Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (April 2026)
25 slides from Iperionx's investor presentation, April 2026
Slide 1: IperionX Company Presentation
IperionX Company Presentation April 2026 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: Investment highlights
Investment highlights IperionX is scaling up at an opportune time - record titanium demand, extreme supply chain threats, and significant policy support 1 Record demand for titanium products, combined with extreme supply chain risks 2 Critical need for a U.S.-based titanium supply chain 3 Unparallel
Slide 4: IperionX is ramping up commercial operations after 3+ years of successful piloting
IperionX is ramping up commercial operations after 3+ years of successful piloting, supported by funding from DoW Successful First Commercial Demonstration of Titan Project Development Contract with Green RutileTM through Permitting and First Titanium Commencement of Titan Panerai, a luxury Titanium
Slide 5: Record defense spending is driving demand for domestic titanium
Record defense spending is driving demand for domestic titanium IperionX is a key enabler for U.S. defense - prototyping is currently underway for established industry applications, ahead of mass application U.S. Budget Authority – Total National Defense (US$ m)1 Titanium use in major U.S. weapons p
Slide 6: Re-shoring of supply chains is driving U.S. manufacturing
Re-shoring of supply chains is driving U.S. manufacturing IperionX's integrated model directly supports reshoring goals, and has led to significant support from the U.S. Government U.S. manufacturing industry gross output (US$ b)1 ~3% increase Strengthening the United States’ President Donald J. Tru
Slide 7: Advanced industries are generating conditions for mass titanium demand growth
Advanced industries are generating conditions for mass titanium demand growth IperionX placed to supply the future economy, with low-cost, sustainable titanium unlocking adoption in high- growth sectors Case study: Total robot sales forecast (million units)1 Case study: Content needed to support 1.4
Slide 8: China and Russia control ~80% of the global titanium supply chain
China and Russia control ~80% of the global titanium supply chain IperionX is re-shoring titanium production to the U.S., building resiliency for national security and industry Primary titanium geographic capacity1 Primary titanium production capacity (metric tons per year)1,2 600,000 U.S.A China +
Slide 9: The U.S. titanium supply chain is fully import reliant and inefficient
The U.S. titanium supply chain is fully import reliant and inefficient The current U.S. supply chain is 100% import reliant for upstream titanium sponge feedstock, and is inefficient in downstream manufacturing of titanium metal products Incumbent industry case study – production of a 0.50” hex head
Slide 10: IperionX's HAMR technology solves the feedstock problem
IperionX’s HAMR technology solves the feedstock problem, and is re-shoring titanium production to the U.S. Incumbent industry case study – production of a 0.50” hex head bolt (highly simplified) IperionX’s HAMR “refining” replaces Kroll and vacuum arc remelting 100% Import Reliant Titanium Carbother
Slide 11: IperionX's HSPT technology provides a step change in downstream efficiency
IperionX’s HSPT technology provides a step change in the overall efficiency of downstream titanium manufacturing Incumbent industry case study – production of a 0.50” hex head bolt (highly simplified) HSPT “Forging” significantly improves the efficiency and cost of the supply chain 100% Import Relia
Slide 12: Technologies adopted with industry leading partners
IperionX’s technologies have been technically and commercially adopted with industry leading partners Current and prior commercial partners1 Select products in development Marine Industrial Base Industrial Fasteners Ground Vehicles Automotive Components Defense Applications Consumer and Luxury Goods
Slide 13: Virginia operations: Successfully ramping HAMR powder production
Virginia operations: Successfully ramping HAMR powder production Titanium powder deoxygenation performance by month (metric tons) 5 4 3 2 1 0 Oct. 25 - Dec. 25 Jan. 26 Feb. 26 Mar. 26 ave. 13
Slide 14: Virginia operations: Range of high value products for diverse markets
Virginia operations: Ability to produce a range of high value products for diverse markets IperionX products can either be sold into the powder markets or further processed into final titanium metal products Fasteners Enclosures Titanium Powder Engineered Brackets HAMR HSPT Scrap Metallurgy Products
Slide 15: Virginia operations: Downstream capacity arriving throughout 2026
Virginia operations: Downstream capacity arriving throughout 2026 to scale HSPT production Additional furnaces support diverse products including fasteners, plates, and custom components for defense and industrial use 300-ton SACMI press Cold isostatic press Sintering furnace (example of model, curr
Slide 16: Customer engagement is accelerating as powder production ramps up
Customer engagement is accelerating as powder production ramps up and additional furnaces are commissioned for titanium products IperionX targeted customer segment information Estimated Estimated Customer Segment Product Type # of Prototype Product Sales Market ▪ Tiered go-to-market strategy, curren
Slide 17: Product development case study: U.S. DoW fastener sales cycle
Product development case study: U.S. DoW fastener sales cycle ▪ Strategic need identified for low-cost, US-manufactured titanium products for lightweighting in ground combat vehicles - initial US Army engagement begins. 2024 ▪ Multiple products and production pathways explored throughout 2024 and 20
Slide 18: Proven track record partnering with the U.S. Government
IperionX has a proven track record of successfully partnering with the U.S. Government on critical initiatives IperionX is now the only commercial producer of primary titanium metal in the U.S. and is currently producing defense-related titanium components for both Army and Navy applications January
Slide 19: U.S. DoW backed expansion in 2027 to become largest, lowest cost U.S. titanium producer
U.S. DoW backed expansion in 2027, to become the largest volume and lowest cost U.S. titanium producer 7x expansion in titanium production capacity, positioning IperionX to be the largest American titanium powder producer IperionX scale up production and operating cost profile1 Annual production run
Slide 20: GenX: Next-generation continuous HAMR platform
GenX : Next-generation continuous HAMR platform for capital- efficient, large-scale operations Potential for dramatically lower costs and higher volumes - enables titanium to compete in mass markets while maintaining low-carbon advantages BATCH FURNACES CONTINUOUS FURNACES Intermittent operation Con
Slide 21: Titan has the potential to fast-track U.S. supply of heavy rare earths, titanium and zircon
Titan has the potential to fast-track U.S. supply of heavy rare earths, titanium and zircon minerals Titan is one of the few U.S. projects that can underpin a vital, secure, and long-term critical mineral supply chain within the next few years ▪ Largest JORC-compliant resource of rare earth, titaniu
Slide 22: Titan as critical mineral cornerstone of U.S. Dy, Tb, and Y supply chain
Titan has the potential to be the critical mineral cornerstone of a growing U.S. Dy, Tb, and Y supply chain IperionX provides the U.S. with valuable dual benefit: domestic titanium metal supply and critical minerals security Permitted Shovel ready HREE-rich Permits already in place for initial miner
Slide 23: Disciplined capital deployment with continued U.S. Government support
Disciplined capital deployment with continued support from U.S. Government programs Cash balance reconciliation from Dec-31, 2025 to Mar-31, 2026 - (US$ m) Jan 1, 2026 - Opening cash 65.8 ▪ Robust liquidity plus ~$41 million in obligated Core operations government funding yet to be spent / received
Slide 24: High value catalysts
High value catalysts ✓ Advance through prototyping for our titanium metal products Corporate Overview (NASDAQ / ASX Ticker Symbol: IPX) $70.00 ✓ Secure prospective customer and government validation $60.00 ✓ Complete prototyping and low rate initial production $50.00 ✓ Secure long-term contracts acr
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