Calix Ltd. · ASX:CXL
Calix — Investor Presentation (November 2025)
16 slides from Calix's investor presentation, Nov 17, 2025
Slide 1: Calix and Rio Tinto Joint Development Agreement
17 November 2025 Calix and Rio Tinto Joint Development Agreement Investor Presentation Sydney, Australia | 17 November 2025 – Australian environmental technology company, Calix Limited (ASX: CXL) (“the Company”) is pleased to provide a copy of its presentation for the investor webinar on Monday, 17
Slide 2: About Calix and contacts
With strong and increasing demand driven by global decarbonisation commitments, Calix is applying its core technology to the cement, steel, alumina and critical minerals industries, as well as the direct air capture of atmospheric carbon dioxide, and the production of sustainable environmental produ
Slide 3: Joint Development Agreement (JDA) with Rio Tinto Investor Webinar
For personal use only Calix Limited Joint Development Agreement (JDA) with Rio Tinto Investor Webinar 17 November 2025 Phil Hodgson Managing Director & Chief Executive Officer calix.global MARS IS FOR ASX:CXL QUITTERS
Slide 4: Important Disclaimer
Important Disclaimer This presentation has been prepared by Calix Limited (ABN 36 117 372 540) (“Company”). only as of the date of this presentation. Subject to any continuing obligations under applicable law, the Company SUMMARY INFORMATION disclaims any obligation or undertaking to provide any upd
Slide 5: JDA with Rio Tinto is a major milestone in commercialisation of Zesty
The Joint Development Agreement with Rio Tinto is a major milestone in the commercialisation of the ZestyTM technology. For personal use only This investment from one of the world’s leading iron ore producers provides further validation of Zesty’s potential for deployment to the world’s largest mine
Slide 6: Highlights
Highlights Rio Tinto to support the demonstration & commercialisation of Zesty For personal use only • Rio Tinto will contribute over $35m of value for Zesty through a combination of $8m in cash and further in-kind contributions, subject to the completion of confirmatory due diligence and Project mi
Slide 7: Joint Development Agreement with Rio Tinto
Joint Development Agreement with Rio Tinto Cash and in-kind financial support for the Zesty Green Iron Demonstration Plant • Rio Tinto will contribute over $35m of value for the demonstration and commercialisation of Zesty. For personal use only • Cash payments will be provided in two tranches of $3
Slide 8: Zesty's strategic location
Zesty’s strategic location • The Zesty Demonstration Plant will be located in Kwinana, WA (38km south of Perth) For personal use only • The Kwinana site is in close proximity to the NeoSmelt facility for potential downstream processing of Zesty H-DRI. • It provides access to established utilities, p
Slide 9: Support for operations of the Zesty Demonstration Plant
Support for operations of the Zesty Demonstration Plant Non-exclusive tolling of iron ores For personal use only Subject to a positive FID and the successful completion of the Project construction and commissioning milestones: • Rio Tinto will have non-exclusive use of the Zesty Demonstration Plant
Slide 10: Accelerating Zesty's commercialisation
Accelerating Zesty’s commercialisation Marketing and licensing the Zesty technology For personal use only • Rio Tinto may take up shares in a Zesty subsidiary business up to the value of its $8m cash contribution to the Project. • Rio Tinto and Calix have outlined the key terms, including royalties,
Slide 11: Downstream opportunities
Downstream opportunities Developing multiple pathways to green steel For personal use only “The world needs low-emissions steel if it is going to decarbonise, and we continue to look at a range of ways Pilbara iron ores can help to do this as new technologies emerge. “We’re pleased to partner with C
Slide 12: Zesty Green Iron Demonstration Plant
Zesty Green Iron Demonstration Plant Making green iron in Western Australia For personal use only “Locally made green iron is a key part of my vision to become a renewable energy powerhouse and make more things here. “Coupled with my government's recent announcement that government will take an "if
Slide 13: Zesty's fast-track development
Zesty’s fast-track development MAY: The Superpower Institute “…Green metals are a priority area From initial tests, to pilot scale, to our (TSI) models Zesty flexible green for the Albanese Government’s first major partnership in < 4 years… iron production in their report Future Made in Australia ag
Slide 14: Zero Emissions Steel Technology
Zero Emissions Steel TechnologY Project Partners Funding support Industry Market size Royalty % of Zesty Green Iron Demo Iron & Steel For personal use only US$640Bpa1 Objectives Status Targeted next steps • Calix executes Joint Development Agreement (JDA) • Develop industry leading H2-DRI technology
Slide 15: Q&A
For personal use only Q&A Investor Relations investorrelations@calix.global Because there is only one earth Mars is for quitters
Slide 16: Supporting materials on the Zesty Green Iron Demonstration Plant project
Zero Emissions Steel TechnologY Supporting materials on the Zesty Green Iron Demonstration Plant project For personal use only The Superpower Institute (TSI) features and A deep-dive webinar on the models Zesty as the example of flexible green Zesty technology and iron production in the report “A Gr