0000950170-23-044801 | 6-K | XBRL Viewer

Contributed Equity (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of classes of share capital [abstract]


		June 30, 2023	December 31, 2022	June 30, 2023	December 31, 2022
(All in US$)		Shares	Shares
(a)	Share capital
	Ordinary shares Fully paid	486,947,711	486,774,622	338,155,349	338,108,198

(b)

Ordinary share capital


Date	Details	Note	Number of Shares	US$
January 1, 2023	Balance		486,774,622	338,108,198
March 15, 2023	Exercise of options	(d)	33,333	16,667
March 15, 2023	Exercise of performance rights	(c)	8,309	-
March 15, 2023	Exercise of options	(d)	66,666	59,999
April 12, 2023	Exercise of performance rights	(c)	1,910	-
May 1, 2023	Exercise of performance rights	(c)	23,356	-
June 29, 2023	Exercise of performance rights	(c)	39,515	-
	Share issue costs			(29,515)
June 30, 2023	Balance		486,947,711	338,155,349

Unsecured Convertible Loan Notes and Derivative Financial Instruments

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about financial instruments [abstract]

Unsecured Convertible Loan Notes and Derivative Financial Instruments

Note 9 Unsecured convertible loan notes and derivative financial instruments

On June 21, 2023 the Group issued 45,221,586 convertible loan notes, with a face value of AUD$1.00 per note, a coupon rate of 4%, and a maturity date of June 7, 2028 for proceeds of US$30 million to LGES. The notes have a conversion price of AUD$1.60 per ordinary share. The convertible notes will mandatorily convert into ordinary shares upon acceptance of the first purchase order under the purchase agreement with LGES, although LGES may elect to convert some or all the notes prior to such time. No interest would be payable on the notes in these circumstances.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 9 Unsecured convertible loan notes and derivative financial instruments (continued)

The convertible notes may be redeemed or converted (at the election of LGES) on the maturity date, in which case interest is payable in cash (in respect of a redemption) or "in-kind" (in the case of conversion).

The convertible notes are presented in the consolidated balance sheet as follows:


Borrowings (non-current liabilities)		Consolidated
(All in US$)		2023

Initial recognition		27,640,052
Costs of issue of convertible notes		(43,614)
Interest expense*		44,664
Balance at June 30, 2023		27,641,102
* Interest expense, for the period ending June 30, 2023, is calculated by applying the effective interest rate of 6.564% to the liability component.


Derivative financial instruments (non-current liabilities)		Consolidated
(All in US$)		2023

Initial recognition		2,359,948
Costs of issue of convertible notes		(3,724)
Fair value gain		(263,257)
Effect of foreign currency movements		774
Balance at June 30, 2023		2,093,741

The fair value of the conversion option (derivative financial liability) was determined using Monte Carlo Simulation methodology. The derivative financial liability is carried at fair value at each reporting date, with gains or losses being recognised in the consolidated statement of profit or loss and other comprehensive income. The remainder of the proceeds were allocated to borrowings with the liability recognised at amortised cost until extinguished on conversion or maturity of the notes. Interest is applied using the effective interest rate.

Events Occurring After the Balance Sheet Date - Additional Information (Details)	2 Months Ended	6 Months Ended
	Aug. 25, 2023 shares	Jun. 30, 2023 shares	Jun. 21, 2023 shares
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued			45,221,586
Performance Rights \| Non-KMP employees
Disclosure of non-adjusting events after reporting period [line items]
Performance rights awarded		1,030,325
Events After Reporting Period \| Performance Rights
Disclosure of non-adjusting events after reporting period [line items]
Performance rights awarded	401,984
Events After Reporting Period \| Performance Rights \| Ordinary Shares \| Non-KMP employees
Disclosure of non-adjusting events after reporting period [line items]
Number of shares issued	324,590

Segment Reporting

6 Months Ended

Jun. 30, 2023

Disclosure of operating segments [abstract]

Segment reporting

Note 2 Segment reporting

The Group has identified its operating segments based on the internal reports that are reviewed and used by the Executive Key Management Personnel (Chief Operating Decision Makers or “CODMs”) in assessing performance and determining the allocation of resources. The Group is managed primarily on an operational basis. Operating segments are determined on the basis of financial information reported to the Board.

The CODMs have identified three operating segments being Battery Materials, Battery Technology, and Graphite Exploration. The Battery Materials segment develops and manufactures battery anode materials, and the Battery Technology segment develops battery cell testing equipment, performs consulting services and carries out research and development in battery development (inclusive of cathode technology). The Graphite Exploration segment involves exploration and evaluation activity, as well as maintenance and potential future development of the Mt Dromedary natural graphite deposit.

Basis of accounting for purposes of reporting by operating segments

Accounting policies adopted

Unless stated otherwise, all amounts reported to the CODMs, are determined in accordance with accounting policies that are consistent with those adopted in the annual financial statements of the Group.

Segment assets

Where an asset is used across multiple segments, the asset is allocated to the segment that receives the majority of the economic value from the asset. In most instances, segment assets are clearly identifiable on the basis of their nature and physical location.

Segment liabilities

Liabilities are allocated to segments where there is a direct nexus between the incurrence of the liability and the operations of the segment.

Unallocated items

The following items for revenue, expenses, assets, and liabilities are not allocated to operating segments as they are not considered part of the core operations of any segment:

Interest income

Corporate administrative and other expenses

Income tax expense

Corporate share-based payment expenses

Corporate marketing and project development expenses

Corporate cash and cash equivalents

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 2 Segment reporting (continued)

Corporate trade and other payables

Corporate trade and other receivables

Segment performance


(All in US$)
Half-year ended June 30, 2023	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
Segment revenue:
Hardware sales	-	1,411,867	-	-	1,411,867
Consulting sales	-	2,508,028	-	-	2,508,028
Other income	19,305	372,364	-	-	391,669
Interest income	-	-	-	248,500	248,500
Total income	19,305	4,292,259	-	248,500	4,560,064
Segment net loss from continuing operations before tax	(17,571,042)	(4,753,017)	-	(5,774,688)	(28,098,747)

(All in US$)
Half-year ended June 30, 2022	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
Segment revenue:
Hardware sales	-	1,260,621	-	-	1,260,621
Consulting sales	-	1,918,304	-	-	1,918,304
Other income	25,323	774,934	-	-	800,257
Interest income	-	-	-	6,477	6,477
Total income	25,323	3,953,859	-	6,477	3,985,659
Segment net loss from continuing operations before tax	(11,847,299)	(4,626,905)	-	(14,573,620)	(31,047,824)

Segment assets


(All in US$)	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
June 30, 2023	148,448,476	19,750,814	2,157,208	110,537,135	280,893,633
December 31, 2022	153,744,385	19,635,067	2,219,480	101,825,626	277,424,558

Segment liabilities


(All in US$)	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
June 30, 2023	69,308,586	9,557,042	-	71,913	78,937,541
December 31, 2022	40,119,176	8,960,085	-	2,289,028	51,368,289

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 2 Segment reporting (continued)

Geographical Segments

For the purposes of segment reporting, all segment activities relating to Graphite Exploration are carried out in Australia and all segment activities relating to Battery Materials and Battery Technology are carried out in North America.

Contract Liabilities - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Contract liabilities [abstract]
Grant received		$ 3
Conditions on government assistance	The grant funds are conditional upon the Group creating, filling and maintaining 290 jobs in the State of Tennessee. The grant becomes fully earned if 90% of the performance target is achieved by March 2026, and is repayable in full if a minimum of 50% of the performance target is not achieved by March 2026. The grant is proportionately repayable between 50% and 90% of the performance target being achieved.

Non-current Assets - Investment Securities at Fair Value Through Profit or Loss - Summary of Financial Assets Mandatorily Measured at FVPL (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Unlisted Equity Securities
Disclosure of fair value measurement of assets [line items]
Financial assets measured at FVPL	$ 16,022,682	$ 16,490,271

Share-Based Payments - Summary of Performance Rights (Details)		6 Months Ended
	Apr. 05, 2023	Jun. 30, 2023 USD ($) shares $ / shares	Jun. 30, 2022 USD ($)
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Expense recognized		$ 6,818,045	$ 5,929,068
Performance Rights
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Expense recognized		$ 480,665
Performance Rights \| Key Management Personnel \| Rashda Buttar
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Expiry date	Dec. 31, 2025
Performance Rights \| Key Management Personnel \| Rashda Buttar \| Grant Date, One
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Apr. 05, 2023
Number \| shares		253,401
Vesting date		Dec. 31, 2025
Fair value \| $ / shares		$ 1.21
Expiry date, term		Cessation of employment
Expense recognized		$ 18,839
Performance Rights \| Key Management Personnel \| Nick Liveris \| Grant Date, One
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Apr. 05, 2023
Number \| shares		549,035
Vesting date		Dec. 31, 2025
Fair value \| $ / shares		$ 1.21
Expiry date, term		Cessation of employment
Expense recognized		$ 40,818
Performance Rights \| Key Management Personnel \| Chris Burns \| Grant Date, One
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Apr. 05, 2023
Number \| shares		1,604,871
Vesting date		Dec. 31, 2025
Fair value \| $ / shares		$ 1.21
Expiry date, term		Cessation of employment
Expense recognized		$ 119,312
Performance Rights \| Non-KMP employees
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Jan. 03, 2023
Number \| shares		1,030,325
Vesting date, term		4 equal annual tranches commencing on the anniversary of employment
Fair value \| $ / shares		$ 1.41
Expiry date, term		Cessation of employment
Expense recognized		$ 263,738
Performance Rights \| Non-KMP employees
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Jan. 27, 2023
Number \| shares		58,636
Fair value \| $ / shares		$ 1.86
Expiry date, term		Cessation of employment
Expense recognized		$ 17,671
Performance Rights \| Non-KMP employees
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Feb. 06, 2023
Number \| shares		18,942
Fair value \| $ / shares		$ 1.8
Expiry date, term		Cessation of employment
Expense recognized		$ 5,074
Performance Rights \| Non-KMP employees
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		Mar. 02, 2023
Number \| shares		43,078
Fair value \| $ / shares		$ 1.49
Expiry date, term		Cessation of employment
Expense recognized		$ 8,346
Performance Rights \| Non-KMP employees
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Grant date		May 08, 2023
Number \| shares		124,505
Fair value \| $ / shares		$ 0.99
Expiry date, term		Cessation of employment
Expense recognized		$ 6,867

