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Southern Gold Limited
(Sydney:ION)
Southern Gold Limited (ION) vs. iShares MSCI Australia ETF (EWA)
Southern Gold Limited Business Overview & Revenue Model
Southern Gold Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 245.29K | 245.29K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 128.07K | 173.22K | 0.00 | 0.00 | 0.00 |
| EBITDA | -5.63M | -5.63M | -6.05M | -7.92M | -7.48M |
| Net Income | -4.62M | -4.62M | -6.12M | -8.04M | 4.34M |
Balance Sheet | |||||
| Total Assets | 8.99M | 8.99M | 4.99M | 8.61M | 25.11M |
| Cash, Cash Equivalents and Short-Term Investments | 5.87M | 5.87M | 2.76M | 4.21M | 8.00M |
| Total Debt | 0.00 | 0.00 | 19.82K | 33.52K | 124.46K |
| Total Liabilities | 1.54M | 1.54M | 958.23K | 944.33K | 683.92K |
| Stockholders Equity | 7.45M | 7.45M | 4.04M | 7.66M | 24.43M |
Cash Flow | |||||
| Free Cash Flow | -4.02M | -4.02M | -3.65M | -4.80M | -4.35M |
| Operating Cash Flow | -3.98M | -3.98M | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | 212.02K | 212.02K | 1.38M | -531.09K | -2.33M |
| Financing Cash Flow | 6.87M | 6.87M | 623.76K | 4.31M | 8.86M |
Southern Gold Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$67.60M | -9.22 | -27.44% | ― | ― | ― | |
49 Neutral | AU$50.73M | -7.84 | -81.94% | ― | ― | ― | |
49 Neutral | AU$87.26M | -0.28 | -47.55% | ― | ― | ― | |
47 Neutral | AU$168.55M | -4.07 | -135.79% | ― | ― | ― | |
45 Neutral | AU$57.51M | -5.08 | -518.34% | ― | ― | ― |
Southern Gold Limited Corporate Events
IONDRIVE Limited, listed on the ASX under the code ION, has disclosed plans for a new securities issue but has not provided further information in this document about its industry, core activities, or target markets. The company has lodged an Appendix 3B detailing a proposed placement or other type of issue of up to 26 million options, each exercisable at $0.067 and expiring in January 2030, with a proposed issue date of 30 January 2026, signaling a potential capital-raising move that could expand its capital base and dilute existing shareholders depending on future option exercise.
Iondrive Limited has called a general meeting of shareholders for 22 January 2026 at Mills Oakley’s Melbourne offices, scheduled for midday AEDT, and has shifted to primarily electronic distribution of meeting materials, directing investors to its website and the ASX announcements platform for the Notice of Meeting. The company is encouraging shareholders to participate via proxy by an online platform or traditional mail and hand delivery ahead of a strict deadline, underlining an ongoing move toward digital investor communications and formal engagement on key resolutions to be considered at the meeting.
IONDRIVE LIMITED has announced a new issuance of securities on the Australian Securities Exchange (ASX), with 100,000 ordinary fully paid shares to be quoted as of December 17, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional liquidity options for its stakeholders.
Iondrive Limited has bolstered its financial position by receiving $1.3 million from the Australian Government’s R&D Tax Incentive and an additional $1.1 million from the Industry Growth Program. These funds, along with a recent $4 million capital raise, will support the development of its sustainable Deep Eutectic Solvent (DES) technology for applications in e-waste recycling, Li-ion battery recycling, solar cell recycling, and mineral processing. The financial boost is expected to enhance Iondrive’s operational capabilities and expand its market reach in the sustainable recycling and metal extraction sectors.
IONDRIVE LIMITED has announced the application for quotation of 77,500,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move is part of previously announced transactions and signifies a strategic step in enhancing the company’s market presence and liquidity, potentially impacting its stakeholders positively.
Iondrive Limited announced the successful passing of all resolutions at its Annual General Meeting, including the adoption of the Remuneration Report, re-election of directors, approval of an Employee Incentive Plan, and a 10% Placement Capacity. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives in metal extraction and recycling, potentially enhancing its market presence and stakeholder value.
Iondrive Limited has presented its CEO’s presentation at the 2025 Annual General Meeting, highlighting its innovative approach to metal extraction using Deep Eutectic Solvent technology. This advancement positions the company to potentially transform the battery recycling industry by offering a more sustainable and efficient method of recovering critical metals, with implications for expanding into other markets like mineral processing and urban mining.
