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IperionX Limited
v8.1 · ipx-20261031t202840-full- Last 2026-11-06
- A$2
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$724.5M
- EV
- A$640.7M
- Cash
- US$63M
- Debt
- US$4.2M
2 newer ASX announcements not yet reflected in this valuation
- Application for quotation of securities - IPXPost Cash Checkpoint Security Event
- Investor PresentationLatest Operating Presentation
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Sign in or enter a guest codeAnnouncements
Latest 12 of 7All sources ▸- September 2026 Quarterly Report (Activities Report and Appendix 5B)Results
- Annual Report to Shareholders FY2026 (year ended 30 June 2026)Results
- Proposed U.S. redomiciliation and board appointmentCorporate Action
- Appendix 2A: 106,093 shares from option exercisesCorporate Action
- Appendix 2A: 22,750,000 ordinary shares from the US public offeringFinancing
- Completion of the Camden (Atlas) acquisitionTransaction
- Titan Definitive Feasibility Study (announcement, summary and technical report)Study
Event calendar · next 12 months
6 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| December 2026 quarter | Second Elnik HSPT sintering furnace commissioned | Construction Or Commissioning | Company Guided | Medium | Removes the downstream sintering bottleneck so powder inventory can be converted into qualified products and revenue. |
| 25 November 2026, 11.00am AEDT | Annual general meeting (director elections and ratification of the July 2026 share issue) | Governance | Confirmed | Medium | Ratifies 22,750,000 shares issued in the July offering and elects the new director; failure to ratify would restrict future placement capacity. |
| Targeted by the end of 2026 | Integrated Atlas-Titan economic assessment | Study | Company Guided | High | Could lower upfront capex and speed first production versus the stand-alone DFS, and is the base for U.S. Government funding discussions. |
| By the end of 2026 | Validation of the full 200 tpa titanium powder system | Construction Or Commissioning | Company Guided | High | Powder drying is the last step to reach the 200 tpa run rate; this is the proof point for the Virginia platform and for scaling to 1,400 tpa. |
| Late January 2027 (inferred from prior pattern) | December 2026 quarterly report and Appendix 5B | Results | Inferred | Medium | Shows powder output, customer orders, cash burn and any new government task orders. |
| Mid March 2027 (inferred from prior pattern) | Half-year accounts to 31 December 2026 | Results | Inferred | Medium | First audited view of FY2027 burn and any grant or revenue recognition. |
Executive roster
As of 2026-10-31Background checks ▸FY2026 annual report key management personnel list and directors report (29 September 2026), reconciled with the 9 February 2026 company secretary appointment and the 3 August 2026 board appointment (a non-executive director).
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Todd Hannigan | Executive Chairman | Executive Director | 2021-05-24 | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
| Anastasios (Taso) Arima | Chief Executive Officer and Managing Director | Chief Executive · Executive Director | 2021-03-01 | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
| Toby Symonds | President and Chief Strategy Officer | Senior Management | — | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
| W. Scott Sparks | Chief Operating Officer | Operations | — | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
| Dominic P. Allen | Chief Commercial Officer | Commercial | — | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
| Marcela Castro | Chief Financial Officer | Finance | — | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
| Louisa Martino | Company Secretary | Company Secretary | 2026-02-16 | Annual Report to Shareholders FY2026 (year ended 30 June 2026) |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Titan Critical Minerals Project
US
DFS Unfunded Developer100% ownedOthersRare Earths
DFS completed June 2026; key mine-area permits granted; no financing, offtake or EPC contracts in place; Phase 1 construction decision pending; Atlas integration study due by end 2026.
- Study
- DFSs
- Post-tax NPV (study prices, attributable)
- US$813.0md
- NPV restated at our deck (attributable)
- Locked
- IRR
- 39.4%s
- Initial capex (100%)
- US$228.1ms
- Capital intensity
- US$1,285/(t/yr)d
- LoM AISC
- —
- Mine life
- 14.0 yrss
Published study economicsIssuer or study metrics
NPVUS$813M8% discount
IRR39.4%Published return
Initial capexUS$228.1MPublished capital estimate
Operating cost10.57USD/t ore (Phase 2 average, including royalties)
After-tax, real 2026 US$, unlevered, 100% equity; Phase 2 incremental capex US$153.2m not included in initial capex.
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured | 217.3M t | 2.1% THM | Others · Rare Earths | 2026-06-04 |
| Mineral Resource | Indicated | 130.6M t | 2.2% THM | Others · Rare Earths | 2026-06-04 |
| Mineral Resource | Inferred | 97.8M t | 1.8% THM | Others · Rare Earths | 2026-06-04 |
| Ore Reserve | Proved | 93.3M t | 3.17% THM (Proved and Probable combined) | Others · Rare Earths | 2026-06-04 |
| Ore Reserve | Probable | 23.7M t | 3.17% THM (Proved and Probable combined) | Others · Rare Earths | 2026-06-04 |
Tenements3
Milestones2
- Integrated Atlas-Titan economic assessment
Pending · High materiality
- Project financing, offtake and construction decision (no date given)
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Tennessee Surface Mining Permit OM-70711-01 and NPDES TN0070711 | Tennessee (TDEC) | Granted | 2028-08-14 | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Titan Definitive Feasibility Study | DFS | Current | 2026-06-04 | 14-year, two-phase mineral sands and rare earth concentrate project; real 8% after-tax NPV US$813m, IRR 39.4%, capex US$381.3m in total. |
Material
Atlas critical mineral and infrastructure assets
US
Early Explorer100% ownedOthersRare Earths
Acquired for US$3.0m cash on 1 July 2026; no JORC resource; sonic drilling and an integrated Atlas-Titan study under way; reclamation obligations assumed and not yet quantified.
- Ownership
- 100%
- Commodity
- Tir
- Country
- USr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Tenements2
Milestones1
- Sonic drilling of stockpiles and pre-stripped zones and a maiden resource
Pending · Medium materiality
Core asset
Virginia Titanium Manufacturing Campus (HAMR powder, HSPT products)
US
Ramping Producer100% ownedOthers
Powder furnace capacity validated above 200 tpa; 8.7 t produced in the September 2026 quarter; downstream sintering and machining being added; 1,400 tpa expansion funded by U.S. Government awards; pre-revenue beyond small prototype sales.
- Product and spec
- Titanium powder meeting ASTM Grade 5 specifications; Grade 23 oxygen limit met for spherical powder
- Nameplate capacity
- 200 t/yrg
- Throughput (12M)
- 8.7 t
- Utilisation
- 4.3%d
- Capital intensity (capex / tpa)
- US$235,500/(t/yr)d
- Feed source
- Recycled titanium scrap; about 290 t transferred at no cost by the U.S. Government plus 207 t scrap inventory
- Offtake contracted
- —
Milestones2
- Validate full 200 tpa powder system run-rate
Pending · High materiality
- Commission second Elnik HSPT sintering furnace
Pending · Medium materiality
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
US$63.0m cash plus US$33.7m obligated reimbursable government funding gives about US$96.7m of liquidity against a combined operating and investing burn near US$18m a quarter; there is no debt facility. Titan construction (US$381m), further 1,400 tpa spending and GenX scale-up all need new funding, so near-term dilution or project finance is likely.
