Announcement • Jun 04
IperionX Limited Announces Results of Definitive Feasibility Study for its 100%-Owned Titan Critical Minerals Project, Located Near Camden, Tennessee, United States IperionX Limited announced the results of the Definitive Feasibility Study (DFS or Study) for the Company’s 100%-owned Titan Critical Minerals Project (Titan or Project), located near Camden, Tennessee, United States. The DFS confirms Titan as a large-scale, technically robust and high-return critical minerals project designed to produce titanium, zircon and a heavy rare earth concentrate from a single domestic resource in the United States. The Study underpins an initial 14-year mine plan based entirely on Proved and Probable Ore Reserves, with no Inferred Mineral Resources included in the Production Target. DFS delivers after-tax NPV8 of USD 813 million, after-tax IRR of 39% and an after-tax payback period of 3.6 years. Forecast life-of-mine EBITDA of USD 2.8 billion and after-tax free cash flow of USD 1.9 billion over an initial 14-year mine plan. Phase 1 development capital of USD 228.1 million and Phase 2 incremental capital of USD 153.2 million, for total development capital of USD 381.3 million. Phase 2 forecast average annual EBITDA of USD 226 million and average annual after-tax free cash flow of USD 172 million. Reserves of 117 million tons at 3.2% THM, containing 3.7 million tons THM, with approximately 80% of Ore Reserves classified as Proved. Multi-critical mineral platform for American supply-chains from a single domestic resource base, including rare earths, titanium minerals and zircon. Phase 2 annual production forecast of approximately 5,287 tpa HREC (Heavy Rare Earth Concentrate), 118,658 tpa ilmenite, 24,656 tpa rutile and 65,668 tpa zircon concentrate. Titan HREC contains strategically important heavy rare earths dysprosium, terbium and yttrium (Dy, Tb, Y) and other heavy rare earth elements representing a large share of HREC basket value. The heavy rare earths are vital for U.S. supply chains. Announcement • Jun 02
IperionX Limited Announces Positive Titanium Fastener Test Results from U.S. Army DEVCOM GVSC And WMTR IperionX Limited announced positive titanium fastener test results from independent testing programs completed by the U.S. Army DEVCOM Ground Vehicle Systems Center (GVSC) and Westmoreland Mechanical Testing & Research (WMTR). The testing programs evaluated titanium fasteners produced using IperionX patented technologies against comparable high-strength SAE Grade 8 steel fasteners currently used in demanding defense and industrial applications. The results demonstrate that IperionX titanium fasteners can deliver high-strength steel-benchmark mechanical performance while retaining the weight-reduction and corrosion-resistance advantages associated with titanium. U.S. Army DEVCOM GVSC completed torque-to-failure and torque-tension testing on IperionX 3/8-16 x 1.0-inch and 3/4-10 x 3.0-inch titanium Ti-6Al-4V fasteners, comparing their performance against conventional high-strength Grade 8 steel fasteners and aerospace grade titanium fasteners used in demanding industrial and defense applications. In the 3/4-10 fastener test program, IperionX titanium fasteners did not yield at the initial test limit established for high-strength Grade 8 steel. GVSC subsequently increased the test range to determine titanium fastener yield behavior. IperionX titanium fasteners demonstrated yield torque of 563 to 615 ft-lbf, compared with 480 to 502 ft-lbf for high-strength Grade 8 steel fasteners under the same test program. In the 3/8-16 fastener test program, IperionX titanium fasteners successfully achieved average yield torque above high-strength Grade 8 steel fasteners. Three of five IperionX titanium fasteners did not yield at the initial Army test protocol limit. WMTR completed ASTM F606/F606M-25a tensile testing on IperionX 3/4-10 x 3.0-inch Ti-6Al-4V titanium fasteners. IperionX titanium fasteners achieved 135 to 137 ksi yield strength and 149 to 152 ksi ultimate tensile strength, above typical aerospace Grade 5 titanium fastener benchmarks and at, or above, key high-strength Grade 8 steel fastener benchmarks. Titanium Ti-6Al-4V is typically 40% to 45% lighter than steel and delivers strategic lightweighting for increased payload capacity, heavier armor allowances and extended operational ranges. The test results are strategically important because they support a pathway for titanium fasteners to address applications where high-strength mechanical performance, lower component weight, corrosion resistance and secure domestic supply are vital for customers. The successful program supports IperionX’s strategy to build an end-to-end U.S. titanium supply chain for lower-cost titanium products for the defense industrial base and U.S. Army development activities for ground vehicles. IperionX's proprietary HSPT™ and THRM™ technologies convert titanium powder into high-performance titanium components with refined microstructures and mechanical properties suitable for demanding applications. The U.S. Army and independent testing results validate IperionX’s patented titanium powder-to-product manufacturing platform. They highlight that IperionX high-strength titanium fasteners can exceed titanium industry strength benchmarks and compete with high-strength steel thresholds while retaining titanium’s exceptional weight and corrosion-resistance advantages. IPX
Live News • Jun 01
IperionX Titanium Fasteners Outperform Steel in U S Army Testing and Boost Supplier Prospects IperionX’s Ti-6Al-4V titanium fasteners outperformed high-strength Grade 8 steel by nearly 20% in torque-to-yield tests conducted by the U.S. Army DEVCOM and independent labs.
The testing marks the first third-party validation of the company’s patented titanium powder manufacturing platform for high-performance, qualified components.
These results support ongoing supplier qualification discussions with major U.S. defense primes and align with U.S. Department of Defense efforts to strengthen domestic titanium supply chains.
Independent validation from U.S. Army DEVCOM and other labs provides a clearer view of product performance, which can be important when defense and aerospace buyers are assessing new suppliers.
The opportunity here also involves execution risk, as IperionX still needs to convert testing success and early production contracts into repeat orders and longer-term supply agreements. 
