ASX:IPX

8 stories mentioning ASX:IPX

Every FINWIRES story that references ASX:IPX, newest first.

IperionX Acquires Tennessee Silica Sand Assets Adjacent to Titan Project for $3 Million, Shares Up 9%

IperionX (ASX:IPX) agreed to acquire certain key assets associated with Covia Solutions' silica sand operation in Camden for $3 million, with the assets located adjacent to its Titan project in Tennessee, according to a Monday Australian bourse filing.The company said the Camden assets have the potential to be synergistic with Titan by adding feedstock optionality and reduced development complexity, with the assets including mineral rights, existing stockpiles, mining and processing equipment, a rail spur, about 1,400 acres of owned property, and about 1,400 acres of leased property, with access to established power, water, and gas infrastructure.Camden is located in the McNairy Formation geological system, proven to be rich in monazite and xenotime, heavy rare earth minerals typically rich in dysprosium, terbium, and yttrium, with a combined Titan-Camden platform having the potential to underpin domestic supply chains for heavy rare earths, titanium, and zircon, the filing added.IperionX plans to advance stockpile surveys, drilling, sampling, mineralogical analysis, metallurgical test work, and integration and project development studies, it added.The company's shares rose 9% in recent Monday trade.

ASX:IPX

Asia11d ago

Australian Shares Retreat; Treasury Wine Estates Projects Fiscal 2026 EBITS Outlook

Australian shares retreated on Thursday as renewed hostilities between the US and Iran began anew and peace talks showed little progress.The S&P/ASX 200 Index fell 1.13%, or 99.60 points, to close at 8,686.10.Brent crude oil futures fell to trade at around $96 per barrel after Lebanon and Israel agreed to a potential conditional ceasefire.Iron ore fell over 1% to $102.25 per tonne in Singapore after exports from Guinea's Simandou iron ore project rose in May.The main stock indices on Wall Street fell overnight, with the S&P 500 dropping 0.7% and the Nasdaq falling 0.9%, while the Dow Jones fell 1.2%.On the domestic front, Australia's goods balance recorded a seasonally adjusted surplus of AU$1.79 billion in April, up from a deficit of AU$1.02 billion in March, according to data published by the Australian Bureau of Statistics.Australia's economy faces mounting pressure from a softening labor market, stubborn inflation, and global energy uncertainty, weighing on growth and reshaping the property outlook, according to Bendigo Bank's Chief Economist, David Robertson.In company news, Treasury Wine Estates (ASX:TWE) expected fiscal year 2026 earnings before interest, tax, material items, and self-generating and regenerating assets (EBITS) to reach AU$480 million to AU$490 million. The firm projects fiscal year 2027 performance at least in line with the year prior, citing continued progress in normalizing customer inventory levels across China and the US.IperionX (ASX:IPX) said its definitive feasibility study for its Titan critical minerals project in the US returned an after-tax net present value of $813 million at an 8% discount rate, an after-tax internal rate of return of 39%, and an after-tax payback period of 3.6 years.Tasmea (ASX:TEA) declared a fully franked special dividend of AU$0.10 per share, representing a capital return of about AU$26.2 million. The dividend is payable June 25 to shareholders on record as of June 10. It also reconfirmed its fiscal year 2026 earnings guidance. Its shares earlier hit an all-time peak.

ASX 200ASX:IPXASX:TEAASX:TWE

Asia11d ago

IperionX Reports Net Present Value of $813 Million for US Critical Minerals Project in Definitive Feasibility Study

IperionX (ASX:IPX) said its definitive feasibility study for its Titan Critical Minerals Project in the US has returned an after-tax net present value of $813 million at an 8% discount rate, an after-tax internal rate of return of 39%, and an after-tax payback period of 3.6 years, according to a Thursday Australian bourse filing.The company said the study forecasts life-of-mine earnings before interest, taxes, depreciation and amortization (EBITDA) of $2.8 billion and after-tax free cash flow of $1.9 billion over an initial 14-year mine plan. The project is supported by a phase 1 development capital of $228.1 million and phase 2 incremental capital of $153.2 million, for total development capital of $381.3 million.Ore reserves stand at 117 million tons at 3.2% total heavy mineral (THM), containing 3.7 million tons of THM with about 80% classified as proved, the filing added.Phase 2 annual production is forecast at about 5,287 tonnes of heavy rare earth concentrate (HREC); 118,658 tonnes of ilmenite; 24,656 tonnes of rutile; and 65,668 tonnes of zircon concentrate, the filing said.The HREC contains strategically important heavy rare earths dysprosium, terbium and yttrium vital for US supply chains for high-performance magnets, defense, aerospace and semiconductor applications, it added.

ASX:IPX

Asia14d ago

IperionX Titanium Fasteners Meet or Exceed SAE Grade 8 Steel in US Army-Backed Testing

IperionX (ASX:IPX) said independent testing by the US Army Combat CapabilitiesDevelopment Command Ground Vehicle Systems Center and Westmoreland Mechanical Testing & Research found its Ti-6Al-4V fasteners can meet or exceed SAE Grade 8 steel performance in torque-to-failure, torque-tension, and tensile strength tests, according to a Monday Australian bourse filing.Army testing showed that larger fasteners exceeded the yield torque of comparable Grade 8 steel, while smaller fasteners performed at or above steel levels, with some not yielding at the initial test thresholds, per the filing.Independent tensile testing measured yield strengths of 135 to 137 kilopounds per square inch (ksi) and ultimate tensile strengths of 149 to 152 ksi, meeting or exceeding key aerospace and high-strength steel standards, the filing said.The results highlight scalable, lower-cost titanium fasteners for defense and industrial use, reinforcing the company's role in developing a domestic US titanium supply chain via its powder-to-product technology, the filing added.The company's shares were up over 1% in recent Monday trade.