Inventory composition3
19 t of finished titanium powder and 207 t of scrap feedstock at 30 September 2026; raw materials carried at US$3.9m at 30 June 2026 (annual report note 8).
- Finished titanium HAMR powder on hand
- — carrying · 19 t
- Titanium scrap feedstock on hand (including U.S. Government transfers)
- — carrying · 207 t
- Raw material inventory at carrying value, 30 June 2026
- US$3.9M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 362.2M
- Fully diluted
- 381.2M
339,384,066 shares at 30 June 2026 plus 22,750,000 shares issued 8 July 2026 (US offering of 2,275,000 ADSs) plus 106,093 shares issued 15 July 2026 on option exercises gives 362,240,159; the register at 31 August 2026 shows 362,240,163. Options with strikes of A$5.00 to A$22.00 are out of the money at A$2.15; performance rights need 30-day VWAP hurdles of A$4.00 or more; the RSUs vest on service. The valuation share basis is ordinary shares plus RSUs (366,409,417).
Security classes7
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Fully paid ordinary shares (ASX: IPX; Nasdaq ADSs each represent ten shares) | Ordinary Share | 362.2M | — | — |
| Employee options, A$5.00 exercise, expire 10 April 2029 | Option | 1.4M | A$5 | 2029-04-10 |
| Employee options, A$8.00 (expire 30 June 2027) and A$10.00 (expire 1 April 2027) | Option | 1.5M | A$8 | 2027-06-30 |
| Employee and contractor options, A$11.00 exercise, expire 2030 | Option | 1.5M | A$11 | 2030-04-02 |
| Director and employee options, A$18.00 and A$22.00 exercise, expire 2 April 2031 | Option | 3.3M | A$18 | 2031-04-02 |
| Director and employee restricted stock units (service vesting, expiring December 2026 to April 2030) | Performance Right | 4.2M | — | — |
| Employee performance rights (30-day VWAP hurdles A$4.00 to A$18.00 and non-market conditions) | Performance Right | 7M | — | 2031-04-10 |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025AA | FY2026AA |
|---|---|---|---|---|
| Profit and loss | ||||
| Revenue | AUDm | 0.0 | 0.0 | |
| Operating, R&D, corporate and exploration costs (excluding D&A and interest) | AUDm | 51.7 | 86.6 | |
| EBITDA | AUDm | (51.7) | (86.6) | |
| Depreciation and amortisation | AUDm | 3.2 | 6.2 | |
| Net interest income (expense) | AUDm | 4.6 | (2.3) | |
| Cash tax | AUDm | 0.0 | 0.0 | |
| Net profit after tax | AUDm | (50.3) | (95.1) | |
| Cash flow | ||||
| Operating cash flow | AUDm | (31.0) | (64.0) | |
| Capital expenditure (Titan and Virginia, net of reimbursements) | AUDm | 34.6 | 29.0 | |
| Free cash flow | AUDm | (65.6) | (93.0) | |
| Equity raised (gross for actuals, net for forecasts) | AUDm | 101.3 | 65.9 | |
| Project debt drawn | AUDm | 0.0 | 0.0 | |
| Balance sheet | ||||
| Cash | AUDm | 78.0 | 50.2 | |
| Debt (loans, leases and projected project debt) | AUDm | 5.6 | 5.9 | |
| Net debt (cash) | AUDm | (72.4) | (44.3) | |
| Per share | ||||
| Shares on issue at period end | m shares | 319.9 | 339.4 | |
| Weighted average shares | m shares | 296.9 | 335.7 | |
| Earnings per share | AUD/share | (0.17) | (0.28) | |
| Dividends per share | AUD/share | 0.00 | 0.00 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | (13.4) | (8.0) | |
| P / E (x, current market cap) | x | (15.5) | (8.2) | |
| FCF yield (current market cap) | % | -8.4% | -11.9% | |
| EBITDA margin | % | — | — | |
| Net debt / EBITDA (x) | x | 1.4 | 0.5 | |
KPI history
Operating metrics · Virginia Titanium Manufacturing Campus (HAMR powder, HSPT products)
| Metric | Unit | Trend | June 2026 | September 2026 |
|---|---|---|---|---|
| Titanium HAMR powder produced | t | 1.4 | 8.7 |
Operating metric source table7
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Titanium HAMR powder produced | Virginia Titanium | September 2026 quarter | Quarter | 8.7 t | Reported |
| Titanium HAMR powder produced | Virginia Titanium | June 2026 quarter | Quarter | 1.4 t | Reported |
| Finished titanium powder inventory | Virginia Titanium | 30 September 2026 | Point In Time | 19 t | Reported |
| Cash and cash equivalents | Company | 30 September 2026 | Point In Time | 63,018,000 USD | Reported |
| Cash and cash equivalents | Company | 30 June 2026 | Point In Time | 35,244,220 USD | Reported |
| Loans and borrowings including lease liabilities | Company | 30 June 2026 | Point In Time | 4,158,979 USD | Reported |
| Operating plus investing cash flow before financing | Company | September 2026 quarter | Quarter | -18,363,000 USD | Source Derived |
Company guidance4
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Validate Full Powder System Run Rate Capacity | virginia_titanium | by end of calendar 2026 | 200 | 200 t/yr | Current |
| Titanium Powder Capacity After Funded Expansion | virginia_titanium | expansion in execution, no completion date given | 1,400 | 1,400 t/yr | Current |
| Genx Continuous Powder Line Incremental Capacity | virginia_titanium | December 2026 quarter integration work | 100 | — t/yr | Current |
| Integrated Atlas Titan Economic Study | atlas | end of calendar 2026 | — | — n/a | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-31 | BuybackOrdinary Shares | — | — | — | Cancelled | The annual report states there is no on-market buy-back programme. |
| 2026-07-08Ann. 2026-07-07 | Raising | US$50M | 22.8M | — | Completed | — |
| 2025-07-29Ann. 2025-07-23 | Raising | A$70M | 14M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Annual report, September 2026 quarterly and the DFS list the U.S. Government awards, the SBIR contract, the Titan landowner royalty and the scrap transfer; no stream, offtake, tolling, JV, farm-in or hedge is disclosed. Offtake discussions with a Japanese industrial group are non-binding and are not recorded as an arrangement.
Reimbursable U.S. Government awards fund the Virginia 200 tpa build and the +1,200 tpa expansion; reimbursement follows claim review so cash lags spending; asset title vests with the Government during the agreement.
Other · Active- Counterparties
- U.S. Department of War (DPA Title III and IBAS programs)
- Applies to
- Virginia Titanium Manufacturing Campus (HAMR powder, HSPT products) · Others
- Economic direction
- Benefit
- Period
- From 2023-10-31; no end date stated
- Key terms
- DPA Title III award: 12,700,000 USD
IBAS award: 47,100,000 USD
Title to assets: vests in U.S. Government during the agreement
How it affects our valuation
No valuation treatment is available for this arrangement.
Task orders fund continuous HSPT, dehydrogenation and fastener-finishing equipment; remaining ceiling of US$79.2m is at the Government discretion.
