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Iondrive Limited operates as a critical-minerals processing technology company in Australia. The company offers IONSolv, a metal extraction platform technology for the recovery of critical minerals, such as light and heavy rare earth elements, neodymium, praseodymium, and dysprosium from recycled magnets, e-waste, solar cells, and lithium-ion batteries. Its technology is used for e-waste and magnet recovery, battery recycling, solar module recovery, and mining intermediates and tailings applications. The company was formerly known as Southern Gold Limited and changed its name to Iondrive Limited in November 2023. Iondrive Limited was incorporated in 2004 and is based in Adelaide, Australia.
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Public disclosures for Iondrive Ltd (ASX: ION) are limited, with no clear, widely available information about its core operations, products or markets. Because details are sparse, long-term growth drivers are not well documented and appear contingent on future filings, product announcements and commercial traction; investors may view the stock as speculative small-cap exposure if management clarifies strategy and demonstrates execution.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Income before tax | -8.61M | -5.71M | -6.12M | -8.04M | -11.52M |
| Net income | -7.02M | -4.62M | -6.12M | -8.04M | -11.52M |
| Selling general administrative | - | 3.03M | 1.50M | 1.42M | 1.61M |
| Gross profit | -0.00M | 0.17M | - | - | - |
| Reconciled depreciation | - | - | 0.07M | 0.12M | 0.12M |
| Ebit | -10.68M | -5.71M | -6.12M | - | - |
| Ebitda | -10.68M | -5.63M | -6.05M | - | - |
| Depreciation and amortization | 0.00M | 0.07M | 0.07M | - | - |
| Operating income | -10.68M | -6.09M | -5.86M | -4.30M | -5.47M |
| Other operating expenses | 10.68M | 6.33M | 6.74M | - | - |
| Interest expense | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Tax provision | - | 0.00M | 0.00M | 0.00M | 0.00M |
| Interest income | - | 0.01M | 0.25M | 0.03M | 0.00M |
| Net interest income | - | - | 0.04M | 0.03M | -0.00M |
| Income tax expense | -1.42M | -1.09M | - | - | - |
| Total revenue | - | 0.25M | 0.88M | - | - |
| Total operating expenses | 10.68M | 6.26M | 6.74M | - | - |
| Cost of revenue | 0.00M | 0.07M | - | - | - |
| Total other income expense net | 2.07M | 0.38M | -6.12M | -3.78M | -6.05M |
| Net income from continuing ops | - | - | -6.12M | -8.04M | -11.52M |
| Net income applicable to common shares | - | -4.62M | -6.12M | - | - |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Total assets | 9.63M | 8.99M | 4.99M | 8.61M | 12.63M |
| Intangible assets | 1.30M | - | 1.45M | - | - |
| Other current assets | 0.16M | 0.44M | - | - | - |
| Total liab | 3.44M | 1.54M | 0.96M | 0.94M | 1.14M |
| Total stockholder equity | 6.20M | 7.45M | 4.04M | 7.66M | 11.48M |
| Other current liab | 1.31M | - | - | - | 0.48M |
| Common stock | 76.01M | 71.86M | - | - | - |
| Capital stock | - | - | 64.58M | 62.21M | 58.01M |
| Retained earnings | -72.01M | -64.40M | -60.62M | -53.06M | -45.19M |
| Other assets | - | 1.53M | - | - | - |
| Cash | 6.97M | 5.87M | 2.76M | 4.21M | 4.56M |
| Total current liabilities | 3.43M | 1.54M | 0.96M | 0.93M | 1.13M |
| Current deferred revenue | 1.67M | - | - | - | - |
| Net debt | -6.97M | - | - | - | - |
| Short term debt | - | 0.00M | - | - | - |
| Property plant equipment | - | 0.01M | - | - | - |
| Total current assets | 8.32M | 7.45M | 3.47M | 6.73M | 5.84M |
| Long term investments | - | - | - | - | 5.55M |
