Slide 1: Corporate Presentation June 2024
Corporate Presentation June 2024 IperionX Limited NASDAQ and ASX: IPX
Slide 2: Disclaimers
Disclaimers 3 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”, “anti
Slide 3: Our plan is to re-shore a low cost, sustainable, U.S. titanium supply chain
Our plan is to re-shore a low cost, sustainable, U.S. titanium supply chain Titanium supply chain is currently high cost, environmentally unsustainable and dominated by China and Russia IperionX offers an end-to-end, cheaper and cleaner solution via innovative technologies Our technologies have been
Slide 4: Titanium has superior material properties prized across advanced industries
Titanium has superior material properties that are prized across advanced industries High strength-to-weight ratio Titanium alloys can have a far higher strength-to-weight ratio than aluminum and magnesium alloys 45% lighter than steel Titanium alloys can be 3-5x stronger than stainless steel Superi
Slide 5: China and Russia control ~70% of the global titanium supply chain
China and Russia control ~70% of the global titanium supply chain PRIMARY TITANIUM (TITANIUM SPONGE) PRODUCTION CAPACITY Metric tons per annum 10,000 5,000 5 Source: U.S. Geological Survey. Locations shown are approximate. Primary global titanium supply chain.
Slide 6: Current production of titanium is complex, high cost and unsustainable
Current production of titanium is complex, high cost and unsustainable High temperature (1,300oC), highly corrosive chlorination, reduction and distillation process to form titanium metal sponge High temperature (1,850oC) multi-vacuum melting processes to form ingots High temperature, low yielding,
Slide 7: HAMR refining technology and HSPT forging technology
Hydrogen Assisted Metallothermic Reduction (HAMR) “refining” technology Simpler, faster and lower temperature (<800oC) process Energy consumption <50% vs. current industry, and zero direct carbon emissions2 Powders are an ingot replacement product, no need for Kroll and VAR melting IperionX’s titani
Slide 8: We have successfully proven large scale titanium production
8 We have successfully proven large scale titanium production 18+ months of titanium production from our industrial pilot facility Production results exceeded industry standards Off-the-shelf, low cost and scalable technology 8 Multiple large scale hot-test runs at ~60x the production capacity of ou
Slide 9: Our high-performance titanium products have secured interest of leading potential customers
9 1. Richemont: See ASX announcements dated August 20, 2022 and November 17, 2022 for details; AFRL: See ASX announcement dated January 18, 2023 for details; Carver Pump and NAVSEA (US Navy):See ASX announcement dated February 6, 2023 for details; U.S. Navy’s Naval Air Systems Command: See ASX annou
Slide 10: Scaling to commercial production at our Virginia Titanium Manufacturing Campus
We are now scaling to commercial production at our Virginia Titanium Manufacturing Campus Titanium Production Facility “TPF / 1080 Building” ”Refining” of titanium scrap into high-quality titanium metal powders Advanced Manufacturing Center “AMC / 1092 Building” “Forging” and “printing” of titanium
Slide 11: Titanium Production Facility - furnace installed, first production in Q3 2024
Titanium Production Facility - furnace installed, with first titanium production in Q3 2024 Increasing titanium production capacity by +60x Scaling from ~2 tpa to 125+ tpa of titanium powder Phased expansion for higher production at lower costs 2,000+ tpa target capacity by 2026 with estimated opera
Slide 12: Advanced Manufacturing Center - first titanium products produced
Advanced Manufacturing Center - first titanium products produced, scaling in Q3 2024 Advanced manufacturing of high-strength titanium products Semi-finished titanium products, near-net shape forged titanium components and high-value titanium products using additive manufacturing Advanced center for
Slide 13: Titan Project underpins a low-cost, end-to-end U.S. titanium supply chain solution
Titan Project underpins a low-cost, end-to-end U.S. titanium supply chain solution The fully permitted Titan Project in Tennessee is one of the largest titanium mineral resources in North America Titan Project is a leading U.S. resource of critical titanium, zircon and rare earth minerals Titan Proj
Slide 14: The U.S. titanium supply chain is fragmented, high risk, and vulnerable to supply shocks