Other · Active- Counterparties
- U.S. Army (SBIR Phase III IDIQ)
- Applies to
- Virginia Titanium Manufacturing Campus (HAMR powder, HSPT products) · Others
- Economic direction
- Benefit
- Period
- 2026-08-31 to 2030-08-27
- Key terms
- Contract ceiling: 99,000,000 USD
Task orders received: 19,800,000 USD
Task Order 2 base value: 18,500,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
A 5% production royalty on net revenue applies to land held under lease or option once exercised; no government royalty applies. The DFS includes it in operating costs.
Royalty · Conditional- Counterparties
- Titan landowners (leased and optioned land)
- Applies to
- Titan Critical Minerals Project · Others · Rare Earths
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Production royalty: 5 % of net revenue
DFS royalty cost: 8,052,134 USD per year (Phase 2 average)
How it affects our valuation
No valuation treatment is available for this arrangement.
About 290 t of surplus titanium scrap was transferred at no cost under the IBAS programme.
Other · Active- Counterparties
- U.S. Government
- Applies to
- Virginia Titanium Manufacturing Campus (HAMR powder, HSPT products) · Others
- Economic direction
- Benefit
- Period
- From 2026-06-30; no end date stated
- Key terms
- Titanium scrap transferred at no cost: 290 t
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Evidence-limited assessment of the seven-person admitted KMP roster. Issuer biographies show relevant natural-resources, manufacturing, finance, commercial and company-secretarial experience. IperionX reported early powder-production and capacity-validation progress. Past employer outcomes do not establish individual responsibility; one former-company litigation matter remains allegation-level and was reported dismissed, and one disclosed related-party payment is not an allegation of misconduct.
Decision-relevant facts
Material summary
Todd Hannigan
Executive Chairman
Role FitAnalyst Inference · Medium materiality
Resources and project leadership experience
The issuer reports more than 29 years in global natural resources across company founding, CEO, private-capital and non-executive roles, and identifies prior work at Piedmont Lithium, Aston Resources, Hanson and BHP. He holds a Mining Engineering degree from UQ and an MBA from INSEAD. These claims are issuer-reported; specific employer dates and outcomes are not independently reconciled.
Responsibility not applicable · This describes the issuer’s biography and qualifications; it does not establish personal responsibility for outcomes at past employers.
Form 20-F for fiscal year ended June 30, 2026 · Item 6.A, p.78, biography and other public directorships
FailureIssuer Reported · Medium materiality
Paringa’s Poplar Grove ramp encountered operating and cash pressure
Paringa’s FY2019 report described production ramp-up at Poplar Grove. A later 2019 company notice reported a geological fault that materially reduced production and could cause cash to fall below a loan-facility minimum. Hannigan was listed as a Paringa director in FY2019. The filings do not connect him to the mine plan, fault identification or operating decisions.
Role overlaps event; causation unproven · The evidence establishes board tenure during the FY2019 operating period but does not establish individual causation or fault. A 2020 subsidiary Chapter 11 and Paringa delisting are not attributed because his board status at that date was not resolved in the sources reviewed.
Annual Report for year ended June 30, 2019 · Directors’ report and operating review
Update on Trading Halt · Poplar Grove fault and liquidity disclosure
Paringa to Delist from Nasdaq · Issuer release, subsidiary Chapter 11 filing and subsequent Nasdaq delisting notice
Company SuccessIssuer Reported · Medium materiality
IperionX reported a production scale-up milestone
For the September 2026 quarter, IperionX reported 8.7 tonnes of titanium powder production, 19 tonnes of finished inventory and validated HAMR furnace capacity above the 200 tpa target annualized run-rate. These are early scale-up outcomes; the report states customer qualification and commercial execution remain priorities.
Role overlaps event; causation unproven · The company reported the result while Hannigan was Executive Chairman; the quarterly report does not assign his individual contribution.
September 2026 Quarterly Report · Highlights, operations – titanium powder manufacturing
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- Paringa operating matters overlapped with a documented FY2019 director role, but individual decision-making is not shown. Hannigan’s board status at the subsidiary’s 2020 Chapter 11 filing was not resolved and that later event is not attributed.
Anastasios (Taso) Arima
Chief Executive Officer and Managing Director
Role FitAnalyst Inference · Medium materiality
Founder and critical-materials development experience
IperionX reports that Arima founded the company, has more than 16 years in founding and developing critical-materials companies, and was a Piedmont Lithium founder/director. The issuer reports a Bachelor of Commerce from UWA; it says he studied Engineering but does not state that he completed that degree.
Responsibility not applicable · This is issuer-reported biography and education, not independent verification or proof of project delivery.
Form 20-F for fiscal year ended June 30, 2026 · Item 6.A, p.78, biography
Form 20-F for fiscal year ended December 31, 2018 · Director biography and tenure
LegalAlleged · Medium materiality
Piedmont shareholder litigation overlapped with part of Arima’s director tenure
Piedmont disclosed a securities class action alleging misleading statements about permit timing/status and derivative actions alleging fiduciary-duty breaches against certain officers/directors. The company reported that the class action was dismissed on 18 January 2024 and that the derivative suits were dismissed with prejudice in March 2024. Arima’s Piedmont director tenure ended in June 2021, overlapping the disclosed statement period. The reviewed disclosures do not establish that Arima was individually named or responsible.
Role overlaps event; causation unproven · The matter concerns allegations and company-level proceedings, not a finding against Arima; no individual conduct is attributed.
Form 20-F for fiscal year ended December 31, 2018 · Director tenure table
Quarterly Report for quarter ended September 30, 2024 · Legal proceedings; claim period and reported dismissals
Company SuccessIssuer Reported · Medium materiality
IperionX reported powder-production and capacity validation progress
For the September 2026 quarter, IperionX reported 8.7 tonnes of titanium powder production, 19 tonnes of finished inventory and validated HAMR furnace capacity above the 200 tpa target annualized run-rate. The report says downstream customer qualification and commercial execution remain priorities.
Role overlaps event; causation unproven · The company reported the result while Arima was CEO/Managing Director; no individual contribution is separately assigned.
September 2026 Quarterly Report · Highlights, operations – titanium powder manufacturing
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- Piedmont litigation allegations overlapped with part of Arima’s documented director tenure. The reviewed company filings describe dismissal outcomes but do not establish whether he was personally named or responsible.
Toby Symonds
President and Chief Strategy Officer
Role FitAnalyst Inference · Medium materiality
Capital-markets and strategy experience
The issuer reports more than 30 years in finance and asset management, advisory roles across private equity and real estate, leadership at hedge-fund and investment-banking firms, and prior roles at JPMorgan, Morgan Stanley, SAC Capital, ENA and Altai. It reports a North Carolina State University degree; degree field and independent verification were not stated in the reviewed source.
Responsibility not applicable · Career details are issuer-reported, with limited dates and no independent performance assessment of prior mandates.
Form 20-F for fiscal year ended June 30, 2026 · Item 6.A, p.80, biography and education
IperionX Appoints Toby Symonds as Company President · Appointment release and prior-career details
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- The issuer lists prior firms and an 11-year combined JPMorgan/Morgan Stanley period but does not date most mandates or quantify individual outcomes.
