ioneer (IONR) 20-F 21 Oct 22 2022 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Jun. 30, 2022 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Jun. 30, 2022
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-41412
Entity Registrant Name	IONEER LTD
Entity Central Index Key	0001896084
Entity Incorporation, State or Country Code	C3
Entity Address, Address Line One	140 Arthur Street
Entity Address, Address Line Two	Suite 5.03, Level 5
Entity Address, City or Town	North Sydney
Entity Address, Postal Zip Code	2060
Entity Address, Country	AU
Title of 12(b) Security	American Depositary Shares each representing 40 Ordinary Shares, no par value
Trading Symbol	IONR
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding	2,091,299,420
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Auditor Firm ID	1435
Auditor Name	Ernst & Young
Auditor Location	Sydney, Australia
Business Contact [Member]
Entity Addresses [Line Items]
Contact Personnel Name	Bernard Rowe
Entity Address, Address Line One	140 Arthur Street
Entity Address, Address Line Two	Suite 5.03, Level 5
Entity Address, City or Town	North Sydney
Entity Address, Postal Zip Code	2060
Entity Address, Country	AU
Country Region	61
City Area Code	2
Local Phone Number	9922-5800

Consolidated statement of profi

Consolidated statement of profit or loss and other comprehensive income - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Consolidated statement of profit or loss and other comprehensive income [Abstract]
Exploration expenditure written off	$ (24)	$ (48)	$ (81)
Other income	0	0	138
Employee benefits expensed	(6,658)	(5,899)	(5,063)
Other expenses	(9,877)	(3,008)	(3,250)
Loss from operating activities	(16,559)	(8,955)	(8,256)
Finance income	4,000	97	2,838
Finance costs	(24)	(1,468)	(28)
Net finance income / (costs)	3,976	(1,371)	2,810
Loss before tax	(12,583)	(10,326)	(5,446)
Income tax expense	0	0	0
Loss for the year	(12,583)	(10,326)	(5,446)
Loss attributable to equity holders of the company	(12,583)	(10,326)	(5,446)
Items that may be reclassified subsequently to profit and loss
Foreign currency translation difference on foreign operations	12,836	(8,040)	(175)
Other comprehensive income/(loss) (net of tax)	12,836	(8,040)	(175)
Total comprehensive profit / (loss) for the year	253	(18,366)	(5,621)
Total comprehensive income / (loss) attributable to the owners of the company	$ 253	$ (18,366)	$ (5,621)
Earnings per share
Basic loss per ordinary share (in dollars per share)	$ (0.62)	$ (0.59)	$ (0.34)
Diluted loss per ordinary share (in dollars per share)	$ (0.62)	$ (0.59)	$ (0.34)

Consolidated statement of finan

Consolidated statement of financial position - AUD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current assets
Cash assets	$ 136,568	$ 83,078
Receivables	213	359
Total current assets	136,781	83,437
Non-current assets
Receivables	282	266
Plant and equipment	0	3
Right of use asset	356	309
Exploration and evaluation expenditure	171,819	114,375
Total non-current assets	172,457	114,953
Total assets	309,238	198,390
Current liabilities
Payables	12,752	6,630
Lease liabilities	243	251
Provisions	721	375
Total current liabilities	13,716	7,256
Non-current liabilities
Lease liabilities - non-current	126	79
Total Non-current liabilities	126	79
Total liabilities	13,842	7,335
Net assets	295,396	191,055
Equity
Contributed equity	337,494	230,730
Reserves	13,892	3,732
Accumulated losses	(55,990)	(43,407)
Total equity	$ 295,396	$ 191,055

Consolidated statement of chang

Consolidated statement of changes in equity - AUD ($) $ in Thousands	Total	Issued Capital [Member]	Foreign Currency Translation Reserve [Member]	Equity Compensation Reserve [Member]	Accumulated Losses [Member]
Beginning balance at Jun. 30, 2019	$ 95,655	$ 113,013	$ 1,566	$ 8,711	$ (27,635)
Changes in equity
Loss for the year	(5,446)	0	0	0	(5,446)
Other comprehensive income
Foreign currency translation differences on foreign operations	(175)	0	(175)	0	0
Other comprehensive income/(loss) (net of tax)	(175)	0	(175)	0	0
Total comprehensive profit / (loss) for the year	(5,621)	0	(175)	0	(5,446)
Issue of share capital
Ordinary shares cash	40,000	40,000	0	0	0
Ordinary shares non-cash	0
Proceeds from unlisted options exercised	578	578	0	0	0
Share-based payments
Share-based payments expensed/capitalised	1,233	0	0	1,233	0
Fair value of unlisted options exercised	0	1,076		(1,076)
Fair value of performance rights vested	0	422	0	(422)	0
Share issue costs	(1,799)	(1,799)	0	0	0
Ending balance at Jun. 30, 2020	130,046	153,290	1,391	8,446	(33,081)
Changes in equity
Loss for the year	(10,326)	0	0	0	(10,326)
Other comprehensive income
Foreign currency translation differences on foreign operations	(8,040)	0	(8,040)	0	0
Other comprehensive income/(loss) (net of tax)	(8,040)	0	(8,040)	0	0
Total comprehensive profit / (loss) for the year	(18,366)	0	(8,040)	0	(10,326)
Issue of share capital
Ordinary shares cash	80,000	80,000	0	0	0
Ordinary shares non-cash	374	374	0	0	0
Share-based payments
Share-based payments expensed/capitalised	2,516	0	0	2,516	0
Fair value of unlisted options exercised	0	0	0	0	0
Fair value of performance rights vested	0	581	0	(581)	0
Share issue costs	(3,515)	(3,515)	0	0	0
Ending balance at Jun. 30, 2021	191,055	230,730	(6,649)	10,381	(43,407)
Changes in equity
Loss for the year	(12,583)	0	0	0	(12,583)
Other comprehensive income
Foreign currency translation differences on foreign operations	12,836	0	12,836	0	0
Other comprehensive income/(loss) (net of tax)	12,836	0	12,836	0	0
Total comprehensive profit / (loss) for the year	253	0	12,836	0	(12,583)
Issue of share capital
Ordinary shares cash	95,584	95,584	0	0	0
Ordinary shares non-cash	0
Proceeds from unlisted options exercised	7,900	7,900	0	0	0
Share-based payments
Share-based payments expensed/capitalised	3,300	0	0	3,300	0
Fair value of unlisted options exercised	1	4,617	0	(4,616)	0
Fair value of performance rights vested	0	1,360	0	(1,360)	0
Share issue costs	(2,697)	(2,697)	0	0	0
Ending balance at Jun. 30, 2022	$ 295,396	$ 337,494	$ 6,187	$ 7,705	$ (55,990)

Consolidated statement of cashf

Consolidated statement of cashflows - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Payment to suppliers and employees	$ (15,089)	$ (6,487)	$ (6,745)
Interest and other finance costs paid	(7)	0	(28)
Net cash flows used in operating activities (inclusive of GST)	(15,096)	(6,487)	(6,773)
Cash flows from investing activities
Expenditure on mining exploration	(36,384)	(23,677)	(45,080)
Purchase of equipment	(4)	(6)	(21)
Interest received	69	39	747
Net cash flows used in investing activities	(36,319)	(23,644)	(44,354)
Cash flows from financing activities
Proceeds from the issue of shares	95,584	80,000	40,000
Proceeds from exercise of options	7,900	0	578
Equity raising expenses	(2,697)	(3,515)	(1,799)
Payments of lease liability	(228)	(107)	(103)
Net cash flows received from financing activities	100,559	76,378	38,676
Net increase (decrease) in cash held	49,144	46,247	(12,451)
Cash at the beginning of the financial year	83,078	38,268	48,604
Effect of exchange rate fluctuations on balances of cash held in USD	4,386	(1,437)	2,115
Closing cash carried forward	$ 136,568	$ 83,078	$ 38,268

Basis of preparation

Basis of preparation	12 Months Ended
	Jun. 30, 2022
Basis of preparation [Abstract]
Basis of preparation	Section 1. Basis of preparation 1.1. Reporting entity The financial report of ioneer Ltd for the year ended 30 June 2022 was authorised for issue in accordance with a resolution of the Directors on October 19, 2022. ioneer Ltd is a for profit company limited by shares and incorporated in Australia whose shares are publicly traded on the Australian Securities Exchange under the ticker code “INR”. The registered office of the Company is suite 5.03, 140 Arthur Street, North Sydney, NSW 2060 Australia. The Company is principally engaged in the development of the Rhyolite Ridge lithium-boron deposit in the state of Nevada, United States of America. Further information about the nature of the Group’s operations and activities is provided in the directors’ report. Information on the group structure is set out in Section 8 of this report and information on other related party disclosures of the Group is provided in Section 9. 1.2. Basis of preparation • These financial statements comply with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board ('IASB'), including new or amended accounting standards effective for reporting periods beginning July 1 2021. • Unless otherwise stated, the accounting policies disclosed have been consistently applied. • The financial report has been prepared on a historical cost basis. • The financial statements have been presented in Australian dollars which is the parent entity’s functional currency. • The financial statements have been prepared on the going concern basis which assumes the company and consolidated entity will have sufficient cash to pay its debts as and when they become payable for a period of at least 12 months from the date the financial report was authorised for issue. 1.3. New and amended accounting standards and interpretations The Group has adopted all the new or amended Accounting Standards and Interpretations issued by the International Accounting Standards Board (“IASB”) that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the Group. The following standards and interpretations that have recently been issued but are not yet mandatory, have not been early adopted by the Group for the annual reporting period ended 30 June 2022. The Group’s assessment of the impact of these new or amended Accounting Standards and Interpretations, which are most relevant to the Group are set out below: Classification of Liabilities as Current or Non-current (IAS 1) A liability is classified as current if the entity has no right at the end of the reporting period to defer settlement for at least 12 months after the reporting period. The IASB issued amendments to IAS 1 Presentation of Financial Statements to clarify the requirements for classifying liabilities as current or non-current. Specifically: • The amendments specify that the conditions which exist at the end of the reporting period are those which will be used to determine if a right to defer settlement of a liability exists. • Management intention or expectation does not affect classification of liabilities. • In cases where an instrument with a conversion option is classified as a liability, the transfer of equity instruments would constitute settlement of the liability for the purpose of classifying it as current or non-current. These amendments had no material impact on the financial statements. Amendments to IAS 8 – Disclosure of Accounting Estimates The definition of a change in accounting estimates is replaced with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty”. Entities develop accounting estimates if accounting policies require items in financial statements to be measured in a way that involves measurement uncertainty. These amendments had no material impact on the financial statements. Amendments to IAS 12 - Deferred Tax related to Assets and Liabilities arising from a Single Transaction The initial recognition exemption has been narrowed such that it no longer applies to transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. These amendments had no material impact on the financial statements. 1.4. Basis of consolidation Controlled entities Controlled entities are entities controlled by the Company. Control exists when the Company has the power, directly or indirectly to govern the financial and operating policies of an entity so as to obtain benefits from its operations. The financial statements of controlled entities are included in the consolidated financial statements from the date control commences until the date that control ceases. With the exception of the wind up of three Canadian entities during the financial year there has been no change in the control of any subsidiaries during the financial period. All subsidiaries are 100% owned by the Company (2021: 100%). Transactions eliminated on consolidation All inter-company balances and transactions, including unrealised profits arising from intra-group transactions, have been eliminated in full. Accounting policies The financial statements of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. 1.5. Critical accounting estimates and judgements The preparation of these financial statements in conformity with International Financial Reporting Standards has required management to make judgements, estimates and assumptions which impact the application of policies and reported amounts of assets and liabilities, income and expenses. These estimates and associated assumptions are based on historical knowledge and various other factors that are believed to be reasonable in the circumstance. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed regularly and revisions to accounting estimates are reviewed in the period in which the estimate is revised. The most significant estimates and assumptions which have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to: Reserve estimates Reserves are estimates of the amount of product that can be economically and legally extracted, processed and sold from the Groups properties under current and foreseeable economic conditions. The group determines and reports reserves under the standards incorporated in the Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves, 2012 edition (the JORC code). The SEC generally requires disclosure of mining reserves in accordance with Regulation S-K, Subpart 1300. The determination of ore reserves includes estimates and assumptions about a range of geological, technical and economic factors including quantities, grades, production techniques, recovery rates, commodity prices and exchange rates. Change in ore reserve impact the assessment of recoverability of exploration and evaluation assets. Estimating the quantity and /or grade of reserves requires the size, shape and depth of ore to be determined by analysing geological data. This process may require complex and difficult judgements to interpret the data. Exploration and evaluation assets The Group’s policy for exploration and evaluation expenditure is set out in note 4.5. The application of this policy requires certain judgements, estimates and assumptions as to the future events and circumstances, in particular the assessment of whether economic quantities of reserves will be found. Any such estimates and assumptions may change as new information becomes available. If, after capitalisation of expenditure under the policy, it is concluded that the capitalised expenditure will not be recovered by future exploitation or sale, then the relevant amount will be written off in the statement of profit or loss. Changes in assumptions may result in a material adjustment to the carrying amount of exploration and evaluation assets. Share-based payment transactions The Group measures the cost of equity-settled transactions with employees by reference to the fair value of the equity investments at the date on which they are granted. Additional information is set out in note 7.3, Share-based payments. 1.6. Foreign Currency Transactions and Balances Functional and presentation currency The functional currency of each of the Group’s entities is measured using the currency of the primary economic environment in which that entity operates. The functional currency of the entities in the Group is predominantly US Dollars, with the exception of ioneer Limited, which has a functional currency of Australian Dollars. The consolidated financial statements continue to be presented in Australian dollars, which is the parent entity’s functional currency. However, in FY2023 it is the Group’s intention to change the presentation currency to United States Dollars. Transactions and balances Foreign currency transactions are translated at the foreign exchange rate at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the end of the reporting period are translated at the year-end exchange rate. Exchange differences arising on the translation of monetary items are recognised in the statement of profit or loss. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of non-monetary items are recognised directly in other comprehensive income to the extent that the underlying gain or loss is recognised in other comprehensive income; otherwise the exchange difference is recognised in profit or loss. Presentation of foreign exchange gains and losses in the statement of profit or loss The Group presents its foreign exchange gains and losses within net financing income /expense in the statement of profit or loss.

Financial performance

Financial performance	12 Months Ended
	Jun. 30, 2022
Financial performance [Abstract]
Financial performance	Section 2. Financial performance 2.1. Operating segments An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Group’s other components. An operating segment’s operating results are reviewed regularly by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated to the segment and assess its performance, and for which discrete financial information is available. The Managing Director is considered to be the CODM and is empowered by the Board to allocate resources and assess the performance of the Group. Segment results that are reported to the CODM include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Description of segments The Company operates predominantly as a mineral exploration and development company. The operating segments are based on the reports reviewed by the Managing Director for assessing performance and determining the allocation of resources and strategic decision making within the Group. North America Represents activity in the US, primarily in relation to Rhyolite Ridge and the Reno office. Australia Represents head office expenditure, including ASX listing costs, exchange gains and losses and corporate assets (predominantly cash). Segment information provided to the CODM: Segment information North America Australia Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Exploration expenditure - non core (24 ) (48 ) (81 ) - - - (24 ) (48 ) (81 ) Other income / (expenses) (3,997 ) - 138 (5,880 ) - - (9,877 ) - 138 Reportable segment profit / (loss) (4,021 ) (48 ) 57 (5,880 ) - - (9,901 ) (48 ) 57 Employee benefits and other expenses (1,832 ) (3,366 ) (2,841 ) (4,826 ) (5,541 ) (5,472 ) (6,658 ) (8,907 ) (8,313 ) Net financing income / (expense) 4 (2,880 ) 1 3,972 1,509 2,809 3,976 (1,371 ) 2,810 Net loss before income tax (5,849 ) (6,294 ) (2,783 ) (6,734 ) (4,032 ) (2,663 ) (12,583 ) (10,326 ) (5,446 ) Segment assets Exploration assets 171,819 114,375 94,824 - - - 171,819 114,375 94,824 Other assets 8,931 18,019 9,764 128,488 65,996 29,230 137,419 84,015 38,994 Total assets 180,750 132,394 104,588 128,488 65,996 29,230 309,238 198,390 133,818 Segment liabilities Payables 11,813 5,857 2,095 1,182 1,024 1,002 12,995 6,881 3,097 Provisions 480 215 189 241 160 82 721 375 271 Total current liabilities 12,293 6,072 2,284 1,423 1,184 1,084 13,716 7,256 3,368 Payables 126 - 404 - 79 - 126 79 404 Total non-current liabilities 126 - 404 - 79 - 126 79 404 Total liabilities 12,419 6,072 2,688 1,423 1,263 1,084 13,842 7,335 3,772 Net assets 168,331 126,322 101,900 127,065 64,733 28,146 295,396 191,055 130,046 Major customers The Company has no major customers and nil nil 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 2.2. Other income Write back of reclamation bonds - - 138 Total other income - - 138 In the prior year, the Group recognised, outstanding reclamation bonds previously written off as exploration expenditure. 2.3. Impairment write-off Exploration expenditure written off (24 ) (48 ) (81 ) Total impairment (24 ) (48 ) (81 ) 2.4. Other expenses General and administrative expenses 4,133 1,805 1,874 Consulting and professional costs 5,504 967 1,224 Depreciation and amortisation 240 236 152 Total other expenses 9,877 3,008 3,250 2.5. Net finance costs Interest income from external providers 85 39 721 Other revenue 68 58 - Net foreign exchange gain 3,847 - 2,117 Finance income 4,000 97 2,838 Bank charges (17 ) (20 ) (20 ) Net foreign exchange loss - (1,436 ) - Lease interest (7 ) (12 ) (8 ) Finance costs (24 ) (1,468 ) (28 ) Net finance income / (costs) 3,976 (1,371 ) 2,810 Interest income is recorded at the effective interest rate applicable to the financial instrument. Interest is recognised as it accrues (using the effective interest method, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument) to the net carrying amount of the financial asset. 2.6. Earnings per share 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Earnings used in calculating earnings per share Basic and diluted loss (12,583 ) (10,326 ) (5,446 ) Weighted average number of ordinary shares used as the denominator Number Number Number Issued ordinary shares - opening balance 1,896,676,204 1,680,202,466 1,474,983,509 Effect of shares issued 117,750,170 69,056,018 122,026,219 Weighted average number of ordinary shares 2,014,426,374 1,749,258,484 1,597,009,728 Weighted average number of ordinary shares (diluted) Weighted average number of ordinary shares at 30 June for basic EPS 2,014,426,374 1,749,258,484 1,597,009,728 Effect of dilution from options and rights on issue - - - Weighted average number of ordinary shares adjusted for effect of dilution 2,014,426,374 1,749,258,484 1,597,009,728 Cents Cents Cents Basic loss per share attributable to the ordinary equity holders of the company (0.62 ) (0.59 ) (0.34 ) Diluted loss per share attributable to the ordinary equity holders of the company (0.62 ) (0.59 ) (0.34 ) Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares. The effect of dilution from options and rights on issue in the financial year would be 35,597,029 (2021: 76,171,508 and 2020: 53,324,084). The impact the potential ordinary shares is treated as dilutive only when their conversion to ordinary shares would decrease EPS.

