Ioneer Limited · ASX:INR
Ioneer — Shareholder Meeting (November 2021)
17 slides from Ioneer's shareholder meeting presentation, Nov 5, 2021
Slide 1: Managing Director's AGM Presentation
Managing Director's AGM Presentation 5 NOVEMBER 2021
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: Milestones achieved this past year
Milestones achieved this past year Engineering • US$122-148 million in BOTTOM OF THE Lithium major work packages under LITHIUM COST CURVE negotiation Offtake • Work continuing with Funding FOR END PRODUCTS Agreement design increasing from 30% PRODUCED• Announced AT SITEStrategic (DFS level) to 50% c
Slide 4: Why ioneer
Why ioneer FULLY FUNDED TO FINAL EXPECTED LOWEST SIGNIFICANT UPSIDE INVESTMENT DECISION COST LITHIUM FROM LARGE PRODUCER RESOURCE BASE MOST ADVANCED COMMITMENT TO THE RIGHT TEAM TO LITHIUM PROJECT IN US SUSTAINABILITY DELIVER THE PROJECT Low emissions, energy & water Mining-friendly Nevada efficient
Slide 5: Fully funded to final investment decision
Fully funded to final investment decision Project financing and sources of capital Project Debt Financing Debt • Sibanye-Stillwater is direct funding ~60% of the DFS estimated capital • ioneer and Sibanye-Stillwater working together to secure full debt financing to production for the Project DFS Est
Slide 6: Why Sibanye-Stillwater?
Why Sibanye-Stillwater? ioneer believes Sibanye-Stillwater is the right partner for ioneer and Rhyolite Ridge Established US operator, Leading international miner First class ESG credentials with three integrated facilities in with extensive experience and commitment to sustainability, Montana, and
Slide 7: Transaction highlights
Transaction highlights Transformational strategic investment highlights the quality of Rhyolite Ridge and ioneer’s future as a major lithium and boron producer in the US Sibanye-Stillwater is a US$10 billion1 international mining company, with existing US operations and a proven track record in oper
Slide 8: Most advanced lithium project in the US
Most advanced lithium project in the US After-tax NPV (8% real): Unlevered After Tax IRR Annual Lithium Hydroxide: ~US$1.3B ~21% 22,000 Tonnes (Years 4-26) Annual Revenue Annual EBITDA Annual Boric Acid: US$422M US$288M 174,400 Split ~70% Lithium & 30% Boric Acid Tonnes (Years 1-26) Note: The DFS ba
Slide 9: Expected lowest cost producer
Expected lowest cost producer All-in sustaining cash cost at the bottom of the cost curve 2019 LCE Cost Curve (US$/metric tonne) Global Producers Source: Roskill for all producing lithium brine and mineral operations shown on this cost curve, except for ioneer estimate sourced from the Rhyolite Ridg
Slide 10: Commitment to sustainability
Commitment to sustainability 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 implements best-in-class water utilization Low water usage while recycling the majority of water
Slide 11: Significant upside from large resource base
Significant upside from large resource base Opportunity to expand Resource with further drilling: • Resource open to south, north and east • Best grades and shallow intersections are to the south Large Mineral Resource Large Ore Reserve 146.5M Tonnes 60.0M Tonnes Total Ore Mined Long Life of Mine 63
Slide 12: Ideally positioned to serve the US supply chain
Ideally positioned to serve the US supply chain Demand • Eight US megafactories in the pipeline to 2024, three are already operational • Benchmark Minerals estimates that these megafactories will be producing 125GWh of LG CHEM IM3 Michigan New York cells by 2024 requiring ~107ktpa of lithium 20GWh 1
Slide 13: Surrounded by world-class partners
Surrounded by world-class partners BOTTOM OF THE EPCM LITHIUM COST CURVE Evaporation and Evaporation and Crystallization Crystallization Acid Plant FOR END PRODUCTS Ioneer Limited has invested >A$125m to date appraising PRODUCED AT SITE and developing the Project Material Handling Haulage System Sib
Slide 14: The right team
The right team Board of Directors Management Team BOTTOM OF THE LITHIUM COST CURVE JAMES D. CALAWAY ALAN DAVIES Executive Chairman Non-executive Director JAMES D. FOR END PRODUCTSBERNARD ROWE FORMER: FORMER: CALAWAY PRODUCED AT SITE Managing Director Non-exec chairman of Chief Executive, Energy & Ex
Slide 15: Clear path to completion
Clear path to completion Key Milestones Completed 2H21 1H22 2H22 2H24 BOTTOM OF THE LITHIUM COST CURVE FOR END PRODUCTS PRODUCED AT SITE ✓ DFS • Register of Notice • Construction ready • Anticipated • Mechanical of Intent (NOI) Record of completion ✓ Pilot Plant • Release equipment fabrication Decis
Slide 16: Contact information
Contact information Bernard Rowe Alex Cowie Matt Dempsey ioneer Ltd NWR Communications FTI Consulting Managing Director Investor & Media Relations Investor & Media Relations (Australia) (USA) T: +61 419 447 280 T: +61 412 952 610 T: +1 202 316 9609 E: browe@ioneer.com E: alexc@nmwcommunications.com.
Slide 17: Thank you
Thank you www.ioneer.com