W. Scott Sparks
Chief Operating Officer
Role FitAnalyst Inference · Medium materiality
Plant engineering and operations experience
The issuer reports more than 30 years in engineering and senior leadership for industrial plant design, construction and operations in critical resources, including Performance Industries and DRA Taggart. It reports a Mining Engineering degree from West Virginia Institute of Technology. These statements are issuer-reported.
Responsibility not applicable · The available sources do not independently verify prior delivery outcomes or establish that Sparks personally led every listed project.
Form 20-F for fiscal year ended June 30, 2026 · Item 6.A, p.80, biography and appointment date
GovernanceDocumented · Medium materiality
Related-party engineering and construction services were disclosed
IperionX reported that Performance Industries, Inc., a company associated with Sparks, was paid or payable US$70,660 in FY2026 for engineering and construction services; the company said the services were on arm’s-length or better terms. This is a disclosed related-party transaction, not an allegation of misconduct.
Individual involvement documented · The annual report documents the association, payment and company’s stated terms; it does not establish that Sparks personally approved the procurement or that the terms were independently tested.
Form 20-F for fiscal year ended June 30, 2026 · Item 7.B, p.92, other transactions with KMP
Company SuccessIssuer Reported · Medium materiality
IperionX reported production scale-up progress
For the September 2026 quarter, IperionX reported 8.7 tonnes of titanium powder production, 19 tonnes of finished inventory and validated HAMR furnace capacity above the 200 tpa target annualized run-rate. Customer qualification and commercial execution remained ongoing.
Role overlaps event; causation unproven · The result occurred while Sparks was COO; the quarterly report does not assign specific individual contribution.
September 2026 Quarterly Report · Highlights, operations – titanium powder manufacturing
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- An Indiana appellate opinion names a Scott Sparks in a private personal-injury dispute; no evidence links that person to W. Scott Sparks of IperionX, so it is excluded as an unresolved namesake.
Dominic P. Allen
Chief Commercial Officer
Role FitAnalyst Inference · Medium materiality
Commercial, resource and transaction experience
IperionX reports more than 15 years of commercial experience, including senior roles with Sovereign Metals, Rio Tinto and Oyu Tolgoi, and prior EY transaction-advisory work. It reports BCom and BSc (Hons) degrees from UWA and CAANZ membership. Prior dates and project-specific outcomes are not independently verified.
Responsibility not applicable · The issuer biography does not identify the dates or quantify Allen’s individual contribution to prior transactions.
Form 20-F for fiscal year ended June 30, 2026 · Item 6.A, p.80, biography and appointment date
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- A Paringa filing names a Dominic Allen as VP Finance; identity with IperionX’s Dominic P. Allen is not established, so no Paringa outcome or role is attributed.
Marcela Castro
Chief Financial Officer
Role FitAnalyst Inference · Medium materiality
Global finance leadership and public-company accounting experience
IperionX reports more than 25 years in global finance leadership across green technology, manufacturing, mining, industrial and consumer products, with U.S. public-company accounting, analysis and strategic-planning experience. It lists Arthur Andersen, Colgate-Palmolive, Jaguar Mining, REV Group and Proterra. It reports a BBA and Executive MBA. Prior employer titles and dates are not specified in the reviewed filing.
Responsibility not applicable · The biography is issuer-reported and does not establish individual outcomes at prior companies.
Form 20-F for fiscal year ended June 30, 2026 · Item 6.A, p.81, biography and appointment date
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- The issuer lists prior employers but not job titles or dates, preventing a reliable tenure-by-outcome assessment for those companies.
Louisa Martino
Company Secretary
Role FitAnalyst Inference · Medium materiality
Company-secretarial and corporate-advisory experience
The appointment release reports more than 15 years supporting listed entities with compliance and capital raisings, prior corporate-advisory and due-diligence work at a major accounting firm, a UWA Bachelor of Commerce, CAANZ and CISI memberships and FGIA status. The accounting firm and employment dates are not disclosed.
Responsibility not applicable · Career and professional credentials are company-reported; independent employment or membership checks were not performed.
Appointment of Company Secretary · Appointment release; role, professional history and qualifications
Evidence gaps · 3
- Career dates and reported qualifications are not independently verified; broad employer history and project-specific individual contributions remain incomplete.
- Targeted public-index searches and selected issuer filings are not an exhaustive court, ASIC, SEC enforcement, safety or employment-record check. No person should be treated as cleared.
- The company has not named the major accounting firm or provided a dated employment chronology in the sources reviewed.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-31 · 362,240,163 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 40.84% | 147,954,735 | |
| 2 | 11.84% | 42,877,379 | |
| 3 | 6.05% | 21,932,246 | |
| 4 | 3.87% | 14,033,171 | |
| 5 | 2.81% | 10,191,060 | |
| 6 | 1.83% | 6,613,448 | |
| 7 | 1.78% | 6,440,000 | |
| 8 | 1.44% | 5,222,144 | |
| 9 | 1.16% | 4,198,713 | |
| 10 | 1.10% | 4,000,002 | |
| 11 | 1.00% | 3,639,881 | |
| 12 | 0.80% | 2,909,772 | |
| 13 | 0.74% | 2,677,501 | |
| 14 | 0.70% | 2,534,675 | |
| 15 | 0.69% | 2,500,000 | |
| 16 | 0.66% | 2,396,534 | |
| 17 | 0.52% | 1,900,000 | |
| 18 | 0.49% | 1,784,501 | |
| 19 | 0.49% | 1,773,791 | |
| 20 | 0.41% | 1,500,000 | |
| 21 | 0.41% | 1,500,000 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 27.81%Voting power | 2026-10-15 | |
| 8.71%Voting power | 2026-10-20 | |
| 7.49%Calc. on issued shares | 2026-08-31 | |
| 7.20%Calc. on issued shares | 2026-08-31 | |
| 6.67%Voting power | 2026-08-14 | |
| 5.08%Voting power | 2026-09-18 |
Sources & review notesEvidence checked through 2026-11-02
Coverage and limitations
- The registered-account table is dated 31 August 2026; it is not a current beneficial-ownership list. Custodian, nominee and wrap accounts do not identify underlying investors.
- The register’s last rank is tied: Elizabeth Kate Whiting and Neil Francis Michael Day each report 1,500,000 shares; both are retained.
- The register and substantial-holder view overlap and should not be added together. Substantial-holder positions can include relevant interests through nominees, clients, ADR arrangements or securities-lending relationships.
- Percentages retain each source’s stated basis and date. BNY’s reported quantity and voting power carry an annexure note; JPMorgan’s notice reports fractional votes, so its share count is null.
- FMR and DITM are carried from the annual report as of 31 August 2026; a later notice was not located by cutoff, so their current positions are not independently refreshed.
- A ceasing-to-be-substantial notice does not establish zero remaining securities. Notices below the statutory threshold may not be available.
Sources
- Annual Report 2026
IperionX Limited via ASX · Published 2026-09-29 · Accessed 2026-11-02
Top 20 registered accounts measured 31 August 2026; issued capital 362,240,163 ordinary shares. The report also lists disclosed substantial holders, including FMR LLC and DITM Holdings, at its stated measurement date.
