Ioneer Limited · ASX:INR
Ioneer — BMO 2024 Global Metals, Mining & Critical Minerals Conference
29 slides from Ioneer's conference presentation, Feb 26, 2024
Slide 1: BMO 2024 Global Metals, Mining & Critical Minerals Conference
INVESTOR PRESENTATION BMO 2024 Global Metals, Mining & Critical Minerals Conference For personal use only Florida, USA 25-28 February 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 14 February 2024) at 31 December 2023 For personal use only 21.5% Shares Outstanding 2.1b Unanalysed 29.4% Institutional Investors Performance Rights And Options Outstanding 37.4m 2.3% Brokers Cash Balance – 1 Jan 2024 US$28m
Slide 4: Proven & Experienced Team
Proven & Experienced Team BOARD OF DIRECTORS For personal use only 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-e
Slide 5: What Differentiates Ioneer from other emerging lithium companies
What Differentiates Ioneer from other emerging lithium companies For personal use only Permitting Partnerships Funding In final stage of federal Binding agreements with US$490 million conditional permitting process Ford (SK), Toyota (Panasonic) financing from Sibanye- and EcoPro Stillwater Debt Engi
Slide 6: Rhyolite Ridge Fact Sheet
FACT SHEET For personal use only 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 Pla
Slide 7: Rhyolite Ridge Lithium-Boron Project
Rhyolite Ridge Lithium-Boron Project CURRENT LITHIUM & BORON PRODUCTION Current Lithium & Boron production For personal use only with Ford & Toyota production facilities shown IDEALLY POSITIONED TO SERVE THE U.S. EV MARKET RHYOLITE RIDGE PROJECT Only known large Binding offtake Two of three key lith
Slide 8: US DOE Loan and Government Support
For personal use only 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 Conditional Term Rate Type Fixed from the date of each advance for the Purpose Devel
Slide 9: Best in Class Partners
Best in Class Partners Technically led approach For personal use only EPCM Evaporation and >US$150m 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 Contr
Slide 10: Detailed Engineering is ready
Detailed Engineering is ready For personal use only : IONR ASX : INR www.ioneer.com
Slide 11: Proposed Rhyolite Ridge Process Plant
Proposed Rhyolite Ridge Process Plant Sulphuric Evaporation/ Acid Plant For personal use only 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
Slide 12: 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 For personal use only • Project design implements best-in-class water utilization while recycling the majority of Low Water Usage water usage. • Expe
Slide 13: Permitting (NEPA) Process
Permitting (NEPA) Process Director of the DOE Loan Programs Office Jigar Shah “said the loan is intended to ‘provide assurances to equity investors’ that the administration believes the project has ‘a pathway forward’ to obtaining the permit.” (The Electric 18/01/2023) For personal use only Pre-perm
Slide 14: Key Growth Opportunities
Key Growth Opportunities Four areas aimed at increasing lithium production: WITHIN INITIAL MINE PLAN FOOTPRINT For personal use only High boron-lithium 1 • Current 26-year mine plan based on only 41% of Hi-B Resource • B5 and L6 zones Low boron-lithium • Already in mine plan for 2 • M5, S5 and L6 zo
Slide 15: Recent Activities
Recent Activities For personal use only : IONR ASX : INR www.ioneer.com
Slide 16: Why Ioneer
Why Ioneer For personal use only 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 s
Slide 17: 2024 Catalysts
2024 Catalysts For personal use only Updated Updated Updated Resource Mine Plan Capex / Opex and Reserves Estimate Final Federal Final Environmental Record of Investment Impact Decision Decision Statement : IONR ASX : INR www.ioneer.com
