Ioneer Limited · ASX:INR
Ioneer — RIU Explorers Conference 2023
22 slides from Ioneer's conference presentation, Feb 14, 2023
Slide 1: Rhyolite Ridge: Development and growth opportunities
For personal use only Rhyolite Ridge Development and growth opportunities RIU Explorers Conference 14-16 February 2023 Providing Material for a Sustainable & Thriving 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: Content
Content Engineering rendering of the Rhyolite Ridge Processing Plant For personal use only 1 CORPORATE SNAPSHOT 2 RHYOLITE RIDGE PROJECT 3 GROWTH OPPORTUNITIES 4 CONCLUSION ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 3
Slide 4: Corporate snapshot
For personal use only 1 Corporate snapshot ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 4
Slide 5: Corporate Snapshot
Corporate Snapshot Capital Structure (As at February 2023) Key Executives For personal use only SHARES OUTSTANDING 2.10B CASH BALANCE (US) – 1 Jan 2023 A$100.3m (US$69.4M) SHARE PRICE ASX / (NASDAQ - 1 ADR = 40 ASX shares) A$0.440 / US$12.35 JAMES D. CALAWAY BERNARD ROWE IAN BUCKNELL MARKET CAPITALI
Slide 6: Rhyolite Ridge Project
For personal use only 2 Rhyolite Ridge Project ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 6
Slide 7: Rhyolite Ridge - Location
Rhyolite Ridge - Location For personal use only U.S. Gigafactory Locations IM3 LGES Panasonic/Tesla LGES/GM Samsung SDI LGES/Honda Tesla Ford/SKI Panasonic AESC/Mercedes Ford/SKI Toyota Ford/SKI AESC Kore Power Panasonic GM/LGES LGES SKI Tesla +1 OTHER PLANT With location TBC Current & planned Gigaf
Slide 8: Supportive Political Narrative
Supportive Political Narrative “Biden signs Inflation Reduction Act into law” For personal use only (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:/
Slide 9: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project • Located in Silver Peak Range - Part of western For personal use only Nevada’s Basin and Range province • Tertiary volcanic rocks of Silver Peak Caldera • Precambrian and Cambrian basement • Current JORC Mineral Resource1 of 146.5Mt containing 1.2Mt of lithium c
Slide 10: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project For personal use only 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 All in sustaining US$2,510/t of LCE cash cost EBITDA US$
Slide 11: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project Timing: For personal use only - Rhyolite Ridge will be the first new lithium producer in the USA in over 50 years - Construction to begin in 2024, and production in 2026 in time for ramp up in domestic demand Initial Production: - Phase 1 production of 22kt of li
Slide 12: Growth opportunities
For personal use only 3 Growth opportunities ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 12
Slide 13: South Basin – Significant growth opportunity
South Basin – Significant growth opportunity Geology Prospective area - 8 sq km Gravity For personal use only Over 2x larger than footprint of current 146.5Mt Mineral Resource Mineralisation is open to north, south and east Resource Area 3km2 Gravity defines the basin X X' X X' Mineral Resource upda
Slide 14: Current Resource is exclusively high boron layers (B5 and L6)
Current Resource is exclusively high boron layers (B5 and L6) East-West cross-section showing 20m thick B5 Li-B Ore layer (aqua) For personal use only East-West cross-section showing mineralised layers M5 M5 B5 Mineralised B5 S5 S5 L6 L6 All four mineralised layers provide upside and optionality ion
Slide 15: North Basin – Another big growth opportunity
North Basin – Another big growth opportunity Geology Prospective area of 14 sq km Gravity For personal use only 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 23
Slide 16: North Basin v's South Basin
North Basin v’s South Basin South South Basin South North For personal use only 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 Reserve and Resource estimate Drilling (24,385m) (394m) Resource update du
Slide 17: Conclusion
For personal use only 4 Conclusion ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 17
Slide 18: Why Ioneer
Why Ioneer THE RIGHT COMMODITIES For personal use only 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 U
Slide 19: Contact Information
Contact Information For personal use only www.ioneer.com ir@ioneer.com ioneer Investor ioneer Investor Presentation Presentation : IONR ASX : INR www.ioneer.com www.ioneer.com 19
Slide 20: Appendix
For personal use only Appendix Providing Material for a Sustainable & Thriving Planet
Slide 21: Resources & Reserves
Resources & Reserves Metric Li B Equivalent Equivalent Equivalent Equivalent Tonnes Grade Grade Grade Grade contained contained For personal use only (Mt) (ppm) (ppm) Li2Co3 H3BO3 Tonnes Tonnes (%) (%) Li2Co3 H3BO3 BOTTOM (kt) OF THE (kt) Mineral Resources LITHIUM COST CURVE Measured Resource 39.0 1
Slide 22: 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 For personal use only 2016 2017 2018 2019 2020 2021 2022 2023 2024 ▪ Acquired initial ▪ First production of ▪ Reserves & ▪ Production of ▪ Receipt of ▪ Anticipated interest in Pr