Ioneer Ltd (Nasdaq: IONR) holds US$58.84M cash and advances lithium-boron project
Rhea-AI Filing Summary
Ioneer Ltd reported June 2026 quarter activities and cash of US$58.84 million as it advances its 100%-owned Rhyolite Ridge Lithium-Boron Project in Nevada. The company entered non-binding MOUs with Korea’s KIND and Hyundai Engineering, under which KIND may consider an equity investment and Hyundai may provide procurement-related services; Goldman Sachs is assisting a strategic partnering process targeted to conclude in Q3 2026.
Permitting advanced with a U.S. District Court decision on 27 March 2026 upholding federal approvals; environmental groups have appealed to the Ninth Circuit, and the company states this appeal is not expected to delay construction. Ioneer maintained compliance with Nevada environmental permits and reported no lost-time injuries. Conservation work for Tiehm’s buckwheat progressed, with successful transplanting and strong early plant survival.
Ioneer completed a pre-feasibility study confirming feasibility of producing battery-grade lithium carbonate and is 95% through a boron carbide plant pre-feasibility study. A conditional long-term land-lease award was received from the U.S. Army for a boron products facility at Tooele Army Depot. Quarterly operating cash outflow was US$1.45 million and capitalised exploration and evaluation spend was US$2.49 million, giving an estimated funding runway of 14.9 quarters. The company had 3.07 billion ordinary shares and 77.3 million performance rights on issue at period-end.
Positive
- None.
Negative
- None.
Filing Explained
The not-yet-effective shelf provides up to US$300 million of future financing capacity, but no offering, sale, or proceeds are disclosed.
The
Separately, the company says its
Because the shelf is recorded as not effective, it currently represents future financing capacity rather than an effective registration or a completed securities sale; the filing states that the company has no current plans to issue securities in the United States.
For the permitting appeal, response briefs are expected in
Key Figures
Cash and cash equivalents: US$58.84 million
Net operating cash outflow: US$1.45 million
Capitalised exploration & evaluation: US$2.49 million
+5 more
8 metrics
Cash and cash equivalents
US$58.84 million
Balance as of 30 June 2026, 94.2% held in USD
Net operating cash outflow
US$1.45 million
Net cash used in operating activities for the June 2026 quarter
Capitalised exploration & evaluation
US$2.49 million
Exploration and evaluation expenditure during the June 2026 quarter
Equity proceeds year-to-date
US$50.40 million
Proceeds from issues of equity securities in the first six months of 2026
Estimated funding runway
14.9 quarters
Total available funding divided by quarterly relevant outgoings as at 30 June 2026
Lithium carbonate spot price
US$19,500/tonne
Median CIF CJK Asia battery-grade price as of 30 June 2026
Ordinary shares on issue
3.07 billion
Total ordinary shares outstanding at 30 June 2026
Performance rights on issue
77.3 million
Total performance rights outstanding at 30 June 2026
Key Terms
Record of Decision, National Environmental Policy Act, pre-feasibility study, Form F-3 shelf prospectus, +2 more
6 terms
Record of Decision regulatory
"The Bureau of Land Management issued a favourable Record of Decision on 24 October 2024"
A record of decision is an official written statement from a government regulator that explains and finalizes its approval or denial of a proposed project after reviewing environmental and legal factors. For investors, it matters because it removes a major regulatory uncertainty — like a referee’s final whistle — allowing a project to move forward, be funded, or be halted, which can change timelines, costs, and potential liabilities.
National Environmental Policy Act regulatory
"completing the National Environmental Policy Act process"
A U.S. law that requires federal agencies to evaluate and disclose the likely environmental effects of major projects and decisions before they proceed. For investors, that review can delay approvals, add compliance costs, or change project plans—like a required safety inspection that can uncover problems or require fixes before construction continues—so NEPA processes are a key source of timing, cost and legal risk for projects involving federal permits or funding.
pre-feasibility study technical
"Ioneer completed a pre-feasibility study for a battery-grade lithium carbonate circuit"
A pre-feasibility study is an initial assessment that evaluates whether a proposed project or investment idea is worth exploring further. It involves examining basic factors like costs, potential benefits, and possible challenges, similar to conducting a preliminary check before deciding to invest more time and resources. This helps investors determine if pursuing the project further is practical and likely to be successful.
Form F-3 shelf prospectus regulatory
"The Company filed a Form F-3 shelf prospectus with Securities and Exchange Commission"
A Form F-3 shelf prospectus is a pre-approved disclosure document filed with the U.S. securities regulator that lets an eligible foreign company sell shares or other securities in one or more offerings over time without repeating full paperwork each time. For investors, it matters because it signals the company has met disclosure and size tests to tap public markets quickly—similar to having a standing line of credit to raise money—which can lead to faster capital raises and potential share dilution.
Tiehm’s buckwheat Protection Plan technical
"advancing the goals of the Tiehm’s Buckwheat Protection Plan"
Energy Dominance Finance Program regulatory
"closed a US$996 million loan with the U.S. Department of Energy’s Energy Dominance Finance Program"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What strategic partnerships did Ioneer (IONR) pursue in the June 2026 quarter?
Ioneer signed non-binding MOUs with KIND and Hyundai Engineering to advance Rhyolite Ridge. KIND is considering an equity investment and Hyundai is considering procurement-related roles, while Goldman Sachs assists a strategic partnering process targeted to conclude in Q3 2026.
What is the status of permitting and litigation for Ioneer (IONR)’s Rhyolite Ridge project?
A U.S. District Court decision on 27 March 2026 upheld federal approvals for Rhyolite Ridge under key environmental laws. Environmental groups have appealed to the Ninth Circuit; Ioneer is participating in the appeal and states it does not expect this to delay construction commencement.
What was Ioneer (IONR)’s cash position and runway at 30 June 2026?
Cash and cash equivalents were US$58.84 million, with 94.2% held in USD. Based on quarterly operating and capitalised exploration outflows of US$3.94 million, Ioneer calculated an estimated funding runway of 14.9 quarters as of the end of June 2026.
How much did Ioneer (IONR) spend on exploration and evaluation in the June 2026 quarter?
Capitalised exploration and evaluation expenditure totalled US$2.49 million, including US$1.27 million on engineering and US$0.58 million on environmental work. The company reported no production or development activities during the period under ASX Listing Rule 5.3.2.
What were Ioneer (IONR)’s key cash flow figures for the June 2026 quarter?
Net cash used in operating activities was US$1.45 million, while investing cash outflows, mainly capitalised exploration and evaluation, were US$2.49 million. Financing cash flows were a modest outflow of US$76,000, and foreign exchange movements increased cash by US$0.99 million.
What corporate and financing steps did Ioneer (IONR) take, including shelf registration and AGM outcomes?
Ioneer filed a Form F-3 shelf prospectus in the U.S., providing flexibility to issue debt or equity securities in future, while stating it has no current issuance plans. An Annual General Meeting for the six months to 31 December 2025 was held on 21 May 2026, with all resolutions carried.
What progress did Ioneer (IONR) make on boron-focused growth initiatives?
Ioneer is 95% through a pre-feasibility study on a defence-grade boron carbide plant using Rhyolite Ridge boron and expects the report in Q3 2026. It also received a conditional long-term land-lease award from the U.S. Army for a boron products facility at the Tooele Army Depot.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July 2026
Commission File Number: 001-41412
ioneer Ltd
(Translation of registrant’s name into English)
Suite 16.01, 213 Miller Street
North Sydney, NSW, 2060, Australia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXHIBIT INDEX
The following exhibits are filed as part of this Form 6-K:
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Exhibit
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Description
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99.1
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Quarterly Report for the Three Months ended June 30, 2026
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ioneer
Ltd
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(registrant)
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Date:
July 30, 2026
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By:
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/s/
April Hashimoto
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Name:
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April
Hashimoto
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Title:
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Chief
Financial Officer
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Exhibit 99.1
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QUARTERLY ACTIVITIES REPORT For the period
ending 30 June 2026 Highlights Highlights● Signed non-binding Memorandums of
Understanding to advance the development of Rhyolite Ridge. ● Received a conditional award from the
United States Army for a long-term land lease on the Tooele Army Depot for the
purpose of establishing a critical mineral processing facility. ● Ongoing
engagement with U.S. Government and potential strategic partners. ● Completed
pre-feasibility study to produce battery-grade lithium carbonate. ● Company in a strong financial position through completion of the
Strategic Partnering Process, a Final Investment Decision and Early
Construction Works. |
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30 July 2026 – Ioneer Ltd (“Ioneer” or the “Company”) (ASX: INR, Nasdaq: IONR), an emerging U.S. lithium-boron supplier, is pleased to report on its activities for the quarter ending 30 June 2026 (the “June 2026 Quarter”) and provide an update on the development of its 100%-owned Rhyolite Ridge Lithium-Boron Project (“Rhyolite Ridge” or the “Project”).
Bernard Rowe, Ioneer’s Managing Director, said, “The second quarter was one of continued momentum for Ioneer. We are pleased to be working with KIND and Hyundai Engineering to advance Rhyolite Ridge to construction, create American jobs and bring two critical minerals, lithium and boron, to market.”
