Iondrive Limited · ASX:ION
Iondrive — Corporate Update (January 2026)
19 slides from Iondrive's corporate update, January 2026
Slide 1: Urban Mining: Securing Supply Chains for Critical Minerals
Urban Mining: Securing Supply Chains for Critical Minerals IONSolv — High-Value Recovery, Low Environmental Impact Investor Presentation January 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 IONSolvTM Technology Moat IONDRIVE: THE Massive TAM IONSolv selective, EXECUTION HUB Multi-billion $ low-cost, green opportunities chemistry REUSE RECOVER Road to Cash Flow Strong IP position with Modular alternative to
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: IONSolv: Unlocking the $91B E-waste Opportunity
UNDER-RECYCLED UNDER-RECYCLED&&HIGH HIGHVALUE VALUE IONSolv : Unlocking the $91B E-waste Opportunity Economic Value of Metals from e-waste (Before Management) in USD billion (2022) Metal composition of e-waste by mass Rh 2.3 Sb GLOBAL MARKET UPSIDE Au Ag 0.9 0.3 Ni Fe “Only 22% of e-waste is formall
Slide 5: From Proof of Concept to Commercial Deployment
WHAT WHATWE WEHAVE HAVEACHIEVED ACHIEVED From Proof of Concept to Commercial Deployment Industry-leading recoveries, higher-value outputs, and pilot construction underway; setting the stage for commercial validation in 2026. e-waste & Electronics Batteries Solar & Magnets Graphite & Cobalt Rare Eart
Slide 6: Execution Track Record, Value Still Ahead
NEAR-TERM NEAR-TERMFOCUS FOCUS Execution Track Record, Value Still Ahead Delivering upcoming catalysts that build momentum into the Three Horizons of value creation. A MODULAR, LOW-FOOTPRINT EXTRACTION PLATFORM ENABLING MULTIPLE REVENUE VERTICALS EXECUTED Bench-scale validation EU consortium Techno-
Slide 7: Iondrive's Closed-Loop Metal Recovery vs Legacy Methods
REAGENTS REAGENTSRECYCLED, RECYCLED,NOT NOTWASTED WASTED Iondrive’s Closed-Loop Metal Recovery vs Legacy Methods FROM HIGH-COST / ENVIRONMENTAL IMPACT RISK LOW-COST HIGH RECOVERY STANDARD PROCESS IONSolv CLOSED-LOOP PROCESS HIGH ENERGY HIGH REAGENT USE OFFSHORED PROCESSING LOW SUSTAINABILITY LOW ENE
Slide 8: Upgrading to High Value Oxides
IONDRIVE IONDRIVE CONVERTS CONVERTS LOW-VALUE LOW-VALUE WASTE WASTE INTO INTO HIGH-VALUE HIGH-VALUE OXIDES OXIDES (3–5× (3–5× UPLIFT) UPLIFT) Upgrading to High Value Oxides CHLORIDE HYDROXIDE OXIDE CAGR REE Co Ni METAL VALUE (US$/T) (us$/T) (us$T) 2024-34 OUTPUT Nd 25,000 40,000 70,000 +45,000 8-10%
Slide 9: Iondrive Revenue Pathways
ONE ONETECHNOLOGY TECHNOLOGY– MANY – MANY OPPORTUNITIES OPPORTUNITIES Iondrive Revenue Pathways FEEDSTOCK SOURCES IONDRIVE PROPRIETARY PROCESSING HIGH-VALUE OUTPUTS END MARKETS / Recovered Metals & Oxides CUSTOMERS Electronics & Urban Mining E-waste (Urban Mining) Source: Large recyclers (Colt) Cu A
Slide 10: 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 11: Building Value Across Three Horizons
VALUE VALUEPHASES PHASES Building Value Across Three Horizons 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 commerci
Slide 12: 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 13: 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 14: Capital Structure
SHARE PRICE (6 months) IONDRIVE Capital Structure CORPORATE STRUCTURE Ordinary Shares 1268.2m Share Price (16 January 2026) AUD$0.045 Market capitalisation AUD$55.8m Cash* AUD$4.0m* Enterprise Value (EV) ~AUD$51.74m OPTIONS/PERFORMANCE RIGHTS Various incl Directors, employees & consultants 75,800,00
Slide 15: 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 16: 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 17: Appendix
APPENDIX ASX: ION iondrive.com.au
Slide 18: Market Comparisons
CAPITAL AND VALUATION SUPPORT Market ASX Listed Peers Comparisons Converting titanium scrap to titanium powder CY 2025 first revenue Breakthrough technologies in Metal Flash Joule Heating for expected from small scale demonstration plant critical mineral and Battery Recycling are attracting DES for
Slide 19: References
IONDRIVE IONDRIVE References Wood study: ASX 15th July 2024 PFS: ASX 1st November 2024 PEM Aachen University Benchmarking Study: ASX 1st November 2024 Rho Motion Report: ASX 25th March 2024 BMI Report: ASX 19th February 2025 Model Answer Economic Modelling: ASX 19th February 2025 19 19