Iondrive Limited · ASX:ION
Iondrive — Investor Presentation (April 2026)
23 slides from Iondrive's investor presentation, April 2026
Slide 1: Urban Mining: Securing Supply Chains for Critical Minerals
Urban Mining: Securing Supply Chains for Critical Minerals IONSolv Critical Mineral Recovery Platform High-Value Recovery, Lower Environmental Impact, and Lower Capital Expenditure Investor Presentation April 2026 iondrive.com.au ASX: ION
Slide 2: IONSolv: A New Standard for Critical Mineral Recovery
OVERVIEW IONSolv : A New Standard for Critical Mineral Recovery EXTRACT SEPARATE Significant IONSolvTM Technology Moat IONSolv selective, TAM Multi-billion $ low-cost, green chemistry opportunities REUSE IONDRIVE: THE RECOVER EXECUTION HUB Road to Revenue Strong IP position with Modular alternative
Slide 3: Supply-Chain Dependence and Rising Demand Create Opportunity for Low-Impact Refining
CRITICAL-MINERAL CRITICAL-MINERALPROCESSING PROCESSINGISISCONCENTRATED CONCENTRATEDININASIA ASIA Supply-Chain Dependence and Rising Demand Create Opportunity for Low-Impact Refining Processing Dominance Western Shortfall Over 80 % of global Rapid growth in EVs refining for critical and renewable ene
Slide 4: North American Test Work Advances REE Recovery Pathway
REE VALIDATION North American Test Work Advances REE Recovery Pathway Following the 2025 techno-economic assessment based on the concept study, the Company is pleased to report recoveries, from a commercially sourced sample, that meet or exceed the assumptions used in that assessment, with high neod
Slide 5: IONSolv: Unlocking the $91B E-waste Opportunity
UNDER-RECYCLED UNDER-RECYCLED&&HIGH HIGHVALUE VALUE IONSolv : Unlocking the $91B E-waste Opportunity “Beyond gold: IONSolv can recover REE’s before they’re lost" 120 120Mt Electrical & Electronic Equipment placed on GLOBAL MARKET UPSIDE market 100 E-WASTE (IN BILLION KG) 96 “Only 22% of e-waste is 8
Slide 6: IONSolv: Unlocking the $91B E-waste Opportunity
UNDER-RECYCLED UNDER-RECYCLED&&HIGH HIGHVALUE VALUE IONSolv : Unlocking the $91B E-waste Opportunity Metal composition of e-waste DEMAND, MINING AND SEPARATION SUPPLY FOR LIGHT AND HEAVY RARE EARTH ELEMENTS (REEs) BY REGION, METAL CONTAINED, KILOTONNE, 2035 Ag 0.9 Sb By value in USD Au Rh 2.3 0.3 15
Slide 7: Execution Track Record, Value Still Ahead
NEAR-TERM NEAR-TERMFOCUS FOCUS Execution Track Record, Value Still Ahead Delivering upcoming catalysts that build momentum to deliver shareholder value. A MODULAR, LOW-FOOTPRINT EXTRACTION PLATFORM ENABLING MULTIPLE REVENUE VERTICALS EXECUTED Bench-scale validation EU consortium Techno-economic acro
Slide 8: Iondrive's Closed-Loop Metal Recovery vs Legacy Methods
REAGENTS REAGENTSRECYCLED, RECYCLED,NOT NOTWASTED WASTED Iondrive’s Closed-Loop Metal Recovery vs Legacy Methods FROM HIGH-COST / ENVIRONMENTAL IMPACT RISK LOW-COST HIGH RECOVERY STANDARD PROCESS IONSolv CLOSED-LOOP PROCESS HIGH ENERGY HIGH REAGENT USE OFFSHORED PROCESSING LOW SUSTAINABILITY LOW ENE
Slide 9: Upgrading to High Value Oxides
IONDRIVE IONDRIVE CONVERTS CONVERTS LOW-VALUE LOW-VALUE WASTE WASTE INTO INTO HIGH-VALUE HIGH-VALUE OXIDES OXIDES (3–5× (3–5× UPLIFT) UPLIFT) Upgrading to High Value Oxides CHLORIDE HYDROXIDE METAL OXIDE (us$T) VALUE CAGR 2024-34 (US$/T) (us$/T) Nd 25,000 40,000 70,000 +45,000 8-10% Co 10,000 18,000
Slide 10: Iondrive Revenue Pathways
ONE ONETECHNOLOGY TECHNOLOGY– MANY – MANY OPPORTUNITIES OPPORTUNITIES Iondrive Revenue Pathways HIGH-VALUE OUTPUTS END MARKETS / FEEDSTOCK SOURCES IONDRIVE PROPRIETARY PROCESSING Recovered Metals & Oxides CUSTOMERS Electronics & Urban Mining E-waste (Urban Mining) Source: Large recyclers (Colt) Cu A
Slide 11: Commercialisation Tracks with Soaring Metal Demand
