Slide 1: Webinar Presentation
Webinar Presentation A U.S. critical mineral - to- metals platform for defense , aerospace, nuclear, semiconductors, robotics and advanced manufacturing supply chains August 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. Overview
I. 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: Quarterly execution record
Quarterly execution record Significant progress achieved across multiple value drivers Virginia maintained a 24/7 operating schedule; temporary furnace downtime resolved; Grade 5 Titanium production powder quality was maintained; 200 tpa exit run-rate target unchanged 300-ton SACMI press commissione
Slide 6: 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 First commercial Successful Titan Project development contract with demonstration of through permitting and First titanium Commencement of Titan Panerai, a luxury Green Rutile titanium e
Slide 7: 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 titan
Slide 8: HAMR and HSPT technologies provide a step change in titanium manufacturing efficiency
IperionX’s HAMR and HSPT technologies provide a step change in the overall efficiency of titanium manufacturing Incumbent industry case study – production of a 0.50” hex head bolt (highly simplified1) HAMR and HSPT significantly improvethe efficiency and cost of the supply chain 100% Import Reliant
Slide 9: Capital alignment, balance sheet strength and proposed U.S. redomiciliation
Capital alignment, balance sheet strength and proposed U.S. redomiciliation Strengthened balance sheet supports the next execution phase, with a proposed redomicile to the U.S. CAPITAL ALIGNMENT U.S. REDOMICILE ▪ ~US$84 million pro-forma cash following net ▪ Intention to redomicile from Australia to
Slide 10: II. Virginia Operations
II. Virginia Operations
Slide 11: Virginia operations: HAMR powder production ramp up continues
Virginia operations: HAMR powder production ramp up continues Titanium powder quality maintained; cycle frequency is an H2 production lever Titanium powder deoxygenation performance by month (metric tons) 5 ▪ Reduced HAMR titanium powder production in the prior quarter, primarily reflective of tempo
Slide 12: Virginia operations: Downstream capacity arriving to scale HSPT production
Virginia operations: Downstream capacity arriving and being installed to scale HSPT production Installation and commissioning of equipment ongoing to match powder production with component production capacity 300-ton SACMI press commissioned Cold isostatic press operations New sintering furnace deli
Slide 13: 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 14: Customer programs are progressing through a repeatable qualification pathway
Customer programs are progressing through a repeatable qualification pathway to mass production Current and prior commercial partners1 Select products in development Marine Industrial Base Automotive Components Defense Applications Ground Vehicles Consumer and Luxury Goods Industrial Fasteners Indus
Slide 15: 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 16: GenX: Next-generation continuous HAMR platform
GenX : Next - generation continuous HAMR platform for capital - efficient, large - scale operations Initial GenX scale up results and outcomes expected in calendar H2 2026 BATCH FURNACES CONTINUOUS FURNACES Intermittent operation Continuous operation Fixed batch sizes Steady material flow Downtime b
Slide 17: III. Atlas-Titan Critical Minerals Overview
III. Atlas - Titan Critical Minerals Overview
Slide 18: Titan addresses multiple defense-critical material chokepoints
Titan addresses multiple defense - critical material chokepoints Titan secures four key critical material families from a leading U.S. critical mineral reserve, potentially solving multiple supply chain chokepoints across defense, nuclear, semiconductors, AI infrastructure and robotics 66 65 Dy Tb H
Slide 19: 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 787
Slide 20: Atlas acquisition: Unlocking ultra-high-grade critical minerals
Atlas acquisition: Unlocking ultra - high - grade critical minerals to support U.S. supply chains Atlas 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