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Southern Gold Limited ( (AU:ION) ) just unveiled an update.
Iondrive Limited, an innovative player in the battery materials sector, has announced a significant milestone with the completion of an independent economic analysis on its Deep Eutectic Solvent (DES) black mass recycling plant. The analysis, performed by Model Answer, confirms the project’s strong financial viability with a post-tax NPV of $249M and an IRR of 17.4%. This positions Iondrive as a promising investment opportunity by offering an environmentally friendly process for recovering battery minerals. The construction of a pilot plant is planned for 2025, marking a critical step towards full-scale commercial deployment, thereby reinforcing Iondrive’s strategic positioning in meeting the increasing demand for battery-grade materials.
More about Southern Gold Limited
Average Trading Volume: 56,970
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €12.96M
Find detailed analytics on ION stock on TipRanks’ Stock Analysis page.