Ioneer (INR) investor relations material

Executive summary

• The group focuses on developing the Rhyolite Ridge Lithium-Boron Project in Nevada, USA, with ongoing engagement with US government and strategic partners.

• The six-month period ended 30 June 2026 saw a net loss after tax of $4,007,000, a slight improvement from the previous period's $4,070,000 loss.

• A $50 million (A$72 million) equity raise was completed, strengthening the balance sheet and supporting project development.

• The US District Court upheld the federal permit for Rhyolite Ridge, though an appeal is pending; construction is not expected to be delayed.

Financial highlights

• Cash and cash equivalents increased to $58,840,000 from $17,863,000, a 229% rise compared to the previous period.

• Net assets rose to $276,687,000 from $230,219,000, a 20% increase.

• Operating cash outflows were $3,687,000, up 20% from the prior period.

• Investing cash outflows decreased 36% to $4,075,000.

• Financing cash inflows surged to $47,965,000, mainly due to the equity raise.

Outlook and guidance

• A decision to mine at Rhyolite Ridge is pending, with a final investment decision expected after securing permits, engineering readiness, and funding.

• The appeal of the federal permit is not expected to delay construction, with a decision anticipated in mid-2027.