Taxation

Taxation	12 Months Ended
	Jun. 30, 2022
Taxation [Abstract]
Taxation	Section 3. Taxation 3.1. Taxation 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Tax expense comprises: Income tax Current tax benefit / (expense) - - - Tax expense related to movements in deferred tax balances - - - Total tax (expense) / benefit - - - Numerical reconciliation between tax (expense) / benefit and pre-tax net result: Loss before tax (12,583 ) (10,326 ) (5,446 ) Prima facie taxation benefit at 30 (3,775 ) (3,098 ) (1,634 ) Decrease / (increase) in income tax benefit due to: Non-deductible expenses 1,501 728 287 Foreign exchange and other translation adjustments (1,177 ) 432 (616 ) Additional tax deductible expenditure (190 ) (113 ) (82 ) Unrecognised tax losses relating to current year 3,859 2,160 2,142 Adjustments for prior years (218 ) (109 ) (97 ) Income tax (expense) / benefit - - - No provision for income tax is considered necessary in respect of the Company for the year ended June 30 2022. No recognition has been given to any future income tax benefit which may arise from operating losses not claimed for tax purposes. The Group has estimated tax loss positions across the group as follows: Deferred Tax Deferred tax relates to the following 06/30/2022 $’000 Deferred tax relates to the following Foreign exchange gain/loss (1,177 ) Losses available for offsetting against future taxable income 1,177 Net deferred tax asset - The Group has tax losses for which no deferred tax asset has been recognised on the Statement of Financial Position that amounted to $37.6 million. Jurisdiction 06/30/2022 Australia USA Canada AUD$'000 US$'000 CAD$'000 Non-recognised tax losses - revenue Balance at the beginning of the period 17,608 8,977 216 Movement during the period 3,536 2,853 3 Balance at the end of the period 21,144 11,830 219 AUD$'000 US$'000 CAD$'000 Non-recognised tax losses - capital Balance at the beginning of the period 7,307 - - Movement during the period - - - Balance at the end of the period 7,307 - - Total revenue and capital losses not recognised 28,451 11,830 219 These amounts will only be obtained if: • the Company and Controlled Entities derive future assessable income of a nature and of an amount sufficient to enable the benefit from the deductions for the losses to be realised, • the Company and Controlled Entities continue to comply with the conditions for deductibility imposed by the law, and • no changes in tax legislation adversely affect the Company and Controlled Entities in realising the benefit from the deductions for the losses, i.e. current tax legislation permits carried forward tax losses to be carried forward indefinitely. The group has additional tax value embedded in the Rhyolite Ridge exploration asset. Future deductibility is expected against anticipated assessable income from the Project once in production.

Invested and working capital

Invested and working capital	12 Months Ended
	Jun. 30, 2022
Invested and working capital [Abstract]
Invested and working capital	Section 4. Invested and working capital 4.1. Cash assets 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Cash at bank 100,276 83,078 17,386 Short term deposits 36,292 - 20,882 Total cash assets 136,568 83,078 38,268 Cash flow reconciliation Reconciliation of net cash outflow from operating activities to operating loss after tax Loss for the period (12,583 ) (10,326 ) (5,446 ) Adjustments to reconcile profit to net cash flows: Depreciation 7 13 53 Other income - - (138 ) Exploration expenditure written-off 24 48 81 Share-based payments 2,063 2,034 682 Net foreign exchange differences - unrealised (6,316 ) 1,437 (2,116 ) Interest income (85 ) (39 ) (721 ) Interest expense 7 - - Lease liabilities 221 107 103 Change in assets and liabilities during the financial year: Decrease / (Increase) in trade and other receivables 163 (230 ) (243 ) Increase in accounts payable 1,403 469 972 Net cash used in operating activities (15,096 ) (6,487 ) (6,773 ) Cash and short-term deposits in the statement of financial position comprise cash at banks and on hand and short-term highly liquid deposits with a maturity of three months or less, that are readily convertible to a known amount of cash and subject to an insignificant risk of changes in value. 4.2. Receivables 06/30/2022 06/30/2021 $’000 $’000 Current Interest receivable 16 - Other debtors 155 29 Prepayments 42 330 Total current trade and other receivables 213 359 Non-current Other debtors 282 266 Total non-current trade and other receivables 282 266 Total current and non-current trade and other receivables 495 625 Receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest rate method less provision for impairment. Impairment losses are recognised in the profit and loss. 4.3. Plant and equipment Plant and equipment - at cost 89 84 Less accumulated depreciation (89 ) (81 ) Total plant and equipment - 3 Reconciliation of the movement Opening balance 3 9 Additions 4 6 Depreciation expense (7 ) (12 ) Closing balance - 3 Tangible plant and equipment assets are stated at cost less accumulated depreciation and any impairment in value. Depreciation is calculated on a straight-line basis over the useful life of the asset being between 1-4 years. An item of plant and equipment is derecognised upon disposal. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the item) is included in the statement of comprehensive income in the period the item is derecognised. At each reporting date, the Group assesses whether there is any indication that an asset may be impaired. Where an indicator of impairment exists, the Group makes a formal estimate of recoverable amount. Where the carrying amount of an asset exceeds its recoverable amount the asset is considered impaired and is written down to its recoverable amount. Recoverable amount is the greater of fair value less costs to sell and value in use. 4.4. Right of Use Asset 06/30/2022 06/30/2021 $ ’000 $ ’000 Premises - at cost 511 465 Less accumulated amortisation (155 ) (156 ) Total Right of Use Asset 356 309 Reconciliation of the movement Opening balance 309 322 Additions 281 230 Disposals - (177 ) Amortisation expense (234 ) (45 ) Foreign exchange translation difference - (21 ) Closing balance 356 309 The Group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Group is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognised right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. Right-of-use assets are subject to impairment. 4.5. Exploration and evaluation expenditure Exploration and evaluation expenditure incurred by or on behalf of the Group is accumulated separately for each area of interest. Such expenditure comprises net direct costs and an appropriate portion of related overhead expenditure but does not include general overheads or administrative expenditure not having a specific connection with a particular area of interest. Exploration and evaluation costs in relation to separate areas of interest for which rights of tenure are current are brought to account in the year in which they are incurred and carried forward provided that: • such costs are expected to be recouped through successful development and exploitation of the area, or alternatively through its sale; or • exploration and/or evaluation activities in the area have not yet reached a stage which permits a reasonable assessment of the existence or otherwise of economically recoverable reserves. The types of costs recognized as exploration and evaluation assets include costs to acquire the legal rights to explore in the specific area and costs incurred in respect of the search for mineral resources, determination of technical feasibility and the assessment of commercial viability of an identified resource, in accordance with IFRS 6. A Final Investment Decision (FID) to develop the Project is expected to be made after considering the following key factors: required permits are in place, engineering has reached construction ready status, adequate offtake agreements have been signed to underwrite any debt requirements, and the Project is funded through a mix of equity and debt. In order to attract funding, the Project will need to demonstrate technical feasibility and commercial viability. Once FID has been taken, all past and future exploration and evaluation assets in respect of the area of interest are tested for impairment and transferred to the cost of development. To date, no development decision has been made. The Directors assess at each reporting date whether there is an indication that an asset has been impaired and for exploration and evaluation costs carried forward whether the above carry forward criteria are met. No indicator of impairment has been identified as at June 30 2022. When the above criteria do not apply or when the Directors assess that the carrying value may exceed the recoverable amount the accumulated costs in respect of areas of interest are written off in the Statement of profit and loss and other comprehensive income. 06/30/2022 06/30/2021 $’000 $’000 Exploration and evaluation expenditure 171,819 114,375 Reconciliation of movement Opening balance 114,375 94,824 Additions - Rhyolite Ridge 46,474 27,805 Exploration expenditure - non core 970 293 Exploration expenditure - written off (309 ) (285 ) Foreign exchange translation difference 10,309 (8,262 ) Carrying amount at the end of the financial year 171,819 114,375 The above amounts represent costs of areas of interest carried forward as an asset in accordance with the accounting policy described above. The ultimate recoupment of exploration and evaluation expenditure in respect of an area of interest carried forward is dependent upon the discovery of commercially viable reserves and the successful development and exploitation of the respective areas or alternatively sale of the underlying areas of interest for at least their carrying value. Amortisation, in respect of the relevant area of interest, is not charged until a mining operation has commenced. All exploration and evaluation costs carried forward relate in large part to the Rhyolite Ridge Lithium–Boron Project in Nevada, USA. Exploration and evaluation expenditure on all other tenements owned by the Company has been fully impaired where applicable. 4.6. Payables Current Trade creditors and other payables 11,423 5,462 Accrued expenses 1,329 1,168 Lease Liabilities 243 251 Total current payables 12,995 6,881 Non-current Lease Liabilities 126 79 Total non-current payables 126 79 Total current and non-current payables 13,121 6,960 All financial liabilities are recognised initially at fair value net of directly attributable transaction costs. After initial measurement, financial liabilities are subsequently measured at amortised cost. Current payables, other than lease liabilities, due to their short-term nature are measured at amortised cost and are not discounted. The current payables, other than lease liabilities, are unsecured and are non-interest bearing generally on 30-60 day terms. The carrying amounts approximate fair value. At the commencement date of the lease, the Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in - substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments that do not depend on an index or a rate are recognised as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 4.7. Provisions Employee entitlements 06/30/2022 06/30/2021 $’000 $’000 Current Provision for employee benefits 721 375 Total provisions 721 375 Provision is made for the Group’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee benefits payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. In determining the liability, consideration is given to employee wages increases and the probability that the employee may satisfy vesting requirements. Those cash flows are discounted using market yields on high quality corporate bonds with terms to maturity that match the expected timing of cash flows.

