Directors' report
|
3
| ||
Auditor's independence declaration
| 5 | ||
Interim condensed consolidated statement of profit or loss and other comprehensive income
|
7
| ||
Interim condensed consolidated statement of financial position
|
8
| ||
Interim condensed consolidated statement of cash flows
| 9 | ||
Interim condensed consolidated statement of changes in equity
|
10
| ||
Notes to the interim condensed consolidated financial statements
|
11
| ||
Section 1.
|
Basis of preparation and changes to the Groups accounting policies
|
11
| |
Section 2.
|
Financial performance
| 12 | |
Section 3.
|
Invested and working capital
| 14 | |
Section 4.
|
Funding and risk management
| 16 | |
Directors' declaration
| 18 | ||
Independent auditor's review report
| 19 |
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 2 |
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 3 |
Half year ended
|
Unit
|
31-Dec-22
|
31-Dec-21
Restated (1)
|
% Change
| |||||||||
Total operating cash flows
|
US$'000
|
(7,286
|
)
|
(5,604
|
)
|
(30
|
%)
| ||||||
Investing cash flows
|
US$'000
|
(16,873
|
)
|
(15,501
|
)
|
(9
|
%)
| ||||||
Financing cash flows - equity
|
US$'000
|
(122
|
)
|
69,795
|
>100
| % | |||||||
Total cash increased/(decreased) in the half year
|
US$'000
|
(24,281
|
)
|
48,690
|
150
|
%
| |||||||
Net loss after tax
|
US$'000
|
(5,811
|
)
|
(5,489
|
)
|
6
|
%
|
Balance as at
| Unit |
31-Dec-22
|
30-Jun-22
Restated (1)
|
% Change
| ||||||||||
Net cash
| US$'000 |
69,297
|
94,177
|
(26
|
%)
| |||||||||
Capitalised exploration for period
|
US$'000
|
15,157
|
32,499
|
(53
|
%)
| |||||||||
Net assets
| US$'000 |
198,315
|
203,699
|
(3
|
%)
| |||||||||
Mineral Resource:
|
Measured and Indicated
|
mt
|
127.0
|
127.0
|
0
|
%
| ||||||||
Inferred |
mt
|
19.5
|
19.5
|
0
|
%
| |||||||||
Mineral Resource:
|
Total (2)
|
mt
|
146.5
|
146.5
|
0
|
%
|
(1) |
Further detail regarding the restatement of the comparative accounts is in note 1 to the financial statements on page 11.
|
(2) |
Further detail on Mineral Resources and Ore Reserves can be found in the Group's annual consolidated financial statements as at 30 June 2022.
|
• |
Sales & Marketing
|
o |
Binding 5-year lithium offtake agreement signed with the Ford Motor Company for 7,000 tonnes per annum of lithium carbonate from the Rhyolite Ridge Project.
|
o |
Binding 5-year lithium offtake agreement signed with Prime Planet Energy & Solutions (PPES), a joint venture between Toyota Motor Corporation and Panasonic Corporation, for 4,000 tonnes per annum of lithium carbonate.
|
• |
State & Federal permitting process
|
o |
Rhyolite Ridge Project advances into final stage of permitting with Bureau of Land Management (BLM) publishing Notice of Intent.
|
o |
Major milestone toward completion of the NEPA process and approval of the Project's Plan of Operations.
|
• |
Environmental
|
o |
U.S. Fish and Wildlife Service establishes formal clarification in line with expectations, through decision to list Tiehm's buckwheat as an endangered species.
|
o |
Dedicated Tiehm's buckwheat greenhouse completed and operational.
|
• |
Engineering and Vendor packages
|
o |
Memorandum of Understanding signed with Shell Canada Energy for sulphur supply.
|
o |
Detailed engineering and procurement activities advancing.
|
• |
Funding
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 4 |
o |
U.S. Department of Energy offers conditional commitment for a loan of up to US$700 million for the Rhyolite Ridge Project (announced Jan 16, 2023).
|
• |
Corporate
|
o |
ioneer and Caterpillar complete definitive agreement regarding autonomous haul trucks at Rhyolite Ridge.