Government and Strategic Partner Engagement
On 8 July 2026, Ioneer signed non-binding Memorandums of Understanding (each an “MOU”) with the Korea Overseas Infrastructure & Urban Development Corporation ("KIND"), the Republic of Korea’s specialized public institution mandated by the Ministry of Land, Infrastructure and Transport ("MOLIT"), and Hyundai Engineering Co. Ltd. ("Hyundai Engineering"), a leading Korean and international engineering, procurement and construction company, to advance the development of Rhyolite Ridge.
Under the MOUs, KIND is considering making an equity investment in the Project, and Hyundai Engineering is considering the provision of certain procurement-related activities in connection with the Project. The MOUs reflect Rhyolite Ridge's strategic value for both the United States and the Republic of Korea, and its role as a cornerstone of America's efforts to secure a domestic supply of urgently needed critical minerals.
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The MOUs are non-binding and do not create legally enforceable obligations on the part of KIND and Hyundai Engineering to invest in or otherwise support the development of Rhyolite Ridge. There can be no certainty that legally binding arrangements will be entered into.
Goldman Sachs & Co. LLC is assisting Ioneer with the strategic partnering process and the process is expected to conclude during the third quarter of 2026.
Rhyolite Ridge Permitting
The Bureau of Land Management (“BLM”) issued a favourable Record of Decision (“ROD”) on 24 October 2024, authorizing the Plan of Operations and completing the National Environmental Policy Act (“NEPA”) process.
On 27 March 2026, the U.S. District Court for the District of Nevada (“U.S. District Court”) upheld the BLM decision to approve the Plan of Operations following a lawsuit brought by the Center for Biological Diversity, Great Basin Resource Watch, and Western Shoshone Defence Project (collectively, the “Plaintiffs”). In its decision, the Court found that the BLM and U.S. Fish and Wildlife Service complied with the Endangered Species Act, Federal Land Policy and Management Act, and National Environmental Policy Act in their review and approval of the Project.
On 9 April 2026, the Plaintiffs filed a notice of appeal of the U.S. District Court’s decision to the United States Court of Appeals for the Ninth Circuit.
The Company is actively participating in the appeal of the U.S. District Court’s decision upholding BLM’s approval of the Project. The Plaintiffs have filed their initial brief. The Company remains confident in its legal position and expects to file its response briefs in September 2026. The timing of the process is outside of the Company’s control; however, a decision is anticipated in mid-2027. The appeal is not expected to delay commencement of construction.
Sales & Marketing
Lithium Market and Price
Lithium markets remain materially stronger to date in 2026 than 2025. There has been a shift in demand from lithium hydroxide to lithium carbonate, driven by cost and performance considerations and reflecting changes in battery chemistry and regional needs. Refined lithium supply is expected to reach 2,681 kt LCE in 2026, up 28% over 2025, but resource supply is projected to grow by only 13%, according to Wood Mackenzie.
Lithium prices rose in Q2 2026, with battery-grade lithium carbonate and lithium hydroxide prices up 14% quarter-over-quarter. Lithium prices are expected to strengthen materially in the early 2030s as the market moves into deficit, which coincides with when Rhyolite Ridge is currently expected to commence production.
Based on Fastmarkets spot prices, the median CIF CJK Asia prices for battery-grade lithium carbonate and lithium hydroxide were slightly lower as of 30 June 2026, at US$19,500/tonne and US$19,250/tonne, respectively, compared with 31 March 2026 prices of US$21,000/tonne and US$20,250/tonne.
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Boric Acid Market and Price
Ioneer forecasts growth in global demand for boric acid driven by its applications in consumer electronics (Thin Film Transistor display glass substrates), the military (ferroboron and boron carbide) and the construction industry (insulation and ceramics), reaching 1,207 KT/pa in 2026. Current utilization of global capacity is estimated to be 80% and historical data suggests a sustainable utilization rate of 85%. Ioneer forecasts utilization to rise to 88% by 2032, 92% by 2034, 94% by 2036 and to exceed 100% by 2037.
Trade statistics show Asian boric acid prices rose 4-6% in Q1 2026 and continued to slightly increase in Q2 2026 due to higher costs, while US prices remained stable. Prices are likely to rise as demand and capacity tighten.
Environmental, Health, Safety & Sustainability (EHSS) Program
Environmental Regulatory Compliance
Ioneer continues to maintain compliance with the issued State of Nevada Water Pollution Control Permit, Class 2 Air Permit and newly acquired State Reclamation permit. No compliance issues were noted during the June 2026 Quarter and Ioneer continues to report ongoing monitoring and compliance related activities as required under these obligations.