Capital structure

Capital structure	12 Months Ended
	Jun. 30, 2022
Capital structure [Abstract]
Capital structure	Section 5. Capital structure 5.1. Share capital Ordinary shares 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 2,091,299,420 337,494 230,730 153,290 Year ended 06/30/2022 Year ended 06/30/2021 Year ended 06/30/2020 Year ended 06/30/2022 Year ended 06/30/2021 Year ended 06/30/2020 Number Number Number $’000 $’000 $’000 Reconciliation of movement: Balance at the beginning of the financial year 1,896,676,204 1,680,202,466 1,474,983,509 230,730 153,290 113,013 Ordinary shares 145,862,742 210,526,316 200,000,000 95,584 80,000 40,000 Ordinary shares non-cash - 2,766,272 - - 374 - Exercise of unlisted options (1) 40,500,000 - 3,750,000 12,517 - 1,654 Performance rights vested (2) 8,260,474 3,181,150 1,468,957 1,360 581 422 Share issue costs - - - (2,697 ) (3,515 ) (1,799 ) Balance at the end of the financial period 2,091,299,420 1,896,676,204 1,680,202,466 337,494 230,730 153,290 (1) Value of unlisted options exercised equals the sum of the exercise price received plus the fair value transferred from the equity compensation reserve (2) Ordinary shares issued to employees upon vesting of performance rights Ordinary shares are classified as equity. There are no restrictions on voting rights. On a show of hands every member present or by proxy shall have one vote and upon a poll each share shall have one vote. Where a member holds shares, which are not fully paid, the number of votes to which that member is entitled on a poll in respect of those part paid shares shall be that fraction of one vote which the amount paid up bears to the total issued price thereof. They have the right to receive dividends as declared and, in the event of winding up the Company, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Incremental costs directly attributable to the issue of new shares, options or rights are shown in equity as a deduction from the proceeds. Management controls the capital of the Group in order to maintain a sustainable debt to equity ratio, generate long-term shareholder value and ensure that the Group can fund its operations and continue as a going concern. The Group is not subject to any externally imposed capital requirements. During the year ended 30 June 2022 the Company issued: • 145,862,742 shares as a consequence of a share placement in October 2021 • 8,260,474 shares as a consequence of Performance Rights vesting under the Equity Incentive Plan. • 40,500,000 shares as a consequence of Options exercised under the Share Options Plan. During the year ended 30 June 2021 the Company issued: • 210,526,316 shares as a consequence of a share placement in March 2021 • 2,766,272 shares as a consequence of 2017 make-up LTI grant issued to Bernard Rowe and approved at the 2020 AGM • 2,694,725 shares as a consequence of Performance Rights vesting under the Equity Incentive Plan. • 486,425 shares as a consequence of Performance Rights vesting under the Performance Rights Plan Share schemes The Company has two share schemes in operation: • The Share Option Plan; and • The Equity Incentive Plan. Under these plans ordinary shares have been granted to senior executives, employees and a number of consultants. Further details about the operation of these plans are set out in note 7.3, Shared-based payments. The Equity Incentive Plan is capable of issuing both options and performance rights. The pre-existing Share Option Plan will be phased out as existing options are issued or expire. The movement in options and performance rights issued under these plans is set out in the following tables. Share options Movement in options on issue for the year ended June 30 2022 Grant Vesting Expiry FV per option at grant date Exercise price Opening balance Closing balance date date date $ $ Issued Exercised Expired NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.122 0.150 16,000,000 - (16,000,000 ) - - NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.113 0.200 12,000,000 - (12,000,000 ) - - NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.106 0.250 12,000,000 - (12,000,000 ) - - NED's (1) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - (200,000 ) - - Ex-NED's (2) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - - (200,000 ) - NED's (1) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - (200,000 ) - - Ex-NED's (2) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - - (200,000 ) - NED's (1) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - (100,000 ) - - Ex-NED's (2) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - - (100,000 ) - NED's (1) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 Ex-NED's (2) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 NED's (1) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 Ex-NED's (2) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 NED's (1)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 978,969 - - - 978,969 Ex-NED's (2)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 652,646 - - - 652,646 Movement for the year ended June 30 2022 45,369,643 - (40,500,000 ) (500,000 ) 4,369,643 Movement in options on issue for the year ended June 30 2021 Grant Vesting Expiry FV per option at grant date Exercise price Opening balance Closing balance date date date $ $ Issued Exercised Expired NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.122 0.150 16,000,000 - - - 16,000,000 NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.113 0.200 12,000,000 - - - 12,000,000 NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.106 0.250 12,000,000 - - - 12,000,000 NED's (1) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - - - 200,000 Ex-NED's (2) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - - - 200,000 NED's (1) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - - - 200,000 Ex-NED's (2) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - - - 200,000 NED's (1) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - - - 100,000 Ex-NED's (2) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - - - 100,000 NED's (1) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 Ex-NED's (2) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 NED's (1) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 Ex-NED's (2) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 NED's (1)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 - 978,969 - - 978,969 Ex-NED's (2)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 - 652,646 - - 652,646 Movement for the year ended June 30 2021 43,738,028 1,631,615 - - 45,369,643 (1) NED’s refers to Non-executive directors. (2) Ex-NED’s refers to former Non-executive directors. (3) During the financial year ended June 30, 2021 each non-executive director was granted 326,323 options under the new Equity Incentive Plan in lieu of director fees. For further details refer to the remuneration report. Performance rights Movement in performance rights on issue for the year ended 30 June 2022 Grant Vesting Market Value per right at grant date Opening balance Issued Exercised Forfeited Closing balance date date $ Number Number Number Number Number Catch-up LTIs - KMP 06-Nov-20 01-Jul-21 0.1885 2,766,272 - (2,766,272 ) - - 2020 cash bonus conversion - KMP 01-Jul-20 01-Jul-21 0.1242 1,334,562 - (1,334,562 ) - - 2020 cash bonus conversion - staff 01-Jul-20 01-Jul-21 0.1242 1,475,042 - (1,475,042 ) - - Catch-up LTIs - KMP 08-Aug-19 01-Jul-21 0.1750 1,519,208 - (1,519,208 ) - - Retention on employment- staff 01-Jul-19 01-Jul-21 0.1350 169,457 - (169,457 ) - - Retention on employment- staff 15-Jul-19 15-Jul-21 0.1850 256,156 - (256,156 ) - - Retention on employment - KMP (1) 08-Aug-19 14-Nov-21 0.1750 244,378 - (244,378 ) - - Retention on employment - KMP 08-Aug-19 14-Nov-21 0.1750 244,378 - (244,378 ) - - Retention on employment- staff 06-May-19 06-May-22 0.1900 251,021 - (251,021 ) - - 2019 LTI - performance based - KMP 06-Nov-20 01-Jul-22 0.1695 1,659,763 - - - 1,659,763 2019 LTI - time based - KMP 06-Nov-20 01-Jul-22 0.1950 1,106,509 - - - 1,106,509 2019 LTI -performance based - KMP 01-Jul-20 01-Jul-22 0.1400 1,676,363 - - - 1,676,363 LTI - KMP 08-Aug-19 01-Jul-22 0.1750 1,125,434 - - - 1,125,434 Sign on Performance Rights - KMP 01-Jul-19 01-Jul-22 0.1352 956,145 - - - 956,145 Retention on employment- staff 01-Jul-19 01-Jul-22 0.1352 169,457 - - - 169,457 Retention on employment- staff 15-Jul-19 15-Jul-22 0.1850 256,156 - - - 256,156 Retention on employment- KMP 01-Aug-19 01-Aug-22 0.1862 741,120 - - - 741,120 Retention on employment- staff 14-Oct-19 14-Oct-22 0.1835 169,699 - - (169,699 ) - Special award 30-Jun-20 30-Jun-23 0.1300 280,000 - - - 280,000 Special award 30-Jun-20 30-Jun-23 0.1300 200,000 - - - 200,000 2020 LTI - performance based - KMP 06-Nov-20 01-Jul-23 0.1665 2,016,774 - - - 2,016,774 2020 LTI - time based - KMP 06-Nov-20 01-Jul-23 0.1950 1,344,516 - - - 1,344,516 2020 LTI - performance based - staff 01-Jul-20 01-Jul-23 0.1370 1,588,715 - - (61,460 ) 1,527,255 2020 LTI - time based - staff 01-Jul-20 01-Jul-23 0.1250 2,354,570 - - (184,380 ) 2,170,190 2020 LTI - performance based - KMP 01-Jul-20 01-Jul-23 0.1370 3,642,025 - - - 3,642,025 2020 LTI time based - KMP 01-Jul-20 01-Jul-23 0.1250 2,428,016 - - - 2,428,016 Retention on employment- staff 30-Sep-20 30-Sep-23 0.1200 226,129 - - - 226,129 Retention on employment- directors 01-Feb-21 01-Feb-24 0.3300 600,000 - - - 600,000 2021 LTI - performance based - KMP 01-Jul-21 01-Jul-24 0.3710 - 1,458,852 - - 1,458,852 2021 LTI - time based - KMP 01-Jul-21 01-Jul-24 0.3300 - 972,569 - - 972,569 Retention on employment- staff 01-Jul-21 01-Jul-24 0.3300 - 679,146 - - 679,146 2021 LTI - performance based - staff 26-Aug-21 01-Jul-24 0.4570 - 627,854 - (22,729 ) 605,125 2021 LTI - time based - staff 26-Aug-21 01-Jul-24 0.5100 - 1,096,228 - (68,188 ) 1,028,040 2021 LTI - performance based - KMP 05-Nov-21 01-Jul-24 0.7240 - 1,567,975 - - 1,567,975 2021 LTI time based - KMP 05-Nov-21 01-Jul-24 0.7900 - 1,045,316 - - 1,045,316 2021 LTI time based - directors 05-Nov-21 05-Nov-22 0.7900 - 250,598 - - 250,598 Retention on employment- staff 16-Nov-21 16-Nov-24 0.7050 - 115,000 - - 115,000 2021 cash bonus conversion - KMP 01-Jul-21 01-Jul-22 0.3300 - 909,173 - - 909,173 2021 cash bonus conversion - staff 01-Jul-21 01-Jul-22 0.3300 - 469,740 - - 469,740 Movement for the year ended 30 June 2022 30,801,865 9,192,451 (8,260,474 ) (506,456 ) 31,227,386 Movement in performance rights on issue for the year ended 30 June 2021 Grant Vesting Market Value per right at grant date Opening balance Issued Exercised Lapsed Closing balance date date $ Number Number Number Number Number Retention on employment - KMP (1) 08-Aug-19 14-Nov-19 0.1750 - 244,382 (244,382 ) - - Retention on employment- staff 01-Jul-19 01-Jul-20 0.1350 169,457 - (169,457 ) - - STI - KMP 01-Jul-19 01-Jul-20 0.1352 1,284,953 - (1,284,953 ) - - Retention on employment- staff 15-Jul-19 15-Jul-20 0.1850 256,156 - (256,156 ) - - Retention on employment - KMP (1) 08-Aug-19 14-Nov-20 0.1750 - 244,378 (244,378 ) - - Retention on employment - KMP 14-Nov-18 14-Nov-20 0.1750 244,378 - (244,378 ) - - Performance Rights - Class C - KMP 27-Nov-17 27-Nov-20 0.2250 486,425 - (486,425 ) - - Retention on employment- staff 06-May-19 06-May-21 0.1900 251,021 - (251,021 ) - - Catch-up LTIs - KMP 06-Nov-20 01-Jul-21 0.1885 - 2,766,272 - - 2,766,272 2020 cash bonus conversion - KMP 01-Jul-20 01-Jul-21 0.1242 - 1,334,562 - - 1,334,562 2020 cash bonus conversion - staff 01-Jul-20 01-Jul-21 0.1242 - 1,475,042 - - 1,475,042 Catch-up LTIs - KMP 08-Aug-19 01-Jul-21 0.1750 1,519,208 - - - 1,519,208 Retention on employment- staff 01-Jul-19 01-Jul-21 0.1350 169,457 - - - 169,457 Retention on employment- staff 15-Jul-19 15-Jul-21 0.1850 256,156 - - - 256,156 Retention on employment - KMP (1) 08-Aug-19 14-Nov-21 0.1750 - 244,378 - - 244,378 Retention on employment - KMP 08-Aug-19 14-Nov-21 0.1750 244,378 - - - 244,378 Retention on employment- staff 06-May-19 06-May-22 0.1900 251,021 - - - 251,021 2019 LTI - performance based - KMP 06-Nov-20 01-Jul-22 0.1695 - 1,659,763 - - 1,659,763 2019 LTI - time based - KMP 06-Nov-20 01-Jul-22 0.1950 - 1,106,509 - - 1,106,509 2019 LTI -performance based - KMP 01-Jul-20 01-Jul-22 0.1400 - 1,676,363 - - 1,676,363 LTI - KMP 08-Aug-19 01-Jul-22 0.1750 1,125,434 - - 1,125,434 Sign on Performance Rights - KMP 01-Jul-19 01-Jul-22 0.1352 956,145 - - - 956,145 Retention on employment- staff 01-Jul-19 01-Jul-22 0.1352 169,457 - - 169,457 Retention on employment- staff 15-Jul-19 15-Jul-22 0.1850 256,156 - - 256,156 Retention on employment- KMP 01-Aug-19 01-Aug-22 0.1862 741,120 - - 741,120 Retention on employment- staff 14-Oct-19 14-Oct-22 0.1835 169,699 - - 169,699 Retention on employment- staff 31-Mar-20 31-Mar-23 0.0850 555,435 - - (555,435 ) - Special award 30-Jun-20 30-Jun-23 0.1300 280,000 - - - 280,000 Special award 30-Jun-20 30-Jun-23 0.1300 200,000 - - - 200,000 2020 LTI - performance based - KMP 06-Nov-20 01-Jul-23 0.1665 - 2,016,774 - - 2,016,774 2020 LTI - time based - KMP 06-Nov-20 01-Jul-23 0.1950 - 1,344,516 - - 1,344,516 2020 LTI - performance based - staff 01-Jul-20 01-Jul-23 0.1370 - 1,588,715 - - 1,588,715 2020 LTI - time based - staff 01-Jul-20 01-Jul-23 0.1250 - 2,354,570 - - 2,354,570 2020 LTI - performance based - KMP 01-Jul-20 01-Jul-23 0.1370 - 3,642,025 - - 3,642,025 2020 LTI time based - KMP 01-Jul-20 01-Jul-23 0.1250 - 2,428,016 - - 2,428,016 Retention on employment- staff 30-Sep-20 30-Sep-23 0.1200 - 226,129 - - 226,129 Retention on employment- directors 01-Feb-21 01-Feb-24 0.3300 - 600,000 - - 600,000 Movement for the year ended 30 June 2021 9,586,056 24,952,394 (3,181,150 ) (555,435 ) 30,801,865 (1) These retention on employment awards represent 50% increase in entitlement due to an administrative error. For further details regarding the Equity Incentive Plan (2018) and the Option Plan refer to note 7.3. 5.2. Reserves 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Equity compensation reserve Balance at the beginning of period 10,381 8,446 8,711 Share based payment expensed/capitalised 3,300 2,516 1,233 Fair value of unlisted options exercised (4,616 ) - (1,076 ) Fair value of performance rights vested (1,360 ) (581 ) (422 ) Balance at the end of the financial period 7,705 10,381 8,446 Foreign currency translation reserve Balance at the beginning of period (6,649 ) 1,391 1,566 Foreign currency translation differences for foreign operations 12,836 (8,040 ) (175 ) Balance at the end of the financial period 6,187 (6,649 ) 1,391 Total reserves 13,892 3,732 9,837 The equity compensation reserve is used to recognise the value of equity settled share-based payments provided to employees, directors and consultants. The fair value of such compensation is measured using generally accepted valuation methodologies for pricing financial instruments, and incorporates all factors and assumptions that knowledgeable, willing market participants would consider in setting the price. The fair value of instruments granted is recognised as an expense or capitalised if appropriate over the vesting period with a corresponding increase in equity. The foreign currency translation reserve comprises all foreign exchange differences arising from the following: • The translation of the financial statements of foreign operations where the functional currency is different to the functional currency of the parent entity; and • Exchange differences arise on the translation of monetary items which form part of the net investment in the foreign operation.

Financial instruments

Financial instruments	12 Months Ended
	Jun. 30, 2022
Financial instruments [Abstract]
Financial instruments	Section 6. Financial instruments 6.1. Classification and measurement The carrying values of financial assets and liabilities of the Group approximate their fair value. The Group measures and recognises in the statement of financial position on a recurring basis certain assets and liabilities at fair value in accordance with IFRS 13 Fair value measurement. The fair value must be estimated for recognition and measurement or for disclosure purposes in accordance with the following hierarchy: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (as prices) or indirectly (derived from prices); and Level 3: Inputs for the asset or liabilities which are not based on observable market data (unobservable inputs). The Group has no financial assets where the carrying amount exceeds net fair values at balance date. The Group’s receivables at balance date are detailed in Section 4.2 of this report. 6.2. Financial risk management Framework The Group is involved in activities that expose it to a variety of financial risks including: a) Credit risk b) Liquidity risk c) Capital management risk d) Market risk related to commodity pricing, interest rates and currency fluctuations. The Board of Directors has overall responsibility for the establishment and oversight of the financial risk management framework of the Group. Management is responsible for monitoring the financial risks. The objective of the financial risk management strategy is to minimise the impact of volatility in financial markets on the financial performance, cash flows and shareholder returns. This requires the identification and analysis of relevant financial risks and possible impact on the achievement of the Group’s objectives. The Group does not undertake any hedging activities. a) Credit risk Credit risk is the risk of sustaining a financial loss as a result of the default by a counterparty to make full and timely payments on transactions which have been executed, after allowing for set-offs which are legally enforceable. Credit risk arises from investments in cash and cash equivalents with banks and credit exposure to customers and/or suppliers. Receivables and cash and cash equivalents represent the Group’s maximum exposure to credit risk. There are no trade receivables past due or impaired at the end of the reporting period (2021: Nil b) Liquidity risk Liquidity risk is the risk that the Group will not have sufficient liquidity to meet its financial obligations as they fall due. The Group manages liquidity risk by continually monitoring forecast and actual cash flows and matching maturity profiles of financial assets and liabilities. Short and long-term cash flow projections are prepared periodically and submitted to the Board. Less than 1 year 1-2 years 2-5 years More than 5 years Total Contractual cash flows Note $’000 $’000 $’000 $’000 $’000 Consolidated – 2022 Payables 4.6 12,752 - - - 12,752 Lease Liabilities 4.6 243 126 - - 369 Total 12,995 126 - - 13,121 Consolidated – 2021 Payables 4.6 6,630 - - - 6,630 Lease Liabilities 4.6 251 79 - - 330 Total 6,881 79 - - 6,960 c) Capital management risk The overriding objective of the Group’s capital management strategy is to increase shareholder returns whilst maintaining the flexibility to pursue the strategic initiatives within a prudent capital structure. The primary objective of the capital management policy is to ensure the Group maintains a strong credit rating and appropriate capital ratios to support the development of the Company’s assets. The Company manages its capital structure and makes adjustments to it in light of economic conditions. During the financial year the company undertook a capital raise through the issue of new shares. The Board believes that this capital raise secures the Company’s financial position until the ‘decision to mine’ stage of the Rhyolite Ridge Lithium-Boron Project. d) Market risk The method and assumptions remain consistent with prior periods. Foreign exchange risk The Group operates internationally and is exposed to foreign exchange risk arising from foreign currency exposures, primarily with respect to United States dollars. The Company operates bank accounts in US Dollars. Over 46% of the Company’s cash reserves are held in US Dollars. Average rate for the Spot rate at the end of the Exchange rates applied during the year: AUD / USD 0.7238 0.6896 2022 2021 Financial instruments denominated in United States dollars A$’000 A$’000 Financial assets Cash 63,334 61,992 Trade and other receivables 29 32 Financial liabilities Trade and other payables 12,163 5,954 Lease liabilities 270 118 An increase in the AUD:USD foreign exchange rate of 10% would result in a: • $5,750,000 increase in current year loss (30 June 2021: $5,636,000) and decrease US dollar currency bank balances. • $3,000 decrease in US dollar receivables (30 June 2021: $3,000) with nil impact on current year loss because the impact is taken to foreign currency translation reserve • $1,106,000 decrease in payables (30 June 2021: $538,000) A decrease in the AUD:USD foreign exchange rate of 10% would result in: • a $7,028,000 decrease in current year loss (30 June 2021: $6,888,000) and increase US dollar currency bank balances. • a $3,000 increase in US dollar receivables (30 June 2021: $4,000) with nil impact on current year loss because the impact is taken to foreign currency translation reserve. • a $1,351,000 increase in payables (30 June 2021: $657,000) with nil impact on current year loss because the difference is taken to foreign currency translation reserve. Interest rate risk The Company’s exposure to interest rate risk, which is the risk that a financial instrument’s value will fluctuate as a result of reasonable possible changes in the market interest rates arise in relation to the Company’s bank balances. The Company does not engage in any hedging or derivative transactions to manage interest rate risk. An increase of interest rates of 1% will result in a $1,291,000 (30 June 2021 $451,000) decrease in the current year loss and an increase in interest income related to cash deposits. A decrease of interest rates of 1% will result in a $1,291,000 (30 June 2021 $451,000) increase in current year loss and decrease in interest income related to cash deposits. Commodity price risk The Company is exposed to future commodity price risk. This risk arises from its activities directed at exploration and development of mineral commodities. If commodity prices fall, the market for companies exploring for these commodities is affected. The Company does not hedge its exposures.

