Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (October 2022)
20 slides from Iperionx's investor presentation, October 2022
Slide 1: Corporate Presentation
Corporate Presentation October 2022 IperionX Limited ABN 84 618 935 372
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Information included in these materials 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”, “anti
Slide 3: IperionX's mission: sustainable, low-cost U.S. titanium supply chain
IperionX’s mission is to develop a sustainable, low-cost U.S. titanium supply chain via a three-pronged approach 1 Scaling HAMR Technology Lowering the cost of titanium to create its “Bessemer Moment” Sustainable Feedstock Integrating HAMR technology with sustainable U.S. sourced feedstocks, 2 Integ
Slide 4: Why re-shore a low cost, U.S. titanium supply chain?
Why are we focused on re-shoring a low cost, U.S. titanium supply chain? Titanium has superior properties, enabling ..but titanium has one major drawback that has superior products… limited its widespread use Highest strength-to-weight Reduced carbon emissions in metal transportation sector Lightwei
Slide 5: Historical metal technology breakthroughs enabled mass production in steel and aluminum
Historical metal technology breakthroughs have enabled mass production and deployment in steel and aluminum U.S. Steel Production (LHS) U.S. Steel Cost (RHS) 12.0 $200 10.0 Steel Rails Cost - US$ / t Production - Mt $150 8.0 Steel 6.0 $100 4.0 $50 2.0 The Bessemer Converter 0.0 $0 Invented in 1856 1
Slide 6: Our technology can create the Bessemer Moment for titanium
Our Technology can create the “Bessemer Moment” for titanium, potentially enabling its mass production and deployment Dr. Fang’s HAMR Process – 2016: Titanium Introducing hydrogen into the Titanium-Oxygen solid solution destabilizes Ti-O bonds, allowing for the low-cost production of titanium Hydrog
Slide 7: Titanium as a more sustainable alternative to stainless steel and aluminum
Our technology potentially allows titanium to be a more sustainable alternative to stainless steel and aluminum Low-to-Net-Zero Carbon Emissions 100% Recycled Product Ideal Metal Feedstock for Additive Metal Production1 Manufacturing >130kg CO2 80 60 (kg CO2 / kg metal) CO2 Emissions 40 20 Potential
Slide 8: Mass deployment can disrupt stainless steel and aluminum markets
Mass deployment of our technology can potentially disrupt existing stainless steel and aluminum markets ~$228bn* ~$251bn* ~$4bn* Titanium Market Aluminum Market Stainless Steel Market 2019 Ingot Production ~283kt 2021 Production ~67Mt 2021 Production ~56Mt 2019 Av. Price ~$15,100/t Q1-2022 Price ~$3
Slide 9: Re-shoring titanium addresses a major national security risk
While also potentially re-shoring titanium in the U.S., addressing a major national security risk Current Titanium Defense Applications ~72% of Global Titanium Sponge Capacity is in China & Russia U.S. Airforce U.S. Army U.S. Navy F-35 Lighting M777 Howitzer SSN774 Virginia Class Titanium sponge cap
Slide 10: Producing at small scale today, prototyping titanium parts with customers
We are producing at small scale today, and we are working with customers to prototype titanium parts Pilot Powder Production – Salt Lake City, UT Printed Prototype Parts Department of Energy’s ARPA-E METALS program funded pilot scale build-out 10
Slide 11: First commercial partnership agreement signed with Officine Panerai
First commercial partnership agreement signed with Officine Panerai, a luxury consumer goods company ▪ Commercial partnership agreement to produce luxury, sustainable, watch cases for Panerai using IperionX’s titanium and advanced additive manufacturing methods1 ▪ Panerai is a division of Compagnie
Slide 12: Preparing for scale-up with our Titanium Demonstration Facility
We are preparing for scale-up with our Titanium Demonstration Facility (“TDF”) 3D design work imagery for our Titanium Facility 12 12
Slide 13: The TDF as a step towards scaling high value metal powders
The TDF is a potential step towards scaling our high value metal powders business to cashflow, using titanium scrap as feedstock Titanium Demonstration Facility Titanium Metal Spray-dry & HAMR Titanium Spherical Additive Final Parts Scrap Sinter Deoxygenation Powder Manufacturing Electricity and rea
Slide 14: Backward integrate with sustainable titanium minerals from the Titan Project
Longer term, we aim to backward integrate with our own sustainable source of titanium minerals from the Titan Project Titanium Demonstration Facility Titanium Extraction & Reduction Minerals Processing Titan Project Integration of mineral feedstock, from Spray-dry & HAMR Titanium Spherical Additive
Slide 15: Titan Project: potential multi-decade source of U.S. titanium
Based on the results of our Scoping Study, the Titan Project is a potential multi-decade source of U.S. titanium, with significant rare earth co-product ▪ The largest JORC and SK-1300 compliant resource of titanium and monazite/xenotime rare earth minerals in North America ▪ Projected 25-year initia
Slide 16: Sustainable extraction, processing, reclamation and rehabilitation
We are focused on sustainable extraction, processing, reclamation, and rehabilitation of these minerals Targeting low carbon impact extraction with active Research into improved rehabilitation programs to return reclamation land to a better post-operations state ▪ Focusing on renewable power sources
Slide 17: Simple extraction and processing producing multiple high-value product streams
Targeting simple and conventional extraction and processing to produce multiple high-value product streams including rare earths 90%+ of the sand extracted is returned to void for reclamation Rare Earth Sustainable Wet Rare Earth Rare Earth Energy Fuels McNairy Sand Minerals Separated Rare Mineral C
Slide 18: Potential major U.S. source of rare earths
Potential to be a major U.S. source of rare earths, including a significant endowment of heavy rare earths Over its initial 25-year mine life, the Titan Steel 1 Project is projected to produce enough contained rare earth oxides to support Aluminum 2 Stainless Steel (301) 6 ~24,000,000 Copper 8 Elect
Slide 19: First-class leadership team with breadth and depth of experience
First-class leadership team with a breadth and depth of experience across sectors Executive Leadership Team Independent Board Members Anastasios Arima Todd Hannigan Lorraine Martin Beverly Wise Founder & Chief Executive Officer Executive Chairman Independent Director Independent Director Founder of
Slide 20: Target milestones to drive value in the next 12 months
Target milestones to drive value in the next 12 months ✓ Secure strategic partners for our Titanium Metal operations U.S. ADR Price & Volume Performance 10 ✓ Test powders and/or prototype parts with prospective customers 7.5 ✓ Panerai partnership to produce sustainable luxury consumer goods ADR Pric