Project UpdateJun 10, 2026, 04:47 PM
IPERIONX Titan DFS Confirms US$813M NPV, 39.4% IRR for Critical Minerals Project
AI Summary
IPERIONX Ltd. announced the results of its Definitive Feasibility Study (DFS) for the Titan Project, confirming robust economics and a strategic pathway to building a U.S. supply chain for heavy rare earths, titanium, zirconium, and hafnium. The project boasts an after-tax Net Present Value (NPV) of US$813 million and an Internal Rate of Return (IRR) of 39.4%, with a total development capital expenditure of US$381 million. The company aims for production ramp-up to be complete by September 2028, addressing critical material chokepoints for defense, aerospace, and advanced manufacturing industries.
Key Highlights
- Titan Project DFS confirms after-tax NPV of US$813M and IRR of 39.4%.
- Total development capital expenditure is US$381M (Phase 1: US$228M, Phase 2: US$153M).
- Life of Mine EBITDA projected at US$2.8B and after-tax Free Cash Flow at US$1.9B.
- Phase 2 annual production includes ~5,300 tpa Heavy Rare Earth Concentrate.
- Phase 2 annual production includes ~143,300 tpa titanium minerals (rutile and ilmenite).
- Phase 2 annual production also includes ~65,700 tpa zircon concentrate.
- The project has a rapid after-tax payback period of 3.6 years.
- Production ramp-up is targeted for completion by September 2028.
Price Impact
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