Health & Safety
During the quarter, Ioneer reported no lost time incidents, first aid incidents, or fatalities for Ioneer employees.
Tiehm’s buckwheat
Tiehm’s buckwheat conservation efforts continued at the Company’s dedicated greenhouse in Nevada and the federally approved introduction sites.
Ioneer has successfully completed the first phase of its multi-year Tiehm's buckwheat introduction program. In April 2026, 35 plants were transplanted from the greenhouse to an approved introduction site after receiving all necessary approvals from the BLM and U.S. Fish and Wildlife Service. The plants have demonstrated strong survival and early growth. The Company’s monitoring program is ongoing. Rodent enclosures have been proven effective at protecting the transplanted plants. A second planting of an additional 35 plants and seed previously collected from the greenhouse is scheduled for September 2026.
The Company continues to demonstrate the ability to grow and reproduce Tiehm’s buckwheat while advancing the goals of the Tiehm’s Buckwheat Protection Plan. The continued conservation efforts have created robust populations, while enhancing the redundancy, representation, and resilience of the species.
As outlined in the Tiehm’s buckwheat protection plan, the Company completed its annual demographic and population surveys with initial results indicating robust populations compared to the previous few years of drought conditions. In line with action permitted by the BLM and U.S. Fish and Wildlife Service, Ioneer successfully conducted a seed collection from the wild population.
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3
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Community & Tribal Nations
Ioneer continues to engage with local communities and Tribal Nations to address any environmental and social concerns and enhance local economic opportunities. Throughout the quarter, Ioneer continued its practice of briefing nearby county commissions and tribal councils to solicit feedback and provide project updates. Ioneer also was pleased to once again financially support seasonal community activities, such as Tribal Nations festivals, the Nevada Mining Championships and the Fish Lake Valley 4th of July Festival.
Engineering
Ioneer completed a pre-feasibility study for a battery-grade lithium carbonate (Li2CO3) circuit, which confirmed the feasibility to produce battery grade Li2CO3. This work complements the currently planned production of technical grade Li2CO3 and lithium hydroxide as described in the Updated Ore Reserve and Project Economics announced on 13 June 2025, which was followed by further material improvements in project economics announced in September 2025 and October 20251.
In the second half of 2025, Ioneer undertook a coordinated effort to consolidate storage of all Project drill core, coarse reject, and pulp storage at a centralized facility in Reno. This consolidation improved inventory management by establishing a detailed database of available materials, ensuring efficient access for ongoing studies and analysis. As part of this process, Ioneer completed a targeted sampling campaign to address data gaps associated with previously unsampled L6 and S5 stratigraphic units, increasing confidence in the Stream 2 ore for the resource and reserve estimates. In addition, Ioneer identified two stratigraphic zones (S3 and M4) as potential resource horizons that had previously limited analysis. These strata, currently classified as overburden, are set to be mined in order to access the underlying ore. The two zones were sampled and submitted for assay to further evaluate their economic potential.
In total, approximately 8,500 feet of core was split and submitted for analytical testing. The assay results will support additional metallurgical test work to better understand the characteristics, recovery potential, and overall value contribution of these materials to the Project. The results will also be incorporated into future resource modeling efforts and considered as part of the next Mineral Resource and Reserve update to further refine the understanding of the resource extent and geological continuity.
Boron Carbide
Ioneer has engaged Fluor Corporation to prepare a pre-feasibility study to evaluate the feasibility of building a plant to produce defence-grade boron carbide from boron produced at Rhyolite Ridge. The pre-feasibility study is 95% completed and the report is expected to be issued in Q3 2026.
Organic Growth Projects
On 26 June 2026, Ioneer announced the receipt of a conditional award from the United States Army for a long-term land lease on the Tooele Army Depot for the purpose of establishing a facility to produced advanced boron products.
1 See Company
announcements titled “Clarification to Ore Reserves and Mineral Resource
Estimate” dated 13 June 2025, “Leach Optimization and New Mine Plan Yields
Material Improvement in Project Economics” dated 3 September 2025 and “Further
Leach Optimization Enhances Project Economics” dated 29 October 2025.
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In November 2025, the U.S. Government added boron to its list of critical minerals. The United States, including the Department of War, has long recognized boron as essential to national security and energy dominance because boron ceramics (i.e., boron carbide and boron nitride) are essential for military applications, including advanced armour, high-strength permanent magnets, semiconductors and nuclear applications.
Ioneer will be working with the United States Army in the coming months to satisfy conditions of the award and help forge a secure, domestic supply chain for critical minerals that underpin national defence and security.
EcoPro Lithium Clay Project
EcoPro completed its Lithium Clay Research & Development project and a final project report has been prepared, which includes a process flow sheet developed with commercially feasible operating costs.
