Iondrive Limited · ASX:ION
Iondrive — Noosa Mining Investor Conference 2026
23 slides from Iondrive's conference presentation, Jul 22, 2026
Slide 1: ASX Release: Corporate Presentation
ASX RELEASE ASX: ION Iondrive Limited | ABN 30 107 424 519 22 JULY 2026 Corporate Presentation Iondrive Limited (ASX: ION) (“Iondrive” or “the Company”) is pleased to provide the attached updated corporate presentation which will be used during investor engagement events organised over the duration
Slide 2: Securing a Circular Domestic Rare Earth Supply Chain in the United States
IONDRIVE LIMITED · ASX:ION For personal use only Securing a Circular Domestic THE PLATFORM Rare Earth Supply Chain in IONSolv the United States Selective leach → Separation → Solvent Recycle → Product Upgrade APPLIED ACROSS THREE FEEDSTOCKS: One platform. Multiple value-upgrade pathways. 01 E-Waste
Slide 3: Disclaimer
DISCLAIMER Forward looking statements This document contains certain forward-looking statements that involve risks and uncertainties. Although we believe that the expectations reflected in the forward-looking statements are reasonable at this time, we can give no assurance that these expectations wi
Slide 4: Iondrive at a glance
COMPANY SNAPSHOT Iondrive at a glance ASX-listed critical-minerals processing technology For personal use only company. Commercialising IONSolv across multiple feedstock verticals. SHARE PRICE MARKET CAP SHARES A$0.029 A$37.6m 1.30bn 20 July 2026 20 July 2026 on issue SUBSTANTIAL SHAREHOLDERS Strata
Slide 5: Iondrive Team
IONDRIVE TEAM Global experience in mining, technology, and commercialisation For personal use only Michael Dr Duncan Andrew Hugo Adam Slater McNeilly Turner Sissian Schumann NED · PhD NED · CPA, MAcc, NED · CFA, MBA Chair · BA Econ NED · BA (Electrometallurgy) BCom (INSEAD) CEO of Strata Investments
Slide 6: Opportunity Flow: Where the value goes and where it is lost
OPPORTUNITY FLOW Where the value goes – and where it is lost. Three Western waste streams. Today, most value is LOST to landfill, and the remainder routes through China-dominated refining. IONSolv can potentially intercept and redirect to Western end-use — the opportunity flow. For personal use only
Slide 7: The Problem: Different markets. Same bottleneck.
THE PROBLEM Different markets. Same bottleneck. Complex feedstocks exist. What's missing is the step that selectively upgrades them into high-value products. For personal use only That gap is common across e-waste, solar, and battery materials. E-WASTE / RARE EARTHS China share of refining THE VALUE
Slide 8: The Solution: IONSolv
THE SOLUTION · IONSolv One selective platform, applied across feedstocks IONSolv uses Deep Eutectic Solvent (“DES”) chemistry developed with the University of Adelaide. Same process architecture; tunable formulation per feedstock. Selective, low-temperature, closed-loop. For personal use only WHY IT
Slide 9: Breakthrough Rare Earth Recovery Platform
VERTICAL 01 · E-WASTE / RARE EARTHS Breakthrough Rare Earth Recovery Platform. Independently Validated with Commercial Feedstock and U.S. Partner Secured. Independent validation work confirms high recovery of both light (NdPr) and heavy (Dy) rare earths from commercial U.S. e-waste, supporting an Fo
Slide 10: Securing the U.S. Critical Minerals Supply Chain
VERTICAL 01 · E-WASTE / RARE EARTHS Securing the U.S. Critical Minerals Supply Chain For personal use only Establishing a Domestic Circular "Feedstock-to-Market" Loop for Rare Earths Iondrive’s “feedstock-to-market” loop seeks to meet the demands of the U.S. supply chain whilst sourcing from domesti
Slide 11: First Commercial Module (Oklahoma) – Incentive Package up to US$15M
U.S. EXPANSION & COMMERCIAL ROLLOUT First Commercial Module (Oklahoma) – Incentive Package up to US$15M Letter of Support received from the Oklahoma Department of Commerce (ODOC) for a potential incentive value of up to US$15m (aggregate target value), with US$5.2M expected for Iondrive’s first U.S.
