Iondrive Limited · ASX:ION
Iondrive — Investor Presentation (July 2026)
19 slides from Iondrive's investor presentation, Jul 3, 2026
Slide 1: 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 2: 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 3: Iondrive at a glance
COMPANY SNAPSHOT Iondrive at a glance ASX-listed critical-minerals processing technology For personal use only company. Commercialising IONSolv (developed by the University of Adelaide) across multiple feedstock verticals. SHARE PRICE MARKET CAP SHARES A$0.024 A$31m 1.30bn 25 June 2026 undiluted on
Slide 4: Iondrive Team
IONDRIVE TEAM Global experience in mining, technology, and commercialisation For personal use only Michael McNeilly Dr Duncan Turner Andrew Sissian Adam Slater NED · PhD Chair · BA Econ NED · CPA, MAcc, BCom NED · BA (Electrometallurgy) CEO of Strata Investments Holdings Plc Process and technology s
Slide 5: 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 6: 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. That gap is common across e-waste, For personal use only solar, and battery materials. E-WASTE / RARE EARTHS China share of refining THE VALUE
Slide 7: One selective platform, applied across feedstocks
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; tuneable formulation per feedstock. Selective, low-temperature, closed-loop. For personal use only FEEDS
Slide 8: 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 9: 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 10: 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 an incentive value of up to US$15m (aggregate target value), with initial US$5.2M for establishing Iondrive’s first U
Slide 11: 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 commerci
Slide 12: Long-dated optionality on the same platform
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 13: What ION has delivered
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 14: Each module: small capex, fast payback, repeatable
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 15: 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 16: 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 For personal use only across more feedstocks and higher throughput. 01 02 03 CY 2025 CY 2026 CY 2027 CY 2028 CY 2029+
Slide 17: Catalyst calendar
NEWSFLOW Catalyst calendar “Our ambition is to deliver value across three horizons — creating early revenue, scaling into intermediates, and leading in For personal use only global recycling — while compounding shareholder value over time.” Lewis Utting, CEO REE Phase 2 TEE delivered Pilot Plant Wet
Slide 18: Investment Highlights
IONDRIVE LIMITED (ASX:ION) Investment Highlights ION's market cap is ~A$30m 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 recovery and Phase
Slide 19: Contact
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