Contributed Equity - Ordinary Share Capital (Parenthetical) (Details)					6 Months Ended
	Jun. 29, 2023 shares	May 01, 2023 shares	Apr. 12, 2023 shares	Mar. 15, 2023 USD ($) shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 21, 2023 $ / shares shares	Jan. 01, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Disclosure Of Classes Of Share Capital [Line Items]
Number of shares issued							45,221,586
Number of shares issued and fully paid					486,947,711			48,677,462	486,774,622
Par value per share \| $ / shares							$ 1
Share issue expenses \| $					$ 4,201	$ 23,815
Share issue costs \| $					29,515
Raised capital \| $					$ 338,155,349			$ 338,108,198	$ 338,108,198
Exercise of Options
Disclosure Of Classes Of Share Capital [Line Items]
Issue Price \| $ / shares					$ 0.5
Number of Shares				33,333	33,333
Raised capital \| $				$ 16,667
Exercise of Options
Disclosure Of Classes Of Share Capital [Line Items]
Issue Price \| $ / shares					$ 0.9
Number of Shares				66,666	66,666
Raised capital \| $				$ 59,999
Exercise of Performance Rights
Disclosure Of Classes Of Share Capital [Line Items]
Number of Shares	39,515	23,356	1,910	8,309
Number of vested performance rights					73,090

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings per share [abstract]

Schedule of Earnings Per Share


	Consolidated
(All in US$)	2023	2022

Earnings per share for loss from continuing operations
Loss after income tax attributable to the owners of NOVONIX Limited	(28,098,747)	(31,047,824)


	Shares	Shares
Weighted average number of shares used in calculating basic and diluted earnings per share	486,844,497	486,616,365
	US$	US$
Basic earnings per share	(0.06)	(0.06)
Diluted earnings per share	(0.06)	(0.06)

Segment Reporting - Schedule of Segment Assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Operating Segments [Line Items]
Segment assets	$ 280,893,633	$ 277,424,558
Operating Segments \| Battery Materials
Disclosure Of Operating Segments [Line Items]
Segment assets	148,448,476	153,744,385
Operating Segments \| Battery Technology
Disclosure Of Operating Segments [Line Items]
Segment assets	19,750,814	19,635,067
Operating Segments \| Graphite Exploration
Disclosure Of Operating Segments [Line Items]
Segment assets	2,157,208	2,219,480
Unallocated
Disclosure Of Operating Segments [Line Items]
Segment assets	$ 110,537,135	$ 101,825,626

Contributed Equity

6 Months Ended

Jun. 30, 2023

Disclosure of classes of share capital [abstract]

Contributed Equity

11 Contributed equity


		June 30, 2023	December 31, 2022	June 30, 2023	December 31, 2022
(All in US$)		Shares	Shares
(a)	Share capital
	Ordinary shares Fully paid	486,947,711	486,774,622	338,155,349	338,108,198

(b)

Ordinary share capital


Date	Details	Note	Number of Shares	US$
January 1, 2023	Balance		486,774,622	338,108,198
March 15, 2023	Exercise of options	(d)	33,333	16,667
March 15, 2023	Exercise of performance rights	(c)	8,309	-
March 15, 2023	Exercise of options	(d)	66,666	59,999
April 12, 2023	Exercise of performance rights	(c)	1,910	-
May 1, 2023	Exercise of performance rights	(c)	23,356	-
June 29, 2023	Exercise of performance rights	(c)	39,515	-
	Share issue costs			(29,515)
June 30, 2023	Balance		486,947,711	338,155,349

(c)

Exercise of performance rights

During the half-year period, 73,090 ordinary shares were issued on the exercise of vested performance rights. These shares were issued to employees who are not considered Key Management Personnel.

(d)

Exercise of options

During the half-year period 33,333 options were exercised, by employees who are not considered Key Management Personnel, at AUD$0.50 per share and 66,666 options were exercised by former Director, Robert Cooper, at AUD$0.90 per share.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 11 Contributed equity (continued)

(e)

Capital Management

The Group’s objectives when managing capital are to safeguard its ability to continue as a going concern, so that it can continue to provide returns for shareholders, benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital.

The capital structure of the Group includes equity attributable to equity holders, comprising of issued capital, reserves and accumulated losses. In order to maintain or adjust the capital structure, the Group may issue new shares, sell assets to reduce debt or adjust the level of activities undertaken by the Group.

The Group monitors capital on the basis of cash flow requirements for operational and capital expenditure. The Group will continue to use capital market issues to satisfy anticipated funding requirements.

The Group has no externally imposed capital requirements. The Group’s strategy for capital risk management is unchanged from prior years.

Contributed Equity - Schedule of Share Capital (Details) - USD ($)	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Ordinary shares Fully paid, Shares	486,947,711	48,677,462	486,774,622
Ordinary shares Fully paid	$ 338,155,349	$ 338,108,198	$ 338,108,198

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of operating segments [abstract]

Schedule of Segment Performance

Segment performance


(All in US$)
Half-year ended June 30, 2023	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
Segment revenue:
Hardware sales	-	1,411,867	-	-	1,411,867
Consulting sales	-	2,508,028	-	-	2,508,028
Other income	19,305	372,364	-	-	391,669
Interest income	-	-	-	248,500	248,500
Total income	19,305	4,292,259	-	248,500	4,560,064
Segment net loss from continuing operations before tax	(17,571,042)	(4,753,017)	-	(5,774,688)	(28,098,747)

(All in US$)
Half-year ended June 30, 2022	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
Segment revenue:
Hardware sales	-	1,260,621	-	-	1,260,621
Consulting sales	-	1,918,304	-	-	1,918,304
Other income	25,323	774,934	-	-	800,257
Interest income	-	-	-	6,477	6,477
Total income	25,323	3,953,859	-	6,477	3,985,659
Segment net loss from continuing operations before tax	(11,847,299)	(4,626,905)	-	(14,573,620)	(31,047,824)

Schedule of Segment Assets

Segment assets


(All in US$)	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
June 30, 2023	148,448,476	19,750,814	2,157,208	110,537,135	280,893,633
December 31, 2022	153,744,385	19,635,067	2,219,480	101,825,626	277,424,558

Schedule of Segment Liabilities

Segment liabilities


(All in US$)	Battery Materials	Battery Technology	Graphite Exploration	Unallocated	Total
June 30, 2023	69,308,586	9,557,042	-	71,913	78,937,541
December 31, 2022	40,119,176	8,960,085	-	2,289,028	51,368,289

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 2 Segment reporting (continued)

Non-current assets - Exploration and Evaluation Assets

6 Months Ended

Jun. 30, 2023

Disclosure Of Exploration And Evaluation Assets [Abstract]

Non-current assets - Exploration and Evaluation Assets

Note 6 Non-current assets – Exploration and evaluation assets


(All in US$)	June 30, 2023	December 31, 2022


Exploration and evaluation assets – at cost	2,149,952	2,212,013

The capitalised exploration and evaluation assets carried forward above have been determined as follows:

Balance at January 1, 2023	2,212,013
Expenditure incurred during the half-year	5,070
Exchange differences	(67,131)

Balance as at June 30, 2023	2,149,952

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 6 Non-current assets – Exploration and evaluation assets (continued)

The Mt Dromedary asset remains a strategic asset for the Group. All tenement rights remain current, exploration activity is continuing to the extent required under the tenement rights, and a resource, principally high grade graphite, has been identified. It therefore remains appropriate for the asset to be recognised as an exploration and evaluation asset under AASB/IFRS 6 Exploration for and Evaluation of Mineral Resources. The recoverability of the carrying amount of the exploration and evaluation asset is dependent upon the successful development and commercial exploitation or, alternatively, sale of the respective areas of interest.

The Directors have assessed that for the exploration and evaluation assets recognised at June 30, 2023, the facts and circumstances do not suggest that the carrying amount of an asset may exceed its recoverable amount.