Corporate Activities
Shelf Prospectus
The Company filed a Form F-3 shelf prospectus with Securities and Exchange Commission on 20 July 2026, which gives Ioneer the ability to issue debt or equity securities in the United States in the future. Ioneer has no current plans to issue securities in the United States and has taken this step solely as a proactive measure to maintain future strategic flexibility.
Annual General Meeting
The Annual General Meeting was held on 21 May 2026 for the six month period ending 31 December 2025, as part of the transition from a 30 June year-end to a 31 December year-end as approved by the Board of Directors on 25 September 2025. All resolutions were carried without amendment.
Update to Estimated Project Timeline
Ioneer’s estimated timing* for Rhyolite Ridge is as follows:
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Milestone
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Targeted
timing*
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Note
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Targeted completion of Strategic
Partner process
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Q3 2026
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The strategic partnering process
is ongoing.
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Targeted Final Investment
Decision
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TBA
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Dependent on outcomes of
Strategic Partnering Process and requirement to refresh Project economics.
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Construction
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Circa 36 months
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Includes supply of long-lead
items and construction. Subject to lead times and when orders are placed.
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*As of the date of this quarterly, and subject to change.
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5
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Upcoming Work Program
The work program over the coming months includes:
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Complete the strategic partnering process for the Rhyolite Ridge Project
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Make a Final Investment Decision (FID)
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Prepare for commencement of construction
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Finalise agreement with Hyundai Engineering to provide procurement services
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Continue work with Hyundai Engineering to review potential Korean suppliers for the Project
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Complete the Pre-Feasibility Study (PFS) regarding the boron carbide plant and work with the United States Army to satisfy conditions related to the award received to lease land at the Tooele Army depot
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Test work confirming economic assessment of selected stratigraphic units currently classified as overburden waste in the mine plan potentially moving into the resource followed by a potential resource update.
ASX Additional Information
The Company provides the following information pursuant to ASX Listing Rule requirements.
1.
ASX LR 5.3.1: Exploration and Evaluation Expenditure during the quarter was US$2.49 million. Details of the exploration activity are set out in this report. A breakdown of the expenditure is shown below:
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Expenditure
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US$’000
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Exploration
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0
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Engineering
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1,270
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Environmental
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577
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Sales & Marketing
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127
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Other
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511
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Total
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2,485
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2.
ASX LR 5.3.2: The Company confirms there were no production or development activities during the quarter.
3.
ASX LR 5.3.5: Related party payments for the quarter totalled US$276,821 comprising salaries and fees for the Company’s executive and non-executive directors. No other payments were made to any related parties of the entity or their associates.
4.
ASX LR 5.3.3: INR confirms that it has not acquired tenements during the quarter (see Appendix 1).
Capital Structure
Total cash and cash equivalents as of 30 June 2026, was US$58.84 million of which 94.2% was held in USD with the balance held in AUD.
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At the end of the quarter, Ioneer had on issue:
●
3.07 billion ordinary shares, and
●
77.3 million performance rights.
This ASX release has been authorised by Ioneer Managing Director, Bernard Rowe.
—ENDS—
Media Contact
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Chad Yeftich
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Ioneer USA Corporation
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Investor Relations (USA)
T:
+1 775 993 8563
E: ir@ioneer.com
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About Ioneer
Ioneer Ltd. is an emerging lithium–boron producer and the 100% owner of the Rhyolite Ridge Lithium-Boron Project. Rhyolite Ridge is one of only a small number of lithium-boron ore deposits globally and a linchpin project in Nevada’s burgeoning Lithium Loop.
Rhyolite Ridge closed a US$996 million loan with the U.S. Department of Energy’s Energy Dominance Finance Program in January 2025. In October 2024, Ioneer received the final federal permit for the project from the Bureau of Land Management, concluding the formal federal permitting process which began in early 2020.
Ioneer signed separate offtake agreements with Ford Motor Company and Prime Planet Energy & Solutions (joint venture between Toyota and Panasonic) in 2022 and Korea’s EcoPro Innovation in 2021.
To learn more about Ioneer, visit www.Ioneer.com/investors or join our online communities on X, Facebook, LinkedIn, Instagram and YouTube.
Competent Persons Statement
In respect of Mineral Resources and Ore Reserves referred to in this report and previously reported by the Company in accordance with JORC Code 2012, the Company confirms that it is not aware of any new information or data that materially affects the information included in the public report titled “Further Leach Optimisation Enhances Project Economics” dated 29 October 2025, released on ASX. Further information regarding the Mineral Resource estimate and Ore Reserve can be found in that report. All material assumptions and technical parameters underpinning the estimates in the report continue to apply and have not materially changed.