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 5 |
Ernst & Young
200 George Street
Sydney NSW 2000 Australia
GPO Box 2646 Sydney NSW 2001
|
Tel: +61 2 9248 5555
Fax: +61 2 9248 5959
ey.com/au
|
a. |
No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review;
|
b. |
No contraventions of any applicable code of professional conduct in relation to the review; and
|
c. |
No non-audit services provided that contravene any applicable code of professional conduct in relation to the review.
|
31-Dec-22
|
31-Dec-21
| |||||||||
Restated
| ||||||||||
Note |
US$'000
|
US$'000
| ||||||||
Exploration expenditure written off
|
(43
|
)
|
-
| |||||||
Employee benefits expensed
|
2.2
|
(2,175
|
)
|
(2,211
|
)
| |||||
Other expenses
|
2.3
|
(4,115
|
)
|
(3,576
|
)
| |||||
Results from operating activities
|
(6,333
|
)
|
(5,787
|
)
| ||||||
Finance income
|
2.4
|
574
|
307
| |||||||
Finance costs
|
2.4
|
(52
|
)
|
(9
|
)
| |||||
Net finance income
|
522
|
298 | ||||||||
Loss before tax
|
(5,811
|
)
|
(5,489
|
)
| ||||||
Income tax expense
|
-
|
-
| ||||||||
Loss for the year
|
(5,811
|
)
|
(5,489
|
)
| ||||||
Loss attributable to members of the company
|
(5,811
|
)
|
(5,489
|
)
| ||||||
Items that may be reclassified subsequently to profit and loss
| ||||||||||
Foreign currency translation difference on foreign operations
|
(509
|
)
|
(3,230
| ) | ||||||
Other comprehensive income (net of tax)
|
(509
|
)
|
(3,230
| ) | ||||||
Total comprehensive profit / (loss) for the year
|
(6,320
|
)
|
(8,719
|
)
| ||||||
Total comprehensive income / (loss) attributable to the owners of the company
|
(6,320
|
)
|
(8,719
|
)
|
31-Dec-22
|
31-Dec-21
| |||||||
Restated
| ||||||||
Earnings per share
|
Cents
| Cents | ||||||
Loss per ordinary share
|
(0.277
|
)
|
(0.270
|
)
| ||||
Diluted loss per ordinary share
|
(0.277
|
)
|
(0.270
|
)
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 7 |
31-Dec-22
|
30-Jun-22
| |||||||||||
Restated
| ||||||||||||
Note
|
US$'000
|
US$'000
| ||||||||||
Current assets
| ||||||||||||
Cash assets
|
3.1
|
69,297
|
94,177
| |||||||||
Receivables
|
3.2
|
607
|
142
| |||||||||
Total current assets
|
69,904
|
94,319
| ||||||||||
Non-current assets
| ||||||||||||
Receivables
|
3.2
|
194
|
195
| |||||||||
Plant and equipment
|
42
|
-
| ||||||||||
Right of use asset
|
286
|
245
| ||||||||||
Exploration and evaluation expenditure
|
3.3
|
133,644
|
118,487
| |||||||||
Total non-current assets
|
134,166
|
118,927
| ||||||||||
Total assets
|
204,070
|
213,246
| ||||||||||
Current liabilities
| ||||||||||||
Payables
|
3.4
|
5,132
|
8,795
| |||||||||
Lease liabilities - current
|
3.4
|
164
|
168
| |||||||||
Provisions
|
3.5
|
323
|
497
| |||||||||
Total current liabilities
|
5,619
|
9,460
| ||||||||||
Non-current liabilities
| ||||||||||||
Lease liabilities - non-current
|
3.4
|
136
|
87
| |||||||||
Total non-current liabilities
|
136
|
87
| ||||||||||
Total liabilities
|
5,755
|
9,547
| ||||||||||
Net assets
|
198,315
|
203,699
| ||||||||||
Equity
| ||||||||||||
Contributed equity
|
4.1
|
255,324
|
254,273
| |||||||||
Reserves
|
(5,062
| ) |
(4,438
| ) | ||||||||
Accumulated losses
|
(51,947
|
)
|
(46,136
|
)
| ||||||||
Total equity
|
198,315
|
203,699
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 8 |
31-Dec-22
|
31-Dec-21
| ||||||||
Restated
| |||||||||
Note |
US$'000
|
US$'000
| |||||||
Cash flows from operating activities
| |||||||||
Payment to suppliers and employees