Non-current assets - Intangible Assets - Additional Information (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Intangible assets and goodwill [abstract]
Impairment	$ 0

Related Party Transactions - Additional Information (Details)		6 Months Ended
	Apr. 05, 2023 shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 21, 2023 $ / shares shares	Dec. 31, 2022 USD ($)
Disclosure of transactions between related parties [line items]
Expense recognized		$ 6,818,045
Unsecured loan		$ 29,495,988			$ 1,124,932
Number of shares issued \| shares				45,221,586
Par value per share \| $ / shares				$ 1
Proceeds on issue of shares			$ 983,120
Performance Rights
Disclosure of transactions between related parties [line items]
Number Of Performance Right Convertible To Ordinary Shares		1
Key Management Personnel \| Zhanna Golodryga \| Performance Rights
Disclosure of transactions between related parties [line items]
Fees paid to related party		$ 30,000
Key Management Personnel \| Chris Burns, CEO \| Performance Rights
Disclosure of transactions between related parties [line items]
Number Of Performance Right Convertible To Ordinary Shares	1
Expiry date	Dec. 31, 2025
Expense recognized		119,312
Performance rights vest subject to continued employment percentage	50.00%
Vesting percentage subject to achievement of performance conditions	50.00%
Key Management Personnel \| Chris Burns, CEO \| Performance Rights \| Major Ordinary Share Transactions
Disclosure of transactions between related parties [line items]
Granted \| shares	1,604,871
Key Management Personnel \| Nick Liveris, CFO \| Performance Rights
Disclosure of transactions between related parties [line items]
Number Of Performance Right Convertible To Ordinary Shares	1
Expiry date	Dec. 31, 2025
Expense recognized		40,818
Performance rights vest subject to continued employment percentage	50.00%
Vesting percentage subject to achievement of performance conditions	50.00%
Key Management Personnel \| Nick Liveris, CFO \| Performance Rights \| Major Ordinary Share Transactions
Disclosure of transactions between related parties [line items]
Granted \| shares	549,035
Key Management Personnel \| Rashda Buttar \| Performance Rights
Disclosure of transactions between related parties [line items]
Number Of Performance Right Convertible To Ordinary Shares	1
Expiry date	Dec. 31, 2025
Expense recognized		$ 18,839
Performance rights vest subject to continued employment percentage	50.00%
Vesting percentage subject to achievement of performance conditions	50.00%
Key Management Personnel \| Rashda Buttar \| Performance Rights \| Major Ordinary Share Transactions
Disclosure of transactions between related parties [line items]
Granted \| shares	253,401

Non-current assets - Intangible Assets - Summary of Intangible Assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Intangible Assets [Line Items]
Goodwill	$ 11,975,024	$ 11,975,024
Balance	12,082,009	12,173,710
Technology
Disclosure Of Intangible Assets [Line Items]
Intangible assets	$ 106,985	$ 198,686

Non-current assets - Investment Securities at Fair Value Through Profit or Loss

6 Months Ended

Jun. 30, 2023

Financial assets at fair value through profit or loss [abstract]

Non-current assets - Investment Securities at Fair Value Through Profit or Loss

Note 5 Non-current assets – Investment securities at fair value through profit or loss

(i) Classification of financial assets at fair value through profit or loss

The Group classifies equity investments for which it has not elected to recognise fair value gains and losses through OCI as financial assets at fair value through profit or loss (FVPL).

Financial assets measured at FVPL include the following:


(All in US$)	June 30, 2023	December 31, 2022


US unlisted equity securities	16,022,682	16,490,271

On January 31, 2022 NOVONIX Limited entered into a Securities Purchase Agreement with KORE Power, Inc. (“KORE Power”) a US based developer of battery cell technology for the clean energy industry, under which NOVONIX Limited acquired 3,333,333 shares of KORE Power Common Stock at an issue price of USD$7.50 per share, representing approximately 5% of the common equity of KORE Power. The consideration for the shares in KORE Power totalled USD$25 million and was settled through a combination of 50% cash and 50% through the issue of 1,974,723 ordinary shares in NOVONIX Limited.

The equity investment was revalued in 2022 to USD$5.00 per share, which was the share price for a significant capital raise undertaken by KORE Power in November 2022. At June 30, 2023 the investment in KORE Power represents approximately 3.7% of the common equity of KORE Power.

(ii) Amounts recognised in the consolidated statement of profit or loss and other comprehensive income

During the half-year ended June 30, 2023 there have been no gains or losses recognised in the consolidated statement of profit or loss and other comprehensive income related to equity investments held at FVPL.

(iii) Fair value hierarchy

US unlisted equity securities are classified as a Level 3 fair value in the fair value hierarchy as one or more of the significant inputs is not based on observable market data.

The following table presents the changes in level 3 instruments during the half-year period ended June 30, 2023:


(All in US$)		Unlisted equity
		securities

Balance at January 1, 2023		16,490,271
Exchange differences		(467,589)

Balance as at June 30, 2023		16,022,682

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 5 Non-current assets – Investment securities at fair value through profit or loss (continued)

There were no transfers between levels 1, 2 or 3 for recurring fair value measurements during the six-month period. The Group’s policy is to recognise transfers into and out of fair value hierarchy levels as at the end of the reporting period.

(iv) Valuation technique using significant unobservable inputs – Level 3

This category includes assets where the valuation incorporates significant inputs that are not based on observable market data (unobservable inputs). Unobservable inputs are those not readily available in an active market due to market illiquidity or complexity of the product. These inputs are generally derived and extrapolated from observable inputs to match the risk profile of the financial instrument, and are calibrated against current market assumptions, historic transactions and economic models, where available.

The primary approach used in the determination of the fair value of the investment in KORE Power is with reference to the pricing of significant external capital raising activity undertaken by KORE Power. The most recent significant external capital raising undertaken by KORE Power was in November 2022 and no further capital raising has occurred in the six months ended June 30, 2023. The Group also considers market observable inputs based on an analysis of share price movements of listed peer companies in the battery technology sector to assess whether there are market trends which should be factored into the fair value of the investment.

Unsecured convertible loan notes and derivative financial instruments - Convertible Notes Presented in Consolidated Balance Sheet (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Borrowings
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Initial recognition	$ 27,640,052
Costs of issue of convertible notes	(43,614)
Interest expense	44,664
Balance at June 30, 2023	27,641,102
Derivative Financial Instruments
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Initial recognition	2,359,948
Costs of issue of convertible notes	(3,724)
Fair value gain	(263,257)
Effect of foreign currency movements	774
Balance at June 30, 2023	$ 2,093,741

Unsecured Convertible Loan Notes and Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about financial instruments [abstract]

Summary of Convertible Notes Presented in the Balance Sheet

The convertible notes are presented in the consolidated balance sheet as follows:


Borrowings (non-current liabilities)		Consolidated
(All in US$)		2023

Initial recognition		27,640,052
Costs of issue of convertible notes		(43,614)
Interest expense*		44,664
Balance at June 30, 2023		27,641,102
* Interest expense, for the period ending June 30, 2023, is calculated by applying the effective interest rate of 6.564% to the liability component.


Derivative financial instruments (non-current liabilities)		Consolidated
(All in US$)		2023

Initial recognition		2,359,948
Costs of issue of convertible notes		(3,724)
Fair value gain		(263,257)
Effect of foreign currency movements		774
Balance at June 30, 2023		2,093,741

Earnings Per Share - Schedule of Earnings Per Share for Loss from Continuing Operations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Basic net loss per share
Loss after income tax attributable to the owners of NOVONIX Limited, Basic	$ (28,098,747)	$ (31,047,824)
Diluted net loss per share
Loss after income tax attributable to the owners of NOVONIX Limited, Diluted	$ (28,098,747)	$ (31,047,824)

Current assets - Other assets

6 Months Ended

Jun. 30, 2023

Current Assets Other Assets [abstract]

Current assets - Other assets

Current assets – Other assets


(All in US$)	June 30, 2023	December 31, 2022

Escrow reserves	1,427,298	9,137,605

The reserves are funds deposited with the Lender for capital expenditure, insurance, tax, and production as additional collateral for the loan obtained in relation to the purchase of the new facility in Chattanooga, Tennessee. The reserves will be released when the conditions of the loan have been satisfied which is expected to be within 12 months from balance date.

During the period and in accordance with all applicable loan conditions, NOVONIX received the remaining disbursement of the capital expenditure and earnout reserves as the scheduled capital expenditure work was completed, installed, and being utilised by NOVONIX in the ordinary course of business.

