Slide 1: Sustainable, Low-Cost Critical Materials for America
For personal use only Sustainable, Low-Cost Critical Materials for America ThinkEquity Presentation March 2022 IPERIONX LIMITED 1 ABN 84 618 935 372
Slide 2: Disclaimers
Disclaimers For personal use only 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
Slide 3: Our mission: leading developer of low-carbon critical materials for the U.S.
For personal use only Our mission is to be the leading developer of low-carbon, environmentally sustainable and low-cost critical materials for the U.S. Beginning with Titanium. 3
Slide 4: About IperionX
For personal use only About IperionX ▪ Re-shoring critical material supply chains to the U.S. with a focus on technology, integration and sustainability Technology Developing proprietary, breakthrough metal processing technologies Integration Control over the largest untapped titanium mineral resour
Slide 5: Titanium is a superior metal, but high cost limits its market
Titanium is a superior metal, but the high cost of titanium products have reduced it to a fraction of the lightweight metal market dominated by stainless steel & aluminum For personal use only ~$251bn ~$228bn ~$4bn Titanium Market Aluminum Market Stainless Steel Market 2019 global melted product pro
Slide 6: Complexity and cost of the titanium supply chain
The complexity and cost of the titanium supply chain has led to the high relative cost of titanium products vs. competitor metals For personal use only Traditional Titanium Subtractive & Additive Supply Chains Scrap Titanium Magnesium Extrusion Titanium Chlorination TiCl4 Sponge VAR/EBM Ingot Mill P
Slide 7: Titanium supply chain is environmentally unsustainable under the Kroll Process
Energy Consumption - kWh/Kg 90 kWh consumed per kg produced For personal use only 60 30 0 The titanium supply Stainless Steel Aluminium Kroll Titanium Sponge chain is also environmentally Emissions - kg-CO2/kg unsustainable under 60 the existing Kroll kg CO2 emitted per kg produced Process 40 20 0 S
Slide 8: The titanium supply chain is not 100% recyclable
The titanium supply chain is not 100% recyclable with the current industry process For personal use only Scrap Sponge TITANIUM RECYCLING CHALLENGES 58,000t 37,400t ▪ Titanium scrap has a ~67% recirculation rate in the U.S. ▪ Titanium scrap readily absorbs oxygen and therefore Ingot-Billet-Mill Produ
Slide 9: U.S. is 100% import reliant for titanium sponge feedstocks
For personal use only The U.S. is 100% import reliant for titanium sponge feedstocks, with China and Russia controlling more than 70% of TITANIUM SPONGE CAPACITY tons per annum global capacity 10,000 5,000 500 Source: USGS 9
Slide 10: Solving the titanium supply chain by combining Technology, Integration & Sustainability
For personal use only Solving the titanium supply chain by combining Technology, Integration & Sustainability. 10
Slide 11: Technology: breakthrough technology developed by Dr. Zak Fang
For personal use only Technology, using breakthrough technology developed by Dr. Zak Fang from the University of Utah for processing of titanium scrap or minerals 11
Slide 12: Dr Fang's breakthrough technology could overhaul the titanium supply chain
Dr Fang’s breakthrough technology is the solution that has the potential to overhaul the titanium supply chain For personal use only Hydrogen assisted metallothermic reduction (“HAMR”) / deoxygenation of titanium ▪ Dr. Fang, world renowned metallurgist, Professor of Powder Metallurgy at the Universi
Slide 13: HAMR proven, with scale up funding from ARPA-E
HAMR has been proven as a technology, with scale up funding support provided by Department of Energy’s ARPA-E program For personal use only Lab Scale Development Pilot Scale Plant 13
Slide 14: Taking the technology through scale-up and full commercialization
IperionX is now taking this technology through scale-up and into full commercialization over the coming years For personal use only Pilot Facility Demonstration Facility Commercial Facility Q2 2022 Q4 2022 ▪ 100% scrap feedstock ▪ 100% scrap feedstock ▪ 100% scrap feedstock, or titanium mineral ▪ ~1
Slide 15: Integration with sustainably sourced feedstocks
Integration of this technology with feedstocks that are sustainably sourced whether scrap titanium or titanium minerals For personal use only ▪ HAMR technology allows for the use of 100% recycled scrap, no other current process for titanium allows for 100% recycled titanium scrap 100% recycled scrap
Slide 16: Sustainability and ESG best practices
For personal use only ▪ Business Conduct & Ethics Sustainability, incorporating ▪ Health & Safety: Community & employees leading ESG best practices to ensure we respect our ▪ Environmental Management: GHG emissions, air quality, people, our communities and water, energy, waste, biodiversity our plan
Slide 17: Carbon emissions and energy consumption reductions
Carbon Emissions - kg-CO2/kg Ti 60 kg-CO2 / kg Ti 40 For personal use only 20 Potential 90%+ Potential 95%+ Reduction At commercial scale, Reduction 0 Stainless Steel Aluminium Kroll Sponge IperionX Titanium 100% Recycled (Estimated Range) IperionX Titanium (Estimated Range) IperionX’s technology is
Slide 18: Potential to sustainably overhaul the titanium supply chain
Using this approach, IperionX has the potential to sustainably overhaul the titanium supply chain, reducing complexity and cost For personal use only Titanium Supply Chain – Potentially capable of producing titanium parts for 50%+ lower cost Granulation & Spherical Spherical 100% Scrap / HAMR Additi
Slide 19: The Vision: An Age of Titanium
Consumer Electronics For personal use only The Vision: Automotive Architectural An Age of Titanium. The Prize: $480 billion market. Consumer Stainless Steel & Aluminum Appliances Industrial Luxury Goods 19
Slide 20: Contact details
For personal use only Website Headquarters E-mail Phone www.iperionx.com 129 W Trade St, Ste. 1405 info@iperionx.com +1-980-213-2290 Charlotte, NC,. 28202