Cached ASX PDF pp.128 and 132 (printed pp.126 and 130), sections “Top 20 shareholders” and “Substantial shareholders”
- Change in substantial holding — JPMorgan Chase & Co. and affiliates
JPMorgan Chase & Co. via ASX · Published 2026-10-23 · Accessed 2026-11-02
Reports 31,541,153.52 votes and 8.71% voting power. Fractional votes appear in the filed aggregate, so ordinary-share quantity is left null.
PDF p.1, Form 604, sections 1–2; change effective 20 October 2026
- Change in substantial holding — The Bank of New York Mellon Corporation group
The Bank of New York Mellon Corporation via ASX · Published 2026-10-19 · Accessed 2026-11-02
Reports 100,737,812 votes and 27.81% voting power, subject to an annexure note. Group includes entities associated with the ADR program; it is a reported relevant-interest group, not a beneficial-owner count.
PDF p.1, Form 604, sections 1–2; change effective 15 October 2026
- Becoming a substantial holder — The Vanguard Group
The Vanguard Group via ASX · Published 2026-09-24 · Accessed 2026-11-02
Reports 18,307,532 ordinary shares, 18,409,250 votes and 5.082% voting power. The group manages accounts and funds; votes exceed ordinary securities.
PDF p.1, Form 603, sections 1–3; threshold date 18 September 2026
- Change in substantial holding — State Street group
State Street Corporation via ASX · Published 2026-08-18 · Accessed 2026-11-02
Reports 27,793,172 votes and 6.67% voting power. This remains the latest State Street notice located in the cached issuer record through the cutoff.
PDF p.1, Form 604, sections 1–2; change effective 14 August 2026
Disclosed activity
Insider transactions
Trading activity27 buys · 2 sells shownNet cash last 12 months A$5.6mShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-09-23 | Anastasios (Taso) ArimaMoshos Family Investments Pty Ltd
Details & evidence for Anastasios (Taso) Arima on 2026-09-23Contract/collateral change only. The notice states no change in beneficial ownership; the 1,000,000-share return is not counted as a purchase or sale. As disclosed: Off-market return of 1,000,000 fully paid ordinary shares released from collateral following a loan repayment. No change in beneficial ownership. Following the return, 3,850,000 ordinary shares remained held as collateral by HSBC Custody Nominees (Australia) Pty Ltd as custodian for Equities First Holdings, LLC.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ | ContractShare-secured loan facility over IPX ordinary shares | — | —Not Disclosed | — | — |
| 2026-07-15 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2026-07-15The director reported 106,093 A$0.87 options before the exercise and no options in the after-change list. The event records the resulting 106,093 ordinary shares; no cash-market purchase is implied. As disclosed: Exercise of Options; 106,093 fully paid ordinary shares acquired; value/consideration A$92,300.91; 106,093 A$0.87 options held before the change.
Director · Start not disclosed Change of Director's Interest Notice x 2 ↗ | ExerciseIPX ordinary shares issued on A$0.87 option exercise | 106,093 | AUD 92,300.91 | AUD 0.87Disclosed price | 745,868 |
| 2026-07-14 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2026-07-14Direct interest. The reported transaction is 3,846 ADSs; 38,460 ordinary-share equivalents. Ordinary shares held directly were unchanged at 38,777. As disclosed: On-market Purchases; 3,846 ADSs acquired on 14 July 2026; value/consideration US$99,996.
Director · Start not disclosed Change of Director's Interest Notice x 2 ↗ | PurchaseIPX American Depositary Shares (1 ADS represents 10 ordinary shares) | 3,846 | USD 99,996.00 | USD 26Calculated average | 8,033 |
| 2026-07-10to 2026-07-13 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-07-10The filing aggregates purchases on 10 and 13 July and lists two DITM trust interests; it does not allocate shares or consideration by trade date or trust. As disclosed: On-market Purchase; 525,000 shares acquired on 10 July 2026 and 13 July 2026; value/consideration A$1,881,176.10.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX fully paid ordinary shares | 525,000 | AUD 1,881,176.10 | AUD 3.583193Calculated average | 26,633,334 |
| 2026-07-10 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-07-10The filing aggregates direct and indirect interests and does not allocate the acquired shares to a particular account. It prints '$497,229.35' without a currency code; cash amount and price are not normalized. As disclosed: On-market Purchases; 138,720 fully paid ordinary shares acquired on 10 July 2026; value/consideration $497,229.35.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX fully paid ordinary shares | 138,720 | —Not Disclosed | — | 12,455,502 |
| 2026-07-10 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2026-07-10Direct interest; the ordinary-share equivalent is 41,000 shares, but the reported transaction quantity is 4,100 ADSs. As disclosed: On-market Purchases; 4,100 ADSs acquired on 10 July 2026; value/consideration US$100,491.
Director · Start not disclosed Change of Director's Interest Notice x 3 ↗ | PurchaseIPX American Depositary Shares (1 ADS represents 10 ordinary shares) | 4,100 | USD 100,491.00 | USD 24.51Calculated average | 8,855 |
| 2026-07-09 | Todd HanniganThe DITM Family Trust
Details & evidence for Todd Hannigan on 2026-07-09Contract/collateral change only. The filing says beneficial ownership did not change; do not count as a purchase or sale. As disclosed: On 9 July 2026, an additional 2,548,571 ordinary shares were transferred to UBS Securities Australia Limited as security, increasing collateral to 6,440,000 shares; no change in beneficial ownership.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 3 ↗ | ContractShare-secured loan facility over IPX ordinary shares | — | —Not Disclosed | — | — |
| 2026-07-08 | Anastasios (Taso) ArimaMoshos Family Investments Pty Ltd
Details & evidence for Anastasios (Taso) Arima on 2026-07-08Contract/collateral change only; the filing says beneficial ownership did not change. Related 2025 and 2026 notices report conflicting collateral balances, so the disclosed values are preserved without inferring omitted movements. As disclosed: On 8 July 2026, following a loan repayment, 750,000 IperionX ordinary shares were returned; the notice states 4,850,000 ordinary shares remained as collateral and says there was no change in beneficial ownership.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ContractShare-secured loan facility over IPX ordinary shares | — | —Not Disclosed | — | — |
| 2026-06-09 | Anastasios (Taso) ArimaMoshos Family Investments Pty Ltd
Details & evidence for Anastasios (Taso) Arima on 2026-06-09Contract/collateral change only. The notice says beneficial ownership did not change and this is not a share purchase or sale. As disclosed: On 9 June 2026, following loan repayment, 1,250,000 IperionX ordinary shares were returned by HSBC Custody Nominees, reducing collateral under the facility to 5,050,000 shares; there was no change in beneficial ownership.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ | ContractShare-secured loan facility over IPX ordinary shares | 1,250,000 | —Not Disclosed | — | — |
| 2026-04-28to 2026-04-29 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-04-28The filing aggregates the two purchase dates and does not allocate quantity or consideration by date or between the disclosed DITM trust interests. As disclosed: On-market purchases of 480,000 shares on 28 and 29 April 2026; value/consideration A$2,077,786.89.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX fully paid ordinary shares | 480,000 | AUD 2,077,786.89 | AUD 4.328723Calculated average | 26,108,334 |
| 2026-04-28 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-04-28The filing aggregates direct and indirect interests and does not allocate these shares to a particular account. As disclosed: On-market purchase of 110,000 fully paid ordinary shares on 28 April 2026; value/consideration A$493,620.17.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX fully paid ordinary shares | 110,000 | AUD 493,620.17 | AUD 4.487456Calculated average | 12,316,782 |
| 2026-04-28 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2026-04-28Direct interest. The filing reports ADSs; the ordinary-share equivalent is 46,000 shares. As disclosed: On-market purchase of 4,600 ADSs on 28 April 2026; value/consideration US$144,696.68. One ADS represents ten ordinary shares.