| Net receivables | 1.19M | 1.14M | 0.19M | - | 0.03M |
| Accounts payable | 0.46M | - | 0.14M | 0.34M | 0.17M |
| Accumulated other comprehensive income | 2.20M | - | - | - | - |
| Non current assets total | 1.31M | - | 1.52M | 1.87M | 6.79M |
| Capital lease obligations | - | - | 0.02M | 0.03M | 0.05M |
| Long term debt total | - | 0.00M | - | - | - |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Investments | - | - | 1.38M | -0.53M | 0.06M |
| Total cashflows from investing activities | 0.56M | 0.21M | 1.38M | - | - |
| Net borrowings | - | - | -0.17M | - | - |
| Total cash from financing activities | 3.85M | 6.87M | 0.62M | 4.31M | -0.07M |
| Net income | -7.19M | -4.62M | -6.12M | -8.04M | -11.52M |
| Change in cash | 1.10M | 3.11M | -1.45M | -0.36M | -3.43M |
| Begin period cash flow | 5.87M | 2.76M | 4.21M | 4.56M | 8.00M |
| End period cash flow | 6.97M | 5.87M | 2.76M | 4.21M | 4.56M |
| Total cash from operating activities | -3.30M | -3.98M | -3.45M | - | - |
| Issuance of capital stock | - | - | 1.07M | 4.52M | - |
| Depreciation | 0.00M | 0.07M | - | - | - |
| Other cashflows from investing activities | 0.20M | 0.24M | -0.10M | - | - |
| Change to account receivables | -0.01M | -0.57M | - | - | - |
| Sale purchase of stock | - | 7.35M | -0.24M | -0.14M | - |
| Other cashflows from financing activities | - | -0.02M | -0.03M | - | - |
| Capital expenditures | 0.00M | 0.04M | 0.20M | 0.66M | 0.37M |
| Change in working capital | 2.56M | -0.17M | -0.70M | - | - |
| Other non cash items | 1.32M | 0.73M | - | - | - |
| Free cash flow | -3.30M | -4.02M | -3.65M | -4.80M | -3.79M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ION Iondrive Ltd |
-0.00 4.88% |
0.08 | - | - | 27.36 | 15.84 | 0.69 | -0.30 |
| NEM Newmont Corporation |
-4.95 2.80% |
171.70 | 12.09 | 10.42 | 6.66 | 3.15 | 4.08 | 6.49 |
| NST Northern Star Resources Ltd |
-0.60 2.24% |
26.13 | 22.36 | 18.80 | 4.85 | 2.15 | 4.51 | 8.33 |
| EVN Evolution Mining Ltd |
-0.59 4.21% |
13.41 | 18.16 | 13.61 | 4.88 | 4.07 | 4.25 | 7.74 |
| DPM Dpm Metals Inc. |
-2.48 4.45% |
53.25 | 12.00 | 9.34 | 9.29 | 2.70 | 5.58 | 8.45 |
Iondrive Limited operates as a critical-minerals processing technology company in Australia. The company offers IONSolv, a metal extraction platform technology for the recovery of critical minerals, such as light and heavy rare earth elements, neodymium, praseodymium, and dysprosium from recycled magnets, e-waste, solar cells, and lithium-ion batteries. Its technology is used for e-waste and magnet recovery, battery recycling, solar module recovery, and mining intermediates and tailings applications. The company was formerly known as Southern Gold Limited and changed its name to Iondrive Limited in November 2023. Iondrive Limited was incorporated in 2004 and is based in Adelaide, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Robert Smillie M.B.A., M.Sc. | MD, CEO & Director | NA |
| Mr. Raymond Robert Ridge B.A., BA (Acc), C.A., CA, GIA (cert) | Financial Controller, CFO & Company Secretary | NA |
| Mr. Ebbe Dommisse | Interim CEO of Iondrive Technologies | NA |
| Mr. Ebbe Dommisse | Chief Executive Officer | NA |
| Mr. Ebbe Dommisse | Chief Executive Officer | NA |
| Mr. Ebbe Dommisse | Chief Executive Officer | NA |
| Mr. Raymond Robert Ridge B.A., BA (Acc), C.A., GIA (cert) | Financial Controller, CFO & Company Secretary | NA |
| Mr. Lewis Edward Utting | Chief Executive Officer | NA |
| Mr. Ebbe Dommisse | Executive Officer | NA |
| Mr. Lewis Edward Utting | Chief Strategy & Commercial Officer | NA |
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