ASX:IPX

Asia25d ago

Australian Shares Up, Zip Co to Continue Using Zip Brand in Australia

Australian shares rose on Thursday as hopes increased that a deal to resolve the conflict in the Middle East was nearing.The S&P/ASX 200 Index rose 1.47%, or 125.10 points, to close at 8,621.70.Brent crude oil futures fell to trade around $105 per barrel after US President Donald Trump said the country was in the final stages of talks with Iran.On the domestic front, Australia's seasonally adjusted unemployment rate rose to 4.5% in April, up from 4.3% in March, data from the Australian Bureau of Statistics showed.Australia's private sector slipped back into contraction in May as output, demand, and business sentiment weakened amid persistent inflation pressures and geopolitical disruption, according to a survey by S&P Global. The Flash Australia PMI Composite Output Index fell to 47.8 in May from 50.4 in April, signaling a moderate contraction in activity.In company news, Zip Co (ASX:ZIP) said it will continue to operate using the Zip brand in Australia after a settlement with mortgage lender Firstmac. As part of the deal, the company will acquire the registered trademark number 1021128 for Zip, allowing it to continue using the name Zip in Australia for its products and services.Tower (ASX:TWR, NZE:TWR) reported fiscal first-half earnings of NZ$0.066 per share, down from NZ$0.13 a year earlier. Gross written premium for the six months ended March 31 was NZ$300.8 million, compared with NZ$297 million a year earlier.Lastly, IperionX (ASX:IPX) completed the site acceptance and commissioning of its 300-ton six-axis SACMI powder metallurgy press at its Titanium manufacturing campus in Virginia, U.S. The facility provides higher compaction force, multi-axis movement, improved repeatability, and enhanced geometry control in comparison with conventional uniaxial pressing systems. Its shares fell 11% on market close.

ASX 200ASX:IPXASX:TWRASX:ZIP

Asia25d ago

IperionX Commissions Six-Axis Powder Metallurgy Press At Virginia Titanium Manufacturing Campus

IperionX (ASX:IPX) completed the site acceptance and commissioning of its 300-ton six-axis SACMI powder metallurgy press at its Titanium manufacturing campus in Virginia, U.S., according to a Thursday Australian bourse filing.The facility provides higher compaction force, multi-axis movement, improved repeatability, and enhanced geometry control in comparison with conventional uniaxial pressing systems. It uses titanium powder produced from IperionX's U.S.-sourced feedstocks through its patented HAMR titanium process.The press also expands the types of products the firm can produce, including titanium fasteners, gears, brackets, actuators, and other complex components.The SACMI press will be integrated with additional HSPT sintering and forging furnace capacity purchased under the US government-supported IBAS expansion program, with the installation and commissioning of the furnaces expected to begin in June.

ASX:IPX

Asia49d ago

ASX Preview: Australian Shares Set to Open Flat on Stalled US-Iran Talks; Origin Energy Reports Lower March Quarter Production

Australian shares are set to open flat on Monday, as oil prices climbed almost 2% following stalled US-Iran peace negotiations and restricted flows through the Strait of Hormuz, tightening global supply and pushing Brent crude above $107 a barrel.On April 25, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.6%, respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, investors are eyeing the release of Australia's consumer price index report on Wednesday.In corporate news, Origin Energy (ASX:ORG) reported March quarter production of 164.5 petajoules, down from 167.1 petajoules a year earlier, according to a Monday filing with the Australian bourse.IperionX's (ASX:IPX) titanium powder production operations in Virginia, US, transitioned to an around-the-clock production schedule during the March quarter, advancing from commissioning to continuous operations, according to a Monday filing with the Australian bourse.Australia's benchmark index fell 0.1% or 6.9 points to close at 8,786.50 on April 24.

ASX 200ASX:IPXASX:ORG

Asia49d ago

IperionX Advances Virginia Titanium Powder Production to Continuous Operations

IperionX's (ASX:IPX) titanium powder production operations in Virginia, US, transitioned to an around-the-clock production schedule during the March quarter, advancing from commissioning to continuous operations, according to a Monday filing with the Australian bourse.The company said all HAMR powder production systems are now in ramp-up and are targeting a run-rate production of around 200 tonnes of titanium powder per year by the close of 2026.Commenting on its titanium product manufacturing operations, the company said additional HSPT sintering furnaces are due to be commissioned in the June quarter, which is expected to ease production bottlenecks and speed up customer qualification timelines.IperionX also anticipates expanding its participation in "high-volume titanium markets where customer engagement is strong and domestic US supply is strategically important, including titanium mill products," the company said.It ended the March quarter with $48.2 million in cash and expects to close fiscal year 2026 with cash in the range of $36 million to $40 million.

ASX:IPX