East Coast Mining Conference, 22 March 2023 Providing Material in the USA for a Sustainable Planet
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, In respect of Mineral Resources and O
Slide 3: Positioned to be the cornerstone of lithium production in the USA
Positioned to be the cornerstone of lithium production in the USA PERMITTING: Two of three key permits awarded PERMITTING: Final stage of federal permitting process (NEPA) started in December 2022. Public scoping in progress, draft EIS expected August 2023 and final Record of Decision (ROD) expected
Slide 4: Corporate Snapshot
Corporate Snapshot Capital Structure ASX Share Price (As at March 2023) SHARES OUTSTANDING 2.10B 2 March 2022 - 1 March 2023 $0.900 PERFORMANCE RIGHTS AND OPTIONS OUTSTANDING 34.0M $0.800 $0.700 $0.600 CASH BALANCE (US) – 1 Jan 2023 A$100.3m (US$69.4M) $0.500 SHARE PRICE ASX A$0.360 $0.400 $0.300 $0
Slide 5: Proven, Experienced Team
Proven, Experienced Team Board of Directors Management Team JAMES D. CALAWAY ALAN DAVIES JAMES D.BOTTOM OF THE BERNARD ROWE Executive Chairman Non-executive Director CALAWAYLITHIUM COST CURVE Managing Director FORMER: FORMER: FOR END PRODUCTS Executive Chairman 🇦🇦🇦🇦 Non-exec chairman of…
Slide 6: Best in Class Partners
Best in Class Partners We have invested >US$120m to date appraising & developing the Project BOTTOM OF THE EPCM Evaporation and LITHIUM COST CURVE Crystallization Acid Plant FOR We have sought best in END PRODUCTS class advisors PRODUCED AT SITE Material Haulage Handling System Fluor led the DFS wor
Slide 7: The Four Stages of Lithium-ion Battery Production
The Four Stages of Lithium-ion Battery Production Rhyolite Ridge Source: Benchmark Mineral Intelligence ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 7
Slide 8: Supportive Political Narrative
Supportive Political Narrative “Biden signs Inflation Reduction Act into law” (CNN Politics 16/08/2022) https://www.cnn.com/2022/08/16/politics “The Future of Vehicles is Electric”: President Biden Touts EVs in remarks on Infrastructure (Forbes breaking News 22/10/2022) https://www.youtube.co/watch?
Slide 9: Forecast U.S. Lithium Market
Forecast U.S. Lithium Market Rhyolite Ridge is ideally positioned to serve the U.S. EV market +1 OTHER PLANT With location TBC Gigafactory capacity (demand) Forecast GWh No. Demand Gigafactories Est. LCE ktpa 2022 Actual 106 8 87 IM3 LGES 2025 F/C 488 25 400 2030 F/C 1068 31 875 Panasonic/Tesla LGES
Slide 10: Boron – A Climate Transition Super Material
Boron – A Climate Transition Super Material1 The 5th Element of Decarbonisation1 Estimated Growth in Annual Boron Demand • Boron has exposure to several key climate technologies – HEV and EVs – Insulation Materials that reduce energy use – Agriculture as a micronutrient supporting sustainable farmin
Slide 11: Rhyolite Ridge Project
3 Rhyolite Ridge Project ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 11
Slide 12: Rhyolite Ridge Lithium-Boron Project – A Rare Sedimentary Deposit
Rhyolite Ridge Lithium-Boron Project – A Rare Sedimentary Deposit INR Fact Sheet1 Location Nevada, USA Bankable Feasibility Project Stage Study (April, 2020) Lithium Carbonate, Products Boric Acid Reserves2 60Mt Li 22,000 tpa Production B 174,400 tpa Binding Offtakes 80% of Li production All in sust
Slide 13: Rhyolite Ridge Process Plant
Rhyolite Ridge Process Plant Sulphuric Evaporation/ Acid Plant Crystallization Vat Leach Plant Sulphur Supply Ore Handling/ Sizing and Storage Lithium Carbonate Circuit Power Plant Plant Utilities Boric Acid Circuit Reagents ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR
Slide 14: Commitment to Sustainability
Commitment to Sustainability Position close to end markets creates an ESG benefit due to shorter supply chains • Majority of on-site power will be met with CO2-free Low Emissions energy production, low greenhouse gas emissions. • Mobile equipment meets Tier 4 EPA standards • Project design implement