Basis of Preparation	6 Months Ended
Basis of Preparation	Jun. 30, 2023
Basis of Preparation [Abstract]
Basis of preparation	1 Basis of preparation This condensed consolidated interim financial report for the half-year reporting period ended June 30, 2023 has been prepared in accordance with Australian Accounting Standard 134 Interim Financial Reporting and the Corporations Act 2001. These financial statements also comply with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), as applicable to interim financial reporting. This condensed consolidated interim financial report does not include all the notes normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the Annual Report for the period ended December 31, 2022 and any public announcements made by the Group during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001. The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The interim consolidated financial statements of the consolidated entity (referred to hereafter as the “Group”, or “Novonix”) consists of Novonix Limited and the entities it controlled at the end of, or during, the half-year ended June 30, 2023. a) Going Concern The financial report has been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the normal course of business. The Group incurred a net loss of $28,098,747 (June 30, 2022: $31,047,824) and net operating cash outflows of $21,142,024 (June 30, 2022: $17,765,648) for the half-year ended June 30, 2023. As at June 30, 2023 the Group has a cash balance of $99,075,082 (December 31, 2022: $99,039,172) and net current assets of $102,355,842 (December 31, 2022: $107,683,066). The Group is continuing to execute on its expansion plans of reaching production capacity of 150,000 tonnes per year by 2030 and in order to fund these expansionary activities, which will primarily involve significant capital expenditure, additional funding beyond the existing cash balance at June 30, 2023, and forecast inflows from customers, will be required. These conditions give rise to a material uncertainty which may cast significant doubt (or substantial doubt as contemplated by Public Company Accounting Oversight Board (“PCAOB”) standards) over the Group’s ability to continue as a going concern. The ability of the Group to continue as a going concern is principally dependent upon one or more of the following: • the ability of the Group to raise funds as and when necessary from either customers, governments and/or investors in the form of debt, equity and/or grant funding; • the successful and profitable growth of the battery materials, battery consulting and battery technology businesses; and • the ability of the Group to meet its cash flow forecasts. The directors believe that the going concern basis of preparation is appropriate as the Group has a strong history of being able to raise capital from debt and equity sources, most recently through the issue of US$30 million of unsecured convertible loan notes to LG Energy Solution (LGES) during the period (note 9). In November 2022, the Group was selected to enter negotiations with the US Department of Energy (DOE) to receive up to US$150 million of grant funding. These negotiations are still ongoing. The Group has also had a formal application submitted and was invited into Stage 3 of the DOE Loan Program Office (LPO) with the potential funds to be used to develop a new greenfield production facility. Should the Group be unable to continue as a going concern, it may be unable to realise its assets and discharge its liabilities in the normal course of business, and at amounts stated in the financial report. This financial report does not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts or classification of liabilities and appropriate disclosures that may be necessary should the Group be unable to continue as a going concern. b) Historical cost convention The financial statements have been prepared under the historical cost convention, except for, where applicable, the revaluation of available-for-sale financial assets, financial assets and liabilities at fair value through profit or loss, certain classes of property, plant and equipment and derivative financial instruments. c) Classification of expenses During the period ended June 30, 2023, management reassessed the classification of certain expenses and has reclassed $2,296,138 from Employee Benefits Expense to Product Manufacturing and Operating Costs. The comparative period has been prepared on a like for like basis. An amount of $2,525,462 has been reclassified from Employee Benefits Expense to Product Manufacturing and Operating Costs in the comparative period. The reclassification of Employee Benefits Expense to Product Manufacturing and Operating Costs has been made as the business has transitioned to a standard costing approach which incorporates labour costs. d) Borrowings Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in profit or loss over the period of the borrowings using the effective interest method. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED JUNE 30, 2023 Note 1 Basis of preparation (continued) The fair value of the liability (borrowings) portion of a convertible bond is determined using a market interest rate for an equivalent non-convertible bond. This amount is recorded as a liability on an amortised cost basis until extinguished on conversion or maturity of the bonds. The remainder of the proceeds is allocated to the conversion option. Alternatively, the fair value of the conversion option is determined using Monte Carlo Simulation methodology, with the remainder of the proceeds allocated to the liability (borrowings) portion. • New and amended standards adopted by the Group The Group has adopted all of the new, revised or amending accounting standards and interpretations issued by the International Accounting Standards Board that are mandatory for the current reporting period. None of the new and amended standards have had any material impact on the financial statements. Amendments to IAS 12 – Deferred Tax related to Assets and Liabilities arising from a Single Transaction: In May 2021, the IASB issued Deferred Tax related to Assets and Liabilities arising from a Single Transaction, which amended IAS 12, Income Taxes. The amendments clarify that companies are required to recognise deferred taxes on transactions where both assets and liabilities are recognised, such as with leases and asset retirement (decommissioning) obligations. The amendments are effective for annual reporting periods beginning on or after January 1, 2023, with earlier application permitted. The adoption of the amendment did not have a material impact on the consolidated financial statements. Any new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. e) Critical accounting estimates The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements were set out in the Annual Report for the period ended December 31, 2022. Set out below are any changes during the period. Valuation of unsecured convertible notes and embedded derivatives The fair value of the conversion feature is determined using a Monte Carlo Simulation, taking into account the terms and conditions upon which the convertible loan notes were issued. The key assumptions include: • The probability of the timing of when the parties will enter into a purchase order for material, which will lead to the mandatory conversion of all loan notes into ordinary shares; • The risk-free rate; and • The volatility of the NOVONIX share price.

Unsecured Convertible Loan Notes and Derivative Financial Instruments - Additional Information (Details)		6 Months Ended
	Jun. 21, 2023 $ / shares	Jun. 30, 2023 USD ($)	Jun. 21, 2023 USD ($) shares
Disclosure of detailed information about financial instruments [abstract]
Number of shares issued \| shares			45,221,586
Percentage of convertible notes	4.00%
Convertible notes maturity date	Jun. 07, 2028
Par value per share \| $ / shares	$ 1
Face value of notes issued \| $			$ 30,000,000
Conversion price of per ordinary share \| $ / shares	$ 1.6
Unpaid interest \| $		$ 0

Related Party Transactions

6 Months Ended

Jun. 30, 2023

Related party transactions

Note 13 Related party transactions

During the half-year period the Group entered into the following related party transactions.

(a)

On April 5, 2023, 1,604,871 performance rights were granted to Chris Burns as an LTI. The performance rights (convertible to ordinary shares on a 1:1 basis) vest on December 31, 2025. 50% of the performance rights vest subject to continued employment over the vesting period, and 50% vest subjec5 to the achievement of performance conditions. An expense of $119,312 was recognised during the six-months ended June 30, 2023 relating to these performance rights.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 13 Related party transactions (continued)

(b)

On April 5, 2023, 253,401 performance rights were granted to Rashda Buttar as an LTI. The performance rights (convertible to ordinary shares on a 1:1 basis) vest on December 31, 2025. 50% of the performance rights vest subject to continued employment over the vesting period, and 50% vest subject to the achievement of performance conditions. An expense of $18,839 was recognised during the six-months ended June 30, 2023 relating to these performance rights.

(c)

On April 5, 2023, 549,035 performance rights were granted to Nick Liveris as an LTI. The performance rights (convertible to ordinary shares on a 1:1 basis) vest on December 31, 2025. 50% of the performance rights vest subject to continued employment over the vesting period, and 50% vest subject to the achievement of performance conditions. An expense of $40,818 was recognised during the six-months ended June 30, 2023 relating to these performance rights.

(d)

During the six-month period ended June 30, 2023, Phillips 66 were paid fees totalling $30,000 for Ms Zhanna Golodryga's services to the Group as a Director. Ms Zhanna Golodryga is not permitted to receive remuneration in her personal capacity under the terms of her employment with Phillips 66 and terms of engagement with the Group. Accordingly, all fees earned by Ms Zhanna Golodryga are paid directly to Phillips 66.

Contract Liabilities - Summary of Grant Funding (Detail) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Contract Liabilities [Line Items]
Contract liabilities - Current	$ 254,174	$ 71,985
Contract liabilities - Non-current	3,000,000	3,000,000
Balance	$ 3,254,174	$ 3,071,985

Contributed Equity - Ordinary Share Capital (Details) - USD ($)					6 Months Ended
	Jun. 29, 2023	May 01, 2023	Apr. 12, 2023	Mar. 15, 2023	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Disclosure Of Classes Of Share Capital [Line Items]
Number of Shares, Balance					486,947,711	48,677,462	486,774,622
Ordinary shares Fully paid					$ 338,155,349	$ 338,108,198	$ 338,108,198
Share issue costs					$ (29,515)
Exercise of Options
Disclosure Of Classes Of Share Capital [Line Items]
Number of Shares				33,333	33,333
Issue Price					$ 0.5
Ordinary shares Fully paid				$ 16,667
Exercise of Options
Disclosure Of Classes Of Share Capital [Line Items]
Number of Shares				66,666	66,666
Issue Price					$ 0.9
Ordinary shares Fully paid				$ 59,999
Exercise of Performance Rights
Disclosure Of Classes Of Share Capital [Line Items]
Number of Shares	39,515	23,356	1,910	8,309

Non-current Assets - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment	$ 125,316,748
Net book amount	136,303,064	$ 125,316,748
Additions	12,738,596
Depreciation charge	(2,026,273)
Exchange differences	273,993
Property, plant and equipment	136,303,064
Plant and equipment
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment	20,868,849
Net book amount	21,242,931	20,868,849
Additions	247,723
Transfers	1,202,607
Depreciation charge	(1,161,347)
Exchange differences	85,098
Property, plant and equipment	21,242,930
Plant and equipment \| Cost
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	26,377,716	24,816,965
Plant and equipment \| Accumulated depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	(5,134,785)	(3,948,116)
Leasehold improvements
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment	579,110
Net book amount	648,962	579,110
Additions	193,251
Transfers	88,882
Depreciation charge	(212,281)
Property, plant and equipment	648,962
Leasehold improvements \| Cost
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	1,430,580	1,148,447
Leasehold improvements \| Accumulated depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	(781,618)	(569,337)
Buildings
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment	44,839,066
Net book amount	44,421,976	44,839,066
Additions	95,803
Depreciation charge	(652,645)
Exchange differences	139,752
Property, plant and equipment	44,421,976
Buildings \| Cost
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	47,847,836	47,602,298
Buildings \| Accumulated depreciation
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	(3,425,860)	(2,763,232)
Land
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment	2,314,473
Exchange differences	16,356
Property, plant and equipment	2,330,829
Land \| Cost
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	2,330,829	2,314,473
Construction work in progress
Disclosure Of Property Plant And Equipment [Line Items]
Property, plant and equipment	56,715,250
Additions	12,201,819
Transfers	(1,291,489)
Exchange differences	32,787
Property, plant and equipment	67,658,367
Construction work in progress \| Cost
Disclosure Of Property Plant And Equipment [Line Items]
Net book amount	$ 67,658,366	$ 56,715,250

Current Assets - Other Assets (Tables)

6 Months Ended

Jun. 30, 2023

Current Assets Other Assets [abstract]

Summary of Other Current Assets


(All in US$)	June 30, 2023	December 31, 2022

Escrow reserves	1,427,298	9,137,605

Non-current assets - Intangible Assets

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about intangible assets [abstract]

Non-current assets - Intangible Assets

Note 7 Non-current assets – Intangible assets


(All in US$)	June 30, 2023	December 31, 2022


Goodwill	11,975,024	11,975,024
Technology	106,985	198,686
Balance	12,082,009	12,173,710


(All in US$)	Goodwill	Technology	Total
Balance at the beginning of the half-year	11,975,024	198,686	12,173,710
Amortisation	-	(91,701)	(91,701)

Balance at the end of the half-year	11,975,024	106,985	12,082,009

Intangible assets, other than goodwill, have finite useful lives. The current amortisation charges for intangible assets are included under depreciation and amortisation expense in the consolidated statement of profit or loss and other comprehensive income. Goodwill has an indefinite useful life.

