Iperionx Ltd. · ASX:IPX
Iperionx — Canaccord Genuity Growth Conference 2024
28 slides from Iperionx's conference presentation, Aug 16, 2024
Slide 1: Canaccord Genuity Growth Conference
Canaccord Genuity Growth Conference August 2024 For personal use only IperionX Limited NASDAQ and ASX: IPX
Slide 2: Disclaimers
Disclaimers Forward Looking Statements Information included in this release constitutes forward-looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “antici
Slide 3: Our plan is to re-shore a low cost, sustainable, U.S. titanium supply chain
Our plan is to re-shore a low cost, sustainable, U.S. titanium supply chain 1 Titanium supply chain is currently high cost, environmentally unsustainable and dominated by China and Russia For personal use only 2 IperionX offers an end-to-end, cheaper and cleaner solution via innovative technologies
Slide 4: Titanium has superior material properties that are prized across advanced industries
Titanium has superior material properties that are prized across advanced industries For personal use only Lockheed Martin F-35 Lightning II ~20% titanium by weight High strength-to-weight ratio Titanium alloys can have a far higher strength-to-weight ratio than aluminum and magnesium alloys 45% lig
Slide 5: China and Russia control ~70% of the global titanium supply chain
China and Russia control ~70% of the global titanium supply chain For personal use only PRIMARY TITANIUM (TITANIUM SPONGE) PRODUCTION CAPACITY Metric tons per annum 10,000 5,000 Source: U.S. Geological Survey. Locations shown are approximate. Primary global titanium supply chain. 5
Slide 6: Current production of titanium is complex, high cost and unsustainable
Current production of titanium is complex, high cost and unsustainable For personal use only High temperature (1,300oC), highly corrosive chlorination, reduction and distillation process to form titanium metal sponge High temperature (1,850oC) multi-vacuum melting processes to form 6-11t ingots 5-15
Slide 7: IperionX's simple, low waste, vertically integrated solution
IperionX’ simple, low waste, vertically integrated solution Current Industry Up to 10 forging / rolling steps For personal use only Reduction & Vacuum Arc Feedstock Chlorination Forging Rolling Machining Products Distillation Remelting Titanium Minerals Titanium Sponge Titanium Ingot Titanium Mill P
Slide 8: A Step Change in the Titanium Supply Chain
A Step Change in the Titanium Supply Chain Current Industry For personal use only Kroll TiO2 Reduction Process (Cl2 gas, 1,300oC) HAMR VAR (<700oC) Titanium Refining (1,850oC) Traditional Hot Working HSPT Titanium Forging (Open or close die forging + Rolling or Extrusion) (Sintering process) Semi-fi
Slide 9: We have successfully proven large scale titanium production
We have successfully proven large scale titanium production For personal use only 18+ months of titanium production from our industrial pilot facility Multiple large scale hot-test runs at ~60x the production capacity of our industrial pilot facility Production results exceeded industry standards Of
Slide 10: Our high-performance titanium products have secured the interest of leading potential customers
Our high-performance titanium products have secured the interest of leading potential customers For personal use only Industrial Fasteners Aerospace and Defense Bicycles and E-mobility Industrial Gears Aerospace and Defense Consumer and Luxury Goods Naval and Defense 1. Richemont: See ASX announceme
Slide 11: Scaling to commercial production at our Virginia Titanium Manufacturing Campus
We are now scaling to commercial production at our Virginia Titanium Manufacturing Campus TPF / 1080 Building For personal use only Titanium Production Facility “TPF / 1080 Building” ”Refining” of titanium scrap into high-quality titanium metal powders AMC / 1092 Building Advanced Manufacturing Cent
Slide 12: Titanium Production Facility - furnace installed, first production run complete
Titanium Production Facility - furnace installed, with first titanium production run complete For personal use only Increasing titanium production capacity by +60x Scaling from ~2 tpa to 125+ tpa of titanium powder Phased, low capital intensity production growth Multiple pathways to scale in a modul
Slide 13: Advanced Manufacturing Center - first titanium products produced
Part finishing R&D laboratory Laboratories, testing, Advanced Manufacturing Center - first titanium products produced, QA/QC and offices Additive manufacturing For personal use only scaling in Q3 2024 operations Advanced manufacturing / forging technologies Advanced manufacturing of high-strength ti
Slide 14: Titan Project underpins a low-cost, end-to-end U.S. titanium supply chain solution
