Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (February 2023)
34 slides from Iperionx's investor presentation, Feb 9, 2023
Slide 1: Corporate Presentation February 2023
For personal use only Corporate Presentation February 2023 NASDAQ & ASX: IPX ABN 84 618 935 372
Slide 2: Disclaimers
Disclaimers For personal use only 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
Slide 3: Senior leadership team
Senior leadership team For personal use only Anastasios “Taso” Arima Todd Hannigan Co-founder, Director & CEO Executive Chairman Successful entrepreneur, founder of multiple $1billion+ companies, 25+ years of global experience in natural resources as company founder, including most recently Piedmont
Slide 4: Executive Summary
For personal use only Executive Summary Titan Project Titanium Scrap Market 4
Slide 5: Vision to re-shore a recyclable, sustainable, low-cost U.S. titanium supply chain
Our vision is to re-shore a 100% recyclable, sustainable and low- cost integrated U.S. titanium metal supply chain For personal use only All American Sustainably & circular Revolutionary technology with a Meeting domestic and allied countries Creating a low-to-zero carbon, pathway to lower cost & ac
Slide 6: IperionX has two core business units
IperionX has two core business units to achieve this vision: Minerals and Metals Technology For personal use only Minerals business Metals technology business Upstream U.S. titanium & rare earth deposit Downstream U.S. titanium metal manufacturing Sustainable extraction & mineral separation 100% rec
Slide 7: Primary challenge: complex, high cost, high emissions, non-circular supply chain
The primary challenge for titanium has been the complex, high cost, high emissions, and non-circular supply chain For personal use only Current industry - complex mineral to High emissions intensity Non-circular supply chain metal supply chain Carbon emission estimates of stainless steel, aluminum a
Slide 8: Supply chain dominated by China & Russia, threatening U.S. national security
The second major challenge is a supply chain dominated by China & Russia, posing a threat U.S. national security For personal use only Current titanium defense applications Global titanium sponge capacity ~72% China & Russia U.S. Airforce U.S. Army U.S. Navy F-35 Lighting M777 Howitzer SSN774 Virgin
Slide 9: Patented HAMR process invented from 2016 scientific discovery
For personal use only Invented by and based on a scientific discovery in 2016 by Dr. Zak Fang1, Professor of Metallurgical Engineering at the University of Utah Our patented and award-winning Hydrogen Assisted Magnesiothermic Majority of early funding provided by ARPA-e from Reduction (HAMR) process
Slide 10: Industrial pilot facility proven and validated by partners
Our industrial pilot facility has proven our revolutionary process and has been validated by government and commercial partners For personal use only Industrial Pilot Facility producing titanium powders from 100% scrap feedstock Major European luxury goods manufacturer (Euro ~81 Specialized supplier
Slide 11: Scaling into first commercial facility in Virginia
We are now scaling into our first commercial facility in 2023 For personal use only Titanium Demonstration Facility, Halifax County, Virginia Completing detailed design for 125tpa of titanium 125tpa (Phase I) powder production Targeted production rate Existing 50,000sqf building has sufficient space
Slide 12: Economic and sustainable solution to re-shore the U.S. titanium supply chain
We are an economic and sustainable solution to re-shore the U.S. titanium supply chain For personal use only 100% U.S. made with the 100% scrap used in production Low capital and operating potential to establish facilities with no need for titanium costs in a low risk, modular in allied countries sp
Slide 13: Wide range of commercial routes to market
We have a wide range of commercial routes to market – from traditional titanium products to high growth additive markets For personal use only Titanium Scrap HAMR Powder Additive Powder Manufacturing Metallurgy Near Net Shape Casting Titanium Plate Titanium Sheet Titanium Billet Titanium Bar Titaniu
Slide 14: Future Titan Project integration could re-shore titanium supply chain
Future Titan Project integration could re-shore a circular, low cost For personal use only and sustainable U.S. mineral to metal titanium supply chain Titan Project Titanium Minerals Titan Project, 100% controlled by IperionX, Alkaline Roast & is the largest titanium Hydrolysis resource in North Ame
Slide 15: Industrial technology company targeting stainless steel & aluminum
We are an industrial technology company which can disrupt the metals sector, with our sights on stainless steel & aluminum For personal use only Machinery, Consumer Metal Automotive & Construction Metal & global market size1 Equipment, & Other Products Transportation Materials Electronics Stainless
Slide 16: Leveraged to growth of Additive Manufacturing industry
We are also highly leveraged to the growth of the Additive Manufacturing industry – we are the potential “Ink” for 3D printers For personal use only Global market for metal AM Powder - by metal Global market for metal AM powder - by jurisdiction $7,000 $7.0 North America Europe Asia Pacific China Re
Slide 17: Positioned to benefit from government funding and incentives
We are well-positioned to benefit from government funding and incentives for re-shoring U.S. critical material supply chains For personal use only Department of Defense Department of Energy U.S. Congress White House Defense Production Act Title III funding Advanced Materials and Manufacturing Inflat