Employee benefits and KMP discl

Employee benefits and KMP disclosures	12 Months Ended
	Jun. 30, 2022
Employee benefits and KMP disclosures [Abstract]
Employee benefits and KMP disclosures	Section 7. Employee benefits and KMP disclosures 7.1. Employee benefits expensed 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Non-Executive Director fees 565 489 883 Executive Director fees 732 402 - Employee benefits expense 3,298 2,974 3,498 Share-based payments 2,063 2,034 682 Total employee benefit expense 6,658 5,899 5,063 7.2. Key management personnel disclosure Key management personnel (KMP) comprised the following: 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Salary and Short-term incentive 4,221 3,545 3,818 Post-employment benefits 115 111 178 Share-based payments 2,349 2,397 986 Total payments to KMP 6,685 6,053 4,982 Transactions with directors and KMP With the exception of the disclosures within this note, no director or executive has entered into any material contracts with the Group since the end of the previous financial year and there were no material contracts involving directors’ or executive interests existing at year end. The Company has entered into indemnity deeds to indemnify executives of the Company against certain liabilities incurred in the course of performing their duties. 7.3. Share-based payments Share-based compensation is provided to employees via rights or options to acquire shares in the Company. As described in note 5.1 Share capital, the Company has two share schemes in operation. Under these plans, options or performance rights which may be converted into ordinary shares have been granted to non-executive directors, senior executives, employees and a number of consultants. The cost of these equity-settled transactions is determined by reference to the fair value at the date at which they are granted. The fair value of the options granted is determined using the Black & Scholes option pricing model. The fair value of the performance rights granted with time based hurdles is determined by using the 10 day VWAP of the Company’s fully paid share capital, up to and including the date the performance rights are granted, and for the performance based performance rights the fair value is determined by using a Monte Carlo model for the valuation of the performance rights subject to the relative performance hurdle and for those rights subject to the business objectives, the valuation is equal to the value of the share price at grant date, multiplied by the number of shares anticipated to vest. The cumulative expense recognised for equity-settled transactions at each reporting date reflects: i. the extent to which the vesting period has expired, and ii. the number of awards that, in the opinion of the directors of the Company, will ultimately vest. This opinion is formed based on the best available information at balance date. Where an equity-settled award is cancelled, the estimate is treated as if it had vested on the date of cancellation, and any expense not yet recognised for the award is recognised immediately. Each plan is described in more detail below. Equity Incentive Plan – established at the 2018 AGM A new Equity Incentive Plan was established following the AGM held on October 31 2018. The purpose of the new Equity Incentive Plan (“the Plan”) is to provide eligible persons the opportunity to participate in the growth and profits of the Company and to attract, motivate and retain their services to promote the Company’s long-term success. Under the terms of the Plan, the Board may at its discretion invite eligible persons to participate in a grant of awards. An award may be either an option or performance right, to acquire a share in the capital of the Company in accordance with the Plan rules. Options and rights issued under the terms and condition of the new ioneer Equity Incentive Plan are as follows: Type Key terms Expiry Date Options Non-Executive Directors The options were issued at an exercise price equal to the VWAP for the Company’s shares over the 10 trading days immediately before the date of the AGM. The options vest after 12 months and expire 60 months from the date of issue. Tranche 1: Nov 9 23 Tranche 2: Nov 14 24 Performance rights – time-based Retention on Employment • Agreements with early recruits included vesting in equal instalments after 12 24 36 months 3 years • Conditional on the achievement of continuing employment N/A Deferred STI • 12 month • Conditional on the achievement of continuing employment N/A Make-up LTI grants for 2017 & 2018 • 36 month • Conditional on the achievement of continuing employment N/A LTI grants • 36 month • Conditional on the achievement of continuing employment N/A Type Key terms Expiry Date Performance rights – performance-based LTI grants • 36 month • The Board will employ discretion in assessing Project results and determining vesting of performance units; below, at or above targets: o HSE: Top quartile HSE & Community performance (North American Mining Projects) o Construction: Construction schedule on pace for start-up as stated at FID o Ops Readiness: Operational readiness (hiring, policies, systems etc) on track o Cost Control: Project spend within margin established at FID o Share price: INR share price compared to comparator group • Unlike producing organizations with established operations that typically aim to deliver performance conditions tied to anticipated revenues, production levels and growth objectives, ioneer has a single pre-production project with less certainty or control over key deliverables. Providing the Board with the discretion to assess the extent of delivery, the importance/value of the various targets delivered (or not) allows the ability to balance shareholder expectations and KMP reward, motivation and retention. • The Board will employ discretion in assessing Project results and determining the vesting of performance units; below, at or above targets (up to 200 N/A Key features include: • The Board may at its discretion make invitations to or grant awards to eligible persons. • Award means an option or a performance right to acquire a Share in the capital of the Company. • Eligible Persons include executive directors or executive officers of the Group, employees, contractors or consultants of the group or any other person. • A participant may not sell or assign awards. • Within 30 days after the vesting date in respect of a vested performance right, the Company must either allocate shares or procure payment to the participant of a cash amount equal to the market price of the shares which would have otherwise been allocated. • At any time during the exercise period a participant may exercise any or all their vested options by paying the exercise price. Whilst there are a number of options and performance rights remaining on issue under the terms and conditions of previous schemes, no further options or rights will be issued under these pre-existing schemes which are described below. Share Option Plan The Group established a Share Option Plan in 2010 (and reconfirmed it at the 2016 AGM) to assist in the attraction, retention and motivation of KMP and in the retention of key consultants. Key features include: • Full or part time employees or consultants of the Group are eligible to participate. • Options issued pursuant to the plan will be issued free of charge. • Options are time based and there are no performance conditions. • Options cannot be transferred and are not quoted on the ASX. • Options expire if not exercised 90 days after a participant resigns from the Company. • The exercise price of the options, at grant date, shall be as the directors in their absolute discretion determine, provided the exercise price shall not be less than the weighted average of the last sale price of the Company’s shares on ASX at the close of business on each of the 5 business days immediately preceding the date on which the directors resolve to grant the options. • The directors may limit the total number of options which may be exercised under the plan in any year. A summary of options and performance rights on issue is set out in note 5.1.

Group structure

Group structure	12 Months Ended
	Jun. 30, 2022
Group structure [Abstract]
Group structure	Section 8. Group structure 8.1 Controlled entities 2022 2021 2020 Controlled entities of ioneer Ltd Note Country of incorporation ownership ownership interest ownership interest Ioneer USA Corporation USA 100 100 100 Ioneer Minerals Corporation USA 100 100 100 Ioneer Holdings USA Inc. USA 100 100 100 Ioneer Holdings Nevada Inc. USA 100 100 100 Gerlach Gold LLC USA 100 100 100 Paradigm AZ LLC USA 100 100 100 Ioneer Rhyolite Ridge Holdings LLC USA 100 - - Ioneer Rhyolite Ridge Midco LLC USA 100 - - Ioneer Rhyolite Ridge LLC USA 100 - - Ioneer SLP LLC USA 100 - - PGPL Minerals USA Pty Limited 1 Canada - - 100 PGPL Diamonds Pty Limited 1 Canada - - 100 ioneer Canada ULC Canada 100 100 - (1) These Canadian companies were amalgamated on January 1, 2021 to fom Ioneer Canada ULC.

Other disclosures

Other disclosures	12 Months Ended
	Jun. 30, 2022
Other disclosures [Abstract]
Other disclosures	Section 9. Other disclosures 9.1 Capital and other commitments 06/30/2022 06/30/2021 $’000 $’000 Payable within one year Water rights 302 274 Non-cancellable lease commitments 52 161 Exploration and evaluation expenditure commitments 245 176 Sub total 599 612 Payable after one year but not later than five years Water rights 496 553 Non-cancellable lease commitments 42 230 Exploration and evaluation expenditure commitments 491 353 Sub total 1,029 1,136 Payable later than five years Water rights - - Non-cancellable operating lease rental commitments - - Exploration and evaluation expenditure commitments - - Sub total - - Total commitments 1,628 1,748 Water rights The Company has secured water rights via exclusive options to enter into long-term leases. In addition, there is an option to purchase these water rights and associated land at any time at the Company’s sole election. This is a discretionary purchase and is excluded from the commitments disclosed above. Non-cancellable lease commitments Included within non-cancellable lease commitments is the lease of a neighbouring property to the Rhyolite Ridge Lithium-Boron Project. The Company has entered an option agreement to purchase this property. The cost of this discretionary purchase is excluded from the commitments disclosed above. Exploration licence expenditure requirements In order to maintain the Company’s tenements in good standing with the various mines departments and comply with the underlying option agreements, the Company will be required to pay annual claim maintenance fees. It is likely that the granting of new licenses and changes in license areas at renewal or expiry will change the expenditure commitment to the Company from time to time. 9.2 Contingent liabilities Settlement of Rhyolite Ridge The Company entered an option agreement to purchase Rhyolite Ridge from Boundary Peak Minerals LLC on 3 June 2016. The Company has made 4 progress payments to Boundary Peak under the agreement. A final payment will fall due following Board making a ‘decision to mine’ the Rhyolite Ridge property. Once this decision is made, the Company is required under the terms of the contract to either: • Pay Boundary Peak LLC US$3 million, or • Issue shares (or a mix of both shares and cash) to Boundary Peak LLC, to the equivalent of US$3 million at a fixed exchange rate of USD $0.75 = AUD$1.00. At the date of this report the decision to mine has not yet been made by the Company. There are no other known contingent liabilities as at 30 June 2022. 9.3 Related Party disclosures Non-key management personnel disclosures The Group has a related party relationship with its controlled entities, refer to note 8.2. The Company and its controlled entities engage in a variety of related party transactions in the ordinary course of business. These transactions are conducted on normal terms and conditions. Key management personnel disclosures For all related party transactions with key management personnel, refer to note 7.2, Key management personnel disclosures. 9.4 Events after reporting date In the period since 30 June 2022 and up to the date of this report, Julian Babarczy resigned as a Non-Executive Director and Stephen Gardiner was appointed. In addition, the Company announced binding lithium offtake agreements with Ford There has not been any other item, transaction or event of a material and unusual nature likely in the opinion of directors, to substantially affect the operations of the Group, the results of those operations or the state of affairs of the Group in subsequent financial years.

Basis of preparation (Policies)

Basis of preparation (Policies)	12 Months Ended
	Jun. 30, 2022
Basis of preparation [Abstract]
Basis of preparation	1.2. Basis of preparation • These financial statements comply with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board ('IASB'), including new or amended accounting standards effective for reporting periods beginning July 1 2021. • Unless otherwise stated, the accounting policies disclosed have been consistently applied. • The financial report has been prepared on a historical cost basis. • The financial statements have been presented in Australian dollars which is the parent entity’s functional currency. • The financial statements have been prepared on the going concern basis which assumes the company and consolidated entity will have sufficient cash to pay its debts as and when they become payable for a period of at least 12 months from the date the financial report was authorised for issue.
New and amended accounting standards and interpretations	1.3. New and amended accounting standards and interpretations The Group has adopted all the new or amended Accounting Standards and Interpretations issued by the International Accounting Standards Board (“IASB”) that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the Group. The following standards and interpretations that have recently been issued but are not yet mandatory, have not been early adopted by the Group for the annual reporting period ended 30 June 2022. The Group’s assessment of the impact of these new or amended Accounting Standards and Interpretations, which are most relevant to the Group are set out below: Classification of Liabilities as Current or Non-current (IAS 1) A liability is classified as current if the entity has no right at the end of the reporting period to defer settlement for at least 12 months after the reporting period. The IASB issued amendments to IAS 1 Presentation of Financial Statements to clarify the requirements for classifying liabilities as current or non-current. Specifically: • The amendments specify that the conditions which exist at the end of the reporting period are those which will be used to determine if a right to defer settlement of a liability exists. • Management intention or expectation does not affect classification of liabilities. • In cases where an instrument with a conversion option is classified as a liability, the transfer of equity instruments would constitute settlement of the liability for the purpose of classifying it as current or non-current. These amendments had no material impact on the financial statements. Amendments to IAS 8 – Disclosure of Accounting Estimates The definition of a change in accounting estimates is replaced with a definition of accounting estimates. Under the new definition, accounting estimates are “monetary amounts in financial statements that are subject to measurement uncertainty”. Entities develop accounting estimates if accounting policies require items in financial statements to be measured in a way that involves measurement uncertainty. These amendments had no material impact on the financial statements. Amendments to IAS 12 - Deferred Tax related to Assets and Liabilities arising from a Single Transaction The initial recognition exemption has been narrowed such that it no longer applies to transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. These amendments had no material impact on the financial statements.
Basis of consolidation	1.4. Basis of consolidation Controlled entities Controlled entities are entities controlled by the Company. Control exists when the Company has the power, directly or indirectly to govern the financial and operating policies of an entity so as to obtain benefits from its operations. The financial statements of controlled entities are included in the consolidated financial statements from the date control commences until the date that control ceases. With the exception of the wind up of three Canadian entities during the financial year there has been no change in the control of any subsidiaries during the financial period. All subsidiaries are 100% owned by the Company (2021: 100%). Transactions eliminated on consolidation All inter-company balances and transactions, including unrealised profits arising from intra-group transactions, have been eliminated in full. Accounting policies The financial statements of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies.
Critical accounting estimates and judgements	1.5. Critical accounting estimates and judgements The preparation of these financial statements in conformity with International Financial Reporting Standards has required management to make judgements, estimates and assumptions which impact the application of policies and reported amounts of assets and liabilities, income and expenses. These estimates and associated assumptions are based on historical knowledge and various other factors that are believed to be reasonable in the circumstance. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed regularly and revisions to accounting estimates are reviewed in the period in which the estimate is revised. The most significant estimates and assumptions which have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year relate to: Reserve estimates Reserves are estimates of the amount of product that can be economically and legally extracted, processed and sold from the Groups properties under current and foreseeable economic conditions. The group determines and reports reserves under the standards incorporated in the Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves, 2012 edition (the JORC code). The SEC generally requires disclosure of mining reserves in accordance with Regulation S-K, Subpart 1300. The determination of ore reserves includes estimates and assumptions about a range of geological, technical and economic factors including quantities, grades, production techniques, recovery rates, commodity prices and exchange rates. Change in ore reserve impact the assessment of recoverability of exploration and evaluation assets. Estimating the quantity and /or grade of reserves requires the size, shape and depth of ore to be determined by analysing geological data. This process may require complex and difficult judgements to interpret the data. Exploration and evaluation assets The Group’s policy for exploration and evaluation expenditure is set out in note 4.5. The application of this policy requires certain judgements, estimates and assumptions as to the future events and circumstances, in particular the assessment of whether economic quantities of reserves will be found. Any such estimates and assumptions may change as new information becomes available. If, after capitalisation of expenditure under the policy, it is concluded that the capitalised expenditure will not be recovered by future exploitation or sale, then the relevant amount will be written off in the statement of profit or loss. Changes in assumptions may result in a material adjustment to the carrying amount of exploration and evaluation assets. Share-based payment transactions The Group measures the cost of equity-settled transactions with employees by reference to the fair value of the equity investments at the date on which they are granted. Additional information is set out in note 7.3, Share-based payments.
Foreign Currency Transactions and Balances	1.6. Foreign Currency Transactions and Balances Functional and presentation currency The functional currency of each of the Group’s entities is measured using the currency of the primary economic environment in which that entity operates. The functional currency of the entities in the Group is predominantly US Dollars, with the exception of ioneer Limited, which has a functional currency of Australian Dollars. The consolidated financial statements continue to be presented in Australian dollars, which is the parent entity’s functional currency. However, in FY2023 it is the Group’s intention to change the presentation currency to United States Dollars. Transactions and balances Foreign currency transactions are translated at the foreign exchange rate at the date of the transaction. Monetary assets and liabilities denominated in a foreign currency at the end of the reporting period are translated at the year-end exchange rate. Exchange differences arising on the translation of monetary items are recognised in the statement of profit or loss. Non-monetary items measured at historical cost continue to be carried at the exchange rate at the date of the transaction. Exchange differences arising on the translation of non-monetary items are recognised directly in other comprehensive income to the extent that the underlying gain or loss is recognised in other comprehensive income; otherwise the exchange difference is recognised in profit or loss. Presentation of foreign exchange gains and losses in the statement of profit or loss The Group presents its foreign exchange gains and losses within net financing income /expense in the statement of profit or loss.

Financial performance (Tables)

Financial performance (Tables)	12 Months Ended
	Jun. 30, 2022
Financial performance [Abstract]
Segment Information	Segment information provided to the CODM: Segment information North America Australia Total 2022 2021 2020 2022 2021 2020 2022 2021 2020 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 Exploration expenditure - non core (24 ) (48 ) (81 ) - - - (24 ) (48 ) (81 ) Other income / (expenses) (3,997 ) - 138 (5,880 ) - - (9,877 ) - 138 Reportable segment profit / (loss) (4,021 ) (48 ) 57 (5,880 ) - - (9,901 ) (48 ) 57 Employee benefits and other expenses (1,832 ) (3,366 ) (2,841 ) (4,826 ) (5,541 ) (5,472 ) (6,658 ) (8,907 ) (8,313 ) Net financing income / (expense) 4 (2,880 ) 1 3,972 1,509 2,809 3,976 (1,371 ) 2,810 Net loss before income tax (5,849 ) (6,294 ) (2,783 ) (6,734 ) (4,032 ) (2,663 ) (12,583 ) (10,326 ) (5,446 ) Segment assets Exploration assets 171,819 114,375 94,824 - - - 171,819 114,375 94,824 Other assets 8,931 18,019 9,764 128,488 65,996 29,230 137,419 84,015 38,994 Total assets 180,750 132,394 104,588 128,488 65,996 29,230 309,238 198,390 133,818 Segment liabilities Payables 11,813 5,857 2,095 1,182 1,024 1,002 12,995 6,881 3,097 Provisions 480 215 189 241 160 82 721 375 271 Total current liabilities 12,293 6,072 2,284 1,423 1,184 1,084 13,716 7,256 3,368 Payables 126 - 404 - 79 - 126 79 404 Total non-current liabilities 126 - 404 - 79 - 126 79 404 Total liabilities 12,419 6,072 2,688 1,423 1,263 1,084 13,842 7,335 3,772 Net assets 168,331 126,322 101,900 127,065 64,733 28,146 295,396 191,055 130,046
Other Income	06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 2.2. Other income Write back of reclamation bonds - - 138 Total other income - - 138
Impairment	2.3. Impairment write-off Exploration expenditure written off (24 ) (48 ) (81 ) Total impairment (24 ) (48 ) (81 )
Other Expenses	2.4. Other expenses General and administrative expenses 4,133 1,805 1,874 Consulting and professional costs 5,504 967 1,224 Depreciation and amortisation 240 236 152 Total other expenses 9,877 3,008 3,250
Net Finance Costs	2.5. Net finance costs Interest income from external providers 85 39 721 Other revenue 68 58 - Net foreign exchange gain 3,847 - 2,117 Finance income 4,000 97 2,838 Bank charges (17 ) (20 ) (20 ) Net foreign exchange loss - (1,436 ) - Lease interest (7 ) (12 ) (8 ) Finance costs (24 ) (1,468 ) (28 ) Net finance income / (costs) 3,976 (1,371 ) 2,810
Earnings per Share	2.6. Earnings per share 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Earnings used in calculating earnings per share Basic and diluted loss (12,583 ) (10,326 ) (5,446 ) Weighted average number of ordinary shares used as the denominator Number Number Number Issued ordinary shares - opening balance 1,896,676,204 1,680,202,466 1,474,983,509 Effect of shares issued 117,750,170 69,056,018 122,026,219 Weighted average number of ordinary shares 2,014,426,374 1,749,258,484 1,597,009,728 Weighted average number of ordinary shares (diluted) Weighted average number of ordinary shares at 30 June for basic EPS 2,014,426,374 1,749,258,484 1,597,009,728 Effect of dilution from options and rights on issue - - - Weighted average number of ordinary shares adjusted for effect of dilution 2,014,426,374 1,749,258,484 1,597,009,728 Cents Cents Cents Basic loss per share attributable to the ordinary equity holders of the company (0.62 ) (0.59 ) (0.34 ) Diluted loss per share attributable to the ordinary equity holders of the company (0.62 ) (0.59 ) (0.34 )

Taxation (Tables)