Slide 12: The capital behind the U.S. build-out and Iondrive's Oklahoma stack
U.S. EXPANSION · CAPITAL The capital behind the U.S. build-out — and Iondrive’s Oklahoma stack Following a multi-state review, Oklahoma ranked among the strongest U.S. jurisdictions across incentives, permitting, operating costs and logistics. Module 1 is designed to be funded primarily through stat
Slide 13: Solar: Silver-led economics, now ~95% recovery
VERTICAL 02 · SOLAR Silver-led economics – now ~95% recovery following process improvements Solar PV recycling combines a fast-growing wave of end-of-life feedstock combines with high-value silver content with Livium (ASX:LIT) providing commercial grade feedstock to undertake technical and commercia
Slide 14: Battery Materials & Intermediates: Long-dated optionality
VERTICAL 03 · BATTERY MATERIALS & INTERMEDIATES Long-dated optionality on the same platform Battery recycling is another vertical for the Company’s commercial focus, which extends the platform thesis with strong lab-trial validation, EU consortium. The ability to efficiently and selectively remove c
Slide 15: Milestones Achieved
MILESTONES ACHIEVED What ION has delivered Moving swiftly and achieving a range of verifiable milestones, including industry partnerships through Phase 1 economics to independently verified commercial-feedstock results. For personal use only SEP 2025 SEP 2025 SEP 2025 NOV 2025 APR 2026 Livium (ASX:L
Slide 16: Phase Unit Economics
PHASE 1 UNIT ECONOMICS Each module: small capex, fast payback, repeatable Phase 1 TEE delivered November 2025 by ProProcess Engineering and ModelAnswer Commercial Analytics - independent technical and economic modelling a 2,000 tpa modular design. For personal use only CAPEX PER MODULE NPV₁₀ POST-TA
Slide 17: One platform, three revenue lines, multiple verticals
BUSINESS MODEL One platform, three revenue lines, multiple verticals The same IONSolv architecture monetises across processing fees, product sales, and strategic partnerships – based on the same core technology across feedstocks. For personal use only INPUTS PLATFORM REVENUE STREAMS 01 · PROCESSING
Slide 18: Execution Plan: Validate. Deploy. Scale.
EXECUTION PLAN Validate. Deploy. Scale. Three-phase rollout - early work validates the platform, initial modules prove commercial deployment, later stages scale the same architecture across more feedstocks and higher throughput. For personal use only 01 02 03 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029+
Slide 19: Newsflow: Catalyst calendar
NEWSFLOW Catalyst calendar “Our ambition is to deliver value across three horizons — creating early revenue, scaling into intermediates, and For personal use only leading in global recycling — while compounding shareholder value over time.” Lewis Utting, CEO REE Phase 2 TEE delivered Pilot Plant Wet
Slide 20: Investment Highlights
IONDRIVE LIMITED (ASX:ION) Investment Highlights ION's market cap is ~A$37.6m with a planned execution pathway targeting critical minerals in the US. For personal use only 01 Validated Platform 02 Near-Term Catalysts IONSolv is past concept-stage – independently verified 96.5% NdPr Phase 2 TEE, wet
Slide 21: For personal use only
For personal use only For further information on Iondrive Limited and the IONSolv commercialisation pathway, please contact: Lewis Utting Jane Morgan Chief Executive Officer Investor & Media Relations Iondrive Limited Jane Morgan Management info@iondrive.com.au jm@janemorganmanagement.com.au iondriv
Slide 22: Appendix
For personal use only Appendix One platform. Multiple value-upgrade pathways.
Slide 23: Why Oklahoma: lower costs, faster permitting, stronger logistics
U.S. EXPANSION · OPERATING ENVIRONMENT Why Oklahoma: lower costs, faster permitting, stronger logistics Oklahoma combines lower operating costs, faster and more certain permitting, and stronger logistics than most competing U.S. jurisdictions — advantages that flow directly into module economics and