Slide 18: Multiple value adding, near term, catalysts
Multiple value adding, near term, catalysts For personal use only ✓ Secure strategic partners for our titanium metal operations Corporate overview (NASDAQ / ASX Ticker Symbol: IPX) ✓ Test powders and/or prototype parts with prospective customers 10.00 ✓ Secured customer & government validation Secur
Slide 19: Titan Project
For personal use only Executive Summary Titan Project Titanium Scrap Market 19
Slide 20: Titan Project: large scale, simple & sustainable answer to critical mineral supply
For personal use only Our Titan Project is the large scale, simple & sustainable answer to U.S. critical mineral supply chains 100% owned by IperionX, our Titan Project covers 11,000+ acres of titanium & rare earth rich mineral sands in Tennessee ▪ Infrastructure rich location in the heartland of th
Slide 21: The Titan Project's potential economics
The Titan Project’s potential economics US$117 million For personal use only Average EBITDA1 demonstrate one of the highest NPV- to-CAPEX ratios of advanced U.S. critical mineral development projects US$692 million NPV to Capex Ratio2 NPV8%1 3.0 2.0 40% After-tax IRR1 1.0 0.0 Titan Thacker Pass Fort
Slide 22: Titan Project a potential multi-decade source of U.S. titanium
For personal use only 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 ▪ Geological formation targeted is the McNairy Sand, a massive formation extending North-South through west Tennessee ▪ Proje
Slide 23: Simple and conventional extraction and processing of multiple product streams
Simple and conventional extraction and processing to produce multiple high-value product streams including rare earths For personal use only 90%+ of the sand extracted is returned to void for reclamation Rare Earth Sustainable Wet Rare Earth Rare Earth Energy Fuels McNairy Minerals Separated Rare Mi
Slide 24: Rare earth minerals provide pathway for U.S. rare earth supply chain
Rare Earth Minerals from the Titan Project provide a pathway for a U.S. rare earth supply chain For personal use only Upstream Midstream Downstream Targeting shovel-ready in 2023 Cracking & leaching operational today with multibillion Future potential for metallization & magnet alloy dollar replacem
Slide 25: Potential source of U.S. heavy rare earth minerals
Potential to be a significant source of U.S. heavy rare earth minerals Titan Project projected annual average production of REO-in- concentrate (first 5 years) v. 2020 North American Demand For personal use only 300 254 tpa 200 Annual Tonnes 100 68 tpa1 0 Titan Project Ann. Avg. North American Deman
Slide 26: Major potential source of titanium minerals for paint & pigment industry
For personal use only A major potential source of titanium minerals for the paint & pigment industry ▪ U.S. paint & pigment industry is 90+% import dependent on titanium minerals ▪ U.S. domestic consumption of TiO2 pigment in 2021 was approximately 1.1 million tons ▪ Titan Project will produce ~120k
Slide 27: Applying titanium metal technologies to improve mineral products
We are also applying our titanium metal technologies to significantly improve our future mineral products For personal use only Tennessee ilmenite Synthetic rutile Hydrogen Pelletize Leach Sintering 58-60% TiO2 85-90% TiO2 Est. spot price ~US$400+ per tonne Est. spot price ~US$1,200+ per tonne High
Slide 28: Sustainable extraction, processing, reclamation and rehabilitation
Focused on sustainable extraction, processing, reclamation and rehabilitation For personal use only Low carbon impact extraction with active Research into improved rehabilitation programs reclamation to return land to a better post operations state ▪ Focusing on zero carbon power (as processing requ
Slide 29: Committed to community engagement and education
For personal use only Committed to community Benton County Community Q&A engagement and education ▪ Since the beginning of IperionX, the strategy has been to engage and educate the communities of Benton, Henry & Carroll counties ▪ IperionX’s team has been extremely active, and over the last few year
Slide 30: Mineral Demonstration Facility for customer and community engagement
For personal use only Mineral Demonstration Facility for customer and community engagement Stage 1 (Operational): Initial hydro-cyclones to remove fine (<45 micron) clays from McNairy Sand ore, successfully used to process bulk sample for feasibility study metallurgical testwork Stage 2 (Operational
Slide 31: Titanium Scrap Market
For personal use only Executive Summary Titan Project Titanium Scrap Market 31
Slide 32: Scrap generation in the U.S. titanium supply chain
Scrap generation in the U.S. titanium supply chain For personal use only ▪ A significant amount of scrap is lost, or un-usable, in the current U.S. supply chain ▪ IperionX’s technology provides a potential pathway to sustainably recycle this scrap to produce valuable titanium metal Titanium supply c
Slide 33: Large volumes of U.S. titanium scrap could be upcycled
Large volumes of U.S. titanium scrap could be upcycled by IperionX technology into valuable titanium metal For personal use only U.S. titanium scrap summary 2014 2015 2016 2017 2018 2019 2020 (Metric tons) Total Titanium Scrap in Circulation 63,100 62,900 64,560 69,600 61,500 62,000 45,000 Titanium
Slide 34: Further information contact
For personal use only Further information contact: info@iperionx.com