Slide 18: www.ioneer.com
For personal use only www.ioneer.com. ir@ioneer.com : IONR ASX : INR www.ioneer.com
Slide 19: Rhyolite Ridge – High Level Chemical Process Flow Diagram
Rhyolite Ridge – High Level Chemical Process Flow Diagram For personal use only Sulphuric Acid Plant & Steam Turbine Sulphuric Acid for leaching Steam VAT Boric Acid Evaporation & Lithium Carbonate LEACHING Circuit Circuit Crystallization Run-of- Crushing to Mine Ore under 20mm Lithium Carbonate Lit
Slide 20: South Basin Resource
South Basin Resource DOES NOT INCLUDE 2022-23 DRILLING For personal use only Ore Unit Ore Tonnes Lithium Grade Contained LCE Boron Grade Contained Boric (mT) (ppm) (kT) (ppm) Acid (kT) B5 79 1,800 770 17,200 7,790 High Boron L6 73 1,350 530 10,900 4,520 M5 (clay) 75 2,450 990 1,200 510 Low S5 20 1,6
Slide 21: South Basin Reserves
South Basin Reserves For personal use only Ore Reserves – High Boron Only Approximately half of the Ore Per 2020 Resource & Reserve Report) Reserve Classification Tonnage (Mt) Li (ppm) B (ppm) is classified as Proved Proved Reserves 29.0 1,900 16,250 Probable Reserves 31.5 1,700 14,650 Ore Reserve p
Slide 22: Significant growth opportunities
Significant growth opportunities South Basin North Basin For personal use only South Basin 2x larger than footprint of current 360Mt Mineral Resource containing 3.4Mt LCE Mineralisation is open to north, south and east Mineral Resource updated Resource Area 3km2 April 2023 North Basin Over 4x larger
Slide 23: Growth Opportunity in Proposed Permitting Footprint
Growth Opportunity in Proposed Permitting Footprint ALL FOUR MINERALISED LAYERS PROVIDE UPSIDE AND OPTIONALITY For personal use only M Mineralised 5 B5 S5 L6 : IONR ASX : INR www.ioneer.com
Slide 24: South Basin Mineralisation Types
South Basin Mineralisation Types Type 1 Type 2 Type 3 For personal use only High Boron-Lithium Low Boron-Lithium Low Boron-Lithium SEARLESITE HIGH-CLAY LOW-CLAY 157Mt Resource 75Mt Resource 128Mt Resource 60Mt Ore Reserve Acid Leachable Acid Leachable Acid Leachable Metallurgical tests and Pilot Pla
Slide 25: Acid Leach Results – Average recoveries >89%
Acid Leach Results – Average recoveries >89% SOUTH BASIN NORTH BASIN For personal use only Type 1 Type 2 Type 3 Type 3 Type 3 B5 (Vat) M5 (Agitated) S5 (Vat or Heap) L6 (Vat or Heap) NLB (Vat or Heap) Li 770 kMT LCE 990 kMT LCE 200 kMT LCE 1,400 kMT LCE 1000 – 3000 kMT LCE Gr 1,800 ppm 2,450 ppm 1,6
Slide 26: History of ioneer's Ownership of Rhyolite & Development Schedule
History of ioneer’s Ownership of Rhyolite & Development Schedule For personal use only TIMING OF PERMITTING KEY DRIVER TO DEVELOPMENT TIMELINE 2016 2017 2018 2019 2020 2021 2022 2023 2024 ❖ First production ❖ Reserves & ❖ Production of ❖ Receipt of ❖ Anticipated ❖ Acquired initial of Boric Acid Reso
Slide 27: Sedimentary deposit examples
Sedimentary deposit examples For personal use only CORE Ioneer Rhyolite Ridge Li-B (Searlesite) Resource* Rhyolite Ridge is only 170M tons at: Including 90M tons at: known occurrence of 1,650 ppm Li, 1,850ppm Li, Searlesite 14,100 ppm B 17,050 ppm B BLM submitted mine plan of operations contemplates
Slide 28: 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 For personal use only Li-B (Searlesite) Li-B (Searlesite) mineralisation mineralisation before acid leach after acid leach : IONR ASX : INR www.ioneer.com
Slide 29: 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 For personal use only 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
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