Taxation (Tables)	12 Months Ended
	Jun. 30, 2022
Taxation [Abstract]
Income Tax Provision and Reconciliation of Income Tax Provision	3.1. Taxation 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Tax expense comprises: Income tax Current tax benefit / (expense) - - - Tax expense related to movements in deferred tax balances - - - Total tax (expense) / benefit - - - Numerical reconciliation between tax (expense) / benefit and pre-tax net result: Loss before tax (12,583 ) (10,326 ) (5,446 ) Prima facie taxation benefit at 30 (3,775 ) (3,098 ) (1,634 ) Decrease / (increase) in income tax benefit due to: Non-deductible expenses 1,501 728 287 Foreign exchange and other translation adjustments (1,177 ) 432 (616 ) Additional tax deductible expenditure (190 ) (113 ) (82 ) Unrecognised tax losses relating to current year 3,859 2,160 2,142 Adjustments for prior years (218 ) (109 ) (97 ) Income tax (expense) / benefit - - -
Deferred Tax	Deferred tax relates to the following 06/30/2022 $’000 Deferred tax relates to the following Foreign exchange gain/loss (1,177 ) Losses available for offsetting against future taxable income 1,177 Net deferred tax asset - The Group has tax losses for which no deferred tax asset has been recognised on the Statement of Financial Position that amounted to $37.6 million.
Non-recognized Tax Losses	Jurisdiction 06/30/2022 Australia USA Canada AUD$'000 US$'000 CAD$'000 Non-recognised tax losses - revenue Balance at the beginning of the period 17,608 8,977 216 Movement during the period 3,536 2,853 3 Balance at the end of the period 21,144 11,830 219 AUD$'000 US$'000 CAD$'000 Non-recognised tax losses - capital Balance at the beginning of the period 7,307 - - Movement during the period - - - Balance at the end of the period 7,307 - - Total revenue and capital losses not recognised 28,451 11,830 219

Invested and working capital (T

Invested and working capital (Tables)	12 Months Ended
	Jun. 30, 2022
Invested and working capital [Abstract]
Cash Assets	4.1. Cash assets 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Cash at bank 100,276 83,078 17,386 Short term deposits 36,292 - 20,882 Total cash assets 136,568 83,078 38,268 Cash flow reconciliation Reconciliation of net cash outflow from operating activities to operating loss after tax Loss for the period (12,583 ) (10,326 ) (5,446 ) Adjustments to reconcile profit to net cash flows: Depreciation 7 13 53 Other income - - (138 ) Exploration expenditure written-off 24 48 81 Share-based payments 2,063 2,034 682 Net foreign exchange differences - unrealised (6,316 ) 1,437 (2,116 ) Interest income (85 ) (39 ) (721 ) Interest expense 7 - - Lease liabilities 221 107 103 Change in assets and liabilities during the financial year: Decrease / (Increase) in trade and other receivables 163 (230 ) (243 ) Increase in accounts payable 1,403 469 972 Net cash used in operating activities (15,096 ) (6,487 ) (6,773 )
Receivables	4.2. Receivables 06/30/2022 06/30/2021 $’000 $’000 Current Interest receivable 16 - Other debtors 155 29 Prepayments 42 330 Total current trade and other receivables 213 359 Non-current Other debtors 282 266 Total non-current trade and other receivables 282 266 Total current and non-current trade and other receivables 495 625
Information Related to Plant and Equipment	4.3. Plant and equipment Plant and equipment - at cost 89 84 Less accumulated depreciation (89 ) (81 ) Total plant and equipment - 3 Reconciliation of the movement Opening balance 3 9 Additions 4 6 Depreciation expense (7 ) (12 ) Closing balance - 3
Right of Use Asset	4.4. Right of Use Asset 06/30/2022 06/30/2021 $ ’000 $ ’000 Premises - at cost 511 465 Less accumulated amortisation (155 ) (156 ) Total Right of Use Asset 356 309 Reconciliation of the movement Opening balance 309 322 Additions 281 230 Disposals - (177 ) Amortisation expense (234 ) (45 ) Foreign exchange translation difference - (21 ) Closing balance 356 309
Exploration and Evaluation Expenditure	06/30/2022 06/30/2021 $’000 $’000 Exploration and evaluation expenditure 171,819 114,375 Reconciliation of movement Opening balance 114,375 94,824 Additions - Rhyolite Ridge 46,474 27,805 Exploration expenditure - non core 970 293 Exploration expenditure - written off (309 ) (285 ) Foreign exchange translation difference 10,309 (8,262 ) Carrying amount at the end of the financial year 171,819 114,375
Payables	4.6. Payables Current Trade creditors and other payables 11,423 5,462 Accrued expenses 1,329 1,168 Lease Liabilities 243 251 Total current payables 12,995 6,881 Non-current Lease Liabilities 126 79 Total non-current payables 126 79 Total current and non-current payables 13,121 6,960
Provisions	Employee entitlements 06/30/2022 06/30/2021 $’000 $’000 Current Provision for employee benefits 721 375 Total provisions 721 375

Capital structure (Tables)

Capital structure (Tables)	12 Months Ended
	Jun. 30, 2022
Capital structure [Abstract]
Issued Capital	Ordinary shares 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 2,091,299,420 337,494 230,730 153,290
Movement in Issued Capital	Year ended 06/30/2022 Year ended 06/30/2021 Year ended 06/30/2020 Year ended 06/30/2022 Year ended 06/30/2021 Year ended 06/30/2020 Number Number Number $’000 $’000 $’000 Reconciliation of movement: Balance at the beginning of the financial year 1,896,676,204 1,680,202,466 1,474,983,509 230,730 153,290 113,013 Ordinary shares 145,862,742 210,526,316 200,000,000 95,584 80,000 40,000 Ordinary shares non-cash - 2,766,272 - - 374 - Exercise of unlisted options (1) 40,500,000 - 3,750,000 12,517 - 1,654 Performance rights vested (2) 8,260,474 3,181,150 1,468,957 1,360 581 422 Share issue costs - - - (2,697 ) (3,515 ) (1,799 ) Balance at the end of the financial period 2,091,299,420 1,896,676,204 1,680,202,466 337,494 230,730 153,290 (1) Value of unlisted options exercised equals the sum of the exercise price received plus the fair value transferred from the equity compensation reserve (2) Ordinary shares issued to employees upon vesting of performance rights
Movement in Options on Issue	Movement in options on issue for the year ended June 30 2022 Grant Vesting Expiry FV per option at grant date Exercise price Opening balance Closing balance date date date $ $ Issued Exercised Expired NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.122 0.150 16,000,000 - (16,000,000 ) - - NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.113 0.200 12,000,000 - (12,000,000 ) - - NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.106 0.250 12,000,000 - (12,000,000 ) - - NED's (1) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - (200,000 ) - - Ex-NED's (2) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - - (200,000 ) - NED's (1) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - (200,000 ) - - Ex-NED's (2) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - - (200,000 ) - NED's (1) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - (100,000 ) - - Ex-NED's (2) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - - (100,000 ) - NED's (1) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 Ex-NED's (2) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 NED's (1) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 Ex-NED's (2) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 NED's (1)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 978,969 - - - 978,969 Ex-NED's (2)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 652,646 - - - 652,646 Movement for the year ended June 30 2022 45,369,643 - (40,500,000 ) (500,000 ) 4,369,643 Movement in options on issue for the year ended June 30 2021 Grant Vesting Expiry FV per option at grant date Exercise price Opening balance Closing balance date date date $ $ Issued Exercised Expired NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.122 0.150 16,000,000 - - - 16,000,000 NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.113 0.200 12,000,000 - - - 12,000,000 NED's (1) 13-Apr-17 13-Apr-17 13-Apr-22 0.106 0.250 12,000,000 - - - 12,000,000 NED's (1) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - - - 200,000 Ex-NED's (2) 13-Apr-17 23-May-18 23-May-22 0.063 0.200 200,000 - - - 200,000 NED's (1) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - - - 200,000 Ex-NED's (2) 13-Apr-17 23-May-19 23-May-22 0.088 0.200 200,000 - - - 200,000 NED's (1) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - - - 100,000 Ex-NED's (2) 13-Apr-17 23-May-20 23-May-22 0.105 0.200 100,000 - - - 100,000 NED's (1) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 Ex-NED's (2) 09-Nov-18 09-Nov-19 09-Nov-23 0.126 0.242 715,420 - - - 715,420 NED's (1) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 Ex-NED's (2) 14-Nov-19 14-Nov-20 14-Nov-24 0.138 0.243 653,594 - - - 653,594 NED's (1)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 - 978,969 - - 978,969 Ex-NED's (2)(3) 06-Nov-20 06-Nov-21 06-Nov-25 0.138 0.185 - 652,646 - - 652,646 Movement for the year ended June 30 2021 43,738,028 1,631,615 - - 45,369,643 (1) NED’s refers to Non-executive directors. (2) Ex-NED’s refers to former Non-executive directors. (3) During the financial year ended June 30, 2021 each non-executive director was granted 326,323 options under the new Equity Incentive Plan in lieu of director fees. For further details refer to the remuneration report.
Movement in Performance Rights on Issue	Movement in performance rights on issue for the year ended 30 June 2022 Grant Vesting Market Value per right at grant date Opening balance Issued Exercised Forfeited Closing balance date date $ Number Number Number Number Number Catch-up LTIs - KMP 06-Nov-20 01-Jul-21 0.1885 2,766,272 - (2,766,272 ) - - 2020 cash bonus conversion - KMP 01-Jul-20 01-Jul-21 0.1242 1,334,562 - (1,334,562 ) - - 2020 cash bonus conversion - staff 01-Jul-20 01-Jul-21 0.1242 1,475,042 - (1,475,042 ) - - Catch-up LTIs - KMP 08-Aug-19 01-Jul-21 0.1750 1,519,208 - (1,519,208 ) - - Retention on employment- staff 01-Jul-19 01-Jul-21 0.1350 169,457 - (169,457 ) - - Retention on employment- staff 15-Jul-19 15-Jul-21 0.1850 256,156 - (256,156 ) - - Retention on employment - KMP (1) 08-Aug-19 14-Nov-21 0.1750 244,378 - (244,378 ) - - Retention on employment - KMP 08-Aug-19 14-Nov-21 0.1750 244,378 - (244,378 ) - - Retention on employment- staff 06-May-19 06-May-22 0.1900 251,021 - (251,021 ) - - 2019 LTI - performance based - KMP 06-Nov-20 01-Jul-22 0.1695 1,659,763 - - - 1,659,763 2019 LTI - time based - KMP 06-Nov-20 01-Jul-22 0.1950 1,106,509 - - - 1,106,509 2019 LTI -performance based - KMP 01-Jul-20 01-Jul-22 0.1400 1,676,363 - - - 1,676,363 LTI - KMP 08-Aug-19 01-Jul-22 0.1750 1,125,434 - - - 1,125,434 Sign on Performance Rights - KMP 01-Jul-19 01-Jul-22 0.1352 956,145 - - - 956,145 Retention on employment- staff 01-Jul-19 01-Jul-22 0.1352 169,457 - - - 169,457 Retention on employment- staff 15-Jul-19 15-Jul-22 0.1850 256,156 - - - 256,156 Retention on employment- KMP 01-Aug-19 01-Aug-22 0.1862 741,120 - - - 741,120 Retention on employment- staff 14-Oct-19 14-Oct-22 0.1835 169,699 - - (169,699 ) - Special award 30-Jun-20 30-Jun-23 0.1300 280,000 - - - 280,000 Special award 30-Jun-20 30-Jun-23 0.1300 200,000 - - - 200,000 2020 LTI - performance based - KMP 06-Nov-20 01-Jul-23 0.1665 2,016,774 - - - 2,016,774 2020 LTI - time based - KMP 06-Nov-20 01-Jul-23 0.1950 1,344,516 - - - 1,344,516 2020 LTI - performance based - staff 01-Jul-20 01-Jul-23 0.1370 1,588,715 - - (61,460 ) 1,527,255 2020 LTI - time based - staff 01-Jul-20 01-Jul-23 0.1250 2,354,570 - - (184,380 ) 2,170,190 2020 LTI - performance based - KMP 01-Jul-20 01-Jul-23 0.1370 3,642,025 - - - 3,642,025 2020 LTI time based - KMP 01-Jul-20 01-Jul-23 0.1250 2,428,016 - - - 2,428,016 Retention on employment- staff 30-Sep-20 30-Sep-23 0.1200 226,129 - - - 226,129 Retention on employment- directors 01-Feb-21 01-Feb-24 0.3300 600,000 - - - 600,000 2021 LTI - performance based - KMP 01-Jul-21 01-Jul-24 0.3710 - 1,458,852 - - 1,458,852 2021 LTI - time based - KMP 01-Jul-21 01-Jul-24 0.3300 - 972,569 - - 972,569 Retention on employment- staff 01-Jul-21 01-Jul-24 0.3300 - 679,146 - - 679,146 2021 LTI - performance based - staff 26-Aug-21 01-Jul-24 0.4570 - 627,854 - (22,729 ) 605,125 2021 LTI - time based - staff 26-Aug-21 01-Jul-24 0.5100 - 1,096,228 - (68,188 ) 1,028,040 2021 LTI - performance based - KMP 05-Nov-21 01-Jul-24 0.7240 - 1,567,975 - - 1,567,975 2021 LTI time based - KMP 05-Nov-21 01-Jul-24 0.7900 - 1,045,316 - - 1,045,316 2021 LTI time based - directors 05-Nov-21 05-Nov-22 0.7900 - 250,598 - - 250,598 Retention on employment- staff 16-Nov-21 16-Nov-24 0.7050 - 115,000 - - 115,000 2021 cash bonus conversion - KMP 01-Jul-21 01-Jul-22 0.3300 - 909,173 - - 909,173 2021 cash bonus conversion - staff 01-Jul-21 01-Jul-22 0.3300 - 469,740 - - 469,740 Movement for the year ended 30 June 2022 30,801,865 9,192,451 (8,260,474 ) (506,456 ) 31,227,386 Movement in performance rights on issue for the year ended 30 June 2021 Grant Vesting Market Value per right at grant date Opening balance Issued Exercised Lapsed Closing balance date date $ Number Number Number Number Number Retention on employment - KMP (1) 08-Aug-19 14-Nov-19 0.1750 - 244,382 (244,382 ) - - Retention on employment- staff 01-Jul-19 01-Jul-20 0.1350 169,457 - (169,457 ) - - STI - KMP 01-Jul-19 01-Jul-20 0.1352 1,284,953 - (1,284,953 ) - - Retention on employment- staff 15-Jul-19 15-Jul-20 0.1850 256,156 - (256,156 ) - - Retention on employment - KMP (1) 08-Aug-19 14-Nov-20 0.1750 - 244,378 (244,378 ) - - Retention on employment - KMP 14-Nov-18 14-Nov-20 0.1750 244,378 - (244,378 ) - - Performance Rights - Class C - KMP 27-Nov-17 27-Nov-20 0.2250 486,425 - (486,425 ) - - Retention on employment- staff 06-May-19 06-May-21 0.1900 251,021 - (251,021 ) - - Catch-up LTIs - KMP 06-Nov-20 01-Jul-21 0.1885 - 2,766,272 - - 2,766,272 2020 cash bonus conversion - KMP 01-Jul-20 01-Jul-21 0.1242 - 1,334,562 - - 1,334,562 2020 cash bonus conversion - staff 01-Jul-20 01-Jul-21 0.1242 - 1,475,042 - - 1,475,042 Catch-up LTIs - KMP 08-Aug-19 01-Jul-21 0.1750 1,519,208 - - - 1,519,208 Retention on employment- staff 01-Jul-19 01-Jul-21 0.1350 169,457 - - - 169,457 Retention on employment- staff 15-Jul-19 15-Jul-21 0.1850 256,156 - - - 256,156 Retention on employment - KMP (1) 08-Aug-19 14-Nov-21 0.1750 - 244,378 - - 244,378 Retention on employment - KMP 08-Aug-19 14-Nov-21 0.1750 244,378 - - - 244,378 Retention on employment- staff 06-May-19 06-May-22 0.1900 251,021 - - - 251,021 2019 LTI - performance based - KMP 06-Nov-20 01-Jul-22 0.1695 - 1,659,763 - - 1,659,763 2019 LTI - time based - KMP 06-Nov-20 01-Jul-22 0.1950 - 1,106,509 - - 1,106,509 2019 LTI -performance based - KMP 01-Jul-20 01-Jul-22 0.1400 - 1,676,363 - - 1,676,363 LTI - KMP 08-Aug-19 01-Jul-22 0.1750 1,125,434 - - 1,125,434 Sign on Performance Rights - KMP 01-Jul-19 01-Jul-22 0.1352 956,145 - - - 956,145 Retention on employment- staff 01-Jul-19 01-Jul-22 0.1352 169,457 - - 169,457 Retention on employment- staff 15-Jul-19 15-Jul-22 0.1850 256,156 - - 256,156 Retention on employment- KMP 01-Aug-19 01-Aug-22 0.1862 741,120 - - 741,120 Retention on employment- staff 14-Oct-19 14-Oct-22 0.1835 169,699 - - 169,699 Retention on employment- staff 31-Mar-20 31-Mar-23 0.0850 555,435 - - (555,435 ) - Special award 30-Jun-20 30-Jun-23 0.1300 280,000 - - - 280,000 Special award 30-Jun-20 30-Jun-23 0.1300 200,000 - - - 200,000 2020 LTI - performance based - KMP 06-Nov-20 01-Jul-23 0.1665 - 2,016,774 - - 2,016,774 2020 LTI - time based - KMP 06-Nov-20 01-Jul-23 0.1950 - 1,344,516 - - 1,344,516 2020 LTI - performance based - staff 01-Jul-20 01-Jul-23 0.1370 - 1,588,715 - - 1,588,715 2020 LTI - time based - staff 01-Jul-20 01-Jul-23 0.1250 - 2,354,570 - - 2,354,570 2020 LTI - performance based - KMP 01-Jul-20 01-Jul-23 0.1370 - 3,642,025 - - 3,642,025 2020 LTI time based - KMP 01-Jul-20 01-Jul-23 0.1250 - 2,428,016 - - 2,428,016 Retention on employment- staff 30-Sep-20 30-Sep-23 0.1200 - 226,129 - - 226,129 Retention on employment- directors 01-Feb-21 01-Feb-24 0.3300 - 600,000 - - 600,000 Movement for the year ended 30 June 2021 9,586,056 24,952,394 (3,181,150 ) (555,435 ) 30,801,865 (1) These retention on employment awards represent 50% increase in entitlement due to an administrative error.
Reserves	5.2. Reserves 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Equity compensation reserve Balance at the beginning of period 10,381 8,446 8,711 Share based payment expensed/capitalised 3,300 2,516 1,233 Fair value of unlisted options exercised (4,616 ) - (1,076 ) Fair value of performance rights vested (1,360 ) (581 ) (422 ) Balance at the end of the financial period 7,705 10,381 8,446 Foreign currency translation reserve Balance at the beginning of period (6,649 ) 1,391 1,566 Foreign currency translation differences for foreign operations 12,836 (8,040 ) (175 ) Balance at the end of the financial period 6,187 (6,649 ) 1,391 Total reserves 13,892 3,732 9,837