Titan Project underpins a low-cost, end-to-end U.S. titanium supply chain solution For personal use only The fully permitted Titan Project in Tennessee is one of the largest titanium mineral resources in North America Titan Project combined with our titanium technologies to deliver an end-to-end sol
Slide 15: The U.S. titanium supply chain is fragmented, high risk, and vulnerable to supply shocks
The U.S. titanium supply chain is fragmented, high risk, and vulnerable to supply shocks For personal use only 125,000 Exported Semi-Finished Wrought Titanium Products ~US$117,000 per tonne pricing on ~US$1.1bn Exported Titanium Bars & Rods - Billets of U.S. exported semi-finished titanium products
Slide 16: Led by a highly experienced senior leadership team
Led by a highly experienced senior leadership team For personal use only Anastasios “Taso” Arima Todd Hannigan Co-founder, MD and CEO Executive Chairman Successful founder of multiple billion-dollar companies, including most 25+ years of global experience in natural resources as company founder, rec
Slide 17: High value catalysts are imminent
High value catalysts are imminent ✓ Secure strategic partners for our titanium metal products Corporate Overview (NASDAQ / ASX Ticker Symbol: IPX) $17.50 ✓ Test powders and/or prototype parts with prospective customers For personal use only $15.00 ✓ Secured prospective customer and government valida
Slide 18: Supporting Information
For personal use only Supporting Information 18
Slide 19: Titan Project is a very large potential source of U.S. titanium minerals
Titan Project is a very large potential source of U.S. titanium minerals ▪ Titanium, zircon and rare earth critical minerals For personal use only ▪ Geological target is the McNairy Sand, a massive mineral formation that extends across West Tennessee ▪ Existing mineral resource estimate covers only
Slide 20: IperionX's Green Rutile technology could add significant value to the Titan Project
TM IperionX’s Green Rutile technology could add significant value to the Titan Project For personal use only IperionX’s patented low-carbon “Green RutileTM” mineral enrichment technology can upgrade lower-grade ilmenite titanium minerals into a high-grade, higher-value titanium ‘synthetic rutile’ pr
Slide 21: Titan Project Technical Studies
Titan Project Technical Studies IperionX has now completed key long lead assessments for the Titan For personal use only Project PFS and / or Feasibility Study, including metallurgical test work and permits Titan Project technical studies (PFS and / or Feasibility Study) are anticipated to be advanc
Slide 22: Total addressable market is the global lightweight structural metals market
In the long term, the total addressable market is the global lightweight structural metals market For personal use only ~$200bn* ~$165bn* ~$4bn* Titanium Market1 Aluminum Market2 Stainless Steel Market3 * Estimated Global Market Summary in USD. TAM market sizes are built up using 2022 material prici
Slide 23: Producing high-quality titanium with award-winning technologies for over 18 months
We have been producing high-quality titanium with our award-winning technologies for over 18 months Consistent and repeatable process achieving high quality standard For personal use only 4.50 4.30 Pre-HAMR Oxygen Wt. % 4.10 3.90 3.70 3.50 3.30 3.10 2.90 2.70 2.50 1.00 Post-HAMR Oxygen Wt. % 0.90 0.
Slide 24: Titanium production is complex, high cost and unsustainable
Titanium Mineral $1,500 - $2,500/t Titanium production is complex, high cost Kroll and unsustainable Process Kroll Process Titanium $10,000 - Titanium $3,000 - ▪ High temperature (1,300Co) batch process that requires high-quality titanium mineral feedstocks For personal use only Sponge $15,000/t Scr
Slide 25: Our titanium technologies can deliver low-cost, high-strength and sustainable titanium production
Our titanium technologies can deliver low-cost, high-strength and sustainable titanium production HAMR “refining” technology For personal use only Titanium $3,000 - Scrap $15,000/t ▪ Hydrogen Assisted Metallothermic Reduction (HAMR) process is based on a scientific breakthrough by Dr Zak Fang, Profe
Slide 26: HAMR: The breakthrough science of a revolutionary technology
HAMR: The breakthrough science of a revolutionary technology ▪ Most common metals can be reduced to metal from oxides by carbon Hydrogen’s effect on the Ti-O bonds For personal use only (or hydrogen) - this is not the case for Titanium Dioxide (TiO2) because Ti-O bonds at various weight percent (sol
Slide 27: HSPT: 'Forged' titanium, without the high-cost forging process
HSPT: ‘Forged’ titanium, without the high-cost forging process ▪ Our patented HSPT technology unlocks a superior powder metallurgy pathway to manufacture HSPT as-sintered microstructure ‘forged quality’ near-net shape titanium parts and components For personal use only ▪ HSPT delivers mechanical per
Slide 28: IperionX Limited
For personal use only IPERIONX LIMITED ABN 84 618 935 372