Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (February 2024)
23 slides from Iperionx's investor presentation, Feb 21, 2024
Slide 1: Corporate Presentation
Corporate Presentation February 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’s supply chain is costly, 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 3 Our techn
Slide 4: Titanium has superior material properties prized across advanced industries
Titanium has superior material properties that are prized For personal use only across advanced industries 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 primary titanium supply chain
China and Russia control ~70% of the global primary 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. 5
Slide 6: Today's titanium production is complex, high cost and unsustainable
Today’s titanium production is complex, high cost and unsustainable For personal use only High temperature (1,300Co), highly corrosive chlorination, reduction and distillation process to form titanium metal sponge High temperature (1,850Co) multi-vacuum melting processes to form ingots High temperat
Slide 7: IperionX's titanium technologies could revolutionize titanium production
IperionX’s titanium technologies could revolutionize titanium production1 For personal use only Hydrogen Assisted Metallothermic Reduction (HAMR) “refining” technology ▪ Simpler, faster and lower temperature (<800Co) process ▪ Energy consumption <50% vs. current industry, and zero direct carbon emis
Slide 8: We have successfully proven commercial scale furnace production
We have successfully proven commercial scale furnace For personal use only production 18+ months of titanium production from our industrial pilot facility Multiple commercial scale hot-test runs at ~60x the production capacity of our industrial pilot facility Results exceeded industry standards Off-
Slide 9: 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 Automotive and EV Aerospace and Defense Bicycles and E-mobility Aerospace and Defense Consumer and Luxury Goods Naval and Defense 1. Richemont: See ASX announcements dated August 20,
Slide 10: We are now 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 11: Titanium Production Facility - commissioning in Q2 2024
Titanium Production Facility - commissioning in Q2 2024 For personal use only Increasing titanium production capacity by +60x Scaling from ~2 tpa to 125+ tpa of titanium powder Phased expansion for higher production at lower costs 2,000+ tpa by 2026 with projected operating costs of US$30,000/t Phas
Slide 12: Advanced Manufacturing Center - first titanium products expected in Q2 2024
Advanced Manufacturing Center - first titanium products expected in For personal use only Q2 2024 Advanced manufacturing of high-strength titanium products Semi-finished titanium products, near-net shape forged titanium components and high-value titanium products using additive manufacturing Manufac
Slide 13: Titan Project allows an end-to-end, U.S. titanium supply chain
Titan Project allows an end-to- end, U.S. titanium supply chain For personal use only The fully permitted Titan Project in Tennessee is one of the largest titanium mineral resources in North America Integrating Titan Project with our titanium technologies enables an end-to-end solution to the U.S. t
Slide 14: The U.S. titanium supply chain is concentrated, high risk, and vulnerable to supply shocks
The U.S. titanium supply chain is concentrated, high risk, and vulnerable to supply shocks For personal use only 125,000 Exported Semi-Finished Wrought Titanium Products ~US$117,000 per metric tonne pricing on ~US$1.1b Exported Titanium Bars & Rods - Billets of U.S. exported semi-finished titanium p
Slide 15: 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 16: High value, near-term catalysts
High value, near-term catalysts ✓ 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 validati
Slide 17: Supporting Information
For personal use only Supporting Information 17
Slide 18: In the long term, our target addressable market is the global lightweight metals market
In the long term, our target addressable market is the global lightweight 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 pricing 1. Sour
Slide 19: We have been producing high-quality titanium with our 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 20: Titanium production is complex, high cost and unsustainable
Titanium $1,500 - Titanium production is complex, high cost Mineral $2,500/t Kroll Process and unsustainable Titanium $10,000 - Titanium $3,000 - For personal use only Sponge $15,000/t Scrap $15,000/t Kroll Process Vacuum Arc Remelting ▪ High temperature (1,300Co) slow batch process that requires hi
Slide 21: Our titanium technologies can revolutionize the titanium supply chain with low-cost, sustainable production
Our titanium technologies can revolutionize the titanium supply chain with low-cost, sustainable titanium production For personal use only HAMR “refining” technology Titanium $3,000 - Scrap $15,000/t ▪ Hydrogen Assisted Metallothermic Reduction (“HAMR”) process is based on a scientific breakthrough
Slide 22: HAMR – the breakthrough science behind the revolutionary process
HAMR – the breakthrough science behind the revolutionary process For personal use only ▪ 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 percen
Slide 23: HSPT – Forged quality titanium, without the forging process
HSPT – Forged quality titanium, without the forging process ▪ The proprietary Hydrogen Sintering and Phase Transformation (“HSPT”) technology is a powder HSPT as-sintered metallurgy pathway to produce forged quality titanium near-net shape parts and components microstructure For personal use only ▪