Ioneer (INR) Q4 2026 TU earnings summary

Executive summary

• Signed non-binding MOUs with KIND and Hyundai Engineering to advance Rhyolite Ridge development.

• Received a conditional award from the US Army for a long-term land lease to establish a critical mineral processing facility.

• Completed a pre-feasibility study confirming the ability to produce battery-grade lithium carbonate.

• Maintained strong financial position through strategic partnering and early construction works.

• Ongoing engagement with US government and strategic partners.

Significant events and developments

• US Army conditional award for land lease at Tooele Army Depot for advanced boron products facility.

• Pre-feasibility study for a defence-grade boron carbide plant is 95% complete, report expected Q3 2026.

• EcoPro completed its Lithium Clay R&D project with a commercially feasible process flow sheet.

• Filed Form F-3 shelf prospectus with SEC to enable future US debt or equity issuance.

Outlook and guidance

• Strategic partnering process expected to conclude in Q3 2026.

• Final Investment Decision timing to be determined, construction estimated to take 36 months.

• Upcoming work includes finalizing agreements with Hyundai Engineering and completing boron carbide plant PFS.