For the purposes of impairment testing, the cash generating unit has been defined as the business to which the goodwill relates where individual cash flows can be ascertained for the purposes of discounting future cash flows.


	Consolidated
The carrying amount of goodwill allocated to the cash generating unit	30 June 2023 US$	31 December 2022 US$
NOVONIX Anode Materials	11,975,024	11,975,024
Total carrying amount of goodwill	11,975,024	11,975,024

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 7 Non-current assets – Intangible assets (continued)

The recoverable amount of the NOVONIX Anode Materials cash generating unit (“NOVONIX Anode Materials CGU”) has been determined on a ‘Fair Value Less Costs to Sell’ (“FVLCS”) basis.

To determine the recoverable amount, the FVLCS was calculated with reference to the issuance of the convertible notes in June 2023 (as outlined in Note 9) given that the convertible loan note issuance is directly associated with the planned future expansion of the NOVONIX Anode Materials CGU. Events occurring between the date of the convertible loan note issuance and June 30, 2023 have also been considered, and the directors do not believe that there have been any material events that would adversely impact the NOVONIX Anode Materials CGU such that the recoverable amount may not exceed the carrying value.

The recoverable amount of the NOVONIX Anode Materials CGU is deemed to be in excess of the carrying value of the CGU, and therefore no impairment has been recognised at June 30, 2023.

Consolidated Statements of Changes in Equity - USD ($)	Total	Contributed equity	Accumulated losses	Share Based Payments Reserve	Foreign Currency Translation Reserve	Convertible Loan Note Reserve
Balance at the beginning of the year at Dec. 31, 2021	$ 272,020,722	$ 325,760,184	$ (79,687,740)	$ 25,788,204	$ (4,363,021)	$ 4,523,095
Loss for the period	(31,047,824)		(31,047,824)
Other comprehensive income	(8,328,385)				(8,328,385)
Total comprehensive loss	(39,376,209)				(8,328,385)
Transactions with owners in their capacity as owners:
Contributions of equity, net of transaction costs	12,251,658	12,251,658
Share-based payment transactions	6,237,307			6,237,307
Balance at the end of the year at Jun. 30, 2022	251,133,478	338,011,842	(110,735,564)	32,025,511	(12,691,406)	4,523,095
Balance at the beginning of the year at Dec. 31, 2022	226,056,269	338,108,198	(138,599,578)	37,161,498	(15,136,944)	4,523,095
Loss for the period	(28,098,747)		(28,098,747)
Other comprehensive income	(2,827,882)				(2,827,882)
Total comprehensive loss	(30,926,629)		(28,098,747)		(2,827,882)
Transactions with owners in their capacity as owners:
Contributions of equity, net of transaction costs	47,151	47,151
Share-based payment transactions	6,779,301			6,779,301
Balance at the end of the year at Jun. 30, 2023	$ 201,956,092	$ 338,155,349	$ (166,698,325)	$ 43,940,799	$ (17,964,826)	$ 4,523,095

- Definition

The amount of residual interest in the assets of the entity after deducting all its liabilities.

+ References + Details

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Non-current Assets - Property, Plant and Equipment (Additional Information) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Disclosure of detailed information about property, plant and equipment [line items]
capital expenditure	$ 7,795,651	$ 16,315,454

Non-current Assets - Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about property, plant and equipment [abstract]

Summary of Property, Plant and Equipment


(All in US$)	June 30, 2023	December 31, 2022

Plant and equipment – at cost	26,377,716	24,816,965
Plant and equipment – accumulated depreciation	(5,134,785)	(3,948,116)
	21,242,931	20,868,849

Leasehold improvements – at cost	1,430,580	1,148,447
Leasehold improvements – accumulated depreciation	(781,618)	(569,337)
	648,962	579,110

Buildings – at cost	47,847,836	47,602,298
Buildings – accumulated depreciation	(3,425,860)	(2,763,232)
	44,421,976	44,839,066

Land – at cost	2,330,829	2,314,473
Construction work in progress – at cost	67,658,366	56,715,250
Balance	136,303,064	125,316,748


(All in US$)	Land	Buildings	Leasehold improvements	Plant and equipment	Construction work in progress	Total

Half-year ended June 30, 2023
Opening net book amount	2,314,473	44,839,066	579,110	20,868,849	56,715,250	125,316,748
Additions	-	95,803	193,251	247,723	12,201,819	12,738,596
Transfers	-	-	88,882	1,202,607	(1,291,489)	-
Depreciation charge	-	(652,645)	(212,281)	(1,161,347)	-	(2,026,273)
Exchange differences	16,356	139,752	-	85,098	32,787	273,993

Closing net book amount	2,330,829	44,421,976	648,962	21,242,930	67,658,367	136,303,064

Non-current assets - Intangible Assets - Summary of Reconciliation of Intangible Assets (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Disclosure Of Intangible Assets [Line Items]
Goodwill, Beginning Balance	$ 11,975,024
Goodwill, Ending Balance	11,975,024
Total, Beginning Balance	12,173,710
Total, Amortisation	(91,701)
Total, Ending Balance	12,082,009
Technology
Disclosure Of Intangible Assets [Line Items]
Intangible assets, Beginning Balance	198,686
Intangible assets, Amortisation	(91,701)
Intangible assets, Ending Balance	$ 106,985

Segment Reporting - Schedule of Segment Liabilities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Operating Segments [Line Items]
Segment liabilities	$ 78,937,541	$ 51,368,289
Operating Segments \| Battery Materials
Disclosure Of Operating Segments [Line Items]
Segment liabilities	69,308,586	40,119,176
Operating Segments \| Battery Technology
Disclosure Of Operating Segments [Line Items]
Segment liabilities	9,557,042	8,960,085
Unallocated
Disclosure Of Operating Segments [Line Items]
Segment liabilities	$ 71,913	$ 2,289,028

Current Assets - Other Assets - Summary of Other Current Assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current Assets Other Assets [abstract]
Escrow reserves	$ 1,427,298	$ 9,137,605

Contract Liabilities (Tables)

6 Months Ended

Jun. 30, 2023

Contract liabilities [abstract]

Summary of Contract Liabilities


(All in US$)	June 30, 2023	December 31, 2022

Contract liabilities – Current	254,174	71,985
Contract liabilities – Non-current	3,000,000	3,000,000

Balance	3,254,174	3,071,985

Earnings Per Share - Schedule of Weighted Average Number of Shares Used as the Basic and Diluted Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Earnings per share [abstract]
Weighted average number of ordinary shares used in calculating basic earnings per share	486,844,497	486,616,365
Weighted average number of ordinary shares used in calculating diluted earnings per share	486,844,497	486,616,365

Non-current Assets - Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about intangible assets [abstract]

Schedule of Intangible Assets


(All in US$)	June 30, 2023	December 31, 2022


Goodwill	11,975,024	11,975,024
Technology	106,985	198,686
Balance	12,082,009	12,173,710


(All in US$)	Goodwill	Technology	Total
Balance at the beginning of the half-year	11,975,024	198,686	12,173,710
Amortisation	-	(91,701)	(91,701)

Balance at the end of the half-year	11,975,024	106,985	12,082,009


	Consolidated
The carrying amount of goodwill allocated to the cash generating unit	30 June 2023 US$	31 December 2022 US$
NOVONIX Anode Materials	11,975,024	11,975,024
Total carrying amount of goodwill	11,975,024	11,975,024

Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2023

Cash Flow Information [Abstract]

Summary of Analysis of Net Debt and Movements in Net Debt

The convertible notes are presented in the consolidated balance sheet as follows:


Borrowings (non-current liabilities)		Consolidated
(All in US$)		2023

Initial recognition		27,640,052
Costs of issue of convertible notes		(43,614)
Interest expense*		44,664
Balance at June 30, 2023		27,641,102
* Interest expense, for the period ending June 30, 2023, is calculated by applying the effective interest rate of 6.564% to the liability component.