Financial instruments (Tables)

Financial instruments (Tables)	12 Months Ended
	Jun. 30, 2022
Financial instruments [Abstract]
Managing Liquidity Risk by Continually Monitoring Forecast and Actual Cash Flows	The Group manages liquidity risk by continually monitoring forecast and actual cash flows and matching maturity profiles of financial assets and liabilities. Short and long-term cash flow projections are prepared periodically and submitted to the Board. Less than 1 year 1-2 years 2-5 years More than 5 years Total Contractual cash flows Note $’000 $’000 $’000 $’000 $’000 Consolidated – 2022 Payables 4.6 12,752 - - - 12,752 Lease Liabilities 4.6 243 126 - - 369 Total 12,995 126 - - 13,121 Consolidated – 2021 Payables 4.6 6,630 - - - 6,630 Lease Liabilities 4.6 251 79 - - 330 Total 6,881 79 - - 6,960
Financial Assets and Liabilities	The Company operates bank accounts in US Dollars. Over 46% of the Company’s cash reserves are held in US Dollars. Average rate for the Spot rate at the end of the Exchange rates applied during the year: AUD / USD 0.7238 0.6896 2022 2021 Financial instruments denominated in United States dollars A$’000 A$’000 Financial assets Cash 63,334 61,992 Trade and other receivables 29 32 Financial liabilities Trade and other payables 12,163 5,954 Lease liabilities 270 118

Employee benefits and KMP dis_2

Employee benefits and KMP disclosures (Tables)	12 Months Ended
	Jun. 30, 2022
Employee benefits and KMP disclosures [Abstract]
Employee Benefits Expensed	7.1. Employee benefits expensed 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Non-Executive Director fees 565 489 883 Executive Director fees 732 402 - Employee benefits expense 3,298 2,974 3,498 Share-based payments 2,063 2,034 682 Total employee benefit expense 6,658 5,899 5,063
Key Management Personnel	Key management personnel (KMP) comprised the following: 06/30/2022 06/30/2021 06/30/2020 $’000 $’000 $’000 Salary and Short-term incentive 4,221 3,545 3,818 Post-employment benefits 115 111 178 Share-based payments 2,349 2,397 986 Total payments to KMP 6,685 6,053 4,982

Group structure (Tables)

Group structure (Tables)	12 Months Ended
	Jun. 30, 2022
Group structure [Abstract]
Controlled entities	8.1 Controlled entities 2022 2021 2020 Controlled entities of ioneer Ltd Note Country of incorporation ownership ownership interest ownership interest Ioneer USA Corporation USA 100 100 100 Ioneer Minerals Corporation USA 100 100 100 Ioneer Holdings USA Inc. USA 100 100 100 Ioneer Holdings Nevada Inc. USA 100 100 100 Gerlach Gold LLC USA 100 100 100 Paradigm AZ LLC USA 100 100 100 Ioneer Rhyolite Ridge Holdings LLC USA 100 - - Ioneer Rhyolite Ridge Midco LLC USA 100 - - Ioneer Rhyolite Ridge LLC USA 100 - - Ioneer SLP LLC USA 100 - - PGPL Minerals USA Pty Limited 1 Canada - - 100 PGPL Diamonds Pty Limited 1 Canada - - 100 ioneer Canada ULC Canada 100 100 - (1) These Canadian companies were amalgamated on January 1, 2021 to fom Ioneer Canada ULC.

Other disclosures (Tables)

Other disclosures (Tables)	12 Months Ended
	Jun. 30, 2022
Other disclosures [Abstract]
Capital and Other Commitments	9.1 Capital and other commitments 06/30/2022 06/30/2021 $’000 $’000 Payable within one year Water rights 302 274 Non-cancellable lease commitments 52 161 Exploration and evaluation expenditure commitments 245 176 Sub total 599 612 Payable after one year but not later than five years Water rights 496 553 Non-cancellable lease commitments 42 230 Exploration and evaluation expenditure commitments 491 353 Sub total 1,029 1,136 Payable later than five years Water rights - - Non-cancellable operating lease rental commitments - - Exploration and evaluation expenditure commitments - - Sub total - - Total commitments 1,628 1,748

Basis of preparation (Details)

Basis of preparation (Details) - Entity	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Basis of preparation [Abstract]
Number of canadian controlled entities	3
Ownership interest	100%	100%

Financial performance, Operatin

Financial performance, Operating Segments (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2022 AUD ($) Customer	Jun. 30, 2021 AUD ($) Customer	Jun. 30, 2020 AUD ($) Customer
Segment information [Abstract]
Exploration expenditure - non core	$ (24)	$ (48)	$ (81)
Other income / (expenses)	(9,877)	0	138
Reportable segment profit / (loss)	(9,901)	(48)	57
Employee benefits and other expenses	(6,658)	(8,907)	(8,313)
Net financing income / (expense)	3,976	(1,371)	2,810
Loss for the year	(12,583)	(10,326)	(5,446)
Segment assets [Abstract]
Exploration assets	171,819	114,375	94,824
Other assets	137,419	84,015	38,994
Total assets	309,238	198,390	133,818
Segment liabilities [Abstract]
Payables	12,995	6,881	3,097
Provisions	721	375	271
Total current liabilities	13,716	7,256	3,368
Payables	126	79	404
Total Non-current liabilities	126	79	404
Total liabilities	13,842	7,335	3,772
Net assets	$ 295,396	$ 191,055	$ 130,046
Number of major customers | Customer	0	0	0
Revenues	$ 0	$ 0	$ 0
Operating Segments [member] | North America [Member]
Segment information [Abstract]
Exploration expenditure - non core	(24)	(48)	(81)
Other income / (expenses)	(3,997)	0	138
Reportable segment profit / (loss)	(4,021)	(48)	57
Employee benefits and other expenses	(1,832)	(3,366)	(2,841)
Net financing income / (expense)	4	(2,880)	1
Loss for the year	(5,849)	(6,294)	(2,783)
Segment assets [Abstract]
Exploration assets	171,819	114,375	94,824
Other assets	8,931	18,019	9,764
Total assets	180,750	132,394	104,588
Segment liabilities [Abstract]
Payables	11,813	5,857	2,095
Provisions	480	215	189
Total current liabilities	12,293	6,072	2,284
Payables	126	0	404
Total Non-current liabilities	126	0	404
Total liabilities	12,419	6,072	2,688
Net assets	168,331	126,322	101,900
Operating Segments [member] | Australia [Member]
Segment information [Abstract]
Exploration expenditure - non core	0	0	0
Other income / (expenses)	(5,880)	0	0
Reportable segment profit / (loss)	(5,880)	0	0
Employee benefits and other expenses	(4,826)	(5,541)	(5,472)
Net financing income / (expense)	3,972	1,509	2,809
Loss for the year	(6,734)	(4,032)	(2,663)
Segment assets [Abstract]
Exploration assets	0	0	0
Other assets	128,488	65,996	29,230
Total assets	128,488	65,996	29,230
Segment liabilities [Abstract]
Payables	1,182	1,024	1,002
Provisions	241	160	82
Total current liabilities	1,423	1,184	1,084
Payables	0	79	0
Total Non-current liabilities	0	79	0
Total liabilities	1,423	1,263	1,084
Net assets	$ 127,065	$ 64,733	$ 28,146

Financial performance, Other In

Financial performance, Other Income (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Financial performance [Abstract]
Write back of reclamation bonds	$ 0	$ 0	$ 138
Other income	$ 0	$ 0	$ 138

Financial performance, Impairme

Financial performance, Impairment Write-off (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Financial performance [Abstract]
Exploration expenditure written off	$ (24)	$ (48)	$ (81)
Total impairment	$ (24)	$ (48)	$ (81)

Financial performance, Other Ex

Financial performance, Other Expenses (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Financial performance [Abstract]
General and administrative expenses	$ 4,133	$ 1,805	$ 1,874
Consulting and professional costs	5,504	967	1,224
Depreciation and amortisation	240	236	152
Total other expenses	$ 9,877	$ 3,008	$ 3,250

Financial performance, Net Fina

Financial performance, Net Finance Costs (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Financial performance [Abstract]
Interest income from external providers	$ 85	$ 39	$ 721
Other revenue	68	58	0
Net foreign exchange gain	3,847	0	2,117
Finance income	4,000	97	2,838
Bank charges	(17)	(20)	(20)
Net foreign exchange loss	0	(1,436)	0
Lease interest	(7)	(12)	(8)
Finance costs	(24)	(1,468)	(28)
Net finance income / (costs)	$ 3,976	$ (1,371)	$ 2,810

Financial performance, Earnings

Financial performance, Earnings per Share (Details) - AUD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Earnings used in calculating earnings per share [Abstract]
Basic and diluted loss	$ (12,583)	$ (10,326)	$ (5,446)
Weighted average number of ordinary shares used as the denominator [Abstract]
Issued ordinary shares - opening balance (in shares)	1,896,676,204	1,680,202,466	1,474,983,509
Effect of shares issued (in shares)	117,750,170	69,056,018	122,026,219
Weighted average number of ordinary shares (in shares)	2,014,426,374	1,749,258,484	1,597,009,728
Effect of dilution from options and rights on issue (in shares)	0	0	0
Weighted average number of ordinary shares at 30 June for basic EPS (in shares)	2,014,426,374	1,749,258,484	1,597,009,728
Basic loss per share attributable to the ordinary equity holders of the company (in dollars per share)	$ (0.62)	$ (0.59)	$ (0.34)
Diluted loss per share attributable to the ordinary equity holders of the company (in dollars per share)	$ (0.62)	$ (0.59)	$ (0.34)
Effect of dilution from options and rights (in shares)	35,597,029	76,171,508	53,324,084

Taxation, Income Tax Provision

Taxation, Income Tax Provision and Reconciliation of Income Tax Provision (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Tax expense comprises income tax [Abstract]
Current tax benefit / (expense)	$ 0	$ 0	$ 0
Tax expense related to movements in deferred tax balances	0	0	0
Income tax (expense) / benefit	0	0	0
Numerical reconciliation between tax (expense) / benefit and pre-tax net result [Abstract]
Loss before tax	(12,583)	(10,326)	(5,446)
Prima facie taxation benefit at 30%	(3,775)	(3,098)	(1,634)
Decrease / (increase) in income tax benefit due to [Abstract]
Non-deductible expenses	1,501	728	287
Foreign exchange and other translation adjustments	(1,177)	432	(616)
Additional tax deductible expenditure	(190)	(113)	(82)
Unrecognized tax losses relating to current year	3,859	2,160	2,142
Adjustments for prior years	(218)	(109)	(97)
Income tax (expense) / benefit	$ 0	$ 0	$ 0
Percentage of tax benefit	30%

Taxation, Deferred Tax (Details

Taxation, Deferred Tax (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2022 AUD ($)
Deferred Tax [Abstract]
Foreign exchange gain/loss	$ (1,177)
Losses available for offsetting against future taxable income	1,177
Net deferred tax assets	0
Increase (decrease) in deferred tax	$ 37,600

Taxation, Non-recognised Tax Lo

Taxation, Non-recognised Tax Losses (Details) - 12 months ended Jun. 30, 2022 $ in Thousands, $ in Thousands, $ in Thousands	AUD ($)	USD ($)	CAD ($)
Non-recognized tax losses - revenue [Abstract]
Balance at the beginning of the period	$ 17,608	$ 8,977	$ 216
Movement during the period	3,536	2,853	3
Balance at the end of the period	21,144	11,830	219
Non-recognized tax losses - capital [Abstract]
Balance at the beginning of the period	7,307	0	0
Movement during the period	0	0	0
Balance at the end of the period	7,307	0	0
Total revenue and capital losses not recognized	$ 28,451	$ 11,830	$ 219

Invested and working capital, C

Invested and working capital, Cash Assets (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Cash assets [Abstract]
Cash at bank	$ 100,276	$ 83,078	$ 17,386
Short term deposits	36,292	0	20,882
Total cash assets	136,568	83,078	38,268	$ 48,604
Reconciliation of net cash outflow from operating activities to operating loss after tax [Abstract]
Loss for the period	(12,583)	(10,326)	(5,446)
Adjustments to reconcile profit to net cash flows [Abstract]
Depreciation	7	13	53
Other income	0	0	(138)
Exploration expenditure written-off	24	48	81
Share-based payments	2,063	2,034	682
Net foreign exchange differences - unrealised	(6,316)	1,437	(2,116)
Interest income	(85)	(39)	(721)
Interest expense	7	0	0
Lease liabilities	221	107	103
Change in assets and liabilities during the financial year [Abstract]
Decrease / (Increase) in trade and other receivables	163	(230)	(243)
Increase in accounts payable	1,403	469	972
Net cash flows used in operating activities (inclusive of GST)	$ (15,096)	$ (6,487)	$ (6,773)

Invested and working capital, R

Invested and working capital, Receivables (Details) - AUD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Current [Abstract]
Interest receivable	$ 16	$ 0
Other debtors	155	29
Prepayments	42	330
Total current trade and other receivables	213	359
Non-current [Abstract]
Other debtors	282	266
Total non-current trade and other receivables	282	266
Total current and non-current trade and other receivables	$ 495	$ 625

Invested and working capital, P

Invested and working capital, Plant and Equipment (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Plant and equipment [Abstract]
Total plant and equipment	$ 0	$ 3
Reconciliation of the movement [Abstract]
Opening balance	3	9
Additions	4	6
Depreciation expense	(7)	(12)
Closing balance	$ 0	3
Bottom of Range [Member]
Reconciliation of the movement [Abstract]
Plant and equipment useful life	1 year
Top of Range [Member]
Reconciliation of the movement [Abstract]
Plant and equipment useful life	4 years
At Cost [Member]
Plant and equipment [Abstract]
Total plant and equipment	$ 89	84
Reconciliation of the movement [Abstract]
Opening balance	84
Closing balance	89	84
Accumulated Depreciation [Member]
Plant and equipment [Abstract]
Total plant and equipment	(89)	(81)
Reconciliation of the movement [Abstract]
Opening balance	(81)
Closing balance	$ (89)	$ (81)

Invested and working capital,_2

Invested and working capital, Right of Use Asset (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Right of Use Asset [Abstract]
Right of use asset	$ 356	$ 309
Reconciliation of the movement [Abstract]
Opening balance	309	322
Additions	281	230
Disposals	0	(177)
Amortisation expense	(234)	(45)
Foreign exchange translation difference	0	(21)
Closing balance	356	309
At Cost [Member]
Right of Use Asset [Abstract]
Right of use asset	511	465
Reconciliation of the movement [Abstract]
Opening balance	465
Closing balance	511	465
Accumulated Amortisation [Member]
Right of Use Asset [Abstract]
Right of use asset	(155)	(156)
Reconciliation of the movement [Abstract]
Opening balance	(156)
Closing balance	$ (155)	$ (156)

Invested and working capital, E

Invested and working capital, Exploration and Evaluation Expenditure (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Invested and working capital [Abstract]
Exploration and evaluation expenditure	$ 171,819	$ 114,375
Reconciliation of movement [Abstract]
Opening balance	114,375	94,824
Additions - Rhyolite Ridge	46,474	27,805
Exploration expenditure - non core	970	293
Exploration expenditure - written off	(309)	(285)
Foreign exchange translation difference	10,309	(8,262)
Carrying amount at the end of the financial year	$ 171,819	$ 114,375

Invested and working capital,_3

Invested and working capital, Payables (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Current [Abstract]
Trade creditors and other payables	$ 11,423	$ 5,462
Accrued expenses	1,329	1,168
Lease Liabilities	243	251
Total current payables	12,995	6,881	$ 3,097
Non-current [Abstract]
Lease Liabilities	126	79
Total non-current payables	126	79	$ 404
Total current and non-current payables	$ 13,121	$ 6,960
Bottom of Range [Member]
Non-current [Abstract]
Current liability term period	30 days
Top of Range [Member]
Non-current [Abstract]
Current liability term period	60 days

Invested and working capital,_4

Invested and working capital, Provisions (Details) - AUD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Current [Abstract]
Provisions for employee benefits	$ 721	$ 375
Total provisions	$ 721	$ 375	$ 271

