Iperionx Ltd. · ASX:IPX
Iperionx — Investor Presentation (February 2022)
29 slides from Iperionx's investor presentation, February 2022
Slide 1: Sustainable, Low-Cost Critical Materials for America
Sustainable, Low-Cost Critical Materials for America Corporate Presentation February 2022
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: Our mission: leading developer of low-to-zero carbon critical materials for the U.S.
Our mission is to be the leading developer of low-to-zero carbon, sustainable and low-cost critical materials for the U.S.
Slide 4: Two core businesses: metals and minerals
Two core businesses: potential to combine breakthrough technology for metal production with U.S. critical minerals supply Metals Business: Potential METALS BUSINESS Downstream Low-to-Zero Carbon Titanium Scrap / Used Blacksand Titanium metal & AM & PM Metal Powders Technologies, LLC $50 – $500/kg Ti
Slide 5: Minerals business: our Titan project
Minerals business: our Titan project provides the building blocks to solving two of the most critical material supply chains in the U.S. today – rare earths & titanium.
Slide 6: World class location with access to infrastructure
World class location with access to infrastructure required for low-cost operations I-40 POWER & GAS FREIGHT RAIL MAJOR HIGHWAYS High-capacity transmission Norfolk Southern mainline I-40 10 miles south of lines near project running through Camden, TN Camden, TN SKILLED WORKFORCE PORTS Camden, TN (po
Slide 7: 9.5 Mt contained heavy minerals (431Mt @ 2.2% THM)
9.5 Mt contained heavy minerals (431Mt @ 2.2%THM) Largest titanium and rare earth mineral sand hosted resource in the untapped, west Tennessee critical mineral province of U.S. THM assemblage Titan Project Cut off Tons THM % THM Zircon Rutile Ilmenite REE Staurolite (THM %) (Mt) (%) (Mt) (%) (%) (%)
Slide 8: West Tennessee is an untapped critical mineral province
West Tennessee is an untapped critical mineral province 88 8
Slide 9: Mineralization in simple, thick, shallow unconsolidated sand
Mineralization is contained in a simple, thick, shallow and unconsolidated sand amenable to low-cost, large-scale mining techniques
Slide 10: Range of conventional processing techniques and optionality
Potential for a range of conventional processing techniques, including operational and product optionality Option 1: REE Flotation Only Rare Earth Mineral Titanium & REE Concentrate Concentrate Zircon Rich Flotation Circuit (58% TREO) Concentrate TYPICAL INCREASE IN CAPITAL INTENSITY Potential for c
Slide 11: Titan project would reshore rare earth and titanium supply chains
Development of the Titan project would reshore rare earth and titanium mineral supply chains in the U.S. Rare Earth Minerals Titanium Minerals Aerospace, Space, Defense, EV & Renewable, Advanced Industries Renewables, Housing, Manufacturing, Consumer Goods
Slide 12: MoU with Energy Fuels for a U.S. rare earth partnership
IperionX has an MoU with Energy Fuels targeting the development of a low-cost, U.S. rare earth partnership ▪ MoU to evaluate supply of monazite to Energy Fuels (NYSE: UUUU)1 ▪ Energy Fuels operates one of the only processing facilities WHITE MESA MILL TITAN PROJECT outside of China capable of proces
Slide 13: IperionX and Energy Fuels near-term U.S. rare earth solution
IperionX & Energy Fuels aim to provide a real, near-term solution to the U.S. rare earth supply chain Potential U.S. long-term, low-cost REE mineral Existing large-scale cracking & leaching capacity / Potential downstream metal production to allow feedstock supply Build-out of separation capacity co
Slide 14: U.S. titanium feedstocks supply chain needs repair
The U.S. supply chain for the paint and pigment industry is also in need of repair U.S. Titanium feedstock: import % of requirements & value breakdown 92% 91% 92% 91% 92% U.S. Titanium Mineral Import 86% 83% 92% 78% U.S. import dependence Reliance 77% on titanium feedstock 68% 65% Domestic Productio
Slide 15: Low-cost, sustainable titanium for the paint and pigment market
IperionX aims to solve these supply chain issues and provide low-cost, sustainable titanium for the 2nd largest global paint and pigment market In the heart of the U.S. Pigment Industry Major Logistical Advantage Low-cost shipping to all pigment producers, including Chemours with whom IperionX has s
Slide 16: Metals business: patented titanium metal technologies
Metals business: our patented titanium metal technologies have the potential to not only reshore the U.S. titanium metal supply chain but also disrupt the structural metals market.
