Applications

premium magnetite enabling multiple industries

Athena’s Applications focus is built around one simple idea: premium, ultra-high-grade magnetite unlocks more than one end user market. With a target concentrate of 70%+ Fe, low impurities, and consistent chemistry, Athena’s product is positioned for customers and processes that need reliability and tight specifications—not just bulk tonnes. That matters because the fastest-growing demand themes (decarbonised steelmaking, advanced manufacturing inputs, and certain industrial separation uses) increasingly reward quality, repeatability, and cleaner feedstocks over “average” ore.
 
Why Athena: Athena is pursuing a strategy that prioritises value per tonne and market optionality. By focusing on ultra-high-purity magnetite concentrate, Athena aims to (1) align with the industry shift to lower-emissions steelmaking pathways (including DRI), (2) access specialty and performance-driven segments where impurities and variability can be costly, and (3) maintain flexibility to supply multiple applications as pricing and demand cycles change. In short, Athena’s advantage is the combination of grade + purity + consistency, which broadens potential customer types and supports a more resilient commercial pathway than reliance on a single commodity outlet.

green steel & sustainable steelmaking

Direct Reduced Iron (DRI)

  • Market: USD 70.6B by 2033 (8% CAGR)
  • H2-DRI: 64% of 2050 steel production
  • Byro Advantage: 70%+ Fe ideal for gas-based and hydrogen-based DRI
  • Benefits: 15-40% CO₂ reduction, higher productivity, lower fuel consumption

Premium Steel Production

  • Advanced high-strength steels for automotive
  • Electrical steels for EV motors
  • Specialty alloys requiring ultra-low impurities

battery technology & energy storage

Lithium-Iron-Phosphate (LFP) Batteries

  • Cost-effective alternative to nickel-cobalt
  • Enhanced safety and longer cycle life
  • Growing EV and grid storage market

Vanadium Redox Flow Batteries (VRFB)

  • Long-duration storage (20+ year life)
  • WA government supporting local battery manufacturing
  • Critical mineral recovery from magnetite

Iron-Air Batteries

  • Ultra-long-duration (100+ hours)
  • Lowest cost per kWh
  • Emerging technology with scale potential

industrial processing

Dense Media Separation (DMS)

  • 99% Fe₃O₄ purity for mineral processing
  • Magnetically recoverable – indefinite reuse
  • 80% cost reduction vs non-recoverable media

Water Treatment

  • Heavy metal removal
  • Industrial wastewater treatment
  • Contaminant absorption

Specialised Uses

  • Radiation shielding
  • Catalysts
  • Pigments and coatings

medical & healthcare

Medical Devices

  • Ultra-pure iron for surgical-grade stainless steel
  • Medical implants and instruments

Medical Imaging

  • Iron oxide nanoparticles for MRI contrast agents
  • Safer alternatives to gadolinium