Director · Start not disclosed Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX American Depositary Shares (1 ADS represents 10 ordinary shares) | 4,600 | USD 144,696.68 | USD 31.4558Calculated average | 4,600 |
| 2026-04-28 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2026-04-28Direct interest. The reported transaction quantity is in ADSs; the ordinary-share equivalent is 1,550 shares. As disclosed: On-market purchases of 155 ADSs on 28 April 2026; value/consideration US$4,918.15. One ADS represents ten ordinary shares.
Director · Start not disclosed Change of Director's Interest Notice ↗ | PurchaseIPX American Depositary Shares (1 ADS represents 10 ordinary shares) | 155 | USD 4,918.15 | USD 31.73Calculated average | 4,755 |
| 2026-04-02 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-04-02The form aggregates direct and indirect interests; it does not allocate the grant to a particular account. As disclosed: 526,760 A$22.00 Options acquired on 2 April 2026; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | GrantIPX A$22.00 options | 526,760 | —Non Cash | — | — |
| 2026-04-02 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-04-02The form aggregates direct and indirect interests; the grant is not allocated to a particular account. As disclosed: 196,086 A$18.00 Performance Rights acquired on 2 April 2026; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | GrantIPX A$18.00 performance rights | 196,086 | —Non Cash | — | — |
| 2026-04-02 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-04-02The form aggregates direct and indirect interests; it does not allocate the grant to a particular account. As disclosed: 465,410 A$18.00 Options acquired on 2 April 2026; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | GrantIPX A$18.00 options | 465,410 | —Non Cash | — | — |
| 2026-04-02 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-04-02The form aggregates direct and indirect interests; it does not allocate the grant to a particular account. As disclosed: 639,205 A$22.00 Options acquired on 2 April 2026; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | GrantIPX A$22.00 options | 639,205 | —Non Cash | — | — |
| 2026-04-02 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-04-02The form aggregates direct and indirect interests; the grant is not allocated to a particular account. As disclosed: 237,944 A$18.00 Performance Rights acquired on 2 April 2026; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | GrantIPX A$18.00 performance rights | 237,944 | —Non Cash | — | — |
| 2026-04-02 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-04-02The form aggregates direct and indirect interests; it does not allocate the grant to a particular account. As disclosed: 564,759 A$18.00 Options acquired on 2 April 2026; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 2 ↗ Change of Director's Interest Notice x 2 ↗ | GrantIPX A$18.00 options | 564,759 | —Non Cash | — | — |
| 2026-03-27 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2026-03-27Direct interest. The reported transaction quantity is in ADSs; the ordinary-share equivalent is 41,870 shares. As disclosed: On-market purchase of 4,187 ADSs on 27 March 2026; value/consideration US$99,463.67. One ADS represents ten ordinary shares.
Director · Start not disclosed Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX American Depositary Shares (1 ADS represents 10 ordinary shares) | 4,187 | USD 99,463.67 | USD 23.755355Calculated average | 4,187 |
| 2026-03-27 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-03-27The filing aggregates direct and indirect interests and does not allocate the shares to either disclosed DITM trust interest. As disclosed: On-market purchase of 225,225 shares on 27 March 2026; value/consideration A$720,917.30.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX fully paid ordinary shares | 225,225 | AUD 720,917.30 | AUD 3.200876Calculated average | 25,628,334 |
| 2026-03-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-03-27The filing aggregates direct and indirect interests and does not allocate this trade to a particular account. As disclosed: On-market purchase of 467,000 fully paid ordinary shares on 27 March 2026; value/consideration A$1,493,480.25.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX fully paid ordinary shares | 467,000 | AUD 1,493,480.25 | AUD 3.198031Calculated average | 12,206,782 |
| 2026-03-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-03-27The filing aggregates direct and indirect interests. The transaction quantity is 12,800 ADSs, equal to 128,000 ordinary shares. As disclosed: On-market purchase of 12,800 ADSs on 27 March 2026; value/consideration US$299,643.64. One ADS represents ten ordinary shares.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | PurchaseIPX American Depositary Shares (1 ADS represents 10 ordinary shares) | 12,800 | USD 299,643.64 | USD 23.409659Calculated average | 12,800 |
| 2026-02-04 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2026-02-04Indirect interest through Nalaroo Holdings Pty Ltd. The notice states the sale was to satisfy tax obligations. As disclosed: On-market sale of 150,000 shares on 4 February 2026 to satisfy tax obligations; value/consideration A$1,025,351.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice ↗ | SaleIPX fully paid ordinary shares | 150,000 | AUD 1,025,351.00 | AUD 6.835673Calculated average | 973,457 |
| 2026-02-03 | Todd Hannigan
Details & evidence for Todd Hannigan on 2026-02-03The form aggregates direct and indirect interests and does not allocate the shares to a particular account. The same number of RSUs was disposed upon conversion. As disclosed: 159,333 shares acquired upon conversion of 159,333 RSUs on 3 February 2026; conversion followed satisfaction of the relevant service-based vesting condition; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | VestingIPX fully paid ordinary shares issued on RSU conversion | 159,333 | —Non Cash | — | 25,403,109 |
| 2026-02-03 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-02-03The form aggregates direct and indirect interests; it does not allocate the shares to a particular account. The same number of RSUs was disposed upon conversion. As disclosed: 318,667 shares acquired upon conversion of 318,667 RSUs on 3 February 2026; conversion followed satisfaction of the relevant service-based vesting condition; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | VestingIPX fully paid ordinary shares issued on RSU conversion | 318,667 | —Non Cash | — | 11,739,782 |
| 2025-12-23 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2025-12-23Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>). As disclosed: 83,286 ordinary shares acquired on vesting of RSUs on 23 December 2025; nil consideration.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 83,286 | —Non Cash | — | 1,123,457 |
| 2025-12-23 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2025-12-23Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>); 83,286 RSUs vested and converted into shares, and 22,686 RSUs were granted. As disclosed: 22,686 RSUs acquired on grant and 83,286 RSUs disposed upon vesting and conversion into shares; ending RSU holding 84,771.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | GrantIPX restricted stock units | 22,686 | —Non Cash | — | — |
| 2025-12-23 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2025-12-23Direct interest as reported in the Appendix 3Y. As disclosed: 14,162 ordinary shares acquired on vesting of RSUs on 23 December 2025; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 14,162 | —Non Cash | — | 38,777 |
| 2025-12-23 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2025-12-23The notice reports 14,162 RSUs vesting/converting to shares and a new 22,686-unit RSU grant. As disclosed: 22,686 RSUs acquired on grant and 14,162 RSUs disposed upon vesting and conversion into shares; ending RSU holding 51,010.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | GrantIPX restricted stock units | 22,686 | —Non Cash | — | — |
| 2025-12-23 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-12-23The form aggregates direct and indirect interests and does not allocate the lapse between the DITM Family Trust and Hannigan Superannuation Fund. As disclosed: 1,260,000 unlisted Class B performance shares disposed on lapse on 23 December 2025; the form says they converted into one ordinary share.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ Annual Report to shareholders ↗ | CancellationIPX unlisted Class B performance shares | 1,260,000 | —Non Cash | — | 0 |