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In respect of production targets referred to in this report, the Company confirms that it is not aware of any new information or data that materially affects the information included in the public report titled “Further Leach Optimisation Enhances Project Economics” dated 29 October 2025. Further information regarding the production estimates can be found in that report. All material assumptions and technical parameters underpinning the estimates in the report continue to apply and have not materially changed.
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Recent Announcements
The table below lists announcements made by the Company during the quarter.
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Date Released
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Title
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07/04/2026
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Change in substantial holding
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20/04/2026
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Notice of Annual General Meeting/Proxy Form
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30/04/2026
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March 2026 – Quarterly Activities Report
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30/04/2026
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March 2026 – Quarterly Cash Flow Report
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30/04/2026
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March 2026 – Quarterly Activities Report – Correction
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30/04/2026
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March 2026 – Quarterly Activities Report – Correction
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01/05/2026
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Change in substantial holding
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21/05/2026
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2026 AGM – Executive Chairs Address
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21/05/2026
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2026 AGM – Managing Director Presentation
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21/05/2026
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2026 AGM – Results of AGM
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09/06/2026
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Notification regarding unquoted securities – INR
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12/06/2026
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Change in Director’s Interest Notice – James Calaway
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12/06/2026
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Change in Director’s Interest Notice – Alan Davies
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12/06/2026
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Change in Director’s Interest Notice – Margaret Walker
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12/06/2026
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Change in Director’s Interest Notice – Rose McKinney James
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12/06/2026
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Change in Director’s Interest Notice – Tim Woodall
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23/06/2026
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Strategic Letters of Intent with KIND and Hyundai
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26/06/2026
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Conditional Award from the US Army Received
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9
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Appendix 1 - Schedule of Tenements
ASX listing rule 5.3.3
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Country
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Project
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Tenement ID
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Tenement Name
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Area
(km2) |
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Interest at beginning
of quarter |
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Interest at end of
quarter |
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Note
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USA
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Rhyolite Ridge
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NMC1117360
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SLB claims (199)
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15.9
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100%
|
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100%
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No change
|
|
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USA
|
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Rhyolite Ridge
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NV105809159
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SLB claims (18)
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1.4
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100%
|
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100%
|
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No change
|
|
|
USA
|
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Rhyolite Ridge
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NMC1171536
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SLM claims (122)
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9.6
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100%
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100%
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No change
|
|
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USA
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Rhyolite Ridge
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NMC 1179516
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RR claims (65)
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4.8
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100%
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100%
|
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No change
|
|
|
USA
|
|
Rhyolite Ridge
|
|
NV105810398
|
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RR claims (14)
|
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1.1
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100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Rhyolite Ridge
|
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NV105272779
|
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RMS mill sites (23)
|
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0.5
|
|
100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Rhyolite Ridge
|
|
NV106354216
|
|
RMS mill sites (325)
|
|
6.5
|
|
100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Rhyolite Ridge
|
|
NMC1147932
|
|
SLP claims (120)
|
|
9.6
|
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100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Rhyolite Ridge
|
|
NV105272053
|
|
PR claims (11)
|
|
0.9
|
|
100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Beacon Hill
|
|
NMC1118666
|
|
NLB claims (160)
|
|
12.8
|
|
100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Beacon Hill
|
|
NV106310781
|
|
NLB claims (41)
|
|
3.3
|
|
100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Beacon Hill
|
|
NMC 1129523
|
|
BH claims (81)
|
|
6
|
|
100%
|
|
100%
|
|
No change
|
|
|
USA
|
|
Radiator Springs
|
|
NV106735396
|
|
COB claims (231)
|
|
18.5
|
|
100%
|
|
100%
|
|
No change
|
|
10
|
|
Appendix 5B
Mining exploration entity or oil and gas exploration entity
quarterly cash flow report
|
Name of entity
|
|
|
ioneer Ltd
|
|
|
ABN
|
Quarter ended (“current quarter”)
|
|
76 098 564 606
|
June 2026
|
| Consolidated statement of cash flows | Current quarter $US’000 |
Year to date
(6
months)
$US’000 |
||
|
1.