Source: USITC DataWeb 14 The U.S. titanium supply chain is fragmented, high risk, and vulnerable to supply shocks ~US$117,000 per tonne pricing on ~US$1.1bn of U.S. exported semi-finished titanium products in 2023 Supply constrained, rising price environment with the average price of exported semi-f
Slide 15: Led by a highly experienced senior leadership team
Led by a highly experienced senior leadership team Anastasios “Taso” Arima Co-founder, MD and CEO Successful founder of multiple billion-dollar companies, including most recently Piedmont Lithium (Nasdaq: PLL) Todd Hannigan Executive Chairman 25+ years of global experience in natural resources as co
Slide 16: Milestones and catalysts
1. JORC and SK-1300 code compliant 16 Secure strategic partners for our titanium metal products Test powders and/or prototype parts with prospective customers Secured prospective customer and government validation Secure additional customers across core industry sectors Progress Titan Proj
Slide 17: Supporting Information
Supporting Information
Slide 18: Titan Project is a very large potential source of U.S. titanium minerals
Titan Project is a very large potential source of U.S. titanium minerals Titanium, zircon and rare earth critical minerals Geological target is the McNairy Sand, a massive mineral formation that extends across West Tennessee Existing mineral resource estimate covers only a small portion of the secur
Slide 19: Green Rutile technology could add significant value to the Titan Project
IperionX’s Green RutileTM technology could add significant value to the Titan Project IperionX’s patented low-carbon “Green RutileTM” mineral enrichment technology can upgrade lower-grade ilmenite titanium minerals into a high-grade, higher-value titanium ‘synthetic rutile’ product Green RutileTM ha
Slide 20: Titan Project Technical Studies
Titan Project Technical Studies IperionX has now completed key long lead assessments for the Titan Project PFS and / or Feasibility Study, including metallurgical test work and permits Titan Project technical studies (PFS and / or Feasibility Study) are anticipated to be advanced and completed follo
Slide 21: Total addressable market is the global lightweight structural metals market
21 In the long term, the total addressable market is the global lightweight structural metals market Aluminum Market2 ~$165bn* Stainless Steel Market3 ~$200bn* Titanium Market1 ~$4bn* * Estimated Global Market Summary in USD. TAM market sizes are built up using 2022 material pricing Sources: Roskill
Slide 22: Producing high-quality titanium with award-winning technologies for over 18 months
We have been producing high-quality titanium with our award-winning technologies for over 18 months Consistent and repeatable process achieving high quality standard 4.50 4.30 4.10 3.90 3.70 3.50 3.30 3.10 2.90 2.70 2.50 Pre-HAMR Oxygen Wt. % Ti64 ASTM Grade 5 Standard - 1.00 0.90 0.80 0.70 0.60 0.5
Slide 23: Titanium production is complex, high cost and unsustainable
Titanium production is complex, high cost and unsustainable $3,000 - $15,000/t Titanium Sponge Titanium Mill $50,000 - Products $200,000+/t Titanium Products Vacuum Arc Remelting Titanium Mineral Kroll Process Titanium Ingot Forging and Rolling/Extrusion Titanium $75,000 - Powders $200,000+/t Titani
Slide 24: HAMR refining and HSPT forging technologies
*IperionX holds exclusive rights over the HAMR and HSPT technologies. 24 $3,000 - $15,000/t $50,000 - $200,000+/t Titanium Products Titanium Powders $75,000 - $200,000+/t Titanium Scrap HAMR “Refining” HSPT “Forging” less Machining Traditional Machining Additive Mftg / 3D Printing Titanium Mill Prod
Slide 25: HAMR: The breakthrough science of a revolutionary technology
HAMR: The breakthrough science of a revolutionary technology Most common metals can be reduced to metal from oxides by carbon (or hydrogen) - this is not the case for Titanium Dioxide (TiO2) because of the stability of the Ti-O bonds William Kroll invented a process to overcome this challenge and it
Slide 26: HSPT: Forged titanium, without the high-cost forging process
300 200 100 700 600 500 400 800 900 1000 1100 1200 1,000 10,000 100,000 Number of Cycles to Failure 1,000,000 10,000,000 Maximum Stress (MPa) As-sintered HSPT HSPT GIFed HSPT+GIF+HT(Globular) HSPT+GIF+HT(Bi-modal) Mill-annealed Pre-alloyed Blended Elemental Vacuum as-sintered microstructure HSPT as-
Slide 27: IperionX Limited
IPERIONX LIMITED ABN 84 618 935 372