Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (July 2025)
32 slides from Iperionx's investor presentation, July 2025
Slide 1: IperionX Company Presentation
IperionX Company Presentation July 2025 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 2 IperionX offers an end-to-end, cheaper and cleaner solution via innovative technologies 3 Our technologies hav
Slide 4: Titanium has superior material properties that are prized across advanced industries
Titanium has superior material properties that are prized across advanced industries Consumer Electronics Titanium used in frames and enclosures High strength-to-weight ratio Titanium alloys can have a far higher strength-to-weight ratio than aluminum and magnesium alloys 45% lighter than steel Tita
Slide 5: China and Russia control ~70% of the global titanium supply chain
China and Russia control ~70% of the global titanium supply chain 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 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% typical yield from i
Slide 7: IperionX has a simple, low waste, vertically integrated solution
IperionX has a simple, low waste, vertically integrated solution Current Industry Up to 10 forging / rolling steps Reduction & Vacuum Arc Feedstock Chlorination Forging Rolling Machining Products Distillation Remelting Titanium Minerals Titanium Sponge Titanium Ingot Titanium Mill Products Titanium
Slide 8: A Step Change in the Titanium Supply Chain
A Step Change in the Titanium Supply Chain Current Industry 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-finished Products Mill P
Slide 9: Allowing the production of a wide range of low-cost products through a variety of manufacturing modalities
Allowing the production of a wide range of low-cost products through a variety of manufacturing modalities 9
Slide 10: We have successfully proven large scale titanium production
We have successfully proven large scale titanium production 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 Off-the-shelf, low cost
Slide 11: 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 Industrial Fasteners Industrial Gears Consumer and Luxury Goods Bicycles and E-mobility Automotive Components 1. Richemont: See ASX announcements dated August 20, 2022 and November 17, 2022 for details; A
Slide 12: We are now commissioning production at our Virginia Titanium Manufacturing Campus
We are now commissioning production at our Virginia Titanium Manufacturing Campus TPF / 1080 Building Titanium Production Facility “TPF / 1080 Building” ”Refining” of titanium scrap into high-quality titanium metal powders AMC / 1092 Building Advanced Manufacturing Center “AMC / 1092 Building” “Forg
Slide 13: Titanium Production Facility - furnace commissioned, ramp up in progress
Titanium Production Facility - furnace commissioned, ancillary equipment installed, ramp up in progress 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 modular, low cost
Slide 14: Slide 14
Slide 15: Advanced Manufacturing Center - Producing titanium products today
Part finishing R&D laboratory Advanced Manufacturing Center - Laboratories, testing, QA/QC and offices Producing titanium products today Additive manufacturing operations Advanced manufacturing / forging technologies Advanced manufacturing of high-strength titanium products Semi-finished titanium pr
Slide 16: Titan Project underpins a low-cost, end-to-end U.S. titanium supply chain solution. DFS underway
Titan Project underpins a low-cost, end-to-end U.S. titanium supply chain solution. DFS underway 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 solution fo
Slide 17: 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 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 in Imported Titanium S
Slide 18: Led by a highly experienced senior leadership team
Led by a highly experienced senior leadership team 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, recently Piedmont Lithium
Slide 19: 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) $40.00 ✓ Test powders and/or prototype parts with prospective customers $35.00 ✓ Secured prospective customer and government validation $30.00 ✓ Secure a
Slide 20: Supporting Information
Supporting Information 20
Slide 21: 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 ▪ Geological target is the McNairy Sand, a massive mineral formation that extends across West Tennessee ▪ Existing mineral resource estimate covers only a small portion of the
Slide 22: 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 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’ product Green RutileTM h
Slide 23: Titan Project Technical Studies
Titan Project Technical Studies IperionX has now completed key long lead assessments for the Titan Project PFS and / or Feasibility Study, including metallurgical test work and permits Titan Project technical studies (DFS and / or Feasibility Study) are now being advanced following US$5 million in f
Slide 24: In the long term, the 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 ~$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 pricing 1. Sources: Roskill
Slide 25: 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 Sponge $15,000/t Scrap $15,000/t ▪ Uses ch
Slide 26: 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 Titanium $3,000 - Scrap $15,000/t ▪ Hydrogen Assisted Metallothermic Reduction (HAMR) process is based on a scientific breakthrough by Dr Zak Fang, Professor of Metallurgical
Slide 27: 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 (or hydrogen) - this is not the case for Titanium Dioxide (TiO2) because Ti-O bonds at various weight percent (solid lines) vs. Ti-O-H b
Slide 28: 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 ▪ HSPT delivers mechanical performance properties wi
Slide 29: HAMR enables a fully circular titanium economy
HAMR enables a fully circular titanium economy IperionX Kroll Other Titanium Circular Economy Attribute Technology Process Processes Can recycle 100% titanium scrap Yes No Some Can upcycle high oxygen content titanium Yes No No scrap Can divert high-oxygen titanium scrap from Yes No No landfill Abil
Slide 30: EarthShift Global providing Life Cycle Analysis
EarthShift Global Zero Scope 1: No carbon dioxide or other GHG No Direct emissions produced in IperionX process, providing Life Cycle Carbon Use and no natural gas or direct carbon used Analysis – Zero Scope 1 and 2 Emissions Identified Zero Scope 2: 100% Renewable electricity utilized for Lifecycle
Slide 31: Estimated cradle-to-gate CO2e Emissions
Life Cycle Assessment progress Estimated Cradle-to-Gate Life Cycle Carbon Emissions of 1 kg of IperionX Recycled Spherical Ti Powder Compared to Conventional Spherical Ti, Al, and SS Metal Powders Single Product LCA – Q2-2023 Based on Strength-to-Weight Equivalency ▪ For IPX 100% recycled spherical
Slide 32: Completed UL 2809-2 – Recycled Content Environ. Claim Validation
Completed UL 2809-2 – Recycled Content Environ. Claim Validation ▪ UL validation of 100% recycled titanium powder completed in June 2023; re-validated in May 2024 ▪ First known metal powder to receive this UL validation 32