Capital structure, Share Capita

Capital structure, Share Capital, Issued Capital (Details) - AUD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019
Ordinary shares [Abstract]
2,091,299,420 (2021: 1,896,676,204) ordinary shares, fully paid	$ 337,494	$ 230,730	$ 153,290	$ 113,013
Number of ordinary shares issued, fully paid (in shares)	2,091,299,420	1,896,676,204	1,680,202,466	1,474,983,509

Capital structure, Share Capi_2

Capital structure, Share Capital, Movement in Issued Capital (Details) $ in Thousands		12 Months Ended
		Jun. 30, 2022 AUD ($) Vote shares	Jun. 30, 2021 AUD ($) shares	Jun. 30, 2020 AUD ($) shares
Reconciliation of movement [Abstract]
Balance at the beginning of the financial year (in shares)		1,896,676,204	1,680,202,466	1,474,983,509
Balance at the beginning of the financial year | $		$ 230,730	$ 153,290	$ 113,013
Ordinary shares (in shares)		145,862,742	210,526,316	200,000,000
Ordinary shares | $		$ 95,584	$ 80,000	$ 40,000
Ordinary shares non-cash (in shares)		0	2,766,272	0
Ordinary shares non-cash | $		$ 0	$ 374	$ 0
Exercise of unlisted options (in shares)	[1]	40,500,000	0	3,750,000
Exercise of unlisted options | $	[1]	$ 12,517	$ 0	$ 1,654
Performance rights vested (in shares)	[2]	8,260,474	3,181,150	1,468,957
Performance rights vested | $	[2]	$ 1,360	$ 581	$ 422
Share issue costs | $		$ (2,697)	$ (3,515)	$ (1,799)
Balance at the end of the financial period (in shares)		2,091,299,420	1,896,676,204	1,680,202,466
Balance at the end of the financial period | $		$ 337,494	$ 230,730	$ 153,290
Number of votes by member or proxy | Vote		1
Number of votes per share | Vote		1
Equity Incentive Plan [Member]
Reconciliation of movement [Abstract]
Performance rights vested (in shares)			2,694,725
Performance Rights Plan [Member]
Reconciliation of movement [Abstract]
Performance rights vested (in shares)			486,425
[1]Value of unlisted options exercised equals the sum of the exercise price received plus the fair value transferred from the equity compensation reserve[2]Ordinary shares issued to employees upon vesting of performance rights

Capital structure, Share Scheme

Capital structure, Share Schemes, Movement in Options on Issue (Details)		12 Months Ended
		Jun. 30, 2022 shares ShareSchemes $ / shares	Jun. 30, 2021 shares $ / shares
Share schemes [Abstract]
Number of share schemes | ShareSchemes		2
Share Options [Member]
Movement in shares options on issue [Abstract]
Opening balance (in shares)		45,369,643	43,738,028
Issued (in shares)		0	1,631,615
Exercised (in shares)		(40,500,000)	0
Expired (in shares)		(500,000)	0
Closing balance (in shares)		4,369,643	45,369,643
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	13-Apr-17	13-Apr-17
Vesting date	[1]	Apr. 13, 2017	Apr. 13, 2017
Expiry date	[1]	Apr. 13, 2022	Apr. 13, 2022
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.122	$ 0.122
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.15	$ 0.15
Opening balance (in shares)	[1]	16,000,000	16,000,000
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	(16,000,000)	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	16,000,000
Number of share options granted under new equity incentive plan (in shares)			326,323
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	13-Apr-17	13-Apr-17
Vesting date	[1]	Apr. 13, 2017	Apr. 13, 2017
Expiry date	[1]	Apr. 13, 2022	Apr. 13, 2022
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.113	$ 0.113
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.2	$ 0.2
Opening balance (in shares)	[1]	12,000,000	12,000,000
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	(12,000,000)	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	12,000,000
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	13-Apr-17	13-Apr-17
Vesting date	[1]	Apr. 13, 2017	Apr. 13, 2017
Expiry date	[1]	Apr. 13, 2022	Apr. 13, 2022
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.106	$ 0.106
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.25	$ 0.25
Opening balance (in shares)	[1]	12,000,000	12,000,000
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	(12,000,000)	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	12,000,000
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	13-Apr-17	13-Apr-17
Vesting date	[1]	May 23, 2018	May 23, 2018
Expiry date	[1]	May 23, 2022	May 23, 2022
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.063	$ 0.063
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.2	$ 0.2
Opening balance (in shares)	[1]	200,000	200,000
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	(200,000)	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	200,000
Share Options [Member] | Ex-NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[2]	13-Apr-17	13-Apr-17
Vesting date	[2]	May 23, 2018	May 23, 2018
Expiry date	[2]	May 23, 2022	May 23, 2022
FV per option at grant date (in dollars per share) | $ / shares	[2]	$ 0.063	$ 0.063
Exercise price (in dollars per share) | $ / shares	[2]	$ 0.2	$ 0.2
Opening balance (in shares)	[2]	200,000	200,000
Issued (in shares)	[2]	0	0
Exercised (in shares)	[2]	0	0
Expired (in shares)	[2]	(200,000)	0
Closing balance (in shares)	[2]	0	200,000
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	13-Apr-17	13-Apr-17
Vesting date	[1]	May 23, 2019	May 23, 2019
Expiry date	[1]	May 23, 2022	May 23, 2022
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.088	$ 0.088
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.2	$ 0.2
Opening balance (in shares)	[1]	200,000	200,000
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	(200,000)	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	200,000
Share Options [Member] | Ex-NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[2]	13-Apr-17	13-Apr-17
Vesting date	[2]	May 23, 2019	May 23, 2019
Expiry date	[2]	May 23, 2022	May 23, 2022
FV per option at grant date (in dollars per share) | $ / shares	[2]	$ 0.088	$ 0.088
Exercise price (in dollars per share) | $ / shares	[2]	$ 0.2	$ 0.2
Opening balance (in shares)	[2]	200,000	200,000
Issued (in shares)	[2]	0	0
Exercised (in shares)	[2]	0	0
Expired (in shares)	[2]	(200,000)	0
Closing balance (in shares)	[2]	0	200,000
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	13-Apr-17	13-Apr-17
Vesting date	[1]	May 23, 2020	May 23, 2020
Expiry date	[1]	May 23, 2022	May 23, 2022
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.105	$ 0.105
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.2	$ 0.2
Opening balance (in shares)	[1]	100,000	100,000
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	(100,000)	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	100,000
Share Options [Member] | Ex-NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[2]	13-Apr-17	13-Apr-17
Vesting date	[2]	May 23, 2020	May 23, 2020
Expiry date	[2]	May 23, 2022	May 23, 2022
FV per option at grant date (in dollars per share) | $ / shares	[2]	$ 0.105	$ 0.105
Exercise price (in dollars per share) | $ / shares	[2]	$ 0.2	$ 0.2
Opening balance (in shares)	[2]	100,000	100,000
Issued (in shares)	[2]	0	0
Exercised (in shares)	[2]	0	0
Expired (in shares)	[2]	(100,000)	0
Closing balance (in shares)	[2]	0	100,000
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	09-Nov-18	09-Nov-18
Vesting date	[1]	Nov. 09, 2019	Nov. 09, 2019
Expiry date	[1]	Nov. 09, 2023	Nov. 09, 2023
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.126	$ 0.126
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.242	$ 0.242
Opening balance (in shares)	[1]	715,420	715,420
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	0	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	715,420	715,420
Share Options [Member] | Ex-NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[2]	09-Nov-18	09-Nov-18
Vesting date	[2]	Nov. 09, 2019	Nov. 09, 2019
Expiry date	[2]	Nov. 09, 2023	Nov. 09, 2023
FV per option at grant date (in dollars per share) | $ / shares	[2]	$ 0.126	$ 0.126
Exercise price (in dollars per share) | $ / shares	[2]	$ 0.242	$ 0.242
Opening balance (in shares)	[2]	715,420	715,420
Issued (in shares)	[2]	0	0
Exercised (in shares)	[2]	0	0
Expired (in shares)	[2]	0	0
Closing balance (in shares)	[2]	715,420	715,420
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1]	14-Nov-19	14-Nov-19
Vesting date	[1]	Nov. 14, 2020	Nov. 14, 2020
Expiry date	[1]	Nov. 14, 2024	Nov. 14, 2024
FV per option at grant date (in dollars per share) | $ / shares	[1]	$ 0.138	$ 0.138
Exercise price (in dollars per share) | $ / shares	[1]	$ 0.243	$ 0.243
Opening balance (in shares)	[1]	653,594	653,594
Issued (in shares)	[1]	0	0
Exercised (in shares)	[1]	0	0
Expired (in shares)	[1]	0	0
Closing balance (in shares)	[1]	653,594	653,594
Share Options [Member] | Ex-NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[2]	14-Nov-19	14-Nov-19
Vesting date	[2]	Nov. 14, 2020	Nov. 14, 2020
Expiry date	[2]	Nov. 14, 2024	Nov. 14, 2024
FV per option at grant date (in dollars per share) | $ / shares	[2]	$ 0.138	$ 0.138
Exercise price (in dollars per share) | $ / shares	[2]	$ 0.243	$ 0.243
Opening balance (in shares)	[2]	653,594	653,594
Issued (in shares)	[2]	0	0
Exercised (in shares)	[2]	0	0
Expired (in shares)	[2]	0	0
Closing balance (in shares)	[2]	653,594	653,594
Share Options [Member] | NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[1],[3]	06-Nov-20	06-Nov-20
Vesting date	[1],[3]	Nov. 06, 2021	Nov. 06, 2021
Expiry date	[1],[3]	Nov. 06, 2025	Nov. 06, 2025
FV per option at grant date (in dollars per share) | $ / shares	[1],[3]	$ 0.138	$ 0.138
Exercise price (in dollars per share) | $ / shares	[1],[3]	$ 0.185	$ 0.185
Opening balance (in shares)	[1],[3]	978,969	0
Issued (in shares)	[1],[3]	0	978,969
Exercised (in shares)	[1],[3]	0	0
Expired (in shares)	[1],[3]	0	0
Closing balance (in shares)	[1],[3]	978,969	978,969
Share Options [Member] | Ex-NED's [Member]
Movement in shares options on issue [Abstract]
Grant date	[2],[3]	06-Nov-20	06-Nov-20
Vesting date	[2],[3]	Nov. 06, 2021	Nov. 06, 2021
Expiry date	[2],[3]	Nov. 06, 2025	Nov. 06, 2025
FV per option at grant date (in dollars per share) | $ / shares	[2],[3]	$ 0.138	$ 0.138
Exercise price (in dollars per share) | $ / shares	[2],[3]	$ 0.185	$ 0.185
Opening balance (in shares)	[2],[3]	652,646	0
Issued (in shares)	[2],[3]	0	652,646
Exercised (in shares)	[2],[3]	0	0
Expired (in shares)	[2],[3]	0	0
Closing balance (in shares)	[2],[3]	652,646	652,646
[1]NED’s refers to Non-executive directors.[2]Ex-NED’s refers to former Non-executive directors.[3]During the financial year ended June 30, 2021 each non-executive director was granted 326,323 options under the new Equity Incentive Plan in lieu of director fees.  For further details refer to the remuneration report.

