en.Wedoany.com Reported - Adelaide-based industrial technology company DryFlow Magnetics recently announced it is accelerating the manufacturing and deployment of its waterless iron ore processing technology. Following the successful completion of a $10 million funding round in December 2025, the company is extending its seed funding round, aiming to finance the installation of its first commercial pilot plant. The facility is planned to be deployed at an active mining site in South Australia, where, in partnership with Peak Iron Mines, it will conduct trial production of high-purity iron ore concentrate.
This innovative waterless iron ore processing technology employs a dry magnetic separation process, designed to address the limitations of traditional wet processing methods in water-scarce regions. CEO Brett Boynton pointed out the growing demand for high-purity iron ore concentrate in the green steel industry, and how this technology can upgrade low-grade resources into premium concentrate. He stated: "This approach changes the future of the industry. Miners have no upfront capital expenditure, no technical risk, and the process for producing high-purity ore is significantly simplified."
Regarding its business model, DryFlow Magnetics has adopted an approach where equipment is installed at customer sites and fees are charged based on processing volume, effectively lowering the adoption barrier for companies. Currently, this waterless iron ore processing technology has been validated through ore testing at multiple locations in Australia and has attracted broad commercial interest, including from clients in the United States. Investment institutions such as Orion Industrial Ventures believe the system can monetize idle assets and waste streams at a lower cost, helping to address global mineral processing bottlenecks.
To ensure equipment production and implementation, DryFlow Magnetics is closely collaborating with South Australian manufacturing company Century Engineering and engineering services provider Ammjohn Solutions. By upgrading low-grade iron ore resources, this waterless iron ore processing technology will help Australia better participate in the emerging green steel supply chain, while simultaneously tackling the dual challenges of declining ore grades and water scarcity at mining sites.
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