Iondrive Limited · ASX:ION
Iondrive — Investor Presentation (February 2025)
23 slides from Iondrive's investor presentation, Feb 20, 2025
Slide 1: Updated Corporate Presentation
ASX RELEASE ASX CODE: ION Iondrive Limited | ABN 30 107 424 519 20 FEBRUARY 2025 Updated Corporate Presentation Iondrive Limited (ASX: ION) (“Iondrive” or the “Company”) is pleased to provide the attached updated corporate presentation. Authorised for release by the Board of Iondrive Limited. Furthe
Slide 2: Smarter, Cleaner, Greener Metal Recovery
Smarter, Cleaner, Greener Metal Recovery INVESTOR PRESENTATION Next-generation metal recovery using Deep Eutectic Solvents FEBRUARY 2025 ASX: ION iondrive.com.au
Slide 3: Disclaimer
IONDRIVE Disclaimer Forward looking statements Not an offer of securities This document contains certain forward-looking statements that involve risks and uncertainties. This Presentation is not a prospectus, product disclosure statement or other offering document Although we believe that the expect
Slide 4: Next-Generation Metal Recovery Using Deep Eutectic Solvents (DES)
NEXT-GENERATION METAL RECOVERY Using Deep Eutectic Solvents (DES) Our technology is a cleaner, THE IONDRIVE ADVANTAGE greener, and more cost-effective approach to recover metals. Supportive, Massive Market Proven Our process enables "urban High-Quality Opportunity Technology mining" which is recover
Slide 5: A Tuneable approach to sustainable metal extraction
DEEP EUTECTIC SOLVENTS A Tuneable GREEN SOLVENT #A GREEN SOLVENT #B approach to 300°C MELTING POINT HBA HBD 100°C MELTING POINT sustainable +add raw material metal extraction extract DES What are DES? Solid Mixture transitions into 60°C - Deep Eutectic Solvents (DES) are green “New Eutectic Liquid a
Slide 6: High efficiency, low environmental impact
URBAN MINING High efficiency, SOLVOMETALLURGY PYROMETALLURGY HYDROMETALLURGY low environmental RAW RAW RAW impact MATERIAL MATERIAL MATERIAL Traditional metal recycling relies on Extreme Corrosive energy-intensive, toxic processes Low waste energy CO2 Heat Hazardous with high waste and low efficienc
Slide 7: Growth catalysts (3-9 months)
IONDRIVE Growth catalysts (3-9 months) Continuing expansion Applications for Funding Grants in AUS and EU COMMERCIAL Independent 3rd of Technology and Formalising consortium party modelling Industry Partners in the • IGP Pursuing a similar partners and (NPVs IRRs) EU strategy to EU, exploring • ARC
Slide 8: Illustrative plant economic indicators
IONDRIVE Illustrative plant economic indicators NPV10 IRR post tax BLACK MASS CAPEX $249M 1 17.4% 2 21kt (10kt) $16Mpkt/pa 3 Project post-tax IRR Sensitivity % PROJECT CONSTRUCTION LIFE - YEARS PERIOD - YEARS 21 1 Metal Price OPERATIONS DISCOUNT PERIOD - YEARS RATE % 20 10 OPEX TERMINAL PAYBACK – VA
Slide 9: Capital and valuation support: ASX listed peers
CAPITAL AND VALUATION SUPPORT Illustrative plant ASX Listed Peers Breakthrough technologies in Metal and Battery Recycling are attracting ~$100m Converting titanium scrap to titanium powder strong capital support and increasing ~$25m CY 2025 first revenue expected from small scale valuations pre and
Slide 10: Capital structure
IONDRIVE Capital structure SUPPORTIVE STRATEGIC SHAREHOLDERS - MAJOR SHAREHOLDERS (>5%) CORPORATE STRUCTURE: Strata Investment Holdings Plc ~15.3% Ordinary Shares 1182.8m* Ilwella Pty Ltd ~10.9% Share Price (VWAP 18 Feb, 15 days traded) AUD$0.023 Terra Capital Pty Ltd ~6.6% Market capitalisation AUD
Slide 11: Iondrive Team
