Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (October 2023)
28 slides from Iperionx's investor presentation, Oct 9, 2023
Slide 1: Corporate Presentation October 2023
Corporate Presentation October 2023 For personal use only IperionX Limited NASDAQ & ASX: IPX ABN 84 618 935 372
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: What do we do?
For personal use only What do we do? We produce high-performance, sustainable, low-cost titanium metal products in the U.S. using proprietary technologies Panerai Submersible S BRABUS eTitanio Made with IperionX 100% recycled titanium using Direct Metal Laser Sintering (DMLS) 3
Slide 4: What is our plan?
What is our plan? Build low-cost, sustainable metal production today, and integrate with minerals production tomorrow, entirely within the U.S. For personal use only Scale metal production capacity via revolutionary patented titanium metal technologies using titanium scrap as a raw material 1 o 100%
Slide 5: Why do we focus on titanium?
Why do we focus on titanium? Titanium has superior For personal use only material properties that are prized across industries from defense to consumer Lockheed Martin F-35 Lightning II electronics ~20% titanium by weight High strength-to-weight ratio (Titanium alloys can have a far higher strength-
Slide 6: Titanium supply chain reliant on China and Russia
Why do we focus on titanium? The current global titanium supply chain has become +70% reliant on China & Russia For personal use only PRIMARY TITANIUM (TITANIUM SPONGE) PRODUCTION CAPACITY Metric tons per annum 10,000 5,000 Source: U.S. Geological Survey. Locations shown are approximate. 6
Slide 7: Titanium supply chain is complex, expensive, generates scrap
Why do we focus on titanium? The current titanium supply chain is complex, expensive, and generates large volumes of scrap For personal use only The Current Titanium Supply Chain – Mineral to Final Part Titanium Reduction & Upwards of 10:1 to 20:1 Scrap-to- Sponge Ingot Mineral Chlorination TiCl4 Di
Slide 8: Current titanium supply is unsustainable with high carbon emissions
Why do we focus on titanium? The current titanium supply is unsustainable, with high carbon emissions and cannot achieve full circularity For personal use only Carbon emission estimates of stainless steel, aluminum, and Current supply chain is non-circular and high waste titanium ingot (via Kroll) 5
Slide 9: Large-scale opportunity to disrupt lightweight structural materials markets
Why do we focus on titanium? Low-cost, sustainable titanium has a large-scale opportunity to disrupt lightweight structural materials markets For personal use only ~$200bn* ~$165bn* ~$4bn* Titanium Market1 Aluminum Market2 Stainless Steel Market3 * Estimated Global Market Summary in USD. TAM market
Slide 10: What is our solution?
For personal use only What is our solution? Our award-winning titanium metal production can convert titanium minerals or scrap into high-performance titanium metal products 10
Slide 11: Low-cost, sustainable solution to refining and forging of titanium
What is our solution? Our technologies provide a low-cost, sustainable solution to the refining and forging of titanium metal For personal use only Titanium Refining Technologies Titanium 'Forging' Technologies High-performance titanium powders 'Forged' near-net shape titanium products Hydrogen Assi
Slide 12: Technologies disrupt the titanium supply chain
Titanium Scrap (or Titanium Minerals) For personal use only Titanium Refining Technologies What is our solution? Spherical Powder Angular Powder Our technologies1 disrupt the titanium supply chain to deliver Additive Titanium Forging 2:1 to 7:1 a low-cost, sustainable solution, Manufacturing Technol
Slide 13: Technologies deliver high-performance products with cost and waste reductions
What is our solution? Our technologies deliver high-performance products to our customers, providing significant cost and waste reductions For personal use only IperionX near-net shape titanium products – for higher CNC productivity, lower cost, and improved sustainability Traditional IPX Donut IPX
Slide 14: Sustainable, fully circular U.S. titanium supply chain
What is our solution? We can provide a sustainable, fully circular U.S. titanium supply chain with zero scope 1 & 2 carbon emissions For personal use only 140 124.9 First UL Validated 100% Recycled Titanium Metal Powders 120 Estimated Life Cycle CO2e Emissions Atomization process to produce metal po
Slide 15: What are we doing today?