|
Cash flows from operating activities
|
-
|
-
|
|
|
1.1
|
Receipts from customers
|
|||
|
1.2
|
Payments for
|
-
|
-
|
|
|
(a)
|
exploration & evaluation (if expensed)
|
|||
|
(b)
|
development
|
-
|
-
|
|
|
(c)
|
production
|
-
|
-
|
|
|
(d)
|
staff costs
|
(683)
|
(1,353)
|
|
|
(e)
|
administration and corporate costs
|
(1,154)
|
(2,364)
|
|
|
1.3
|
Dividends received (see note 3)
|
-
|
-
|
|
|
1.4
|
Interest received
|
384
|
497
|
|
|
1.5
|
Interest and other costs of finance paid
|
-
|
-
|
|
|
1.6
|
Income taxes paid
|
|||
|
1.7
|
Government grants and tax incentives
|
-
|
-
|
|
|
1.8
|
Other (provide details if material)
|
-
|
-
|
|
|
1.9
|
Net cash from / (used in) operating activities
|
(1,453)
|
(3,220)
|
|
|
2.
|
Cash flows from investing activities
|
-
|
-
|
|
|
2.1
|
Payments to acquire:
|
|||
|
(a)
|
entities
|
|||
|
(b)
|
tenements
|
-
|
-
|
|
|
(c)
|
property, plant and equipment
|
-
|
-
|
|
|
(d)
|
exploration & evaluation (if capitalised)
|
(2,485)
|
(4,542)
|
|
|
(e)
|
investments
|
-
|
-
|
|
|
(f)
|
other non-current assets
|
-
|
-
|
|
| ASX Listing Rules Appendix 5B (01/12/19) | Page 1 |
| + See chapter 19 of the ASX Listing Rules for defined terms. |
|
Appendix 5B
|
|
Mining exploration entity or oil and gas
exploration entity quarterly cash flow report
|
| Consolidated statement of cash flows |
Current quarter $US’000
|
Year to date (6 months) $US’000
|
||
|
2.2
|
Proceeds from the disposal of:
|
-
|
-
|
|
|
(a)
|
entities
|
|||
|
(b)
|
tenements
|
-
|
-
|
|
|
(c)
|
property, plant and equipment
|
-
|
-
|
|
|
(d)
|
investments
|
-
|
-
|
|
|
(e)
|
other non-current assets
|
-
|
-
|
|
|
2.3
|
Cash flows from loans to other entities
|
-
|
-
|
|
|
2.4
|
Dividends received (see note 3)
|
-
|
-
|
|
|
2.5
|
Other (provide details if material)
|
-
|
-
|
|
|
2.6
|
Net cash from / (used in) investing activities
|
(2,485)
|
(4,542)
|
|
|
3.
|
Cash flows from financing activities
|
-
|
50,400
|
|
|
3.1
|
Proceeds from issues of equity securities (excluding convertible debt securities)
|
|||
|
3.2
|
Proceeds from issue of convertible debt securities
|
-
|
-
|
|
|
3.3
|
Proceeds from exercise of options
|
-
|
-
|
|
|
3.4
|
Transaction costs related to issues of equity securities or convertible debt securities
|
-
|
(2,290)
|
|
|
3.5
|
Proceeds from borrowings
|
-
|
-
|
|
|
3.6
|
Repayment of borrowings
|
-
|
-
|
|
|
3.7
|
Transaction costs related to loans and borrowings
|
-
|
-
|
|
|
3.8
|
Dividends paid
|
-
|
-
|
|
|
3.9
|
Other (provide details if material)
|
(76)
|
(145)
|
|
|
3.10
|
Net cash from / (used in) financing activities
|
(76)
|
47,965
|
|
|
4.
|
Net increase / (decrease) in cash and cash equivalents for the period
|
|||
|
4.1
|
Cash and cash equivalents at beginning of period
|
61,863
|
17,863
|
|
|
4.2
|
Net cash from / (used in) operating activities (item 1.9 above)
|
(1,453)
|
(3,220)
|
|
|
4.3
|
Net cash from / (used in) investing activities (item 2.6 above)
|
(2,485)
|
(4,542)
|
|
|
4.4
|
Net cash from / (used in) financing activities (item 3.10 above)
|
(76)
|
47,965
|
|
| ASX Listing Rules Appendix 5B (01/12/19) | Page 2 |
| + See chapter 19 of the ASX Listing Rules for defined terms. |
|
Appendix 5B
|
|
Mining exploration entity or oil and gas
exploration entity quarterly cash flow report
|
| Consolidated statement of cash flows | Current quarter $US’000 |
Year to date (6 months) $US’000 |
|
|
4.5
|
Effect of movement in exchange rates on cash held
|
991
|
774
|
|
4.6
|
Cash and cash equivalents at end of period
|
58,840
|
58,840
|
| 5. |
Reconciliation of cash and cash equivalents
at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts |
Current quarter $US’000
|
Previous quarter $US’000 |
|
5.1
|
Bank balances
|
11,074
|
1,749
|
|
5.2
|
Call deposits
|
47,766
|
60,114
|
|
5.3
|
Bank overdrafts
|
-
|
-
|
|
5.4
|
Other (provide details)
|
||
|
5.5
|
Cash and cash equivalents at end of quarter (should equal item 4.6 above)
|
58,840
|
61,863
|
| 6. | Payments to related parties of the entity and their associates |
Current quarter $US'000
|
|
6.1
|
Aggregate amount of payments to related parties and their associates included in item 1
|
277
|
|
6.2
|
Aggregate amount of payments to related parties and their associates included in item 2
|
|
|
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments
|
||
|
Directors’ fees – 97.5
|
||
|
Executive salary component of chairman’s fee – 62.5
|
||
|
Wages – 116.8
|
||
| ASX Listing Rules Appendix 5B (01/12/19) | Page 3 |
| + See chapter 19 of the ASX Listing Rules for defined terms. |
|
Appendix 5B
|
|
Mining exploration entity or oil and gas
exploration entity quarterly cash flow report
|
|
7.