|
(7,283
|
)
|
(5,604
|
)
| |||||
Interest and other finance costs paid
|
(3
|
)
|
-
| ||||||
Net cash flows used in operating activities
|
(7,286
|
)
|
(5,604
|
)
| |||||
Cash flows from investing activities
| |||||||||
Expenditure on mining exploration and evaluation
|
(17,346
|
)
|
(15,509
|
)
| |||||
Purchase of equipment
|
(45
|
)
|
-
| ||||||
Interest received
|
518
|
8
| |||||||
Net cash flows used in investing activities
|
(16,873
|
)
|
(15,501
|
)
| |||||
Cash flows from financing activities
| |||||||||
Proceeds from the issue of shares
|
-
|
71,793
| |||||||
Equity raising expenses
|
(11
|
)
|
(1,913
|
)
| |||||
Payment of lease liability
|
(111
|
)
|
(85
|
)
| |||||
Net cash flows (used in)/from financing activities
|
(122
|
)
|
69,795
| ||||||
Net increase (decrease) in cash held
|
(24,281
|
)
|
48,690
| ||||||
Opening cash balance
|
94,177
|
62,481
| |||||||
Net foreign exchange difference
|
(599
|
)
|
(2,920
|
)
| |||||
Closing cash carried forward
|
3.1
|
69,297
|
108,251
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 9 |
Issued
capital
|
Foreign
currency
translation
reserve
|
Equity
compensation
reserve
|
Accumulated
losses
|
Total
equity
| ||||||||||||||||||||
Note
|
US$'000
|
US$'000
|
US$'000
|
US$'000
|
US$'000
| |||||||||||||||||||
As at 1 July 2021 (Restated)
|
174,390
|
(832
|
)
|
7,753
|
(37,633
|
)
|
143,678
| |||||||||||||||||
Loss for the half year ended 31 December 2021
|
-
|
-
|
-
|
(5,489
|
)
|
(5,489
|
)
| |||||||||||||||||
Other comprehensive income
| ||||||||||||||||||||||||
Foreign currency translation differences
|
-
|
(3,230
| ) |
-
|
-
|
(3,230
| ) | |||||||||||||||||
Total other comprehensive income
|
-
|
(3,230
| ) |
-
|
-
|
(3,230
| ) | |||||||||||||||||
Total comprehensive income for the year
|
-
|
(3,230
| ) |
-
|
(5,489
|
)
|
(8,719
|
)
| ||||||||||||||||
Issue of share capital
| ||||||||||||||||||||||||
Ordinary shares cash
|
4.1
|
71,793
|
-
|
-
|
-
|
71,793
| ||||||||||||||||||
Share-based payments
| - |
-
|
1,031
|
-
|
1,031
| |||||||||||||||||||
Share -based payments expensed/capitalised
|
4.1
| |||||||||||||||||||||||
Fair value of performance rights exercised
|
4.1
|
978
|
-
|
(978
|
)
|
-
|
-
| |||||||||||||||||
Share issue costs
|
4.1
|
(1,913
|
)
|
-
|
-
|
-
|
(1,913
|
)
| ||||||||||||||||
As at 31 December 2021 (Restated)
|
245,248
|
(4,062
|
) |
7,806
|
(43,122
|
)
|
205,870
| |||||||||||||||||
As at 1 July 2022 (Restated)
|
254,273
|
(10,193
|
)
|
5,755
|
(46,136
|
)
|
203,699
| |||||||||||||||||
Loss for the half year ended 31 December 2022
|
-
|
-
|
-
|
(5,811
|
)
|
(5,811
|
)
| |||||||||||||||||
Other comprehensive income
| ||||||||||||||||||||||||
Foreign currency translation differences
|
-
|
(509
|
)
|
-
|
-
|
(509
|
)
| |||||||||||||||||
Total other comprehensive income
|
-
|
(509
|
)
|
-
|
-
|
(509
|
)
| |||||||||||||||||
Total comprehensive income for the year
|
-
|
(509
|
)
|
-
|
(5,811
|
)
|
(6,320
|
)
| ||||||||||||||||
Share-based payments
| ||||||||||||||||||||||||
Share -based payments expensed/capitalised
|
4.1
|
-
|
-
|
947
|
-
|
947
| ||||||||||||||||||
Fair value of performance rights exercised
|
4.1
|
1,062
|
-
|
(1,062
|
)
|
-
|
-
| |||||||||||||||||
Share issue costs
|
4.1
|
(11
|
)
|
-
|
-
|
-
|
(11
|
)
| ||||||||||||||||
As at 31 December 2022
|
255,324
|
(10,702
|
)
|
5,640
|
(51,947
|
)
|
198,315
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 10 |
Section 1.
