Investor Presentaiton
Project Funding
Funding Strategy
Sibanye-Stillwater is directly funding ~60% of the DFS
estimated capital (US$490m)
•
Capex spend to FID is funded from existing cash
loneer and Sibanye-Stillwater (JV) aiming to jointly secure full
debt financing for the Project from either:
U.S. Department of Energy ("DOE") Loan Programs
Office. Detailed due diligence has commenced
-
Project Finance - discussions progressing
Export credit agencies
-
Vendors
•
JV to agree a debt solution in 2022
Debt process supported by Goldman Sachs
US$'m
DFS Estimated
Capex
US$785m
Estimated
Project Capex
Fully funded to final Investment decision
Note: The size of the boxes and timescale are illustrative only and should not be relied upon as an indicator of the final composition of the capital stack.
ioneer Investor Presentation
Debt
US$490m
Directly funding by
Sibanye-Stillwater
for a 50% interest
in Rhyolite Ridge
Indicative
Funding Stack
ioneer
ASX: INR
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