| 2025-12-23 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-12-23The filing's 1,260,000 Class B units and one ordinary share are consistent with the plan's per-holder expiry conversion terms. As disclosed: One fully paid ordinary share acquired on lapse/conversion of Class B performance shares on 23 December 2025; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ Annual Report to shareholders ↗ | VestingIPX fully paid ordinary share issued on Class B performance-share lapse/conversion | 1 | —Non Cash | — | 25,243,776 |
| 2025-12-23 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-12-23Indirect interests are aggregated in the form. As disclosed: 280,000 unlisted Class B A$0.20 performance options disposed on lapse on 23 December 2025; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | ExpiryIPX unlisted Class B A$0.20 performance options | 280,000 | —Non Cash | — | 0 |
| 2025-12-23 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-12-23Indirect interests are aggregated in the form. As disclosed: 280,000 unlisted Class A A$0.20 performance options disposed on lapse on 23 December 2025; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | ExpiryIPX unlisted Class A A$0.20 performance options | 280,000 | —Non Cash | — | 0 |
| 2025-12-23 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-12-23The form reports direct and indirect interests through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. As disclosed: 2,250,000 unlisted Class B performance shares disposed on lapse on 23 December 2025; the form says they converted into one ordinary share.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ Annual Report to shareholders ↗ | CancellationIPX unlisted Class B performance shares | 2,250,000 | —Non Cash | — | 0 |
| 2025-12-23 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-12-23The filing's 2,250,000 Class B units and one ordinary share are consistent with the plan's per-holder expiry conversion terms. As disclosed: One fully paid ordinary share acquired on lapse/conversion of Class B performance shares on 23 December 2025; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ Annual Report to shareholders ↗ | VestingIPX fully paid ordinary share issued on Class B performance-share lapse/conversion | 1 | —Non Cash | — | 11,421,115 |
| 2025-12-23 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-12-23Indirect interests are reported through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. As disclosed: 500,000 unlisted Class B A$0.20 performance options disposed on lapse on 23 December 2025; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | ExpiryIPX unlisted Class B A$0.20 performance options | 500,000 | —Non Cash | — | 0 |
| 2025-12-23 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-12-23Indirect interests are reported through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. As disclosed: 500,000 unlisted Class A A$0.20 performance options disposed on lapse on 23 December 2025; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | ExpiryIPX unlisted Class A A$0.20 performance options | 500,000 | —Non Cash | — | 0 |
| 2025-12-23 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2025-12-23Direct interest as reported in the Appendix 3Y. As disclosed: 83,286 ordinary shares acquired on vesting of RSUs on 23 December 2025; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 83,286 | —Non Cash | — | 486,318 |
| 2025-12-23 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2025-12-23The notice reports 83,286 RSUs vesting/converting to shares and a new 22,686-unit RSU grant. As disclosed: 22,686 RSUs acquired on grant and 83,286 RSUs disposed upon vesting and conversion into shares; ending RSU holding 84,771.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | GrantIPX restricted stock units | 22,686 | —Non Cash | — | — |
| 2025-12-23 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2025-12-23The form aggregates 189,379 shares arising from exercise of 106,093 A$0.87 options and vesting of 83,286 RSUs; those disclosed quantities sum to the reported share increase. The source reports nil total consideration and does not allocate a separate cash amount to the option exercise. As disclosed: 189,379 shares acquired upon exercise of 106,093 A$0.87 options and vesting of 83,286 RSUs on 23 December 2025; the form reports nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | OtherIPX fully paid ordinary shares acquired on A$0.87 option exercise and RSU vesting | 189,379 | —Not Disclosed | — | 1,177,138 |
| 2025-12-23 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2025-12-23The notice reports both 83,286 RSUs vested and converted into shares and a new 28,131-unit RSU grant; the net post-change balance is 90,216 RSUs. As disclosed: 28,131 RSUs acquired on grant; 83,286 RSUs disposed upon vesting and conversion into shares; ending RSU holding 90,216.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | GrantIPX restricted stock units | 28,131 | —Non Cash | — | — |
| 2025-12-23 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2025-12-23Direct interest as reported in the Appendix 3Y. Unchanged A$0.87 options are not recorded as transactions. As disclosed: 83,286 ordinary shares acquired on vesting of RSUs on 23 December 2025; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 83,286 | —Non Cash | — | 639,775 |
| 2025-12-23 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2025-12-23The notice reports 83,286 RSUs vesting/converting to shares and a new 22,686-unit RSU grant. As disclosed: 22,686 RSUs acquired on grant and 83,286 RSUs disposed upon vesting and conversion into shares; ending RSU holding 84,771.
Director · Start not disclosed Change of Director's Interest Notice x7 ↗ Change of Director's Interest Notice x7 ↗ | GrantIPX restricted stock units | 22,686 | —Non Cash | — | — |
| 2025-10-08 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2025-10-08Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>). As disclosed: Nalaroo Holdings Pty Ltd acquired 16,000 fully paid ordinary shares for A$80,000 on 8 October 2025 through the Company's share placement following shareholder approval.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | SubscriptionIPX fully paid ordinary shares | 16,000 | AUD 80,000.00 | AUD 5Calculated average | 1,040,171 |
| 2025-10-08 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2025-10-08Direct interest as reported in the Appendix 3Y. As disclosed: 24,615 fully paid ordinary shares acquired for A$123,075 on 8 October 2025 through the Company's share placement following shareholder approval.
Director · Start not disclosed Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | SubscriptionIPX fully paid ordinary shares | 24,615 | AUD 123,075.00 | AUD 5Calculated average | 24,615 |
| 2025-10-08 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-10-08The form aggregates direct and indirect interests through DITM Holdings as trustee for two funds and does not allocate this subscription between them. As disclosed: 300,000 fully paid ordinary shares acquired for A$1,500,000 on 8 October 2025 through the Company's share placement following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | SubscriptionIPX fully paid ordinary shares | 300,000 | AUD 1,500,000.00 | AUD 5Calculated average | 25,243,775 |
| 2025-10-08 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-10-08The form aggregates direct and indirect interests through Moshos Family Investments Pty Ltd as trustee for Moshos Family Trust and does not allocate this subscription between them. As disclosed: 16,000 fully paid ordinary shares acquired for A$80,000 on 8 October 2025 through the Company's share placement following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | SubscriptionIPX fully paid ordinary shares | 16,000 | AUD 80,000.00 | AUD 5Calculated average | 11,421,114 |
| 2025-10-08 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2025-10-08Direct interest as reported in the Appendix 3Y. As disclosed: 24,615 fully paid ordinary shares acquired for A$123,075 on 8 October 2025 through the Company's share placement following shareholder approval.
