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ioneer Limited
(Sydney:INR)
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Rating:43Neutral
Price Target:
AU$0.10
▼(-11.82% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily held down by very weak financial performance (pre-revenue with ongoing losses and cash burn) and bearish technicals (trading below key moving averages with negative MACD). A low-debt balance sheet helps offset some risk, but negative earnings (and a negative P/E) plus no indicated dividend support keep the overall profile low.
Positive Factors
Very low leverage
Extremely low leverage reduces refinancing and solvency pressure while preserving flexibility to fund project development through appropriate financing. This gives ioneer a stronger balance-sheet foundation than a highly indebted developer as it advances Rhyolite Ridge toward production.
Negative Factors
No operating revenue
ioneer remains pre-revenue, so the business has not yet demonstrated commercial sales or recurring operating income. Until Rhyolite Ridge is developed and commissioned, financial performance depends on project progress and access to funding rather than internally generated revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage reduces refinancing and solvency pressure while preserving flexibility to fund project development through appropriate financing. This gives ioneer a stronger balance-sheet foundation than a highly indebted developer as it advances Rhyolite Ridge toward production.
Read all positive factors
ioneer Limited (INR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$308.76M
Dividend YieldN/A
Average Volume (3M)4.64M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS Growth30.16%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-2.00
Shares Outstanding3,087,644,300
10 Day Avg. Volume2,984,328
30 Day Avg. Volume4,641,080
Financial Highlights & Ratios
PEG Ratio1.36
Price to Book (P/B)1.29
Price to Sales (P/S)0.00
P/FCF Ratio-104.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.48Price Target Upside336.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
ioneer Limited Business Overview & Revenue Model
Company Description
Operating within North America, ioneer Ltd focuses on the exploration and development of mineral resources. Its most significant asset is the Rhyolite Ridge lithium-boron project, situated in Nevada, United States. The entity, previously known as ...
How the Company Makes Money
ioneer’s business model is centered on developing its mineral project(s) into producing operations and generating revenue from the sale of processed mineral products rather than from services. If Rhyolite Ridge is constructed and commissioned, rev...
ioneer Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -459.26K | -366.34K | -277.00K | -260.00K | -51.34K | -165.02K |
| EBITDA | -4.93M | -8.67M | -10.04M | -9.08M | -9.60M | -11.80M |
| Net Income | -8.98M | -8.42M | -9.55M | -7.83M | -6.39M | -8.50M |
Balance Sheet | ||||||
| Total Assets | 232.70M | 232.70M | 233.54M | 224.47M | 205.84M | 212.62M |
| Cash, Cash Equivalents and Short-Term Investments | 17.88M | 17.88M | 25.06M | 35.72M | 52.59M | 93.90M |
| Total Debt | 335.23K | 335.23K | 373.00K | 1.28M | 211.50K | 255.00K |
| Total Liabilities | 2.33M | 2.33M | 3.24M | 6.25M | 8.90M | 9.52M |
| Stockholders Equity | 230.37M | 230.37M | 230.30M | 218.22M | 196.94M | 203.10M |
Cash Flow | ||||||
| Free Cash Flow | 1.52M | -2.87M | -6.80M | -43.84M | -40.03M | -35.35M |
| Operating Cash Flow | 1.53M | -2.86M | -6.80M | -7.20M | -6.52M | -10.33M |
| Investing Cash Flow | 6.41M | -6.87M | -13.83M | -35.38M | -32.47M | -25.02M |
| Financing Cash Flow | 6.03M | 2.05M | 10.20M | 25.49M | -225.00K | 75.39M |
ioneer Limited Technical Analysis
Negative
0.11
Price Trends
0.12
Negative
0.13
Negative
0.15
Negative
Market Momentum
>-0.01
Positive
33.51
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:INR, the sentiment is Negative. The current price of 0.11 is above the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.51 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:INR.
ioneer Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$462.65M | -40.56 | -4.22% | ― | ― | 56.94% | |
43 Neutral | AU$308.76M | -13.79 | -3.66% | ― | ― | 30.16% | |
43 Neutral | AU$596.65M | 0.48 | 154.06% | ― | ― | ― | |
42 Neutral | AU$1.12B | -32.86 | -10.17% | 2.98% | -100.00% | 59.85% | |
42 Neutral | AU$97.38M | -2.79 | -19.15% | ― | ― | 17.32% | |
37 Underperform | AU$27.15M | -1.22 | -107.26% | 26.19% | ― | 71.99% |
* Basic Materials Sector Average
AU:INR
ioneer Limited
0.10
-0.02
-20.00%
AU:CXO
Core Lithium Ltd
0.35
0.24
245.00%
AU:LKE
Lake Resources N.L.
0.04
0.01
41.38%
AU:NMT
Neometals Ltd
0.03
-0.02
-35.42%
AU:EUR
European Lithium
0.35
0.26
292.05%
AU:GLN
Galan Lithium Limited
0.37
0.23
170.37%
ioneer Limited Corporate Events
Ioneer Bolsters Cash Reserves With Major Equity Raise Amid Ongoing Exploration Spend
Jul 29, 2026
Ioneer Limited, a mining exploration entity listed on the ASX, remains in a pre-production phase with no customer receipts and capitalised exploration and evaluation expenditure driving its project pipeline. The firm’s cost base is concentra...
Ioneer Secures Strategic Support as Rhyolite Ridge Advances Toward Construction
Jul 29, 2026
Ioneer advanced its Rhyolite Ridge project during the June 2026 quarter, signing non-binding memorandums of understanding with Korea’s KIND and Hyundai Engineering that could lead to equity investment and procurement support, underscoring th...
Ioneer Updates Bernard Rowe’s Equity Holdings After Performance Rights Conversion
Jul 6, 2026
Ioneer Ltd has disclosed a change in managing director Bernard Rowe’s interests in the company’s securities, stemming from the conversion and lapse of performance rights issued under the employee incentive plan. The update details move...
Ioneer Updates Director James Calaway’s Equity Holdings After Incentive Conversion
Jul 6, 2026
Ioneer Ltd has reported a change in director James Derrick Calaway’s interests, reflecting the conversion of a portion of his performance rights into fully paid ordinary shares and the lapse of some remaining rights. Following the transactio...
Ioneer performance rights lapse after vesting conditions unmet
Jul 3, 2026
Ioneer Ltd has notified the market that 2,094,695 performance rights, trading under the ASX code INRAS, have ceased. The securities lapsed because the conditions attached to these performance rights were not met or became incapable of being satisf...
Ioneer Wins U.S. Army Lease for Boron Plant at Utah Depot
Jun 25, 2026
Ioneer has received a conditional award from the U.S. Army for a long-term land lease at the Tooele Army Depot in Utah to develop a boron processing facility, making it one of only four firms selected in a new defense-focused critical minerals ini...
Ioneer Lines Up Korean Partners to Advance Rhyolite Ridge Lithium-Boron Project
Jun 22, 2026
Ioneer has secured strategic non-binding letters of intent from Korea’s state-backed infrastructure investor KIND and Hyundai Engineering to support development of the Rhyolite Ridge lithium-boron project, a unique North American deposit wit...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.