Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (February 2024)
24 slides from Iperionx's investor presentation, Feb 22, 2024
Slide 1: Corporate Presentation February 2024
Corporate Presentation February 2024 IperionX Limited NASDAQ and ASX: IPX
Slide 2: Disclaimers
Disclaimers 2 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”, “anti
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 3 Titanium’s supply chain is costly, environmentally unsustainable and dominated by China and Russia IperionX offers an end-to-end, cheaper and cleaner solution via innovative technologies Our technologies have been proven o
Slide 4: Titanium has superior material properties prized across advanced industries
4 Titanium has superior material properties that are prized across advanced industries 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 Titanium alloys can be 3-5x stronger than stainless steel Supe
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 5 Source: U.S. Geological Survey. Locations shown are approximate. PRIMARY TITANIUM (TITANIUM SPONGE) PRODUCTION CAPACITY Metric tons per annum 10,000 5,000
Slide 6: Today's titanium production is complex, high cost and unsustainable
Today’s titanium production is complex, high cost and unsustainable 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 temperature, low yielding, for
Slide 7: HAMR refining technology and HSPT forging technology
Hydrogen Assisted Metallothermic Reduction (HAMR) “refining” technology Simpler, faster and lower temperature (<800Co) process Energy consumption <50% vs. current industry, and zero direct carbon emissions Powders are an ingot replacement product, no need for Kroll and VAR melting IperionX’s titaniu
Slide 8: We have successfully proven commercial scale furnace production
8 We have successfully proven commercial scale furnace 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-the-shelf, low cost
Slide 9: Our high-performance titanium products have secured the interest of leading potential customers
9 1. Richemont: See ASX announcements dated August 20, 2022 and November 17, 2022 for details; AFRL: See ASX announcement dated January 18, 2023 for details; Carver Pump and NAVSEA (US Navy):See ASX announcement dated February 6, 2023 for details; U.S. Navy’s Naval Air Systems Command: See ASX annou
Slide 10: Scaling to commercial production at our Virginia Titanium Manufacturing Campus
10 We are now scaling to commercial production at our Virginia Titanium Manufacturing Campus Titanium Production Facility “TPF / 1080 Building” “Refining” of titanium scrap into high-quality titanium metal powders Advanced Manufacturing Center “AMC / 1092 Building” “Forging” and “printing” of titani
Slide 11: Titanium Production Facility - commissioning in Q2 2024
11 Titanium Production Facility - commissioning in Q2 2024 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 Phased production growt
Slide 12: Advanced Manufacturing Center - first titanium products expected in Q2 2024
12 Advanced Manufacturing Center - first titanium products expected in 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 Advanced center for titani
Slide 13: Titan Project allows an end-to-end U.S. titanium supply chain
13 Titan Project allows an end-to- end, U.S. titanium supply chain The fully permitted Titan Project in Tennessee is one of the largest titanium mineral resources in North America Titan critical mineral project contains titanium, zircon and rare earth minerals Integrating Titan Project with our tita
Slide 14: The U.S. titanium supply chain is concentrated, high risk, and vulnerable to supply shocks
Source: USITC DataWeb 14 The U.S. titanium supply chain is concentrated, high risk, and vulnerable to supply shocks ~US$117,000 per metric tonne pricing on ~US$1.1b of U.S. exported semi-finished titanium products in 2023 Supply constrained, rising price environment with the average price of exporte
Slide 15: Led by a highly experienced senior leadership team
Led by a highly experienced senior leadership team Anastasios “Taso” Arima Co-founder, MD and CEO Successful founder of multiple billion-dollar companies, including most recently Piedmont Lithium (Nasdaq: PLL) Todd Hannigan Executive Chairman 25+ years of global experience in natural resources as co
Slide 16: Key milestones and objectives
1. JORC and SK-1300 code compliant 16 Secure strategic partners for our titanium metal products Test powders and/or prototype parts with prospective customers Secured prospective customer and government validation Secure additional customers across core industry sectors Progress Titan Proj
Slide 17: Supporting Information
Supporting Information
Slide 18: Target addressable market is the global lightweight metals market
18 In the long term, our target addressable market is the global lightweight metals market Aluminum Market2 ~$165bn* Stainless Steel Market3 ~$200bn* Titanium Market1 ~$4bn* * Estimated Global Market Summary in USD. TAM market sizes are built up using 2022 material pricing Sources: Roskill, Argus Me
Slide 19: Producing high-quality titanium with award-winning technologies for over 18 months
19 We have been producing high-quality titanium with our award- winning technologies for over 18 months Consistent and repeatable process achieving high quality standard Pre-HAMR Oxygen Wt. % Ti64 ASTM Grade 5 Standard - 4.50 4.30 4.10 3.90 3.70 3.50 3.30 3.10 2.90 2.70 2.50 1.00 0.90 0.80 0.70 0.60
Slide 20: Titanium production is complex, high cost and unsustainable
20 Titanium production is complex, high cost and unsustainable $3,000 - $15,000/t $50,000 - $200,000+/t $75,000 - $200,000+/t Titanium Sponge Titanium Ingot Forging and Rolling/Extrusion Titanium Mill Products Titanium Products Vacuum Arc Remelting Titanium Mineral Kroll Process Titanium Powders Tit
Slide 21: HAMR refining technology
*IperionX holds exclusive rights over the HAMR and HSPT technologies. 21 Titanium Scrap HAMR “Refining” $3,000 - $15,000/t $50,000 - $200,000+/t Titanium Products Titanium Powders $75,000 - $200,000+/t HSPT “Forging” less Machining Traditional Machining Additive Mftg / 3D Printing Titanium Mill Prod
Slide 22: HAMR – the breakthrough science behind the revolutionary process
HAMR – the breakthrough science behind the revolutionary process Most common metals can be reduced to metal from oxides by carbon (or hydrogen) - this is not the case for Titanium Dioxide (“TiO2”) because of the stability of the Ti-O bonds In 1940, William Kroll invented a process to overcome this c
Slide 23: HSPT – Forged quality titanium, without the forging process
300 200 100 600 500 400 700 800 900 1000 1100 1200 1,000 10,000 100,000 Number of Cycles to Failure 1,000,000 10,000,000 Maximum Stress (MPa) As-sintered HSPT HSPT GIFed HSPT+GIF+HT(Globular) HSPT+GIF+HT(Bi-modal) Mill-annealed Pre-alloyed Blended Elemental Vacuum as-sintered microstructure HSPT as-
Slide 24: IperionX Limited
IPERIONX LIMITED ABN 84 618 935 372