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ioneer Ltd

For the period ended Jun 30, 2024. Filed Oct 22, 2024.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2024 · Filed Oct 22, 2024

IONR$2.60+2.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 20-F

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended June 30, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

For the transition period from to

Commission file number 001-41412

IONEER LTD

(Exact name of Registrant as specified in its charter)

N/AAUSTRALIA
(Translation of Registrant’s name into English)(Jurisdiction of incorporation or organization)

Suite 16.01, Level 16,213 Miller Street

North Sydney, NSW 2060, Australia

(Address of principal executive offices)

Bernard Rowe

Managing Director and Chief Executive Officer

61 (2)9922-5800 (telephone)

Suite 16.01, Level 16,213 Miller Street

North Sydney, NSW 2060, AU

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class:Trading Symbol(s):Name of each exchange on which registered or to be registered:
American Depositary Shares each representing 40 Ordinary Shares, no par valueIONRThe Nasdaq Capital Market
(1)Evidenced by American Depositary Receipts

Securities registered or to be registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

Number of outstanding shares of each of the issuer’s classes of capital or common stock as of June 30, 2024:2,325,614,708 ordinary shares.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company.

Large accelerated filer ☐Accelerated filer ☐Non-accelerated filer ☒Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing.

U.S. GAAP ☐

International Financial Reporting Standards as issued by the International Accounting Standards Board☒

Other ☐

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

Item 17 ☐ Item 18 ☐

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

(APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PAST FIVE YEARS)

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes ☐ No ☐

TABLE OF CONTENTS

INTRODUCTION3
CAUTIONARY NOTE TO UNITED STATES INVESTORS6
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS7
PRESENTATION OF FINANCIAL INFORMATION8
PART I.9
ITEM 1.IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS9
ITEM 2.OFFER STATISTICS AND EXPECTED TIMETABLE9
ITEM 3.KEY INFORMATION9
A.[Reserved]9
B.Capitalization and Indebtedness9
C.Reasons for the Offer and Use of Proceeds9
D.Risk Factors9
ITEM 4.INFORMATION ON THE COMPANY26
A.History and Development of the Company26
B.Business Overview38
C.Organizational Structure41
D.Property, Plant and Equipment42
ITEM 4A.UNRESOLVED STAFF COMMENTS43
ITEM 5.OPERATING AND FINANCIAL REVIEW AND PROSPECTS43
A.Operating Results44
B.Liquidity and Capital Resources47
C.Research and Development, Patents and Licenses48
D.Trend Information48
E.Critical Accounting Estimates48
ITEM 6.DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES49
A.Directors and Senior Management49
B.Compensation51
C.Board Practices61
D.Employees62
E.Share Ownership63
ITEM 7.MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS64
A.Major Shareholders64
B.Related Party Transactions65
C.Interests of Experts and Counsel65
ITEM 8.FINANCIAL INFORMATION.65
A.Consolidated Statements and Other Financial Information.65
B.Significant Changes65
ITEM 9.THE OFFER AND LISTING65
A.Offer and Listing Details65
B.Plan of Distribution66
C.Markets66
D.Selling Shareholders66
E.Dilution66
F.Expenses of the Issue66
ITEM 10.ADDITIONAL INFORMATION66
A.Share Capital66
B.Constitutional Documents66

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C.Material Contracts78
D.Exchange Controls79
E.Taxation79
F.Dividends and Paying Agents88
G.Statement by Experts88
H.Documents on Display88
I.Subsidiary Information.88
ITEM 11.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK89
ITEM 12.DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES89
A.Debt Securities.89
B.Warrants and rights.89
C.Other Securities.89
D.American Depositary Shares89
PART II.91
ITEM 13.DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES91
ITEM 14.MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS91
ITEM 15.CONTROLS AND PROCEDURES91
ITEM 16.[RESERVED]92
ITEM 16A.AUDIT COMMITTEE FINANCIAL EXPERT92
ITEM 16B.CODE OF ETHICS92
ITEM 16C.PRINCIPAL ACCOUNTANT FEES AND SERVICES92
ITEM 16D.EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES93
ITEM 16E.PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS93
ITEM 16F.CHANGE IN REGISTRANT’S CERTIFYING ACCOUNTANT93
ITEM 16G.CORPORATE GOVERNANCE93
ITEM 16H.MINE SAFETY DISCLOSURE94
ITEM 16I.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS94
ITEM 16J.INSIDER TRADING POLICIES94
ITEM 16K.CYBERSECURITY94
PART III.95
ITEM 17.FINANCIAL STATEMENTS95
ITEM 18.FINANCIAL STATEMENTS95
ITEM 19.EXHIBITS96

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.