Derivative financial instruments (non-current liabilities)		Consolidated
(All in US$)		2023

Initial recognition		2,359,948
Costs of issue of convertible notes		(3,724)
Fair value gain		(263,257)
Effect of foreign currency movements		774
Balance at June 30, 2023		2,093,741

Consolidated statement of profit or loss and other comprehensive income - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Profit or loss [abstract]
Revenue from contracts with customers	$ 3,919,895	$ 3,178,925
Product manufacturing and operating costs (exclusive of depreciation presented separately)	(2,765,896)	(2,718,918)
Administrative and other expenses	(9,803,730)	(9,527,146)
Borrowing costs	(981,100)	(881,568)
Depreciation and amortisation expenses	(2,331,394)	(2,423,450)
Loss on equity investment securities at fair value through profit or loss		(8,113,657)
Research and development costs	(2,278,806)	(2,459,073)
Nasdaq listing related expenses	(168,507)	(927,876)
Share based compensation	(6,818,045)	(5,929,068)
Employee benefits expense	(8,909,635)	(7,162,384)
Foreign currency (loss)/gain	1,134,485	5,109,657
Gain on fair value of derivative financial instruments	263,257
Other income	640,729	806,734
Loss before income tax expense	(28,098,747)	(31,047,824)
Income tax expense	0	0
Loss for the period	(28,098,747)	(31,047,824)
Other comprehensive (loss)/income for the period, net of tax
Foreign exchange differences on translation of foreign operations	(2,827,882)	(8,328,385)
Total comprehensive loss for the period	$ (30,926,629)	$ (39,376,209)
Earnings per share for loss attributable to the ordinary equity holders of the group - basic	$ (0.06)	$ (0.06)
Earnings per share for loss attributable to the ordinary equity holders of the group - diluted	$ (0.06)	$ (0.06)

Borrowings

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about borrowings [abstract]

Borrowings

Note 8 Borrowings


	June 30, 2023			December 31, 2022
(All in US$)	Current	Non- Current	Total	Current	Non- Current	Total
Secured
Bank loans	1,081,050	33,630,803	34,711,853	971,159	34,066,811	35,037,970
Total secured borrowings	1,081,050	33,630,803	34,711,853	971,159	34,066,811	35,037,970
Unsecured
Convertible notes (note 9)	-	27,641,102	27,641,102	-	-	-
Other loans	142,941	1,711,945	1,854,886	114,155	1,010,777	1,124,932
Total unsecured borrowings	142,941	29,353,047	29,495,988	114,155	1,010,777	1,124,932
Total borrowings	1,223,991	62,983,850	64,207,841	1,085,314	35,077,588	36,162,902

Borrowings - Summary of Borrowings (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Disclosure of detailed information about borrowings [abstract]
Secured bank loans, Current	$ 1,081,050	$ 971,159
Secured bank loans, Non-Current	33,630,803	34,066,811
Secured bank loans, Total	34,711,853	35,037,970
Total secured borrowings, Current	1,081,050	971,159
Total secured borrowings, Non-Current	33,630,803	34,066,811
Total secured borrowings	34,711,853	35,037,970
Unsecured Convertible notes, Non-Current	27,641,102
Unsecured Convertible notes	27,641,102
Unsecured other loans, Current	142,941	114,155
Unsecured other loans, Non-Current	1,711,945	1,010,777
Unsecured other loans, Total	1,854,886	1,124,932
Total unsecured borrowings, Current	142,941	114,155
Total unsecured borrowings, Non-Current	29,353,047	1,010,777
Total unsecured borrowings	29,495,988	1,124,932
Total borrowings, Current	1,223,991	1,085,314
Total borrowings, Non-Current	62,983,850	35,077,588
Total borrowings	$ 64,207,841	$ 36,162,902

Contributed Equity - Additional Information (Details) - $ / shares	Jun. 30, 2023	Jun. 21, 2023	Jan. 01, 2023	Dec. 31, 2022
Disclosure of classes of share capital [abstract]
Par value per share		$ 1
Number of shares issued and fully paid	486,947,711		48,677,462	486,774,622

Share-Based Payments - Summary of Share Based Payments Expense (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Share rights granted in a prior period	$ 404,410
Performance rights granted in current period (a)	480,665
Performance rights granted in a prior period	5,752,028
Options granted in a prior period	180,942
Total expense from share-based payment transactions	6,818,045
Performance rights net settled for withholding tax obligation	(38,744)
Movement in share-based payments reserve	$ 6,779,301

Events Occurring After the Balance Sheet Date

6 Months Ended

Jun. 30, 2023

Disclosure of non-adjusting events after reporting period [abstract]

Events Occurring After the Balance Sheet Date

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 15 Events occurring after the balance sheet date

Since the end of the half-year period, the Group have issued 401,984 performance rights and issued 324,590 ordinary shares on the vesting of performance rights to non-KMP employees.

No other matters or circumstances have arisen since June 30, 2023 that have significantly affected, or may significantly affect, the operations of the Group, the results of those operations or the state of affairs of the Group in future financial years.

Earnings Per Share - Schedule of Earnings Per Share (Details) - $ / shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
(a) Basic net loss per share
Basic earnings per share	$ (0.06)	$ (0.06)
(b) Diluted net loss per share
Diluted earnings per share	$ (0.06)	$ (0.06)

Exploration and Evaluation Assets - Schedule of Exploration and Evaluation Assets (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Disclosure Of Exploration And Evaluation Assets [Abstract]
Exploration and evaluation assets - at cost	$ 2,149,952
Balance at the beginning of the period	2,212,013
Expenditure incurred during the period	5,070
Exchange differences	(67,131)
Balance at the end of the period	$ 2,149,952

Borrowings (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about borrowings [abstract]

Summary of Borrowings


	June 30, 2023			December 31, 2022
(All in US$)	Current	Non- Current	Total	Current	Non- Current	Total
Secured
Bank loans	1,081,050	33,630,803	34,711,853	971,159	34,066,811	35,037,970
Total secured borrowings	1,081,050	33,630,803	34,711,853	971,159	34,066,811	35,037,970
Unsecured
Convertible notes (note 9)	-	27,641,102	27,641,102	-	-	-
Other loans	142,941	1,711,945	1,854,886	114,155	1,010,777	1,124,932
Total unsecured borrowings	142,941	29,353,047	29,495,988	114,155	1,010,777	1,124,932
Total borrowings	1,223,991	62,983,850	64,207,841	1,085,314	35,077,588	36,162,902

Non-current Assets - Investment Securities at Fair Value Through Profit or Loss - Additional Information (Details)		1 Months Ended	6 Months Ended
	Jan. 31, 2022 USD ($) shares $ / shares	Nov. 30, 2022 $ / shares	Jun. 30, 2023 AUD ($)	Jun. 30, 2023 USD ($)
Disclosure of fair value measurement of assets [line items]
Transfers out of Level 1 into Level 2 of fair value hierarchy, entity's own equity instruments			$ 0
Transfers out of Level 2 into Level 1 of fair value hierarchy, entity's own equity instruments			0
Transfers into Level 3 of fair value hierarchy, entity's own equity instruments			0
Transfers out of Level 3 of fair value hierarchy, entity's own equity instruments			$ 0
KORE Power \| Securities Purchase Agreement
Disclosure of fair value measurement of assets [line items]
Common stock shares acquired \| shares	3,333,333
Issue Price \| $ / shares	$ 7.5	$ 5
Percentage of common equity acquired	5.00%		3.70%	3.70%
Fair value of consideration transferred	$ 25,000,000
Percentage of consideration settled in cash	50.00%
Percentage of consideration settled in shares	50.00%
Issuance of ordinary shares \| shares	1,974,723
Gains or losses recognized in consolidated statement of profit or loss and other comprehensive income related to equity investments held at FVPL				$ 0

Contract Liabilities

6 Months Ended

Jun. 30, 2023

Contract liabilities [abstract]

Contract Liabilities

Note 10 Contract liabilities


(All in US$)	June 30, 2023	December 31, 2022

Contract liabilities – Current	254,174	71,985
Contract liabilities – Non-current	3,000,000	3,000,000

Balance	3,254,174	3,071,985

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 10 Contract liabilities (continued)

During a prior period, the Group received grant funds of USD$3 million from the Department of Economic and Community Development in the State of Tennessee, USA. The grant funds are conditional upon the Group creating, filling and maintaining 290 jobs in the State of Tennessee.

The grant becomes fully earned if 90% of the performance target is achieved by March 2026, and is repayable in full if a minimum of 50% of the performance target is not achieved by March 2026. The grant is proportionately repayable between 50% and 90% of the performance target being achieved.

Accordingly, as at June 30, 2023, the full amount of the grant has been deferred and classed as a contract liability and will either be released to income (in full or proportionately) or repayable (in full or proportionately) depending on the performance target achieved by March 2026.

Non-current Assets - Investment Securities at Fair Value Through Profit or Loss - Summary of Changes in Level 3 Instruments (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Disclosure of fair value measurement of assets [line items]
Balance at the beginning of the year	$ 226,056,269
Balance at the end of the year	201,956,092
Level 3 \| Unlisted Equity Securities
Disclosure of fair value measurement of assets [line items]
Balance at the beginning of the year	16,490,271
Exchange differences	(467,589)
Balance at the end of the year	$ 16,022,682

- Definition

The amount of residual interest in the assets of the entity after deducting all its liabilities.

