Slide 1: A U.S. Critical Materials Company
For personal use only A U.S. Critical Materials Company June 2022 IperionX Limited ABN 84 618 935 372
Slide 2: Disclaimer
Disclaimer For personal use only 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”, “pl
Slide 3: Critical metals and their mineral feedstocks are key to our advanced industries
For personal use only Electric Vehicles Renewable Power Critical metals and their mineral feedstocks are key Consumer Electronics 3D Printing to our advanced industries Robotics Space Exploration Aerospace Defense 3
Slide 4: Titanium metal is extensively used in U.S. defense applications
Titanium metal is extensively used in U.S. defense applications For personal use only Higher strength to weight Lighter than steel Superior corrosion High temperature than steel & aluminum (~45% lighter) resistance / longevity applications Current Defense Applications Future Defense Applications U.S
Slide 5: But the U.S. titanium metal sector is 100% import reliant
But the U.S. titanium metal sector is 100% import reliant For personal use only 58% 13% 0% U.S. Russia China Titanium sponge capacity tons per annum 10,000 5,000 500 Titanium Primary Metal Production Capacity, 2020 Source: US Geological Survey. Locations shown are approximate. 5
Slide 6: Rare earths are a crucial component of permanent magnets
Permanent Magnets For personal use only Rare earths are a crucial component Generators & Electric Motors of high-performance permanent require Permanent Magnets magnets, which underpin the electrification of everything Light & Heavy Rare Earths Electric Vehicles require Wind Turbines require are req
Slide 7: The true "rare" earths are the heavies, but are dominated by China
The true “rare” earths are the heavies, but are dominated by China For personal use only Steel 2 Light Rare Aluminum 3 Earths Country Share % Stainless Steel 4 >60% Copper 9 Titanium Sponge 12 <20% Titanium Ingot 14 Metal Prices US$/kg U.S. China Nickel 26 Cobalt 72 Light Rare Praseodymium 145 Heavy
Slide 8: We have the solution
We have the solution For personal use only Titanium Heavy Rare Light Rare Zirconium Metal Earth Metals) Earth Metals) Metal HAMR & Metal Other Metal Operations Technologies Future research to focus on applying the breakthrough metal technologies to the critical mineral endowment at the Titan Project
Slide 9: Metal Operations
For personal use only Metal Operations 9
Slide 10: IperionX vs. Current Industry
IperionX vs. Current Industry Mineral / Scrap Mineral For personal use only HAMR Chlorination Purified TiCl4 The HAMR technology can Kroll revolutionize the titanium manufacturing process Titanium Sponge The patented metal technologies, centered around Hydrogen Assisted Metallothermic Reduction (“HA
Slide 11: We are already producing titanium powder and parts for customer prototyping
We are already producing titanium powder and parts for customer prototyping For personal use only We have a pilot facility operating in Salt Lake City, Utah – built with funding from the U.S. Department of Energy’s ARPA-E ▪ Development of a larger Titanium Demonstration Facility (“TDF”) currently un
Slide 12: And providing for long term sustainability of supply
And providing for long term sustainability of supply For personal use only Lower Carbon Emissions 100% Recycled Product >130kg 80 60 (kg CO2 / kg metal) CO2 Emissions 40 20 Potential 95%+ Manufacturing of our titanium metal powders today is 100% fed by scrap Reduction 0 titanium and in the future we
Slide 13: We have potential to disrupt existing stainless steel and aluminum markets
We have potential to disrupt existing stainless steel and aluminum markets For personal use only ~$251bn* ~$228bn* ~$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 ~$3,400/t
Slide 14: Mineral Operations
For personal use only Mineral Operations 14
Slide 15: Our Titan Project is the large scale, simple & sustainable answer
For personal use only Our Titan Project is the large scale, simple & sustainable answer to U.S. critical mineral supply chain concerns 100% owned by IperionX, our Titan Project covers 11,000+ acres of titanium & rare earth rich heavy mineral sands in west Tennessee ▪ Infrastructure rich location in
Slide 16: With potential to be a significant source of U.S. heavy rare earth minerals
With potential to be a significant source of U.S. heavy rare earth minerals For personal use only 24% 4% 2% Mountain Pass, Mt Weld, USA Australia Heavy Rare Earths Global Heavy Rare Earth Element (HREE) Refining Capacity In-Situ REO Basket %1 IperionX’s Titan Project (HREE-rich deposit) Source: Publ
Slide 17: Low-cost pathway to production and established downstream rare earth processing
Low-cost pathway to production and established downstream rare earth processing For personal use only Partnership with Energy Fuels1 provides a rapid, low-capital pathway to production of the rare earth products needed to re- shore the permanent magnet supply chain Rare Earth Mineral Cracking & Oxid
Slide 18: We are also a major potential source of titanium minerals for the paint & pigment industry
For personal use only We are also 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 estimated to be ~1.1 million tons ▪ Ukraine was a maj
Slide 19: We aim to develop one of the most environmentally sustainable mineral operations
We aim to develop one of the most environmentally sustainable mineral operations For personal use only IperionX example operation impact Mt Weld, Lynas Corporation (U.S. mine site) (Australian hard rock rare earth mine) ▪ No drilling, blasting or hazardous chemicals used for extraction ▪ Drilling, b
Slide 20: We aim to be a good corporate citizen in all our activities
We aim to be a good corporate citizen in all our activities For personal use only ESG Strategy & Community Outreach Leading Industry Relevant Life-cycle Analysis & Education Sustainability Programs Committed to be a leader in incorporating ESG Dedicated to being a good corporate neighbor in the Pass
Slide 21: IperionX's vision is to re-shore a U.S. sustainable critical material supply chain
IperionX’s vision is to re-shore a U.S. sustainable critical material supply chain For personal use only – our near-term milestones will help drive our success NASDAQ Listing Release of the Scoping Study outlining the economics on the Titan Project Continued work to get the Titan Project “constructi
Slide 22: IPX
For personal use only IPX Website Headquarters E-mail Phone www.iperionx.com 129 W Trade St, Ste. 1405 investorrelations@iperionx.com +1-980-213-2290 Charlotte, NC,. 28202