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Private Placement

Dingo Technology Pty Ltd

DINGO

Lead Manager

Minimum Investment

A$20,000

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Private Placement

Offer Details

Issue Price (Per Share)

A$196.625

Offer Size

A$1,200,000

Shares Available

6,103

Private placement of Shares to professional and sophisticated investors within section 708(8) and s708(11) of the Corporations Act (“Offer”)

An Offer to issue a minimum of 5086, and up to 6103, New Shares at an issue price of A$196.62 per share to raise a minimum of AUD$650k, and up to AUD$1.2m on a rolling basis, via a private placement.

The Company reserves the right to accept applications at the Board’s discretion and receive over subscriptions of up to AUD$1.5m

Lead Manager: Ironside Capital Pty Ltd (AFSL No. 489781)

Documents & Downloads

Term Sheet

Investor Presentation

Company Overview

Dingo Technology is a private, circular economy-focused enterprise based in Western Australia. Founded in 2017, the company was formed by a dedicated team of metallurgists, chemistry experts, and mineral processing professionals with a shared passion for sustainability. The team’s goal is to transform how the mining and industrial sectors manage waste by introducing commercially viable and environmentally sound recycling methods.

At the core of Dingo Technology’s work is the recovery of lithium borate flux from used X-ray fluorescence (XRF) beads—a material traditionally discarded as waste. By repurposing this waste into usable raw material, Dingo Technology reduces the need for virgin resource extraction and helps clients meet environmental, social and governance (ESG) targets.

The Problem

120 tonnes of highly toxic fusion beads from mining and industrial activity are landfilled annually.

In Australia, an estimated 120 tonnes of lithium tetraborate waste product (or fusion beads) are produced and put into landfill every year - if this is not addressed, there can be severe health and environmental consequences in the long run.

Step 1

An industry-wide standard test known as XRF analysis helps mining and industrials companies determine the elemental composition of samples.

Step 2

Samples mix with lithium borate (X-ray flux) and undergo high-temperature fusion to form beads for XRF analysis.

Step 3

The fusion bead (which consists of both the sample and lithium borate) is typically destined for landfill once analysis is conducted.

Step 4

Landfill chemicals leach over time, polluting water, harming plants and animals, and posing human health risks.

Dingo's Solution

A patented process to recover and recycle fusion beads.

Dingo Technology has a patented process that recovers and recycles this waste product that comes from XRF analysis - providing an infinitely renewable resource for XRF analysis to the mining and industrials sector.

Step 1

The waste XRF beads are delivered to Dingo Technology’s Perth Recycling Plant.

Step 2

These XRF beads are then processed using Dingo Technology’s patented and proprietary process to extract the lithium borate.

Step 3

Once tested and packaged Dingo will send the pure lithium borate back to client laboratories for reuse in future XRF analysis work.

The Market Opportunity

An annual $11-18m captive market in Australia.

As the sole provider of this service globally, Dingo technology has the immediate potential to monopolise the Australian market and recycle 100% of Australia’s XRF fusion beads - an estimated $11-$18m annually recurring revenue market.

The entire 120 tonnes of used XRF fusion beads are currently landfilled, representing a greenfield opportunity to provide a new service to the mining and industrials sector.

Market Traction

Waste contracts signed with FMG and RIO to take fusion beads.

Dingo's focus is to first build throughput to 30 tonnes and progressively expand operations based on their traction.

FY26

Finalise supply contracts with FMG and RIO. Build out factory capacity. Raise awareness about the environmental damage caused by discarding XRF beads in landfills.

FY27

Launch media campaign to advertise partnerships, bringing other mining and industrial companies to the table. Push for the recycling of FLUX to become a standard market operating procedure. Use income to fund expansion of plant to increase throughput.

FY28 +

Formalise agreements with all major mining and industrial users of XRF flux. Explore new waste initiatives boosting revenue stream.

Pre-Commercialization Opportunity

Investing at an early stage, with research and development on the core product already completed.

Strategic Market Positioning

Clear market strategy in place, offering competitive advantages over established companies in sustainability and pricing.

High Profit Potential

Low-cost production model driving strong profit margins forecasted in the near future.

