<?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>0002115527</rptOwnerCik>
            <rptOwnerName>Nagai Yoshio</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 Comm. Sales &amp; Marketing</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Ordinary Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7935490</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Includes 196,780 Ordinary Shares underlying time-based units (&quot;Units&quot;) that vest on July 1, 2026, 457,738 Ordinary Shares underlying Units that vest on July 1, 2027, 834,135 Ordinary Shares underlying Units that vest on January 1, 2029 and 599,576 Ordinary Shares underlying Units that vest on September 1, 2026.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Yoshio Nagai</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
