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IPERIONX Ltd

For the period ended Sep 16, 2026. Filed Sep 16, 2026.

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Sep 16, 2026 · Filed Sep 16, 2026

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EX-99.1 · GenX™ continuous processing – potential to materially shift the titanium cost curve

GenX™ continuous processing – potential to materially shift the titanium cost curve

The patented HAMR™ process is IperionX’s hydrogen-enabled, low-temperature process for low-oxygen titanium powder, currently in operation on a batch basis in Virginia. GenX™ applies that process continuously, eliminating the repeated furnace heat-up, cool-down, loading and unloading time inherent in batch cycles. Measured GenX™ data has firmly established the potential to materially reduce the cost base for HAMR™ titanium production.

Operating measureMeasured GenX resultComparison basis (batch HAMR)1
Magnesium consumption>45% lowerPer kg
Hydrogen consumption>60% lowerPer kg
Power consumption>75% lowerPer kg
Processing time6 times throughputLike-for-like run time
  1. Actual operating data based upon current batch HAMR operations

All comparisons are measured results against the batch HAMR™ reference; power use was measured directly on the GenX™ system. Magnesium is HAMR’s largest reagent cost, and lower use also reduces the by-product requiring downstream leaching and handling, which will be evaluated and quantified in further production campaigns.

Continuous GenX™ operation is expected to improve equipment utilization, eliminate ancillary process steps and support expansion through replicated and scaled-up production lines. Operational data highlights the potential for far lower installed capital per ton of annual capacity, and IperionX estimates significant potential labor cost savings.

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