Positive Cash Flow

Expected to be cash flow positive within 12 months.

Established Partnerships

Waste agreements and vendor setups secured with industry leaders, including Fortescue and Rio Tinto.

Strong Demand

Significant interest from both local and international laboratories seeking our services.

Government Grant Potential

Opportunity to access government funding to accelerate growth and expansion.

Environmental Impact

Impact investment that addresses an emerging environmental issue, recently gaining attention.

Cornerstone Venture Capital Fund commitment

After extensive Due Diligence checks Melt Ventures has agreed to support the product alongside the West Australian Government.

Use of Funds

The funds raises will be used for plant updates and OPEX.

Cap Raise expenses

$50,000.00

4.17%

RO Unit, air compressor and filters

$13,000.00

1.08%

Glass crusher

$15,000.00

1.25%

Dust extraction system

$63,000.00

5.25%

Stainless Digestions and Crystallisation VATs

$65,000.00

5.42%

Pumps

$8,000.00

0.67%

Filtration upgrade

$27,000.00

2.25%

Furnaces

$85,000.00

7.08%

Custom Filter press and Crystal wash station

$40,000.00

3.33%

Lab Equipment

$140,000.00

11.67%

Powder compactor / Granulator

$85,000.00

7.08%

Plumbing and Electrical

$25,000.00

2.08%

8 months working capital (OPEX)

$387,000.00

32.25%

Buffer

$262,000.00

21.83%

Total

$1,200,000.00

100.00%

Cap Raise expenses

$50,000.00

4.17%

RO Unit, air compressor and filters

$13,000.00

1.08%

Glass crusher

$15,000.00

1.25%

Dust extraction system

$63,000.00

5.25%

Stainless Digestions and Crystallisation VATs

$65,000.00

5.42%

Pumps

$8,000.00

0.67%

Filtration upgrade

$27,000.00

2.25%

Furnaces

$85,000.00

7.08%

Custom Filter press and Crystal wash station

$40,000.00

3.33%

Lab Equipment

$140,000.00

11.67%

Powder compactor / Granulator

$85,000.00

7.08%

Plumbing and Electrical

$25,000.00

2.08%

8 months working capital (OPEX)

$387,000.00

32.25%

Buffer

$262,000.00

21.83%

Total

$1,200,000.00

100.00%

Board & Management

Dan Tenardi

Director

Mr Tenardi is a highly experienced mining executive with some 40 years in the industry, including with a number of global resource industry leaders across a range of commodities, including iron ore, gold, bauxite, and copper. Mr Tenardi previously spent 13 years with Alcoa, at its bauxite mines in the Darling Range in Western Australia, and a further two years at Alcoa's Kwinana refinery. He has substantial gold mining experience, including with Roche Mining at the Kalgoorlie Superpit and at Anglo Gold Ashanti's Sunrise Dam. Mr Tenardi subsequently worked at executive level for Rio Tinto's Robe River Iron Associates and their East Pilbara Division, and was appointed as a Director of Robe River Iron Associates in the latter years of his employment with Rio Tinto.

Mr. Tenardi was Managing Director of Bauxite Resources Ltd, where he led the rapid growth of the company from its initial exploration phase, expansion of land holdings, to the commencement of trial shipments and securing supportive strategic partnerships with key Chinese partners. Mr Tenardi also held the positions of General Manager of Operations, Chief Operating Officer, Advisor to the Chairman and Director of Mining and Technical Services at CITIC Pacific Mining.

Mr Tenardi is currently non-executive director of Altech Batteries Ltd.

Daniel Fraser

Director

Daniel has over fifteen years of experience in corporate finance, specialising in equity capital markets around ECM, M&A and venture start-ups. Daniel is the founder and Managing Director at Ironside Capital, a corporate advisory firm based in Perth, Western Australia

Daniel started his career at Fortescue Metals Group in iron ore exploration prior to being promoted to the corporate team where he worked in sales and marketing and shipping, working with the executive team on a daily basis during FMG transition from explorer to producer.

Daniel is an advisor to multiple ASX-listed natural resources companies and is a founder and director of an Australian-based lithium exploration company.

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Dingo Technology Pty Ltd. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Dingo Technology Pty Ltd.