<?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>0002115562</rptOwnerCik>
            <rptOwnerName>Coon Kenneth D</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>Vice President Human Resources</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Ordinary Shares</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3438962</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>1778040</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 185,642 Ordinary Shares underlying time-based units (&quot;Units&quot;) that vest on July 1, 2026, 431,950 Ordinary Shares underlying Units that vest on July 1, 2027 and 787,141 Ordinary Shares underlying Units that vest on January 1, 2029.</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 44,451 American Depositary Shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kenneth D Coon</signatureName>
        <signatureDate>2026-03-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