|
Basis of preparation and changes to the Groups accounting policies
|
• |
Assets and liabilities denominated in non-USD currencies were translated into USD at the closing rates of exchange on the relevant balance sheet date;
|
• |
Income and expenses whose functional currency was other than USD were translated into USD at the relevant proxy of daily rates of exchange;
|
• |
Share capital was translated at the historic rates prevailing on the date of each transaction; and,
|
• |
Movements in other reserves were translated into USD at the relevant average rates of exchange.
|
1.1. |
Corporate information
|
1.2. |
Basis of preparation
|
1.3. |
New standards, interpretations and amendments adopted by the Group
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 11 |
Section 2.
|
Financial performance
|
2.1. |
Operating segments
|
North America
|
Represents activity in the US, primarily in relation to Rhyolite Ridge and the Reno office.
|
Australia
|
Represents head office expenditure, exchange gains and losses and corporate assets (predominantly cash).
|
Segment information |
North America |
Australia | Total | |||||||||||||||||||||
31-Dec-22
|
31-Dec-21
Restated
|
31-Dec-22
|
31-Dec-21
Restated
|
31-Dec-22
|
31-Dec-21
Restated
| |||||||||||||||||||
US$'000
|
US$'000
|
US$'000
|
US$'000
|
US$'000
|
US$'000
|
Exploration expenditure - non core
|
(43
|
)
|
-
|
-
|
-
|
(43
|
)
|
-
| ||||||||||||||||
Reportable segment profit / (loss)
|
(43
|
)
|
-
|
-
|
-
|
(43
|
)
|
-
| ||||||||||||||||
Other expenses
|
(3,375
|
)
|
(1,858
|
)
|
(2,915
|
)
|
(3,929
|
)
|
(6,290
|
)
|
(5,787
|
)
| ||||||||||||
Net financing (expense) / income
|
126
|
294
|
396
|
4 | 522 |
298
| ||||||||||||||||||
Net loss before income tax
|
(3,292
|
)
|
(1,564
|
)
|
(2,519
|
)
|
(3,925
|
)
|
(5,811
|
)
|
(5,489
|
)
|
31-Dec-22
|
30-Jun-22
|
31-Dec-22
|
30-Jun-22
|
31-Dec-22
|
30-Jun-22
| |||||||||||||||||||
Restated
|
Restated
|
Restated
| ||||||||||||||||||||||
US$'000
|
US$'000
|
US$'000
|
US$'000
|
US$'000
|
US$'000
| |||||||||||||||||||
Segment assets
| ||||||||||||||||||||||||
Exploration assets
|
133,644
|
118,487
|
-
|
-
|
133,644
|
118,487
| ||||||||||||||||||
Other assets
|
8,800
|
6,159
|
61,626
|
88,600
|
70,426
|
94,759
| ||||||||||||||||||
Total assets
|
142,444
|
124,646
|
61,626
|
88,600
|
204,070
|
213,246
| ||||||||||||||||||
Segment liabilities
| ||||||||||||||||||||||||
Payables
|
5,228
|
8,147
|
68
|
816
|
5,296
|
8,963
| ||||||||||||||||||
Provisions
|
127
|
332
|
196
|
165
|
323
|
497
| ||||||||||||||||||
Total current liabilities
|
5,355
|
8,479
|
264
|
981
|
5,619
|
9,460
| ||||||||||||||||||
Payables
|
136
|
87
|
-
|
-
|
136
|
87
| ||||||||||||||||||
Total non-current liabilities
|
136
|
87
|
-
|
-
|
136
|
87
| ||||||||||||||||||
Total liabilities
|
5,491
|
8,566
|
264
|
981
|
5,755
|
9,547
| ||||||||||||||||||
Net assets
|
136,953
|
116,080
|
61,362
|
87,619
|
198,315
|
203,699
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 12 |
2.2. |
Employee benefits expense
|
Half year ended | ||||||||
31 Dec 2022 | 31 Dec 2021 | |||||||
Restated | ||||||||
