Ioneer Limited · ASX:INR
Ioneer — Shareholder Meeting (November 2020)
22 slides from Ioneer's shareholder meeting presentation, Nov 6, 2020
Slide 1: AGM 2020 Presentation
AGM 2020 PRESENTATION Friday, 6 November 2020 In response to government restrictions and the potential health risks associated with COVID-19, the annual general meeting is being held virtually www.ioneer.com 1
Slide 2: Disclaimer 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: 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 4: Chairman's Address
oneer CHAIRMAN’S ADDRESS
Slide 5: Managing Director's Presentation
MANAGING DIRECTOR’S PRESENTATION www.ioneer.com 5
Slide 6: Bankable Feasibility Study
BANKABLE FEASIBIILTY STUDY FULL SIMULATION PILOT PLANT THROUGH TO Li CARBONATE AND HYDROXIDE 146 MT RESOURCE INCLUDING 60 MT RESERVE, OVER 100 DRILL HOLES ENVIRONMENTAL BASELINE STUDIES COMPLETED AND ACCEPTED BY BLM BINDING OFFTAKE AND SALES AGREEMENTS FOR MOST BORON PRODUCTION GOLDMAN SACHS ADVISIN
Slide 7: DFS Economics: NPV, IRR, Revenue, 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$13,000/tonne and boric
Slide 8: 2019 LCE Cost Curve
10,000 2019 LCE Cost Curve (US$/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 9: Confirmed process flowsheet
• Confirmed process flowsheet • Opportunity for process enhancements • Produced: • Supported detailed design engineering ➢ Premium quality boric acid ➢ High-quality technical grade lithium carbonate www.ioneer.com 9
Slide 10: Large Mineral Resource and Reserve
Large Mineral Large Ore Resource Reserve Sedimentary Basin 146.5M 60.0M Process Plant OPEN Tonnes Tonnes Total Ore Resource Area Long Life Mined Overburden of Mine Storage 63.8M Over 26 Years OPEN Tonnes Spent Ore Storage Quarry Opportunity to expand Resource with further drilling: Stage 1 OPEN • Re
Slide 11: 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 11
Slide 12: Low emissions, low water usage, small mine footprint
Zero C02 power co-generated at site, Low emissions low greenhouse gas emissions. Project design implements best-in-class water utilization Low water usage while recycling the majority of water usage. Small mine footprint No evaporation ponds or tailings dams. Low Greenhouse Gas emissions: 0.19 tons
Slide 13: Working with regulators on Tiehm's buckwheat
The company has taken great care to work with regulators, botanical experts, the nearby community and its employees to ensure the viability of Tiehm’s buckwheat and its natural habitat. Working With Regulators ioneer submitted a robust Project Plan of Operations to the Bureau of Land Management in M
Slide 14: 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 15: Strategically located in a tier 1 mining jurisdiction, Nevada
Strategically located in a tier 1 mining jurisdiction, Nevada IM3 LG CHEM New York Michigan 15GWh TESLA, 15GWh GIGAFATORY 1 LG CHEM/GM LORDSTOWN Nevada Ohio 60GWh 10GWh AESC Tennessee 5GWh SKI, COMMERCE Georgia TESLA, 10GWh TERAFACTORY Texas Farasis, 150 GWh (2029) TBC 10GWh US Demand: • Seven US me
Slide 16: Goldman Sachs advising on strategic and financing alternatives
Goldman Sachs advising on strategic and financing alternatives Equity Financing Equity Vendor Vendor Financing Financing Debt Debt Rhyolite Capex Ridge Estimate Partner with Additional Tier 1 Direct Investment Funding $785m Strategic in Project Strategic Partner with Stack Additional Strategic Partn
Slide 17: World Class Lithium-Boron Project Confirmed by Comprehensive DFS
WORLD CLASS LITHIUM-BORON PROJECT CONFIRMED BY COMPREHENSIVE DFS BOTTOM OF THE LITHIUM COST CURVE FOR END PRODUCTS PRODUCED AT SITE LONG-LIFE RESOURCE AND RESERVE WITH VERIFIED EXPANSION POTENTIAL MOST ADVANCED LITHIUM PROJECT IN US, MINING-FRIENDLY NEVADA SUSTAINABLE PROJECT, ENERGY & WATER EFFICIE
Slide 18: 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 / T: +1 917 208 9352 + 61 434 225 643 E: browe@ioneer.com E: jane.munday@fticon
Slide 19: Thank You
THANK YOU. Providing the materials for a sustainable & thriving planet. For more information please contact: info@ioneer.com www.ioneer.com
Slide 20: Capital Structure, Share Price and Shareholders
Capital Structure Share price (As at 5 November 2020) SHARES OUTSTANDING 1.68B PERFORMANCE RIGHTS AND 66m OPTIONS OUTSTANDING CASH BALANCE (30/09/20) A$28.8m SHARE PRICE ASX A$0.185 Shareholders Insider Ownership 8.2% MARKET CAPITALISATION A$319.8m Top 20 Ownership ~50.0% 52 WEEK SHARE PRICE RANGE C
Slide 21: Management Team
BERNARD ROWE IAN BUCKNELL KEN COON YOSHIO NAGAI MATT WEAVER Managing Director CFO & Company VP Human Resources VP Commercial Sales & Snr VP Engineering & Secretary Marketing Operations RESPONSIBILITIES: RESPONSIBILITIES: RESPONSIBILITIES: RESPONSIBILITIES: Finance HR Lithium & Boron Sales Engineerin
Slide 22: Surrounded by World Class Partners
SURROUNDED BY WORLD CLASS ioneer PARTNERS 4 > SNC+LAVALIN Acid Plant and antal Technologies; Acid Plant & EMERSON. \ (@ Automation Solutions Controls KEMETCO RESEARCH INC “a NewFields Spent Ore Pilot Plant KCA Leaching www.ioneer.com ) 22) 3EM STRATEGIES Environmental,