An update from Southern Gold Limited ( (AU:ION) ) is now available.
Iondrive Limited has appointed Wave International to lead the Front-End Engineering Design (FEED) for its Pilot Plant, which is on track for commissioning by the end of 2025. The plant, designed as a mobile unit, will initially be located at the University of Adelaide and can be deployed globally. Recent trials have shown a 100% recovery rate of lithium and aluminum from untreated black mass, potentially reducing pre-treatment costs. The company is also exploring the use of its DES technology in critical mineral processing, testing mixed hydroxide precipitate (MHP) from a US-based producer. These developments position Iondrive as a leader in sustainable battery recycling and open new market opportunities in critical mineral processing.
More about Southern Gold Limited
Iondrive Limited operates in the sustainable battery recycling and critical mineral processing industry. The company focuses on developing and commercializing its Deep Eutectic Solvent (DES) technology, which offers a cleaner and more efficient alternative to traditional recycling methods. Iondrive is expanding its market focus to include critical mineral processing, particularly evaluating mixed hydroxide precipitate (MHP) as a potential feedstock.
YTD Price Performance: 54.55%
Average Trading Volume: 26,970
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €13.76M
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