Image of a lithium battery
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Iondrive Ltd (ASX:ION) has achieved recovery rates of 100%, 98.6%, 98.4%, and 89.1% for nickel, cobalt, manganese, and lithium from raw black mass, according to a new study of its lithium-ion battery recycling process.

A previous study – reported in July – proved the scalability of the company’s recycling process using pure precursor Cathode Active Material (pCAM), excluding lithium.

In this new study, the black mass (or grounded spent batteries, with a mixture of different Li-ion battery types) was subjected to a three-stage pre-treatment process to remove impurities, and yielding the recoveries in question – an improvement from previous findings.

The study is an important milestone for the company, which is on-track to complete a prefeasibility study on its battery recycling technology by the end of October.

Once that’s complete, Iondrive will look at the development of a pilot plant for the technology, as well as opportunities for industry collaboration and non-dilutive funding in Europe and Australia.

Iondrive CEO Ebbe Dommisse said the results were a major breakthrough.

“Achieving such high recovery rates from mixed Black Mass is a significant step forward,” he said.

“Compared to our previous trials, which used pristine material, these new results demonstrate the robustness of our process, even with lower-quality, mixed material.

“Looking ahead, we expect to work with more consistent, higher-grade material through partnerships, which will further improve the efficiency and reliability of our recycling technology.”

Iondrive has been trading at 1.2 cents.

Join the discussion: See what HotCopper users are saying about Iondrive and be part of the conversations that move the markets.

ion by the numbers
More From The Market Online

Carnarvon Energy confirms rig booked for key offshore WA oil hunt

Carnarvon Energy has contracted specialist offshore drilling rig Transocean Equinox to test an Australian offshore oil…

Pro Medicus signs $44M in health contracts

Health imaging company Pro Medicus has announced the signing of $44 million in separate contracts through…

Adavale Resources increases Lachlan Fold Belt gold resource by 44%

Adavale Resources has made a strategic acquisition to advance its gold and copper focus on the…
The Market Online Video

Ahead of schedule: Prospect Resources’ copper growth story in Zambia

Welcome to the latest HotCopper Capital Compass, where we’ve spoken to Prospect Resources (ASX:PSC) executive finance director Ian Goldberg