Slide 1: ASX Release: Webinar Presentation: ION's Battery Recycling PFS
ASX RELEASE ASX CODE: ION 7th November 2024 Webinar Presentation: ION’s Battery Recycling PFS Iondrive Limited (ASX: ION) (Iondrive or the Company) is pleased to provide a copy of the presentation being provided at a Webinar commencing today at 12pm AEDT. At the webinar, the Company’s CEO, Dr Ebbe D
Slide 2: Investor Webinar: Pre-Feasibility Study – Greener and Cheaper Battery Recycling Technology
For personal use only INVESTOR WEBINAR: Pre-Feasibility Study – Greener and Cheaper Battery Recycling Technology November 2024
Slide 3: Disclaimer
Disclaimer Forward looking statements This document contains certain forward-looking statements that involve risks and uncertainties. Although we Not an offer of securities believe that the expectations reflected in the forward-looking statements are reasonable at this time, we can give no assurance
Slide 4: Agenda
Age n da 01 Background 02 PFS Update For personal use only 03 Technology De-risking 04 Commercial De-risking 05 Conclusions & Next Steps
Slide 5: Background
For personal use only 01 Background
Slide 6: Powering the Future of Sustainable Battery Recycling
Powering the Future of Sustainable Battery Recycling Huge Market Opportunity ● Global battery recycling demand is forecast to grow 25% annually, reaching 11 million tonnes of black mass by 2040. ● EU regulatory tailwinds, including the Batteries Regulation, will drive demand for recycled materials,
Slide 7: Commercialisation Pathway
Commercialisation Pathway For personal use only PFS We are here Technology Development • Scale-up Market Development • Strategic Partnerships • EU market breakthrough
Slide 8: PFS Update
For personal use only 02 PFS Update
Slide 9: DES Development Pathway
DES Development Pathway Complete In Progress Pending PFS Comme rc ia lly Ac t ive PFS = Te c hno-Ec onomic 2-3 years Eva lua t ion For personal use only FY 20 25 FY 20 30 De -ris kin g s t ra t e g ie s : Lab Examination Bench Scale Technology Pilot Scale Sma lle r Sc a le Full Scale Idea Stage (UoA
Slide 10: PFS De-risking Activities
PFS De-risking Activities Complete In Progress Pending Iondrive has completed the Pre-feasibility Study on Schedule in October 2024. The PFS is a Techno-Economic Evaluation focusing on technological, commercial, and executional de-risking strategies. These de-risking activities ensure a strong found
Slide 11: Technology De-Risking
For personal use only 03 Technology De-Risking
Slide 12: Large-scale Trials
Large-scale Trials Battery Minerals Total Recovery Pretreated Raw Black IMO1 UoA Black Mass Mass pCAM pCAM Lithium 89.1% 82.9% NA NA For personal use only Nickel 100.0% 88.5% 98.3% 97.6% Cobalt 98.6% 96.5% 98.6% 97.6% Manganese 98.4% 94.4% 84.6% 87.7% Full Scale Key Insights Commercial • New Pre-tre
Slide 13: Engineering Studies
Engineering Studies Wood Concept Studya • Designed for 18,000 tpa raw black mass, yielding 10,000 tpa treated black mass with battery-grade materials. For personal use only • Utilises inputs from large-scale bench trials to develop a Process Flowsheet targeting 99% purity (excl. pre- treatment stage
Slide 14: Conclusions
Conclusions • Chemistry Scales • Higher metals recoveries than conventional hydromet • High solvent recoveries with environmentally acceptable solvents For personal use only • Technically Feasible • Capex and Opex highly competitive • Now an engineering challenge to design a commercially viable proc
Slide 15: Commercial De-Risking
For personal use only 04 Commercial De-Risking
Slide 16: PEM Benchmarking Study
PEM Benchmarking Study c Objectives • Evaluation of ION’s DES process economics with a similar-sized conventional hydromet LiB recycling process in EU • Comparison of Capex and Opex (WOOD Study vs PEM’s database), and Revenues For personal use only Resultsd Item ION DES ION DES +30%1 Competition ION
Slide 17: Conclusions
07 Conclusions • Commercial Competitiveness: Capex is 36% lower than competitors, with Opex at parity. Profitability: The DES process is more cost-effective than EU competitors, with For personal use only • profitability expected to grow as commodity prices rise. Next Steps: • Independent third-part
Slide 18: PFS Conclusions
For personal use only 05 PFS Conclusions
Slide 19: Strategic Industry Partnerships – De-Risking Strategy
Strategic Industry Partnerships – De-Risking Strategy We areWe are forming forming strategic strategic partnerships partnerships to DE -RISK to DE-RISK commercialisation commercialisation (PEM Motion) (PEM Motion) TOP 10 REASONS FOR STARTUP FAILURE DE-RISK INVESTMENT DECISIONS For personal use only
Slide 20: PFS Conclusions – Greener and Cheaper
PFS CONCLUSIONS – Greener and Cheaper TECHNOLOGY ISO 56,000 Dashboard Score • DES Process shown to be Technically Feasible Feasibility (Technology) High • Compelling Environmental Value Proposition Viability (Commercial) High For personal use only Desirability (Market) High COMMERCIAL • Benchmarking
Slide 21: Next Steps
Next Steps • Proceeding to Pilot Plant stage • Wood Concept Study for Pretreatment Process • Independent Economic Modelling to develop NPVs and IRRs to evaluate Business Case(s) for For personal use only scenarios • Pursuing non-dilutive Funding grants etc in AUS + EU (noting that backed by strong i