Iperionx Ltd. · ASX:IPX
Iperionx — Jefferies Aerospace & Defense Group Presentation (March 2022)
17 slides from Iperionx's conference presentation, Mar 17, 2022
Slide 1: Sustainable, Low-Cost Critical Materials for America
For personal use only Sustainable, Low-Cost Critical Materials for America Jefferies Aerospace & Defense Group Presentation March 2022 IPERIONX LIMITED 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 is to be the leading developer of critical materials for the U.S.
For personal use only Our mission is to be the leading developer of low-carbon, sustainable and low-cost critical materials for the U.S. Beginning with Titanium.
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 with an initial focus on titanium Integration Control over the larges
Slide 5: The U.S. is one of the largest producers of titanium products
For personal use only The U.S. is one of the largest producers of titanium products for the aerospace, defense and medical industries Note: Locations shown are approximate.
Slide 6: Defense interest in titanium stems from its excellent properties
Defense interest in titanium stems from its excellent properties including lightweight, strength & corrosion resistance For personal use only U.S. Airforce U.S. Army U.S. Navy F-35 Lightning: 32 - 61klb Ti M777 Howitzer: 3klb Ti SSN774 Virginia Class: 31klb Ti V-22 Osprey: 10klb Ti M1 Abrams: 2klb T
Slide 7: The U.S. is 100% reliant on titanium sponge imports
For personal use only But, the U.S. is 100% reliant on titanium sponge imports, with China and Russia controlling more than 70% of global production capacity TITANIUM SPONGE CAPACITY tons per annum 10,000 5,000 500 Source: USGS
Slide 8: Global integrated control of the titanium supply chain rests in Russia and China
Furthermore, global integrated control of the titanium supply chain rests in Russia and China providing for economic advantages over western supplies For personal use only Titanium Mineral Sponge Ingot Billet Mill Products Full Integration: Upstream minerals to products 33% 51% 30% 38% Downstream In
Slide 9: Leading to more competitive imported mill products
Leading to more competitive imported mill products with the U.S. importing ~11,000t in 2019, 66% of which was from Russia and China For personal use only Sources of Milled Titanium Imports, 2019 Others 16% Japan 4% France 5% Russia 51% UK 9% China 15% Source: Roskill, USGS
Slide 10: The Kroll Process is not the solution to re-shore U.S. supply chains
The current titanium manufacturing process, the Kroll Process, is not the solution to re- shore U.S. supply chains because it utilizes toxic ingredients and is both carbon and energy intensive For personal use only Titanium Chlorination Magnesium Titanium Mineral Tetrachloride Sponge VAR Melt #1 VAR
Slide 11: The current titanium supply chain is complex and costly
The current titanium supply chain from minerals, using the current Kroll process, or scrap to titanium products is also very complex and costly For personal use only Subtractive Titanium Metal Supply Chain: Very high buy-to-fly ratio and costly feedstock, but lower manufacturing costs Titanium Scrap
Slide 12: 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 TITANIUM RECYCLING CHALLENGES Scrap Sponge 58,000t 37,400t ▪ Titanium scrap has a ~67% recirculation rate in the U.S. Ingot-Billet-Mill Product ▪ Titanium scrap readily absorbs oxygen and therefo
Slide 13: HAMR is the solution to overhaul the titanium supply chain
HAMR is the solution that has the potential to overhaul the titanium supply chain For personal use only Hydrogen assisted metallothermic reduction / deoxygenation of titanium (“HAMR”) ▪ Developed by Dr. Fang, professor of Powder Metallurgy at the University of Utah Closed Loop Recyclable ▪ Based on
Slide 14: HAMR technology proven 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 For personal use only Lab Scale Development Pilot Scale Plant
Slide 15: A low cost, integrated, recyclable and sustainable solution to the U.S. titanium supply chain
IperionX aims to provide for a low cost, integrated, recyclable and sustainable solution to the U.S. titanium supply chain For personal use only Titanium Scrap Additive Manufacturing / 3D Printing to Parts Titanium Parts / Titanium Mineral Components Titanium Powder Powder Metallurgy to Wire Control
Slide 16: Our vision is to substitute titanium for stainless steel and aluminum
Our vision is to substitute titanium for stainless steel and aluminum in global applications, especially the automotive & trucking, consumer electronics, and consumer goods markets For personal use only ~$251bn ~$228bn ~$4bn Titanium Market Aluminum Market Stainless Steel Market 2019 global melted p
Slide 17: For personal use only
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
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