Iondrive Team Michael McNeilly Dr Jack Hamilton Andrew Sissian Adam Slater Chair - BA Econ NED - PhD (Chem Eng) NED - CPA, MAcc, BCom NED - BA (Finance) • Chief Executive Officer of Strata Investments • Highly accomplished senior executive and board • Seasoned corporate and capital markets executive
Slide 12: Breakthrough Technology for a Huge Market Opportunity
Breakthrough Technology for a Huge Market Opportunity ASX: ION iondrive.com.au
Slide 13: Driving Urgent Battery Recycling Solution
SURGING EV DEMAND Driving Urgent Battery Recycling Solution BATTERY PRODUCTION 2030: EV growth Recycling (GWH) ~900 GWh accelerating demand outpacing capacity Black mass supply to reach 11.3M Black mass growth tonnes by 2040. +25% CAGR, but EU x30 lacks hydromet capacity (74% deficit). Regulations C
Slide 14: Driving Forces of Battery Recycling
DRIVING FORCES OF Battery Recycling ALMOST ALL BLACK MASS PRODUCED IN EU targets for material recovery IRA Clean Vehicle requirements on WESTERN COUNTRIES rates and minimum levels of the percentage of the value IS SENT TO CHINA recovered contents of critical minerals FOR PROCESSING. % 100 80 80 80 R
Slide 15: Iondrive's Metal Extraction Solution
IONDRIVE'S Metal Extraction Solution Our technology Our products pCAM The DES process proves Lithium carbonate recovery rates of more than can be retrieved in 98% for all valuable materials battery grade Lithium carbonate Untreated Treated Black Mass Black Mass Nickel Nickel hydroxide sulphate DES M
Slide 16: Business model
16 IONDRIVE Business model Batteries Collection and (scraps, end-of- dismantling of life batteries) end-of-life batteries Auto OEMs Iondrive intends to generate value uplift by processing black mass into reusable critical minerals and upgrading them into high-value Manufacture of new battery cathode
Slide 17: EV Recycling: Commercialisation aligned with EV metal market demand
EV RECYCLING Commercialisation activities align with EV metal market demand 12 GLOBAL BATTERY RECYCLING MARKET 11 SURPASSES $100 BILLION NY 2040 MULTIPLE 10 COMMECIAL PLANTS FULL-SCALE COMMERCIAL 9 PLANT COMPLETE BLACK MASS (MILLION TONNES) 8 DEMONSTRATION 7 PLANT PILOT PLANT 6 LAUNCH with commercia
Slide 18: Pre-Feasibility Study (PFS) Confirms Exceptional Recovery Rates and Market Viability
Pre-Feasibility Study (PFS) Confirms Exceptional Recovery Rates and Market Viability ASX: ION iondrive.com.au
Slide 19: Technology Validated, Economics Confirmed
FEASIBILTY TO EXECUTION Technology Validated, Economics Confirmed Economic and technical results driving commercialisation Economically Robust High Cost- & Profitable Recovery Rates Advantages Independent modelling confirms a Verified high recoveries across 36% lower Capex* than benchmark AUD249m NP
Slide 20: Appendix
Appendix ASX: ION iondrive.com.au
Slide 21: Economic Modelling Assumptions
ECONOMIC MODELLING Assumptions Appendix 1: Key Assumptions of the Economic Evaluation of the PFS Iondrive Battery Recycling Plant Configuration Project life years 21 Construction period years 1 Operations period years 20 Discount rate (real) % 10 Total CAPEX* AUDm 370m Terminal Value AUD 20% Payback
Slide 22: References
References: ▪ Wood study: ASX 15 July 2024 th ▪ PFS: ASX 1 November 2024 st ▪ PEM Aachen University Benchmarking Study: ASX 1 November 2024 st ▪ Rho Motion Report: ASX 25 March 2024 th ▪ BMI Report: ASX 19 February 2025 th ▪ Model Answer Economic Modelling: ASX 19 February 2025 th 21
Slide 23: Contact Us
CONTACT US Ebbe Dommisse, CEO info@iondrive.com.au Lewis Utting, Commercial Director info@iondrive.com.au Ray Ridge, CFO & Co-Sec info@iondrive.com.au ASX: ION iondrive.com.au