+ References + Details

Segment Reporting - Schedule of Segment Performance (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disclosure Of Operating Segments [Line Items]
Other income	$ 391,669	$ 800,257
Interest income	248,500	6,477
Total income	4,560,064	3,985,659
Segment net loss before tax	(28,098,747)	(31,047,824)
Operating Segments \| Battery Materials
Disclosure Of Operating Segments [Line Items]
Other income	19,305	25,323
Total income	19,305	25,323
Segment net loss before tax	(17,571,042)	(11,847,299)
Operating Segments \| Battery Technology
Disclosure Of Operating Segments [Line Items]
Other income	372,364	774,934
Total income	4,292,259	3,953,859
Segment net loss before tax	(4,753,017)	(4,626,905)
Unallocated
Disclosure Of Operating Segments [Line Items]
Interest income	248,500	6,477
Total income	248,500	6,477
Segment net loss before tax	(5,774,688)	(14,573,620)
Hardware sales
Disclosure Of Operating Segments [Line Items]
Segment revenue	1,411,867	1,260,621
Hardware sales \| Operating Segments \| Battery Technology
Disclosure Of Operating Segments [Line Items]
Segment revenue	1,411,867	1,260,621
Consulting sales
Disclosure Of Operating Segments [Line Items]
Segment revenue	2,508,028	1,918,304
Consulting sales \| Operating Segments \| Battery Technology
Disclosure Of Operating Segments [Line Items]
Segment revenue	$ 2,508,028	$ 1,918,304

Non-current assets - Property, Plant and Equipment

6 Months Ended

Jun. 30, 2023

Disclosure of detailed information about property, plant and equipment [abstract]

Non-current assets - Property, Plant and Equipment

Note 4 Non-current assets – Property, plant and equipment


(All in US$)	June 30, 2023	December 31, 2022

Plant and equipment – at cost	26,377,716	24,816,965
Plant and equipment – accumulated depreciation	(5,134,785)	(3,948,116)
	21,242,931	20,868,849

Leasehold improvements – at cost	1,430,580	1,148,447
Leasehold improvements – accumulated depreciation	(781,618)	(569,337)
	648,962	579,110

Buildings – at cost	47,847,836	47,602,298
Buildings – accumulated depreciation	(3,425,860)	(2,763,232)
	44,421,976	44,839,066

Land – at cost	2,330,829	2,314,473
Construction work in progress – at cost	67,658,366	56,715,250
Balance	136,303,064	125,316,748

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 4 Non-current assets – Property, plant and equipment (continued)


(All in US$)	Land	Buildings	Leasehold improvements	Plant and equipment	Construction work in progress	Total

Half-year ended June 30, 2023
Opening net book amount	2,314,473	44,839,066	579,110	20,868,849	56,715,250	125,316,748
Additions	-	95,803	193,251	247,723	12,201,819	12,738,596
Transfers	-	-	88,882	1,202,607	(1,291,489)	-
Depreciation charge	-	(652,645)	(212,281)	(1,161,347)	-	(2,026,273)
Exchange differences	16,356	139,752	-	85,098	32,787	273,993

Closing net book amount	2,330,829	44,421,976	648,962	21,242,930	67,658,367	136,303,064

During the half-year the Group continued to invest to increase production capacity with additional furnace systems and other production equipment.

Capital Commitments

Total commitments in respect of capital expenditure at June 30, 2023 are $7,795,651 (December 31, 2022: $16,315,454).

Basis of Preparation (Policies)	6 Months Ended
Basis of Preparation (Policies)	Jun. 30, 2023
Basis of Preparation [Abstract]
Basis of Preparation	Basis of preparation This condensed consolidated interim financial report for the half-year reporting period ended June 30, 2023 has been prepared in accordance with Australian Accounting Standard 134 Interim Financial Reporting and the Corporations Act 2001. These financial statements also comply with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), as applicable to interim financial reporting. This condensed consolidated interim financial report does not include all the notes normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the Annual Report for the period ended December 31, 2022 and any public announcements made by the Group during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001. The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. The interim consolidated financial statements of the consolidated entity (referred to hereafter as the “Group”, or “Novonix”) consists of Novonix Limited and the entities it controlled at the end of, or during, the half-year ended June 30, 2023.
Going Concern	a) Going Concern The financial report has been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the normal course of business. The Group incurred a net loss of $28,098,747 (June 30, 2022: $31,047,824) and net operating cash outflows of $21,142,024 (June 30, 2022: $17,765,648) for the half-year ended June 30, 2023. As at June 30, 2023 the Group has a cash balance of $99,075,082 (December 31, 2022: $99,039,172) and net current assets of $102,355,842 (December 31, 2022: $107,683,066). The Group is continuing to execute on its expansion plans of reaching production capacity of 150,000 tonnes per year by 2030 and in order to fund these expansionary activities, which will primarily involve significant capital expenditure, additional funding beyond the existing cash balance at June 30, 2023, and forecast inflows from customers, will be required. These conditions give rise to a material uncertainty which may cast significant doubt (or substantial doubt as contemplated by Public Company Accounting Oversight Board (“PCAOB”) standards) over the Group’s ability to continue as a going concern. The ability of the Group to continue as a going concern is principally dependent upon one or more of the following: • the ability of the Group to raise funds as and when necessary from either customers, governments and/or investors in the form of debt, equity and/or grant funding; • the successful and profitable growth of the battery materials, battery consulting and battery technology businesses; and • the ability of the Group to meet its cash flow forecasts. The directors believe that the going concern basis of preparation is appropriate as the Group has a strong history of being able to raise capital from debt and equity sources, most recently through the issue of US$30 million of unsecured convertible loan notes to LG Energy Solution (LGES) during the period (note 9). In November 2022, the Group was selected to enter negotiations with the US Department of Energy (DOE) to receive up to US$150 million of grant funding. These negotiations are still ongoing. The Group has also had a formal application submitted and was invited into Stage 3 of the DOE Loan Program Office (LPO) with the potential funds to be used to develop a new greenfield production facility. Should the Group be unable to continue as a going concern, it may be unable to realise its assets and discharge its liabilities in the normal course of business, and at amounts stated in the financial report. This financial report does not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts or classification of liabilities and appropriate disclosures that may be necessary should the Group be unable to continue as a going concern.
Historical cost convention	b) Historical cost convention The financial statements have been prepared under the historical cost convention, except for, where applicable, the revaluation of available-for-sale financial assets, financial assets and liabilities at fair value through profit or loss, certain classes of property, plant and equipment and derivative financial instruments.
Classification of expenses	c) Classification of expenses During the period ended June 30, 2023, management reassessed the classification of certain expenses and has reclassed $2,296,138 from Employee Benefits Expense to Product Manufacturing and Operating Costs. The comparative period has been prepared on a like for like basis. An amount of $2,525,462 has been reclassified from Employee Benefits Expense to Product Manufacturing and Operating Costs in the comparative period. The reclassification of Employee Benefits Expense to Product Manufacturing and Operating Costs has been made as the business has transitioned to a standard costing approach which incorporates labour costs.
Borrowings	d) Borrowings Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in profit or loss over the period of the borrowings using the effective interest method. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED JUNE 30, 2023 Note 1 Basis of preparation (continued) The fair value of the liability (borrowings) portion of a convertible bond is determined using a market interest rate for an equivalent non-convertible bond. This amount is recorded as a liability on an amortised cost basis until extinguished on conversion or maturity of the bonds. The remainder of the proceeds is allocated to the conversion option. Alternatively, the fair value of the conversion option is determined using Monte Carlo Simulation methodology, with the remainder of the proceeds allocated to the liability (borrowings) portion.
New and amended standards adopted by the Company	• New and amended standards adopted by the Group The Group has adopted all of the new, revised or amending accounting standards and interpretations issued by the International Accounting Standards Board that are mandatory for the current reporting period. None of the new and amended standards have had any material impact on the financial statements. Amendments to IAS 12 – Deferred Tax related to Assets and Liabilities arising from a Single Transaction: In May 2021, the IASB issued Deferred Tax related to Assets and Liabilities arising from a Single Transaction, which amended IAS 12, Income Taxes. The amendments clarify that companies are required to recognise deferred taxes on transactions where both assets and liabilities are recognised, such as with leases and asset retirement (decommissioning) obligations. The amendments are effective for annual reporting periods beginning on or after January 1, 2023, with earlier application permitted. The adoption of the amendment did not have a material impact on the consolidated financial statements. Any new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.
Critical accounting estimates	e) Critical accounting estimates The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements were set out in the Annual Report for the period ended December 31, 2022. Set out below are any changes during the period. Valuation of unsecured convertible notes and embedded derivatives The fair value of the conversion feature is determined using a Monte Carlo Simulation, taking into account the terms and conditions upon which the convertible loan notes were issued. The key assumptions include: • The probability of the timing of when the parties will enter into a purchase order for material, which will lead to the mandatory conversion of all loan notes into ordinary shares; • The risk-free rate; and • The volatility of the NOVONIX share price.

Basis of Preparation - Additional Information (Details)	6 Months Ended
Basis of Preparation - Additional Information (Details)	Jun. 30, 2023 USD ($) Tonnes	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Nov. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Disclosure of initial application of standards or interpretations [line items]
Net loss	$ 28,098,747	$ 31,047,824
Net operating cash outflows	21,142,024	17,765,648
Cash balance	99,075,082	142,737,361	$ 99,039,172		$ 188,469,787
Net current assets	$ 102,355,842		$ 107,683,066
Number of tonnes production capacity per year \| Tonnes	150,000
Grant funding maximum amount receivable				$ 150,000,000
Reclassification of employee benefits expense to product manufacturing and operating costs	$ 2,296,138	$ 2,525,462
LG Energy Solution
Disclosure of initial application of standards or interpretations [line items]
Convertible notes issued	$ 30,000,000

Share-Based Payments - Additional Information (Details)	6 Months Ended
Share-Based Payments - Additional Information (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Expense recognized	$ 6,818,045	$ 5,929,068
Performance Rights
Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Line Items]
Expense recognized	$ 480,665
Number of performance right convertible to ordinary shares	1

Share-based Payments

6 Months Ended

Jun. 30, 2023

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Share-based payments

Note 14 Share based payments

Share based payments expense for the half-year period is derived as follows:


		June 30, 2023
(All in US$)
Share rights granted in a prior period		404,410
Performance rights granted in current period (a)		480,665
Performance rights granted in a prior period		5,752,028
Options granted in a prior period		180,942
Share based payment expense		6,818,045
Performance rights net settled for withholding tax obligation		(38,744)
Movement in share based payments reserve		6,779,301