US$'000 | US$'000 | |||||||
Directors fees
|
336
|
446
| ||||||
Employee benefits expense
|
1,542
|
1,283
| ||||||
Share-based payments
|
297
|
482
| ||||||
Total employee benefits expensed
|
2,175
|
2,211
|
2.3. |
Other expenses
|
Half year ended
| ||||||||
31 Dec 2022 | 31 Dec 2021 | |||||||
Restated | ||||||||
US$'000 | US$'000 | |||||||
General and administrative expenses
|
1,767
|
1,450
| ||||||
Consulting and professional costs
|
2,345
|
2,124
| ||||||
Depreciation and amortisation
| 3 |
2
| ||||||
Total other expenses
|
4,115
|
3,576
|
2.4. |
Net finance income
|
Half year ended | ||||||||
31 Dec 2022 | 31 Dec 2021 | |||||||
Restated | ||||||||
US$'000 | US$'000 | |||||||
Interest income
|
558
| 41 | ||||||
Other revenue
|
16
|
33
| ||||||
Net foreign exchange gain
|
-
|
233
| ||||||
Finance income
|
574
| 307 | ||||||
Bank charges
|
(3
|
)
|
(6
|
)
| ||||
Lease interest
|
(6
|
)
|
(3
|
)
| ||||
Net foreign exchange loss
|
(43
|
)
|
-
| |||||
Finance costs
|
(52
|
)
|
(9
|
)
| ||||
Net finance income
|
522
|
298
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 13 |
Section 3.
|
Invested and working capital
|
3.1. |
Cash assets
|
31 Dec 2022
|
30 Jun 2022
| |||||||
Restated
| ||||||||
US$'000
|
US$'000
| |||||||
Cash at bank
|
69,297
|
94,177
| ||||||
Total cash assets
|
69,297
|
94,177
|
3.2. |
Receivables
|
31 Dec 2022
|
30 Jun 2022
| |||||||
Restated
| ||||||||
US$'000
|
US$'000
| |||||||
Current
| ||||||||
Other debtors
|
191
|
113
| ||||||
Prepayments
|
416
|
29
| ||||||
Total current trade and other receivables
|
607
|
142
| ||||||
Non-current
| ||||||||
Other receivables
|
194
|
195
| ||||||
Total non-current trade and other receivables
|
194
|
195
| ||||||
Total current and non-current trade and other receivables
|
801
|
337
|
3.3 |
Exploration and evaluation expenditure
|
31 Dec 2022
|
30 Jun 2022
| |||||||
Restated
| ||||||||
US$'000
|
US$'000
| |||||||
Exploration and evaluation expenditure
|
133,733
|
118,487
| ||||||
Reconciliation of movement
| ||||||||
Opening balance
|
118,487
|
85,988
| ||||||
Additions - Rhyolite Ridge
|
15,108
|
32,049
| ||||||
Exploration expenditure - non core
|
92
|
467
| ||||||
Exploration expenditure - written off
|
(43
|
)
|
(17
|
)
| ||||
Carrying amount at the end of the period
|
133,644
|
118,487
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 14 |
3.4 |
Payables
|
31 Dec 2022
|
30 Jun 2022
| |||||||
Restated
| ||||||||
US$'000
|
US$'000
| |||||||
Current
| ||||||||
Trade creditors and other payables
|
5,091
|
7,879
| ||||||
Accrued expenses
|
41
|
916
| ||||||
Lease Liabilities
|
164
|
168
| ||||||
Total current payables
|
5,296
|
8,963
| ||||||
Non-current
| ||||||||
Lease Liabilities
|
136
|
87
| ||||||
Total non-current payables
|
136
|
87
| ||||||
Total current and non-current payables
|
5,432
|
9,050
|
3.5 |
Provisions
|
31 Dec 2022
|
30 Jun 2022
| |||||||
Restated
| ||||||||
US$'000
|
US$'000
| |||||||
Current
| ||||||||
Provision for employee benefits
|
323
|
497
| ||||||
Total provisions
|
323
|
497
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 15 |
Section 4.