Slide 17: Why titanium?
Why titanium? Strong Lightweight Stronger than aluminum and comparable to stainless steel 40% lighter than stainless steel and the highest strength to weight ratio of any structural metal Recyclable Longevity Potentially 100% recyclable with Higher corrosion resistance IperionX’s technology1 than al
Slide 18: U.S. is the largest consumer of titanium metal
The U.S. is the largest consumer of titanium metal driven by aerospace & defense sectors but has no domestic primary titanium metal production U.S. Titanium Market 2020 Global Primary Titanium Metal Supply Titan Project Titanium Sponge Facilities Chinese Ti Sponge Capacity Statistics 2019 U.S. Consu
Slide 19: Titanium is a high-cost, complex supply chain
The existing challenge with titanium is a high-cost, complex supply chain Titanium TiCl4 Titanium Titanium Ingot Titanium Bar / Titanium Wire Spherical mineral Intermediate Sponge + Billet Powder feedstock product Scrap INCREASING COMPLEXITY & COST; DECREASING EFFICIENCY & YIELD
Slide 20: Titanium is not 100% recyclable with current process
Titanium is not 100% recyclable with the current industry process Titanium Recycling Challenges Recirculation rate and re-melting ▪ Titanium scrap has a <50% recirculation rate, with most scrap being sold Ti Sponge 14kt into the Ferrotitanium market 124Kt Ferro-Titanium ▪ 10-20% of Titanium sponge p
Slide 21: HAMR technology to reshore a low-cost titanium metal supply chain
Patented technologies developed with leading partners IperionX’s breakthrough HAMR technology has the potential to Invented by Dr. Zak Fang, Professor of Metallurgy within the University of Utah reshore a low-to-zero carbon, low- cost titanium metal supply chain in the U.S. Majority of funding provi
Slide 22: HAMR taken through piloting, ready for scale-up
HAMR technology has been taken through piloting and proven as a technology, now ready for scale-up and full commercialization Lab Scale Development Pilot Scale Plant
Slide 23: Dr. Fang's scientific breakthrough for titanium manufacturing
Dr. Fang’s scientific breakthrough for titanium metal manufacturing Hydrogen assisted magnesium reduction / deoxygenation of titanium (“HAMR”) Sustainable ▪ Dr. Fang’s breakthrough was the discovery that hydrogen destabilizes the Ti-O bonds making it thermodynamically favorable to reduce Ti-O with M
Slide 24: Patented technologies a step change in titanium metal and powders
IperionX’s patented technologies have the potential to be a step change in the production of titanium metal and metal powders 3D Printing 3D printed parts Titanium minerals or Bind, Spray-dry & Sinter Deoxygenation with Mg in a H2 Ti Spherical Powder scrap metals can be Electricity and Reagents envi
Slide 25: Superior and sustainable structural metals supply chain
Commercializing this technology has the potential to deliver a superior & sustainable structural metals supply chain IperionX titanium1 Kroll titanium Stainless steel Aluminum ✔Superior product ✔Superior product ✔Good product ✔Good product ✔Potential for 100% recycled finished 🗶 5% recycled…
Slide 26: Potential to disrupt the structural metals market
Commercializing our technology has the potential to disrupt the structural metals market - especially the stainless steel and aluminum markets Decarbonizing and enabling Light weighting and Reshoring and advancing a our aerospace sector decarbonizing EV’s U.S. military advantage Strengthening and En
Slide 27: Value-added milestones in the coming quarters
IperionX has real value-added milestones that will build the story and educate the market in the coming quarters ✓ Secure Opportunity in USA critical mineral supply chain & build core team 4th Quarter 2020 ✓ Secure HAMR & GSD technology for zero carbon titanium metal production 1st Quarter 2021 ✓ Mo
Slide 28: Management Team
A world class, highly experienced team ANASTASIOS ARIMA VAUGHN TAYLOR LORRAINE MARTIN Directors Board of Managing Director Non-Executive Director Non-Executive Director TODD HANNIGAN MELISSA WALLER BEVERLY WYSE Chairman Non-Executive Director Non-Executive Director TOBY SYMONDS LAMONT LEATHERMAN PAT
Slide 29: Capital structure
Capital structure Company ownership Trailing twelve-month share price & volume A$1.60 4.0 A$1.40 3.5 Volume - M shares Board, A$1.20 3.0 Share Price - A$ Management A$1.00 2.5 & Associates A$0.80 2.0 23% A$0.60 1.5 A$0.40 1.0 A$0.20 0.5 A$0.00 0.0 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep