Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (July 2026)
25 slides from Iperionx's investor presentation, July 2026
Slide 1: IperionX Company Presentation
IperionX Company Presentation July 2026 IperionX Limited NASDAQ and ASX: IPX
Slide 2: Disclaimers
Disclaimers Forward Looking Statements This presentation is being made to you solely as a prospective investor considering purchasing American Depositary Shares (“ADSs”) offered by IperionX Limited (“IPX” or the “Company”). You may not take away, reproduce or distribute this presentation, in whole o
Slide 3: I. Company Overview
I. Company Overview
Slide 4: Investment highlights
Investment highlights IperionX is scaling up at an opportune time - high titanium demand, current supply chain threats, and policy support 1 High demand for titanium products, combined with current supply chain risks 2 Substantial need for a U.S.-based titanium supply chain 3 Strong U.S. Government
Slide 5: 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 6: Significant defense spending is driving demand for domestic titanium
Significant defense spending is driving demand for domestic titanium IperionX is a potential leading provider for U.S. defense – prototyping is currently underway for established industry applications, ahead of anticipated mass application U.S. Budget Authority – Total National Defense (US$b)1 Titan
Slide 7: Re-shoring of supply chains is driving U.S. manufacturing
Re-shoring of supply chains is driving U.S. manufacturing IperionX's integrated model directly supports reshoring goals, and has led to significant support from the U.S. Government U.S. manufacturing industry gross output (US$b)1 ~3% increase Strengthening the United States’ President Donald J. Trum
Slide 8: China and Russia control ~80% of the global titanium supply chain
China and Russia control ~80% of the global titanium supply chain We believe re-shoring titanium production to the United States will be essential to restoring supply chain resilience and reducing reliance on foreign sources of critical materials Primary titanium geographic capacity1 Primary titaniu
Slide 9: The current U.S. titanium supply chain is fully import reliant and inefficient
The current 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”
Slide 10: IperionX's HAMR technology is designed to solve the feedstock problem
IperionX’s HAMR technology is designed to solve 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 simplified1) IperionX’s HAMR “refining” replaces Kroll and vacuum arc remelting 100% Import Reliant Tit
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 simplified1) HSPT “Forging” significantly improves the efficiency and cost of the supply chain 100% Import Reli
Slide 12: 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. 12
Slide 13: Virginia operations: Downstream capacity expected throughout 2026 to scale HSPT production
Virginia operations: Downstream capacity currently expected to arrive 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 (ex
Slide 14: Virginia operations: Ability to produce a range of high value products
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 Scrap1 Metallurgy Product
Slide 15: IperionX's technologies have been 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 Automotive Components Defense Applications Ground Vehicles Consumer and Luxury Goods Industrial Fasteners
Slide 16: Customer engagement is increasing as powder production ramps up
Customer engagement is increasing as powder production ramps up and additional furnaces are commissioned for titanium products IperionX targeted customer segment information Estimated # of Prototype Targeted Customer Segment Product Type Product Pricing Sales Cycle Engagements Market Entry ($/kg) Mi
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: IperionX has successfully partnered with the U.S. Government on critical initiatives
IperionX has successfully partnered 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 2026 June 2025 February
Slide 19: U.S. DoW backed expansion in 2027, aiming to become a leading volume and lowest cost producer
U.S. DoW backed expansion in 2027, aiming to become a leading volume and lowest cost U.S. titanium producer 7x expansion in titanium production anticipated capacity, positioning IperionX to be the largest American titanium powder producer IperionX scale up production and operating cost profile1 Annu
Slide 20: II. Camden-Titan Critical Minerals Overview
II. Camden-Titan Critical Minerals Overview
Slide 21: Titan addresses multiple defense-critical material chokepoints
Titan addresses multiple defense-critical material chokepoints Titan secures four key defense-critical material families, from leading U.S. critical mineral reserve 66 65 Dy Tb High temperature magnets Dysprosium 162.50 Terbium 158.93 Drones, missiles, actuators, robotics, 60 59 EVs, weapons systems
Slide 22: Four strategic material streams, one U.S. supply-chain platform
Four strategic material streams, one U.S. supply-chain platform Titan is a rare U.S. critical minerals platform that can potentially solve multiple supply chain chokepoints across defense, nuclear, semiconductors, AI infrastructure, robotics and advanced manufacturing CORNERSTONE PROJECT - FOUR STRA
Slide 23: Titan DFS: strong economics, strategic products and shovel-ready
Titan DFS: strong economics, strategic products and shovel-ready Leading U.S. rare earth and critical minerals project with strong economics and near-term development pathway Site economics Potential market opportunity AFTER-TAX NPV LIFE OF MINE EBITDA AND FCF DEVELOPMENT CAPEX 37,000 BOEING 787s2 U
Slide 24: Camden acquisition: Unlocking ultra-high-grade critical minerals
Camden acquisition: Unlocking ultra-high-grade critical minerals to support U.S. supply chains Camden surface stockpiles return exceptional grades up to 23% THM, positioning IperionX to support strategic titanium, zircon, and heavy rare earth feedstocks to the U.S. defense and advanced technology se
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