Note 14 Share based payments (continued)

(a)

Performance rights granted in the current period

During the half-year performance rights (convertible to ordinary shares on a 1:1 basis) were granted to Key Management Personnel, other employees and contractors as set out in the table below. The value of each performance right was determined with reference to the market value of the underlying securities on grant date. An expense of $480,665 has been recognised in the half-year ended June 30, 2023. The vesting of the performance rights is conditional upon the continued employment of the employee, and for KMP, also the achievement of performance conditions. Further details of the performance rights are set out in the table below:


Name	Grant date	Number		Vesting date	Fair value	Expiry	Expense recognised in half-year $
Rashda Buttar	April 5, 2023	253,401		December 31, 2025	$1.21	Cessation of employment	18,839
Nick Liveris	April 5, 2023	549,035		December 31, 2025	$1.21	Cessation of employment	40,818
Chris Burns	April 5, 2023	1,604,871		December 31, 2025	$1.21	Cessation of employment	119,312
Non-KMP employees	January 3, 2023	1,030,325	4 equal annual tranches commencing on the anniversary of employment		$1.41	Cessation of employment	263,738
Non-KMP employees	January 27, 2023	58,636			$1.86	Cessation of employment	17,671
Non-KMP employees	February 6, 2023	18,942			$1.80	Cessation of employment	5,074
Non-KMP employees	March 2, 2023	43,078			$1.49	Cessation of employment	8,346
Non-KMP employees	May 8, 2023	124,505			$0.99	Cessation of employment	6,867
Total expense recognised							480,665

Non-current Assets - Exploration and Evaluation Assets (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure Of Exploration And Evaluation Assets [Abstract]

Schedule of Exploration and Evaluation Assets


(All in US$)	June 30, 2023	December 31, 2022


Exploration and evaluation assets – at cost	2,149,952	2,212,013

The capitalised exploration and evaluation assets carried forward above have been determined as follows:

Balance at January 1, 2023	2,212,013
Expenditure incurred during the half-year	5,070
Exchange differences	(67,131)

Balance as at June 30, 2023	2,149,952

Consolidated statement of cash flows - USD ($)	6 Months Ended
Consolidated statement of cash flows - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Receipts from customers (inclusive of consumption tax)	$ 4,714,808	$ 3,339,529
Payments to suppliers and employees (inclusive of consumption tax)	(25,554,506)	(20,685,056)
Interest received	244,514	6,477
Borrowing costs paid	(943,574)	(843,590)
Government grants received	396,734	416,992
Net cash outflow from operating activities	(21,142,024)	(17,765,648)
Cash flows from investing activities
Payments for property, plant and equipment	(13,200,358)	(14,972,534)
Payments for investments		(12,767,817)
Payment of escrow funds	(755,403)
Proceeds from release of escrow funds	8,465,710	3,085,744
Payments for security deposits	(888,381)
Payments for exploration and evaluation assets	(5,071)	(30,744)
Net cash outflow from investing activities	(6,383,503)	(24,685,351)
Cash flows from financing activities
Proceeds on issue of shares		983,120
Payment of share issue expenses	(4,201)	(23,815)
Proceeds from convertible loan note issues	30,000,000
Payment of convertible notes issue expenses	(47,338)
Proceeds from the exercise of options	51,537
Payment of withholding tax - Performance rights	(49,499)	(2,501,992)
Proceeds from borrowings	753,768	1,453,704
Principal elements of lease repayments	(170,896)	(156,044)
Repayment of borrowings	(518,025)	(272,952)
Net cash inflow / (outflow) from financing activities	30,015,346	(517,979)
Net increase / (decrease) in cash and cash equivalents	2,489,819	(42,968,978)
Effects of foreign currency	(2,453,909)	(2,763,448)
Cash and cash equivalents at the beginning of the year	99,039,172	188,469,787
Cash and cash equivalents at the end of the half-year	$ 99,075,082	$ 142,737,361

Non-current Assets - Investment Securities at Fair Value Through Profit or Loss (Tables)

6 Months Ended

Jun. 30, 2023

Financial assets at fair value through profit or loss [abstract]

Summary of Financial Assets Measured at FVPL

Financial assets measured at FVPL include the following:


(All in US$)	June 30, 2023	December 31, 2022


US unlisted equity securities	16,022,682	16,490,271

Summary of Changes in Level 3 Instruments

The following table presents the changes in level 3 instruments during the half-year period ended June 30, 2023:


(All in US$)		Unlisted equity
		securities

Balance at January 1, 2023		16,490,271
Exchange differences		(467,589)

Balance as at June 30, 2023		16,022,682

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE HALF-YEAR ENDED JUNE 30, 2023

Note 5 Non-current assets – Investment securities at fair value through profit or loss (continued)

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Entity Registrant Name	NOVONIX LIMITED
Entity Central Index Key	0001859795
Current Fiscal Year End Date	--12-31
Entity File Number	001-41208
Entity Address, Address Line One	Level 38
Entity Address, Address Line Two	71 Eagle Street
Entity Address, City or Town	Brisbane
Entity Address, Country	AU
Entity Address, Postal Zip Code	QLD 4000

Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 99,075,082	$ 99,039,172
Trade and other receivables	2,325,063	2,847,229
Inventory	2,565,368	3,165,932
Prepayments	3,183,795	1,958,269
Escrow reserves	1,427,298	9,137,605
Total current assets	108,576,606	116,148,207
Non-current assets
Property, plant and equipment	136,303,064	125,316,748
Investment securities at fair value through profit or loss	16,022,682	16,490,271
Right-of-use assets	4,699,778	4,915,035
Exploration and evaluation assets	2,149,952	2,212,013
Intangible assets	12,082,009	12,173,710
Other assets	1,059,542	168,574
Total non-current assets	172,317,027	161,276,351
Total assets	280,893,633	277,424,558
Current liabilities
Trade and other payables	4,373,744	6,954,464
Contract liabilities	254,174	71,985
Lease liabilities	368,855	353,378
Borrowings	1,223,991	1,085,314
Total current liabilities	6,220,764	8,465,141
Non-current liabilities
Contract liabilities	3,000,000	3,000,000
Lease liabilities	4,639,186	4,825,560
Derivative financial instruments	2,093,741
Borrowings	62,983,850	35,077,588
Total non-current liabilities	72,716,777	42,903,148
Total liabilities	78,937,541	51,368,289
Net assets	201,956,092	226,056,269
EQUITY
Contributed equity	338,155,349	338,108,198
Reserves	30,499,068	26,547,649
Accumulated losses	(166,698,325)	(138,599,578)
Total equity	$ 201,956,092	$ 226,056,269

Share-based Payments (Tables)

6 Months Ended

Jun. 30, 2023

Disclosure of terms and conditions of share-based payment arrangement [abstract]

Summary of Share Based Payments Expense

Share based payments expense for the half-year period is derived as follows:


		June 30, 2023
(All in US$)
Share rights granted in a prior period		404,410
Performance rights granted in current period (a)		480,665
Performance rights granted in a prior period		5,752,028
Options granted in a prior period		180,942
Share based payment expense		6,818,045
Performance rights net settled for withholding tax obligation		(38,744)
Movement in share based payments reserve		6,779,301

Summary of Performance Rights

Further details of the performance rights are set out in the table below:


Name	Grant date	Number		Vesting date	Fair value	Expiry	Expense recognised in half-year $
Rashda Buttar	April 5, 2023	253,401		December 31, 2025	$1.21	Cessation of employment	18,839
Nick Liveris	April 5, 2023	549,035		December 31, 2025	$1.21	Cessation of employment	40,818
Chris Burns	April 5, 2023	1,604,871		December 31, 2025	$1.21	Cessation of employment	119,312
Non-KMP employees	January 3, 2023	1,030,325	4 equal annual tranches commencing on the anniversary of employment		$1.41	Cessation of employment	263,738
Non-KMP employees	January 27, 2023	58,636			$1.86	Cessation of employment	17,671
Non-KMP employees	February 6, 2023	18,942			$1.80	Cessation of employment	5,074
Non-KMP employees	March 2, 2023	43,078			$1.49	Cessation of employment	8,346
Non-KMP employees	May 8, 2023	124,505			$0.99	Cessation of employment	6,867
Total expense recognised							480,665

Non-current assets - Intangible Assets - Summary of Carrying Amount of Goodwill (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Disclosure Of Intangible Assets [Line Items]
Total carrying amount of goodwill	$ 11,975,024	$ 11,975,024
NOVONIX Anode Materials
Disclosure Of Intangible Assets [Line Items]
Total carrying amount of goodwill	$ 11,975,024	$ 11,975,024

Unsecured Convertible Loan Notes and Derivative Financial Instruments - Summary of Convertible Notes Presented in the Balance Sheet (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2023
Disclosure of detailed information about financial instruments [abstract]
Percentage of interest expense by applying the effect interest rate to the liability component	6.564%

Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings per share [abstract]

Earnings Per Share

Note 12 Earnings per share


	Consolidated
(All in US$)	2023	2022

Earnings per share for loss from continuing operations
Loss after income tax attributable to the owners of NOVONIX Limited	(28,098,747)	(31,047,824)


	Shares	Shares
Weighted average number of shares used in calculating basic and diluted earnings per share	486,844,497	486,616,365
	US$	US$
Basic earnings per share	(0.06)	(0.06)
Diluted earnings per share	(0.06)	(0.06)