|
Financing facilities
Note: the term “facility’ includes all forms of financing arrangements available to the entity.
Add notes as necessary for an understanding of the sources of finance available to the entity.
|
Total facility
amount at quarter end
$US’000
|
Amount drawn at
quarter end
$US’000
|
|
7.1
|
Loan facilities
|
-
|
-
|
|
7.2
|
Credit standby arrangements
|
-
|
-
|
|
7.3
|
Other (please specify)
|
-
|
-
|
|
7.4
|
Total financing facilities
|
-
|
-
|
|
7.5
|
Unused financing facilities available at quarter end
|
-
|
|
|
7.6
|
Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.
|
||
|
8.
|
Estimated cash available for future operating activities
|
$US’000
|
|
8.1
|
Net cash from / (used in) operating activities (Item 1.9)
|
(1,453)
|
|
8.2
|
Capitalised exploration & evaluation (Item 2.1(d))
|
(2,485)
|
|
8.3
|
Total relevant outgoings (Item 8.1 + Item 8.2)
|
(3,938)
|
|
8.4
|
Cash and cash equivalents at quarter end (Item 4.6)
|
58,840
|
|
8.5
|
Unused finance facilities available at quarter end (Item 7.5)
|
-
|
|
8.6
|
Total available funding (Item 8.4 + Item 8.5)
|
58,840
|
|
8.7
|
Estimated quarters of funding available (Item 8.6 divided by Item 8.3)
|
14.9
|
|
8.8
|
If Item 8.7 is less than 2 quarters, please provide answers to the following questions:
|
|
|
|
1.
|
Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?
|
|
|
|
Answer: N/A
|
|
|
|
|
2.
|
Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
|
|
|
|
Answer: N/A
|
|
|
|
|
3.
|
Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
|
|
|
|
Answer: N/A
|
|
|
|
ASX Listing Rules
Appendix 5B (01/12/19)
|
Page 4
|
|
+ See chapter 19 of
the ASX Listing Rules for defined terms.
|
|
|
Appendix 5B
|
|
Mining exploration entity or oil and gas
exploration entity quarterly cash flow report
|
Compliance statement
1
This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2
This statement gives a true and fair view of the matters disclosed.
|
Date:
|
30 July 2026 |
|
|
Bernard Rowe – Managing Director
|
|
|
Authorised by:
|
|
|
|
|
(Name of body or officer authorising release – see note 4)
|
|
Notes
1.
This quarterly cash flow report and the accompanying activity report provide a basis for informing the market about the entity’s activities for the past quarter, how they have been financed and the effect this has had on its cash position. An entity that wishes to disclose additional information over and above the minimum required under the Listing Rules is encouraged to do so.
2.
If this quarterly cash flow report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly cash flow report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3.
Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
4.
If this report has been authorised for release to the market by your board of directors, you can insert here: “By the board”. If it has been authorised for release to the market by a committee of your board of directors, you can insert here: “By the [name of board committee – e.g. Audit and Risk Committee]”. If it has been authorised for release to the market by a disclosure committee, you can insert here: “By the Disclosure Committee”.
5.
If this report has been authorised for release to the market by your board of directors and you wish to hold yourself out as complying with recommendation 4.2 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, the board should have received a declaration from its CEO and CFO that, in their opinion, the financial records of the entity have been properly maintained, that this report complies with the appropriate accounting standards and gives a true and fair view of the cash flows of the entity, and that their opinion has been formed on the basis of a sound system of risk management and internal control which is operating effectively.
|
ASX Listing Rules
Appendix 5B (01/12/19)
|
Page 5
|
|
+ See chapter 19 of
the ASX Listing Rules for defined terms.
|
|