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The latest update is out from Southern Gold Limited ( (AU:ION) ).
Iondrive Limited has issued a total of 13,409,087 fully paid ordinary shares in two tranches on 30 January and 6 February 2026 without a prospectus, relying on provisions under section 708A of the Corporations Act. The company confirmed it is compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information requiring disclosure, signalling that the capital raising has been conducted within standard regulatory frameworks and supports ongoing development of its critical minerals extraction technology.
The most recent analyst rating on (AU:ION) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Southern Gold Limited stock, see the AU:ION Stock Forecast page.
More about Southern Gold Limited
Iondrive Limited is an Australian technology company developing IONSolv™, a metal extraction platform focused on the selective recovery of critical minerals. The process operates at low temperatures, avoids aggressive acids and employs tuneable chemistry to support efficient, closed-loop extraction from various feedstocks, with initial deployment targeting battery materials and broader applications in mineral processing and urban mining of e-waste.
Average Trading Volume: 2,003,099
Technical Sentiment Signal: Buy
Current Market Cap: A$55.02M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.