<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0607</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001896084</issuerCik>
        <issuerName>ioneer Ltd</issuerName>
        <issuerTradingSymbol>IONR</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002115513</rptOwnerCik>
            <rptOwnerName>Yeftich Chad</rptOwnerName>
        </reportingOwnerId>
    <reportingOwnerAddress>
      <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
      <rptOwnerStreet1>C/O ioneer Ltd</rptOwnerStreet1>
      <rptOwnerStreet2>9460 Double R. Blvd, Suite 200</rptOwnerStreet2>
      <rptOwnerCity>Reno</rptOwnerCity>
      <rptOwnerState>NV</rptOwnerState>
      <rptOwnerZipCode>85921</rptOwnerZipCode>
    </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>VP Corp Dev &amp; External Affairs</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Ordinary Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6889701</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>American Depositary Shares</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Ordinary Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>292800</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 375,924 Ordinary Shares underlying time-based units (&quot;Units&quot;) that vest on July 1, 2026, 588,290 Ordinary Shares underlying Units that vest on July 1, 2027, 1,608,059 Ordinary Shares underlying Units that vest on January 1, 2029 and 1,027,522 Ordinary Shares underlying Units that vest on July 1, 2026.</footnote>
        <footnote id="F2">Each American Depositary Share is convertible at any time, at the holder's election, into 40 ordinary shares of the issuer. The American Depositary Shares have no expiration date.</footnote>
        <footnote id="F3">Represented by 7,320 American Depositary Shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Chad Yeftich</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
