Ioneer Limited · ASX:INR
Ioneer — Investor Presentation (April 2024)
33 slides from Ioneer's investor presentation, Apr 30, 2024
Slide 1: Equity Raising Presentation
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES EQUITY RAISING PRESENTATION April, 2024 Providing Material in the U.S. for a Sustainable Planet : IONR ASX : INR www.ioneer.com B Li
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES IMPORTANT: You must read the following before continuing. Competent Persons Statement This presentation has been prepared by ioneer Ltd (ABN 76 098 564 606) (and / or its subsidiaries, as the The information in th
Slide 3: Important Notices and Disclaimers
Important Notices and Disclaimers NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Such information and financial measures (including EBITDA) do not have a standardised meaning dependence on commodity prices, availability of funding, impact of inflation on costs, exploration risks prescribed by
Slide 4: Important Notices and Disclaimers
Important Notices and Disclaimers NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Reliance on third party information Lead Manager and advisor The views expressed in this presentation contain information that has been derived from publicly Neither the Lead Manager nor any of their or the Compan
Slide 5: Important Notices and Disclaimers
Important Notices and Disclaimers NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Swap Agreements In connection with the Placement, one or more investors may elect to acquire an economic interest in the New Shares (“Economic Interest”), instead of subscribing for or acquiring the legal or benef
Slide 6: Equity Raising Summary
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES : IONR ASX : INR www.ioneer.com EQUITY RAISING SUMMARY
Slide 7: Equity Raising Overview
Equity Raising Overview NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Ioneer conducted a US$25 million placement at an offer price of 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 millio
Slide 8: Sources and Uses of Funds
Sources and Uses of Funds NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Equity Raising will provide critical funding to reach Final Investment Decision Permitting timeline is now well-understood Sources of Funds Uses of Funds Ioneer expects funds will provide necessary liquidity to reach
Slide 9: Equity Raising Timetable
Equity Raising Timetable NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Event Date (2024)1 Trading halt lifted and announcement of completion of Placement Tuesday, 30 April Settlement of New Shares issued under the Placement Friday, 3 May Issue and commencement of trading of New Shares issued
Slide 10: Rhyolite Ridge Project Overview
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES RHYOLITE RIDGE PROJECT OVERVIEW : IONR ASX : INR www.ioneer.com
Slide 11: What Differentiates Ioneer from other emerging lithium companies
What Differentiates Ioneer from other emerging lithium companies NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Permitting Partnerships Funding In final stage of federal Binding agreements with US$490 million conditional permitting process Ford (SK), Toyota-Panasonic financing from Sibanye- an
Slide 12: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES CURRENT LITHIUM & BORON PRODUCTION IN THE U.S. IDEALLY POSITIONED TO SERVE THE U.S. EV MARKET USE OF BORON IN ELECTRIC VEHICLES Car body & Borosilicate Interior Insulation Brake RHYOLITE RIDGE PROJECT alloy fra
Slide 13: Permitting (NEPA) Process
Permitting (NEPA) Process NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Release of the draft EIS was a key milestone in the environmental permitting process Director of the DOE Loan Programs Office Jigar Shah said, “the Pre-permitting Permitting Process loan is intended to ‘provide assurances
Slide 14: Capital Estimate and Sources of Capital
Capital Estimate and Sources of Capital NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • Ioneer intends to complete a Class 2 capital estimate and updated operating cost estimate to coincide with the planned Record of Decision (ROD) and Financial Investment Decision (FID). • Since release of t
Slide 15: South Basin Resource Estimate Update
South Basin Resource Estimate Update* NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES • 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 compare
Slide 16: Key Further Growth Opportunities
Key Further Growth Opportunities NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 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 stoc
Slide 17: DOE LPO Conditional Loan
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Amount Term Interest rate Conditional loan of up Approximately Applicable U.S. U.S. Department of Energy to US$700 million 10 years U.S. Treasury rates Loan Programs Office (DOE LPO) Government Rate Type Fixed from the date of each advance for the
Slide 18: Proven & Experienced Team
Proven & Experienced Team NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 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-
Slide 19: 2024 Catalysts
2024 Catalysts NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Updated Updated Updated Resource Reserve & Capex / Opex Mine Plan Estimate Final Federal Final Environmental Record of Investment Impact Decision Decision Statement : IONR ASX : INR www.ioneer.com
Slide 20: Appendix A: Supporting Materials
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES APPENDIX A: SUPPORTING MATERIALS : IONR ASX : INR www.ioneer.com
Slide 21: South Basin Resource Estimate April 2024
South Basin Resource Estimate April 2024 NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Contained Tonnage Li B Li2CO3 H3BO3 Li2CO3 H3BO3 Stream Classification Ktonnes ppm ppm Wt. % Wt. % (kt) (kt) Measured 43,178 1,755 14,657 0.93 8.38 403 3,619 Indicated 74,235 1,599 12,183 0.85 6.97 632 5,17
Slide 22: Fact Sheet: DFS 2020
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES FACT SHEET: DFS 20201,2 Rhyolite Ridge Nevada Lithium for the Location Nevada, USA U.S EV Supply Chain B Li Bankable Feasibility Study Lithium-Boron Project Stage (April, 2020) Products Lithium Carbonate, Boric Acid Current Project Project South B
Slide 23: Proposed Rhyolite Ridge Process Plant
Proposed Rhyolite Ridge Process Plant NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 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 r
Slide 24: Best in Class Partners
Best in Class Partners NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES 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 off
Slide 25: Appendix B: Key Risks
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES : IONR ASX : INR www.ioneer.com APPENDIX B: KEY RISKS
Slide 26: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES There are a number of factors, specific to the Company and of a general nature, which may affect the Future milestones future operating and financial performance of the Company, the Rhyolite Ridge Lithium-Boron Project and the industry i
Slide 27: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES The ability to achieve the planned construction timeline is subject to the risk of delay. The risk of delay Funding risk also exposes the Project to the increased risk of higher construction costs. There are a variety of reasons The Comp
Slide 28: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES In addition, if closing occurs under the Sibanye Stillwater equity commitment, Sibanye Stillwater must Reserves and Resources fund its equity commitment to the Project in instalments over a specified period. The Project will be exposed t
Slide 29: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Community relations Operational risks The Company’s mining activities may cause issues or concerns with the local community in connection Mining operations generally involve a high degree of inherent risk and uncertainty. Such operations
Slide 30: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Commodity prices and foreign exchange If the Project counterparties default on the performance of their respective obligations, for example if an offtake counterparty defaults on payment or a supplier defaults on delivery, this may cause
Slide 31: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Regulatory The Company’s and Project's business could be affected by new or evolving trade regulations and international standards, such as controls on exports, prices and sanctions restricting or regulating trading The Company’s and the
Slide 32: Key Risks
Key Risks NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES Litigation Termination of the underwriting agreement could result in the Offer not proceeding or not raising the anticipated amount of proceeds, and accordingly may materially adversely affect the Company's The Company and the Project ma
Slide 33: www.ioneer.com
NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES www.ioneer.com. ir@ioneer.com : IONR ASX : INR www.ioneer.com