What are we doing today? We produce high-performance titanium at our industrial pilot facility in Utah, and plan to scale production in Virginia For personal use only Commercial Titanium Production Industrial Pilot Facility Titanium production + advanced Titanium production + manufacturing R&D facil
Slide 16: Where are we going tomorrow?
Where are we going tomorrow? By scaling production at our Virginia facility, we begin to re-shore a fully integrated U.S. titanium supply chain For personal use only Virginia Titanium Production Facility Techno-Economic Assessment Outcomes (April 2023)1 120 1,200 100 1,000 Annual Titanium Production
Slide 17: Who are our partners?
Who are our partners? Our plans have already led to strong collaborations across industries, and we expect this to only grow as we scale For personal use only Current Industries1 Target Industries U.S. Additive Luxury Bikes & Green Consumer Industrial Automotive Defense Manufacturing Goods Micromobi
Slide 18: Supporting Information
For personal use only Supporting Information 18
Slide 19: High value, near-term catalysts
High value, near-term catalysts ✓ Secure strategic partners for our titanium metal products Corporate Overview (NASDAQ / ASX Ticker Symbol: IPX) $15.00 ✓ Test powders and/or prototype parts with prospective customers For personal use only $12.50 ✓ Secured customer & government validation ✓ Secure ad
Slide 20: Senior leadership team
Senior leadership team For personal use only Anastasios “Taso” Arima Todd Hannigan Co-founder, MD & CEO Executive Chairman Successful founder of multiple billion-dollar companies, including most 25+ years of global experience in natural resources as company founder, recently Piedmont Lithium (Nasdaq
Slide 21: Industrial technology company that can disrupt the metals sector
We are an industrial technology company that 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 S
Slide 22: Leveraged to growth of the Additive Manufacturing industry
We are leveraged to the growth of the Additive Manufacturing industry – we are the titanium 'ink' for 3D printers For personal use only Forecasted Global Metal AM Market by Metal Forecasted Global Metal AM Market by Region $12.0 North America Europe Asia Pacific China Rest of World $12.0 $10.0 $10.0
Slide 23: Unique titanium alloys not commercially available
We can offer unique titanium alloys that were not commercially available for customers YS UTS Elongation E Modulus Alloy Composition Current Applications (MPa) (MPa) (%) (GPa) For personal use only Aluminum 6061 99% Al - <1% Fe - <1% Si Broad / Bike Frames 276 310 12 -17 69 65% Fe – 17% Cr – 12% Ni
Slide 24: Recycling titanium scrap into high-performance powders and products
We take titanium scrap from the supply chain and recycle it into high-performance titanium metal powders and products ▪ Significant quantities of titanium scrap is lost, or unusable, in the current U.S. supply chain For personal use only ▪ IperionX technologies1 can sustainably recycle this scrap to
Slide 25: The Titan Project: multi-decade source of U.S. titanium
The Titan Project is a future multi- decade source of U.S. titanium, with significant rare earth product For personal use only ▪ Geological formation targeted is the McNairy Sand, a massive formation extending North-South through West Tennessee ▪ Projected 25-year initial operational life covers onl
Slide 26: Simple, proven extraction and processing for multiple product streams
Simple, proven extraction and processing to produce multiple high- value product streams including rare earths 90%+ of the sand extracted is returned to void for For personal use only reclamation Rare Earth Sustainable Wet Rare Earth Rare Earth Energy Fuels McNairy Concentrate Separated Rare Mineral
Slide 27: HAMR – the breakthrough science behind the process
HAMR – the breakthrough science behind the revolutionary process For personal use only ▪ Most common metals can be reduced to metal from oxides by carbon Hydrogen’s effect on the Ti-O bonds (or hydrogen) - this is not the case for Titanium Dioxide (“TiO2”) because Ti-O bonds at various weight percen
Slide 28: HSPT – Forged quality titanium, without the forging process
HSPT – Forged quality titanium, without the forging process ▪ The proprietary Hydrogen Sintering and Phase Transformation (“HSPT”) technology is a powder HSPT as-sintered metallurgy pathway to produce forged quality titanium near-net shape parts and components microstructure For personal use only ▪