Iondrive Limited has made significant strides in the past year by establishing a clear technology brand, focusing on high-value verticals, and building strong international partnerships. The company has positioned itself for global execution with subsidiaries in Germany, the Netherlands, and the US, and has developed a scalable, capital-efficient model. Iondrive’s unique technology platform for critical metal recovery aligns with global trends towards sustainable materials processing, setting it apart in the industry. The company’s disciplined execution and strategic direction have been acknowledged by its leadership, with plans to continue scaling responsibly and transparently.
IonDrive Limited has announced a new issuance of securities, with a total of 90,909,087 ordinary fully paid shares to be issued. This move is part of a placement or other type of issue, with the proposed issue date set for December 1, 2025. The announcement indicates that the company is seeking to expand its capital base, which could potentially enhance its market position and provide new opportunities for growth.
Iondrive Limited has successfully raised $4 million through a share placement to advance its e-waste recycling initiatives in the USA. The funds will be used to commercialize Iondrive’s IONSolv™ technology, focusing on processing end-of-life permanent magnets to recover rare-earth oxides. This initiative aims to reduce North America’s reliance on imported REOs and complements Iondrive’s ongoing efforts in battery and solar panel recycling. The company has signed a binding agreement with Colt Recycling LLC to provide mixed e-waste feedstock, and is progressing with a techno-economic assessment for a modular recycling plant. The move strengthens Iondrive’s market position and supports its applications for US Government grants.
Iondrive Limited, listed on the Australian Securities Exchange under the code ION, has requested a trading halt on its securities as it prepares to make an announcement concerning a capital raising initiative. The halt is expected to last until the announcement is made or until the commencement of normal trading on November 25, 2025. This move indicates that the company is in the process of securing additional capital, which could have significant implications for its financial strategy and market operations.
IonDrive Limited, listed on the ASX under the code ION, announced the cessation of 4,380,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of October 31, 2025. This cessation of securities may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies and market positioning.
Iondrive Limited has launched a solar panel recycling initiative aimed at recovering high-purity silver and silicon, addressing a major market gap in the recycling of end-of-life photovoltaic cells. This initiative is expected to capitalize on strong silver prices and rising silicon demand, positioning Iondrive as a leader in high-value solar panel recycling. The program, in collaboration with the University of Adelaide and a UK commercial laboratory, seeks to leverage Iondrive’s DES technology to efficiently recover valuable materials, offering significant economic and environmental benefits. With the Australian solar waste stream projected to exceed 100,000 tonnes annually by 2030, Iondrive’s efforts could transform the recycling landscape, providing a scalable solution for urban mining applications.
Iondrive Limited has announced its Annual General Meeting (AGM) scheduled for November 27, 2025, at Mills Oakley Lawyers’ offices in Sydney. The company will not send physical copies of the Notice of Meeting unless requested, directing shareholders to access it online. Shareholders are encouraged to submit proxy forms and questions in advance to facilitate the meeting process.
Iondrive Limited, a company involved in battery recycling, has announced its participation in a €3.1 million European consortium aimed at establishing a closed-loop battery recycling industry in Germany. The consortium, led by PEM RWTH Aachen University and backed by a €2.1 million German government grant, seeks to demonstrate that recycled battery cells can perform as well as those made from virgin metals. Iondrive will play a key role by processing battery black mass into high-purity metals using its sustainable DES method, which will support its entry into the European market and strengthen its position in the battery materials supply chain.
Iondrive Limited has entered into a binding agreement with LAT66 Limited to apply its DES technology to cobalt concentrates from LAT66’s projects in Finland, which host one of Europe’s largest undeveloped cobalt deposits. This initiative marks the first application of Iondrive’s DES technology to virgin mining concentrates, extending its commercialisation beyond recycling. The collaboration aims to demonstrate the selectivity and efficiency of the DES process in processing cobalt-rich materials, reinforcing its potential in the European critical minerals supply chain.
Iondrive Limited’s CEO, Dr. Ebbe Dommisse, is participating in an Australian Government-led delegation to the U.S. to engage with leaders in critical minerals and energy security. This initiative includes investment and R&D roundtables aimed at enhancing collaboration on supply-chain resilience and critical-minerals innovation. Following the U.S. engagements, Dr. Dommisse will lead a European investor roadshow to leverage Iondrive’s Frankfurt Stock Exchange listing, focusing on sustainable critical-minerals solutions. The company’s strategic moves are poised to strengthen its market position and deliver long-term value for shareholders.