IperionX Announces High-Return Titan Critical Minerals Project
Key points
- After-tax NPV8 of US$813 million and 39% IRR
- US$1.9 billion after-tax free cash flow over 14 years
- Produces heavy rare earths, titanium, and zircon
- Supported by U.S. Government funding
- Located in Tennessee with established infrastructure
Full summary
IperionX Limited announced the results of the Definitive Feasibility Study (DFS) for its Titan Critical Minerals Project in Tennessee. The DFS confirms the project as a large-scale, technically robust, and high-return critical minerals project designed to produce heavy rare earth concentrate, titanium minerals, and zircon. The project is expected to deliver an after-tax NPV8 of US$813 million, an after-tax IRR of 39%, and an after-tax payback period of 3.6 years. The initial 14-year mine plan is based entirely on Proved and Probable Ore Reserves, with no Inferred Mineral Resources included in the Production Target. The project is strategically important for U.S. supply-chain security, providing critical minerals for defense, aerospace, advanced manufacturing, energy, and robotics.
Guidance
US$813M after-tax NPV8, 39% after-tax IRR, US$1.9B after-tax free cash flow
Outlook
The Titan Project is expected to produce heavy rare earth concentrate, titanium minerals, and zircon, supporting multiple U.S. supply chains.
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