Slide 15: Permitting Timeline
Permitting Timeline ioneer Investor Presentation www.ioneer.com 15
Slide 16: Key Milestones
Key Milestones Milestone Estimated Timing1 Completed US Listing on Nasdaq Completed Binding Lithium offtake agreements Completed Resubmission of the Mine Plan of Operations Completed NOI Publication Conclude DOE Loan Application Process Completed (Due Diligence Stage and Term Sheet Negotiation) Reso
Slide 17: Growth Opportunities
4 Growth Opportunities ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 17
Slide 18: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project • 100% interest in two sedimentary basins known to host lithium-boron mineralisation, both located within the Silver Peak Range Drilled by Rio Tinto 1990’s • The two basins are approx. 5km apart with a total prospective area covering approx. 22km2 • Only 3km2 hav
Slide 19: South Basin – Significant growth opportunity
South Basin – Significant growth opportunity Geology Prospective area - 8 sq km Gravity Over 2x larger than footprint of current 146.5Mt Mineral Resource containing 1.2Mt LCE Mineralisation is open to north, Resource Area 3km2 south and east Gravity defines the basin X X' X X' Mineral Resource updat
Slide 20: Mineralised layers cross-section
Current Resource is exclusively high boron layers (B5 and L6) East-West cross-section showing 20m thick B5 Li-B Ore layer (aqua) East-West cross-section showing mineralised layers M5 M5 B5 B5 Mineralised S5 S5 L6 L6 All four mineralised layers provide upside and optionality ioneer Investor ioneer In
Slide 21: North Basin – Another big growth opportunity
North Basin – Another big growth opportunity Geology Prospective area of 14 sq km Gravity Over 4x larger than footprint of South Basin Resource US Borax (Rio) - >50 holes 1980-90s NLB-1 NLB-1 NLB-2 2 holes drilled by INR in 20161 NLB-2 NLB-1 - 191m @ 1158ppm Li & 0.2% B from 23m NLB-2 - 111m @ 1212p
Slide 22: North Basin v's South Basin
North Basin v’s South Basin South South Basin South North Update Current DFS a ‘starter pit’ for mine Total prospective area 8 km2 14 km2 Multiple mineralised zones not in current 112 holes 2 holes – INR Drilling Reserve and Resource estimate (24,385m) (394m) Typical Lithium range 1,500 - 2,400ppm 1
Slide 23: Why ioneer
Why ioneer THE RIGHT COMMODITIES Lithium carbonate and boric acid THE RIGHT LOCATION Positioned to serve the U.S. EV battery supply chain AN EXPERIENCED TEAM With a proven track record A UNIQUE WORLD CLASS DEPOSIT With multi-generational scale potential THIRD PARTY VALIDATION US DOE, Sibanye Stillwa
Slide 24: Contact Information
Contact Information www.ioneer.com ir@ioneer.com ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 24
Slide 25: History of Ioneer's Ownership of Rhyolite & Development Schedule
History of Ioneer’s Ownership of Rhyolite & Development Schedule Timing of permitting key driver to development time line 2016 2017 2018 2019 2020 2021 2022 2023 2024 Acquired initial First production of Reserves & Production of Receipt of Anticipated interest in Project Boric Acid Resou
Slide 26: US Department of Energy – Loan Programs Office Conditional Commitment
US Department of Energy – Loan Programs Office Highlights Conditional Proposed loan of up to US$700 million to develop the Rhyolite Ridge Project Commitment through the DOE Loan Programs Office’s (LPO) Advanced Technology Vehicles Manufacturing (ATVM) program Key Terms A term of approximately 10 yea
Slide 27: Resources & Reserves
Resources & Reserves Metric Li B Equivalent Equivalent Equivalent Equivalent Tonnes Grade Grade Grade Grade contained contained (Mt) (ppm) (ppm) Li2Co3 H3BO3 Tonnes Tonnes (%) (%) Li2Co3 H3BO3 BOTTOM (kt) OF THE (kt) Mineral Resources LITHIUM COST CURVE Measured Resource 39.0 1,700 14,550 0.9 8.3 FO
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