COMMERCIALISATION COMMERCIALISATIONPATHWAYS PATHWAYS Commercialisation Tracks with Soaring Metal Demand Capturing Value in a combined $236B Market $236B $215B Battery Recycling (Base) Mineral Processing (MHP) E-waste $205B 200 $182B $174B $162B MARKET SIZE USD BILLIONS 150 $140B $151B $130B $120B $1
Slide 12: Building Value Across Multiple Verticals
VALUE VALUEPHASES PHASES Building Value Across Multiple Verticals Commercialising across three verticals. As execution compounds, peers* at similar stages have re-rated significantly. IONSolv progresses from TRL 3 → 6 via small scale commercial deployment, advancing toward TRL 9 through modular comm
Slide 13: Global Experience in Mining, Technology, and Commercialisation
IONDRIVE TEAM Global Experience in Mining, Technology, and Commercialisation Michael McNeilly Dr Duncan Turner Andrew Sissian Adam Slater Chair - BA Econ NED – PhD (Electrometallurgy) NED – CPA, Macc, Bcom NED - BA (Finance) Chief Executive Officer of Strata Investments Holdings Process and technolo
Slide 14: Positioned for Scale & Potential Value Uplift
INVESTMENT INVESTMENT SUMMARY SUMMARY Positioned for Scale & Potential Value Uplift One Platform, Many Verticals Proven High-Recovery Large & Growing Addressable Modular IONSolv platform adaptable to Technology Markets multiple recovery pathways, potential to The IONSolv platform achieves extremely
Slide 15: Capital Structure
IONDRIVE Capital Structure CORPORATE STRUCTURE SHARE PRICE (12 months) Ordinary Shares 1296.1m Share Price (14 April 2026) AUD$0.026 Market capitalisation AUD$33.7m Cash* AUD$8.4m* Enterprise Value (EV) ~AUD$25.3m OPTIONS/PERFORMANCE RIGHTS Various incl Directors, employees & consultants 75,800,000
Slide 16: Disclaimer
IONDRIVE Disclaimer Forward looking statements Not an offer of securities This document contains certain forward-looking statements that involve risks and This Presentation is not a prospectus, product disclosure statement or other offering document uncertainties. Although we believe that the expect
Slide 17: Contact Us
CONTACT US Lewis Utting, CEO info@iondrive.com.au Ray Ridge, CFO & Co-Sec info@iondrive.com.au Jane Morgan, Investor Relations jm@janemorganmanagement.com.au ASX: ION iondrive.com.au
Slide 18: Appendix
APPENDIX ASX: ION iondrive.com.au
Slide 19: A Cleaner, Faster, More Flexible Solution to Meet Demand
TAILORED CHEMISTRY THAT SELECTIVELY EXTRACTS METALS A Cleaner, Faster, GREEN SOLVENTS IN CRITICAL METALS OUT More Flexible Solution HBA HBD +add raw to Meet Demand 300°C 100°C MELTING POINT MELTING POINT material extract DES What DES Delivers: Solid Mixture - Recyclable green solvents for e-waste, t
Slide 20: Breakthrough Technology for a Huge Battery Recycling Market Opportunity
Breakthrough Technology for a Huge Battery Recycling Market Opportunity ASX: ION iondrive.com.au
Slide 21: EV Battery Recycling
EV EVBATTERY BATTERYRECYCLING RECYCLING Commercialisation activities align with EV battery market demand GLOBAL BATTERY RECYCLING MARKET 12 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
Slide 22: Driving Urgent Battery Recycling Solution
SURGING SURGINGEV EVDEMAND DEMAND Driving Urgent Battery Recycling Solution BATTERY PRODUCTION 2030: ~900 GWh (GWH) EV growth Recycling accelerating demand outpacing capacity Black mass supply to reach 11.3M Black mass growth x30 tonnes by 2040. +25% CAGR, but EU lacks hydromet capacity (74% deficit
Slide 23: Valuation uplift along the path to commercialisation
COMMERCIALISATION PATH Valuation uplift along the path to commercialisation 2400 PILOT STAGE PILOT COMMERCIAL STAGE COMMERCIAL SCALE $100 2000 0 IONDRIVE AT PILOT PEERS AT 1600 STAGE — EARLY COMMERCIAL REVENUE PROOF SCALE — RE- POINTS RATED BY 5–10X $AUD M $600 1200 Valuation (AUD M) 800 $530 Capita