Ioneer (INR) AGM 2026 summary

Opening remarks and agenda

• Meeting opened virtually with confirmation of quorum, instructions for participation and voting, and a presentation by the Managing Director on 21 May 2026 focusing on project progress, market positioning, and future plans.

• Agenda included presentations, formal business, and time for shareholder questions.

Financial performance review

• Project NPV is $2.3 billion with a 23.2% levered IRR, based on a $1 billion DOE loan and a 265 million ton ore reserve.

• All-in sustaining cash cost for lithium carbonate is $4,628/ton, in the bottom quartile globally due to boron byproduct credits.

• U.S. Department of Energy loan of $996 million secured at low interest and long tenor.

• Feasibility study and updated economics, including cash flow projections, have been publicly disclosed.

Board and executive committee updates

• Board introduced, including Managing Director and Non-Executive Directors.

• Directors recommended in favor of all director re-elections and performance rights resolutions.