Capital structure, Share Sche_2

Capital structure, Share Schemes, Movement in Performance Rights on Issue (Details)		12 Months Ended
		Jun. 30, 2022 shares $ / shares	Jun. 30, 2021 shares $ / shares
Movement in performance rights on issue [Abstract]
Percentage of increase in entitlement due to administrative error			50%
Performance Rights [Member]
Movement in performance rights on issue [Abstract]
Opening balance (in shares)		30,801,865	9,586,056
Issued (in shares)		9,192,451	24,952,394
Exercised (in shares)		(8,260,474)	(3,181,150)
Forfeited (in shares)		(506,456)	(555,435)
Closing balance (in shares)		31,227,386	30,801,865
Performance Rights [Member] | Catch-up LTIs - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		06-Nov-20	06-Nov-20
Vesting date		Jul. 01, 2021	Jul. 01, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1885	$ 0.1885
Opening balance (in shares)		2,766,272	0
Issued (in shares)		0	2,766,272
Exercised (in shares)		(2,766,272)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	2,766,272
Performance Rights [Member] | 2020 Cash Bonus Conversion - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2021	Jul. 01, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1242	$ 0.1242
Opening balance (in shares)		1,334,562	0
Issued (in shares)		0	1,334,562
Exercised (in shares)		(1,334,562)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	1,334,562
Performance Rights [Member] | 2020 Cash Bonus Conversion - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2021	Jul. 01, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1242	$ 0.1242
Opening balance (in shares)		1,475,042	0
Issued (in shares)		0	1,475,042
Exercised (in shares)		(1,475,042)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	1,475,042
Performance Rights [Member] | Catch-up LTIs - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		08-Aug-19	08-Aug-19
Vesting date		Jul. 01, 2021	Jul. 01, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.175	$ 0.175
Opening balance (in shares)		1,519,208	1,519,208
Issued (in shares)		0	0
Exercised (in shares)		(1,519,208)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	1,519,208
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date			01-Jul-19
Vesting date			Jul. 01, 2020
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.135
Opening balance (in shares)		0	169,457
Issued (in shares)			0
Exercised (in shares)			(169,457)
Forfeited (in shares)			0
Closing balance (in shares)			0
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date			15-Jul-19
Vesting date			Jul. 15, 2020
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.185
Opening balance (in shares)		0	256,156
Issued (in shares)			0
Exercised (in shares)			(256,156)
Forfeited (in shares)			0
Closing balance (in shares)			0
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date	[1]		08-Aug-19
Vesting date	[1]		Nov. 14, 2019
Market Value per right at grant date (in dollars per share) | $ / shares	[1]		$ 0.175
Opening balance (in shares)	[1]	0	0
Issued (in shares)	[1]		244,382
Exercised (in shares)	[1]		(244,382)
Forfeited (in shares)	[1]		0
Closing balance (in shares)	[1]		0
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date	[1]		08-Aug-19
Vesting date	[1]		Nov. 14, 2020
Market Value per right at grant date (in dollars per share) | $ / shares	[1]		$ 0.175
Opening balance (in shares)	[1]	0	0
Issued (in shares)	[1]		244,378
Exercised (in shares)	[1]		(244,378)
Forfeited (in shares)	[1]		0
Closing balance (in shares)	[1]		0
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date			06-May-19
Vesting date			May 06, 2021
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.19
Opening balance (in shares)		0	251,021
Issued (in shares)			0
Exercised (in shares)			(251,021)
Forfeited (in shares)			0
Closing balance (in shares)			0
Performance Rights [Member] | 2019 LTI - Performance Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		06-Nov-20	06-Nov-20
Vesting date		Jul. 01, 2022	Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1695	$ 0.1695
Opening balance (in shares)		1,659,763	0
Issued (in shares)		0	1,659,763
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		1,659,763	1,659,763
Performance Rights [Member] | 2019 LTI - Time Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		06-Nov-20	06-Nov-20
Vesting date		Jul. 01, 2022	Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.195	$ 0.195
Opening balance (in shares)		1,106,509	0
Issued (in shares)		0	1,106,509
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		1,106,509	1,106,509
Performance Rights [Member] | 2019 LTI - Performance Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2022	Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.14	$ 0.14
Opening balance (in shares)		1,676,363	0
Issued (in shares)		0	1,676,363
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		1,676,363	1,676,363
Performance Rights [Member] | LTI - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		08-Aug-19	08-Aug-19
Vesting date		Jul. 01, 2022	Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.175	$ 0.175
Opening balance (in shares)		1,125,434	1,125,434
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		0
Closing balance (in shares)		1,125,434	1,125,434
Performance Rights [Member] | Sign on Performance Rights - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-19	01-Jul-19
Vesting date		Jul. 01, 2022	Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1352	$ 0.1352
Opening balance (in shares)		956,145	956,145
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		956,145	956,145
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-19	01-Jul-19
Vesting date		Jul. 01, 2021	Jul. 01, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.135	$ 0.135
Opening balance (in shares)		169,457	169,457
Issued (in shares)		0	0
Exercised (in shares)		(169,457)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	169,457
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		15-Jul-19	15-Jul-19
Vesting date		Jul. 15, 2021	Jul. 15, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.185	$ 0.185
Opening balance (in shares)		256,156	256,156
Issued (in shares)		0	0
Exercised (in shares)		(256,156)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	256,156
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Aug-19
Vesting date		Aug. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1862
Opening balance (in shares)		741,120
Issued (in shares)		0
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		741,120	741,120
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		06-May-19	06-May-19
Vesting date		May 06, 2022	May 06, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.19	$ 0.19
Opening balance (in shares)		251,021	251,021
Issued (in shares)		0	0
Exercised (in shares)		(251,021)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	251,021
Performance Rights [Member] | Special Award [Member]
Movement in performance rights on issue [Abstract]
Grant date		30-Jun-20	30-Jun-20
Vesting date		Jun. 30, 2023	Jun. 30, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.13	$ 0.13
Opening balance (in shares)		280,000	280,000
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		280,000	280,000
Performance Rights [Member] | Special Award [Member]
Movement in performance rights on issue [Abstract]
Grant date		30-Jun-20	30-Jun-20
Vesting date		Jun. 30, 2023	Jun. 30, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.13	$ 0.13
Opening balance (in shares)		200,000	200,000
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		200,000	200,000
Performance Rights [Member] | 2020 LTI - Performance Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		06-Nov-20	06-Nov-20
Vesting date		Jul. 01, 2023	Jul. 01, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1665	$ 0.1665
Opening balance (in shares)		2,016,774	0
Issued (in shares)		0	2,016,774
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		2,016,774	2,016,774
Performance Rights [Member] | 2020 LTI - Time Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		06-Nov-20	06-Nov-20
Vesting date		Jul. 01, 2023	Jul. 01, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.195	$ 0.195
Opening balance (in shares)		1,344,516	0
Issued (in shares)		0	1,344,516
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		1,344,516	1,344,516
Performance Rights [Member] | 2020 LTI - Performance Based - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2023	Jul. 01, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.137	$ 0.137
Opening balance (in shares)		1,588,715	0
Issued (in shares)		0	1,588,715
Exercised (in shares)		0	0
Forfeited (in shares)		(61,460)	0
Closing balance (in shares)		1,527,255	1,588,715
Performance Rights [Member] | 2020 LTI - Time Based - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2023	Jul. 01, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.125	$ 0.125
Opening balance (in shares)		2,354,570	0
Issued (in shares)		0	2,354,570
Exercised (in shares)		0	0
Forfeited (in shares)		(184,380)	0
Closing balance (in shares)		2,170,190	2,354,570
Performance Rights [Member] | 2020 LTI - Performance Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2023	Jul. 01, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.137	$ 0.137
Opening balance (in shares)		3,642,025	0
Issued (in shares)		0	3,642,025
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		3,642,025	3,642,025
Performance Rights [Member] | 2020 LTI - Time Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-20	01-Jul-20
Vesting date		Jul. 01, 2023	Jul. 01, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.125	$ 0.125
Opening balance (in shares)		2,428,016	0
Issued (in shares)		0	2,428,016
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		2,428,016	2,428,016
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-19	01-Jul-19
Vesting date		Jul. 01, 2022	Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1352	$ 0.1352
Opening balance (in shares)		169,457	169,457
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		0
Closing balance (in shares)		169,457	169,457
Performance Rights [Member] | Retention on Employment - Directors [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Feb-21	01-Feb-21
Vesting date		Feb. 01, 2024	Feb. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.33	$ 0.33
Opening balance (in shares)		600,000	0
Issued (in shares)		0	600,000
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		600,000	600,000
Performance Rights [Member] | 2021 LTI - Performance Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.371
Opening balance (in shares)		0
Issued (in shares)		1,458,852
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		1,458,852	0
Performance Rights [Member] | 2021 LTI - Time Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.33
Opening balance (in shares)		0
Issued (in shares)		972,569
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		972,569	0
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		15-Jul-19	15-Jul-19
Vesting date		Jul. 15, 2022	Jul. 15, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.185	$ 0.185
Opening balance (in shares)		256,156	256,156
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		0
Closing balance (in shares)		256,156	256,156
Performance Rights [Member] | 2021 LTI - Performance Based - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		26-Aug-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.457
Opening balance (in shares)		0
Issued (in shares)		627,854
Exercised (in shares)		0
Forfeited (in shares)		(22,729)
Closing balance (in shares)		605,125	0
Performance Rights [Member] | 2021 LTI - Time Based - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		26-Aug-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.51
Opening balance (in shares)		0
Issued (in shares)		1,096,228
Exercised (in shares)		0
Forfeited (in shares)		(68,188)
Closing balance (in shares)		1,028,040	0
Performance Rights [Member] | 2021 LTI - Performance Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		05-Nov-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.724
Opening balance (in shares)		0
Issued (in shares)		1,567,975
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		1,567,975	0
Performance Rights [Member] | 2021 LTI - Time Based - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		05-Nov-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.79
Opening balance (in shares)		0
Issued (in shares)		1,045,316
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		1,045,316	0
Performance Rights [Member] | 2021 LTI Time Based - Directors [Member]
Movement in performance rights on issue [Abstract]
Grant date		05-Nov-21
Vesting date		Nov. 05, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.79
Opening balance (in shares)		0
Issued (in shares)		250,598
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		250,598	0
Performance Rights [Member] | Retention on Employment- Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		14-Oct-19	14-Oct-19
Vesting date		Oct. 14, 2022	Oct. 14, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.1835	$ 0.1835
Opening balance (in shares)		169,699	169,699
Issued (in shares)		0	0
Exercised (in shares)		0	0
Forfeited (in shares)		(169,699)
Closing balance (in shares)		0	169,699
Performance Rights [Member] | 2021 Cash Bonus Conversion - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-21
Vesting date		Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.33
Opening balance (in shares)		0
Issued (in shares)		909,173
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		909,173	0
Performance Rights [Member] | 2021 Cash Bonus Conversion - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-21
Vesting date		Jul. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.33
Opening balance (in shares)		0
Issued (in shares)		469,740
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		469,740	0
Performance Rights [Member] | STI - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date			01-Jul-19
Vesting date			Jul. 01, 2020
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.1352
Opening balance (in shares)		0	1,284,953
Issued (in shares)			0
Exercised (in shares)			(1,284,953)
Forfeited (in shares)			0
Closing balance (in shares)			0
Performance Rights [Member] | Performance Rights - Class C - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date			27-Nov-17
Vesting date			Nov. 27, 2020
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.225
Opening balance (in shares)		0	486,425
Issued (in shares)			0
Exercised (in shares)			(486,425)
Forfeited (in shares)			0
Closing balance (in shares)			0
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date	[1]	08-Aug-19	08-Aug-19
Vesting date	[1]	Nov. 14, 2021	Nov. 14, 2021
Market Value per right at grant date (in dollars per share) | $ / shares	[1]	$ 0.175	$ 0.175
Opening balance (in shares)	[1]	244,378	0
Issued (in shares)	[1]	0	244,378
Exercised (in shares)	[1]	(244,378)	0
Forfeited (in shares)	[1]	0	0
Closing balance (in shares)	[1]	0	244,378
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date		08-Aug-19	08-Aug-19
Vesting date		Nov. 14, 2021	Nov. 14, 2021
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.175	$ 0.175
Opening balance (in shares)		244,378	244,378
Issued (in shares)		0	0
Exercised (in shares)		(244,378)	0
Forfeited (in shares)		0	0
Closing balance (in shares)		0	244,378
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date			01-Aug-19
Vesting date			Aug. 01, 2022
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.1862
Opening balance (in shares)		741,120	741,120
Issued (in shares)			0
Exercised (in shares)			0
Closing balance (in shares)			741,120
Performance Rights [Member] | Retention on Employment - KMP [Member]
Movement in performance rights on issue [Abstract]
Grant date			14-Nov-18
Vesting date			Nov. 14, 2020
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.175
Opening balance (in shares)		0	244,378
Issued (in shares)			0
Exercised (in shares)			(244,378)
Forfeited (in shares)			0
Closing balance (in shares)			0
Performance Rights [Member] | Retention on Employment - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date			31-Mar-20
Vesting date			Mar. 31, 2023
Market Value per right at grant date (in dollars per share) | $ / shares			$ 0.085
Opening balance (in shares)		0	555,435
Issued (in shares)			0
Exercised (in shares)			0
Forfeited (in shares)			(555,435)
Closing balance (in shares)			0
Performance Rights [Member] | Retention on Employment - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		30-Sep-20	30-Sep-20
Vesting date		Sep. 30, 2023	Sep. 30, 2023
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.12	$ 0.12
Opening balance (in shares)		226,129	0
Issued (in shares)		0	226,129
Exercised (in shares)		0	0
Forfeited (in shares)		0	0
Closing balance (in shares)		226,129	226,129
Performance Rights [Member] | Retention on Employment - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		16-Nov-21
Vesting date		Nov. 16, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.705
Opening balance (in shares)		0
Issued (in shares)		115,000
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		115,000	0
Performance Rights [Member] | Retention on Employment - Staff [Member]
Movement in performance rights on issue [Abstract]
Grant date		01-Jul-21
Vesting date		Jul. 01, 2024
Market Value per right at grant date (in dollars per share) | $ / shares		$ 0.33
Opening balance (in shares)		0
Issued (in shares)		679,146
Exercised (in shares)		0
Forfeited (in shares)		0
Closing balance (in shares)		679,146	0
[1]These retention on employment awards represent 50% increase in entitlement due to an administrative error.

Capital structure, Reserves (De

Capital structure, Reserves (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Equity compensation reserve [Abstract]
Share based payment expensed/capitalised	$ 3,300	$ 2,516	$ 1,233
Fair value of unlisted options exercised	(7,900)		(578)
Foreign currency translation reserve [Abstract]
Foreign currency translation differences for foreign operations	12,836	(8,040)	(175)
Total reserves	13,892	3,732	9,837
Equity Compensation Reserve [Member]
Equity compensation reserve [Abstract]
Balance at the beginning of period	10,381	8,446	8,711
Share based payment expensed/capitalised	3,300	2,516	1,233
Fair value of unlisted options exercised	(4,616)	0	(1,076)
Fair value of performance rights vested	(1,360)	(581)	(422)
Balance at the end of the financial period	7,705	10,381	8,446
Foreign Currency Translation Reserve [Member]
Foreign currency translation reserve [Abstract]
Balance at the beginning of period	(6,649)	1,391	1,566
Foreign currency translation differences for foreign operations	12,836	(8,040)	(175)
Balance at the end of the financial period	$ 6,187	$ (6,649)	$ 1,391

Financial instruments, Credit R

Financial instruments, Credit Risk (Details) - Credit Risk [member] - AUD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Financial Assets, Past Due Member]
Trade and other receivables [Abstract]
Trade receivables	$ 0	$ 0
Financial Assets, Impaired [Member]
Trade and other receivables [Abstract]
Trade receivables	$ 0	$ 0

Financial instruments, Liquidit

Financial instruments, Liquidity Risk (Details) - AUD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021
Contractual cash flows [abstract]
Total current and non-current payables	$ 13,121	$ 6,960
Liquidity Risk [Member]
Contractual cash flows [abstract]
Payables	12,752	6,630
Lease liabilities	369	330
Total current and non-current payables	13,121	6,960
Liquidity Risk [Member] | Less than 1 Year [Member]
Contractual cash flows [abstract]
Payables	12,752	6,630
Lease liabilities	243	251
Total current and non-current payables	12,995	6,881
Liquidity Risk [Member] | 1-2 Years [Member]
Contractual cash flows [abstract]
Payables	0	0
Lease liabilities	126	79
Total current and non-current payables	126	79
Liquidity Risk [Member] | 2-5 Years [Member]
Contractual cash flows [abstract]
Payables	0	0
Lease liabilities	0	0
Total current and non-current payables	0	0
Liquidity Risk [Member] | More than 5 Years [Member]
Contractual cash flows [abstract]
Payables	0	0
Lease liabilities	0	0
Total current and non-current payables	$ 0	$ 0

Financial instruments, Foreign

Financial instruments, Foreign Exchange Risk (Details)	12 Months Ended
	Jun. 30, 2022 AUD ($) $ / $	Jun. 30, 2021 AUD ($)
Financial assets [Abstract]
Trade and other receivables	$ 495,000	$ 625,000
Foreign Exchange Risk [Member]
Financial instruments denominated in United States dollars [Abstract]
Percentage of cash reserves held in US Dollars	46%
Average rate | $ / $	0.7238
Spot rate | $ / $	0.6896
Financial assets [Abstract]
Cash	$ 63,334,000	61,992,000
Trade and other receivables	29,000	32,000
Financial liabilities [Abstract]
Trade and other payables	12,163,000	5,954,000
Lease liabilities	270,000	118,000
Foreign Exchange Risk [Member] | Currency Risk, 10% Increase [Member]
Sensitivity analysis [Abstract]
Increase / decrease, effect on loss before tax	5,750,000	5,636,000
Increase / decrease, effect on receivables	3,000	3,000
Increase / decrease, effect on payables	1,106,000	538,000
Foreign Exchange Risk [Member] | Currency Risk, 10% Decrease [Member]
Sensitivity analysis [Abstract]
Increase / decrease, effect on loss before tax	7,028,000	6,888,000
Increase / decrease, effect on receivables	3,000	4,000
Increase / decrease, effect on payables	$ 1,351,000	$ 657,000

Financial instruments, Interest

Financial instruments, Interest rate risk (Details) - Interest Rate Risk [Member] - AUD ($)	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Interest Rate Risk, 1% Increase [Member]
Sensitivity analysis [Abstract]
Increase / decrease, effect on loss before tax	$ 1,291,000	$ 451,000
Interest Rate Risk, 1% Decrease [Member]
Sensitivity analysis [Abstract]
Increase / decrease, effect on loss before tax	$ 1,291,000	$ 451,000

Employee benefits and KMP dis_3

Employee benefits and KMP disclosures, Employee Benefits Expensed (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Employee benefit expense [Abstract]
Non-Executive Director fees	$ 565	$ 489	$ 883
Executive Director fees	732	402	0
Employee benefits expense	3,298	2,974	3,498
Share-based payments	2,063	2,034	682
Total employee benefit expense	$ 6,658	$ 5,899	$ 5,063

Employee benefits and KMP dis_4

Employee benefits and KMP disclosures, Key Management Personnel (Details) - AUD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Key management compensation [Abstract]
Salary and Short-term incentive	$ 4,221	$ 3,545	$ 3,818
Post-employment benefits	115	111	178
Share-based payments	2,349	2,397	986
Total payments to KMP	$ 6,685	$ 6,053	$ 4,982

Employee benefits and KMP dis_5

Employee benefits and KMP disclosures, Share Based Payments (Details)	12 Months Ended
	Jun. 30, 2022 ShareSchemes
Share based payment arrangement [Abstract]
Number of share schemes	2
Options vesting period	12 months
Options expiration period	60 months
Vesting percentage of performance units	200%
Share options [Member]
Share based payment arrangement [Abstract]
Number of trading days	10 days
Vested performance period for allocating shares or procure payment	30 days
Performance Rights- Time Based [Member]
Share based payment arrangement [Abstract]
Number of trading days	10 days
Retention on Employment [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	3 years
Retention on Employment [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	12 months
Retention on Employment [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	24 months
Retention on Employment [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	36 months
Deferred STI [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	12 months
Make-up LTI Grants for 2017 & 2018 [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	36 months
LTI Grants Time Based [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	36 months
LTI Grants Performance Based [Member]
Share based payment arrangement [Abstract]
Performance rights vesting period	36 months
Share Options 2010 [Member]
Share based payment arrangement [Abstract]
Options expiration period if not exercised after a participant resigns	90 days
Number of business days for calculating weighted average price	5 days
Tranche 1 [Member]
Share based payment arrangement [Abstract]
Options expiration date	Nov. 09, 2023
Tranche 2 [Member]
Share based payment arrangement [Abstract]
Options expiration date	Nov. 14, 2024

Group structure (Details)

Group structure (Details)		12 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
List of subsidiary companies [Abstract]
Ownership interest		100%	100%
Ioneer USA Corporation [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer USA Corporation
Country of incorporation		USA
Ownership interest		100%	100%	100%
Ioneer Minerals Corporation [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer Minerals Corporation
Country of incorporation		USA
Ownership interest		100%	100%	100%
Ioneer Holdings USA Inc. [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer Holdings USA Inc.
Country of incorporation		USA
Ownership interest		100%	100%	100%
Ioneer Holdings Nevada Inc. [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer Holdings Nevada Inc.
Country of incorporation		USA
Ownership interest		100%	100%	100%
Gerlach Gold LLC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Gerlach Gold LLC
Country of incorporation		USA
Ownership interest		100%	100%	100%
Paradigm AZ LLC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Paradigm AZ LLC
Country of incorporation		USA
Ownership interest		100%	100%	100%
Ioneer Rhyolite Ridge Holdings LLC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer Rhyolite Ridge Holdings LLC
Country of incorporation		USA
Ownership interest		100%	0%	0%
Ioneer Rhyolite Ridge Midco LLC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer Rhyolite Ridge Midco LLC
Country of incorporation		USA
Ownership interest		100%	0%	0%
Ioneer Rhyolite Ridge LLC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer Rhyolite Ridge LLC
Country of incorporation		USA
Ownership interest		100%	0%	0%
Ioneer SLP LLC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		Ioneer SLP LLC
Country of incorporation		USA
Ownership interest		100%	0%	0%
PGPL Minerals USA Pty Limited [Member]
List of subsidiary companies [Abstract]
Name of subsidiary	[1]	PGPL Minerals USA Pty Limited
Country of incorporation	[1]	Canada
Ownership interest	[1]	0%	0%	100%
PGPL Diamonds Pty Limited [Member]
List of subsidiary companies [Abstract]
Name of subsidiary	[1]	PGPL Diamonds Pty Limited
Country of incorporation	[1]	Canada
Ownership interest	[1]	0%	0%	100%
ioneer Canada ULC [Member]
List of subsidiary companies [Abstract]
Name of subsidiary		ioneer Canada ULC
Country of incorporation		Canada
Ownership interest		100%	100%	0%
[1]These Canadian companies were amalgamated on January 1, 2021 to fom Ioneer Canada ULC.

Other disclosures (Details)

Other disclosures (Details) $ in Thousands, $ in Millions	Jun. 30, 2022 AUD ($) $ / $ Payment	Jun. 30, 2022 USD ($) $ / $ Payment	Jun. 30, 2021 AUD ($)
Capital and other commitments [Abstract]
Commitments	$ 1,628		$ 1,748
Rhyolite Ridge [Member] | Boundary Peak Minerals LLC [Member]
Contingent liabilities [Abstract]
Number of progress payments made | Payment	4	4
Contingent liability settlement payable amount		$ 3
Exchange rate | $ / $	0.75	0.75
Payable within One Year [Member]
Capital and other commitments [Abstract]
Water rights	$ 302		274
Non-cancellable operating lease rental commitments	52		161
Exploration and evaluation expenditure commitments	245		176
Commitments	599		612
Payable After One Year but not Later than Five Years [Member]
Capital and other commitments [Abstract]
Water rights	496		553
Non-cancellable operating lease rental commitments	42		230
Exploration and evaluation expenditure commitments	491		353
Commitments	1,029		1,136
Payable Later than Five Years [Member]
Capital and other commitments [Abstract]
Water rights	0		0
Non-cancellable operating lease rental commitments	0		0
Exploration and evaluation expenditure commitments	0		0
Commitments	$ 0		$ 0