|
Funding and risk management
|
4.1 |
Share capital
|
31 Dec 2022
|
30 Jun 2022
| |||||||||||
Restated
| ||||||||||||
US$'000
|
US$'000
| |||||||||||
2,098,338,267 (June 2022: 2,091,299,420) ordinary shares, fully paid
|
255,324
|
254,273
|
Half year ended
|
Year ended
|
Half year ended
|
Year ended
| |||||||||||||
31 Dec 2022
|
30 Jun 2022
|
31 Dec 2022
|
30 Jun 2022
| |||||||||||||
Restated
| ||||||||||||||||
Number
|
Number
|
US$'000
|
US$'000
| |||||||||||||
Reconciliation of movement:
| ||||||||||||||||
Balance at the beginning of the period
|
2,091,299,420
|
1,896,676,204
|
254,273
|
174,390
| ||||||||||||
Ordinary shares
|
-
|
145,862,742
|
-
|
71,795
| ||||||||||||
Exercise of unlisted options
|
-
|
40,500,000
|
-
|
9,006
| ||||||||||||
Performance rights vested
|
7,038,847
|
8,260,474
|
1,062
|
1,012
| ||||||||||||
Share issue costs
|
-
|
-
|
(11
|
)
|
(1,930
|
)
| ||||||||||
Balance at the end of the period
|
2,098,338,267
|
2,091,299,420
|
255,324
|
254,273
|
4.2 |
Financial risk management
|
a) |
Credit risk
|
b) |
Liquidity risk
|
c) |
Capital management risk
|
d) |
Market risk related to commodity pricing, interest rates and currency fluctuations.
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 16 |
Section 5.
|
Other
|
5.1 |
Contingent assets/liabilities
|
• |
Pay Boundary Peak LLC USD $3 million, or
|
• |
Issue shares (or a mix of both shares and cash) to Boundary Peak LLC, to the equivalent of USD $3 million at a fixed exchange rate of USD $0.75 = AUD $1.00.
|
5.2 |
Events after reporting date
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 17 |
(1) |
In the opinion of the directors:
|
(a) |
The financial statements and notes of the Group are in accordance with the Corporations Act 2001, including:
|
(i) |
giving a true and fair view of the Group's financial position as at 31 December 2022 and the performance for the half year ended on that date; and
|
(ii) |
complying with Accounting Standard AASB 134 / IAS 34 'Interim Financial Reporting' and the Corporations Regulations 2001; and
|
(b) |
there are reasonable grounds to believe that the Group will be able to pay its debts as and when they become due and payable.
|
IONEER LTD
|
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2022
| 18 |
Ernst & Young
200 George Street
Sydney NSW 2000 Australia
GPO Box 2646 Sydney NSW 2001
|
Tel: +61 2 9248 5555
Fax: +61 2 9248 5959
ey.com/au
|
a. |
Giving a true and fair view of the consolidated financial position of the Group as at 31 December 2022 and of its consolidated financial performance for the half year ended on that date; and
|
b. |
Complying with Accounting Standard AASB 134 Interim Financial Reporting and the Corporations Regulations 2001.
|
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Ioneer Ltd. published this content on 27 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2023 21:28:43 UTC.