Director · Start not disclosed Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | SubscriptionIPX fully paid ordinary shares | 24,615 | AUD 123,075.00 | AUD 5Calculated average | 987,759 |
| 2025-10-08 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2025-10-08Direct interest as reported in the Appendix 3Y. Unchanged A$0.87 options and RSUs are not recorded as transactions. As disclosed: 52,000 fully paid ordinary shares acquired for A$260,000 on 8 October 2025 through the Company's share placement following shareholder approval.
Director · Start not disclosed Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | SubscriptionIPX fully paid ordinary shares | 52,000 | AUD 260,000.00 | AUD 5Calculated average | 556,489 |
| 2025-10-01 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-10-01Contract/collateral change only; the notice states no change in beneficial ownership. The previously disclosed collateral amount was 6,600,000 shares. As disclosed: An additional 250,000 ordinary shares were transferred to HSBC Custody Nominees (Australia) Pty Ltd on 1 October 2025 under the loan facility; the filing states no change in beneficial ownership.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x6 ↗ Change of Director's Interest Notice x6 ↗ | ContractShare-secured loan facility over IPX ordinary shares | 250,000 | —Not Disclosed | — | — |
| 2025-09-15 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2025-09-15Indirect interest through Nalaroo Holdings Pty Ltd. The filing reports a cashless exercise; 106,093 options were exchanged for 92,853 shares. As disclosed: 92,853 shares acquired on 15 September 2025 upon cashless exercise of 106,093 A$0.87 options.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExerciseIPX fully paid ordinary shares issued on exercise of A$0.87 options | 92,853 | —Non Cash | — | 1,024,171 |
| 2025-09-09to 2025-09-15 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2025-09-09The filing specifies U.S. time for the date range and says the on-market sales were to satisfy tax obligations. As disclosed: On-market sales of 150,000 shares over 9-15 September 2025 (U.S. time) to satisfy tax obligations; value/consideration A$1,000,750.
Director · Start not disclosed Change of Director's Interest Notice ↗ | SaleIPX fully paid ordinary shares | 150,000 | AUD 1,000,750.00 | AUD 6.671667Calculated average | 403,032 |
| 2025-09-04 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2025-09-04Direct interest. The source aggregates the output from two option classes: 200,000 A$1.33 options and 106,093 A$0.87 options were exercised to produce 248,543 shares; no cash amount is allocated. As disclosed: 248,543 shares acquired upon exercise of 200,000 A$1.33 options and 106,093 A$0.87 options on 4 September 2025; nil consideration under a cashless exercise facility.
Director · Start not disclosed Change of Director's Interest Notice x3 ↗ Change of Director's Interest Notice x3 ↗ | ExerciseIPX fully paid ordinary shares issued on cashless exercise of options | 248,543 | —Non Cash | — | 553,032 |
| 2025-09-04 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2025-09-04Direct interest. The disclosed cash consideration is exactly 200,000 options multiplied by the A$1.33 exercise price. As disclosed: 200,000 shares acquired on 4 September 2025 upon exercise of 200,000 A$1.33 options; value/consideration A$266,000.
Director · Start not disclosed Change of Director's Interest Notice x3 ↗ Change of Director's Interest Notice x3 ↗ | ExerciseIPX fully paid ordinary shares issued on exercise of A$1.33 options | 200,000 | AUD 266,000.00 | — | 963,144 |
| 2025-09-04 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2025-09-04Direct interest. The disclosed cash consideration is exactly 200,000 options multiplied by the A$1.33 exercise price. As disclosed: 200,000 shares acquired on 4 September 2025 upon exercise of 200,000 A$1.33 options; value/consideration A$266,000.
Director · Start not disclosed Change of Director's Interest Notice x3 ↗ Change of Director's Interest Notice x3 ↗ | ExerciseIPX fully paid ordinary shares issued on exercise of A$1.33 options | 200,000 | AUD 266,000.00 | — | 504,489 |
| 2025-06-27 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-06-27The form aggregates direct and indirect interests and does not allocate the issue to a particular account. As disclosed: 141,844 fully paid ordinary shares acquired on 27 June 2025; nil consideration; issued as part of compensation arrangements following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX fully paid ordinary shares issued as compensation | 141,844 | —Non Cash | — | — |
| 2025-06-27 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-06-27The form aggregates direct and indirect interests and does not allocate the grant to a particular account. As disclosed: 295,130 unlisted RSUs acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX restricted stock units | 295,130 | —Non Cash | — | 613,797 |
| 2025-06-27 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-06-27Direct and indirect interests are aggregated by the filing. As disclosed: 306,302 A$8.00 Performance Rights acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ | GrantIPX A$8.00 performance rights | 306,302 | —Non Cash | — | 306,302 |
| 2025-06-27 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-06-27Direct and indirect interests are aggregated by the filing. As disclosed: 306,302 A$7.00 Performance Rights acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ | GrantIPX A$7.00 performance rights | 306,302 | —Non Cash | — | 306,302 |
| 2025-06-27 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-06-27Direct and indirect interests are aggregated by the filing. As disclosed: 306,302 A$6.00 Performance Rights acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX A$6.00 performance rights | 306,302 | —Non Cash | — | 306,302 |
| 2025-06-27 | Anastasios (Taso) ArimaMoshos Family Investments Pty Ltd
Details & evidence for Anastasios (Taso) Arima on 2025-06-27Contract/collateral change only. The filing states no change in beneficial ownership; this is not a purchase or sale. As disclosed: On 27 June 2025, an additional 300,000 ordinary shares were transferred to HSBC Custody Nominees (Australia) Pty Ltd as collateral under the margin lending facility; no change in beneficial ownership. The filing states 6,300,000 shares were previously collateralized.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | ContractShare-secured loan facility over IPX ordinary shares | 300,000 | —Not Disclosed | — | — |
| 2025-06-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-06-27The filing aggregates direct and indirect interests. As disclosed: 419,910 RSUs acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX restricted stock units | 419,910 | —Non Cash | — | 1,057,243 |
| 2025-06-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-06-27The filing aggregates direct and indirect interests. As disclosed: 435,806 A$8.00 Performance Rights acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ | GrantIPX A$8.00 performance rights | 435,806 | —Non Cash | — | 435,806 |
| 2025-06-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-06-27The filing aggregates direct and indirect interests. As disclosed: 435,806 A$7.00 Performance Rights acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ | GrantIPX A$7.00 performance rights | 435,806 | —Non Cash | — | 435,806 |
| 2025-06-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-06-27The filing aggregates direct and indirect interests. As disclosed: 435,806 A$6.00 Performance Rights acquired on 27 June 2025; nil consideration; issued following shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX A$6.00 performance rights | 435,806 | —Non Cash | — | 435,806 |
| 2025-06-27 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-06-27The filing aggregates direct and indirect interests; it does not allocate the shares to a particular account. As disclosed: 625,000 shares acquired upon exercise of 625,000 A$0.20 Options on 27 June 2025; consideration A$125,000.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | ExerciseIPX ordinary shares issued on exercise of A$0.20 options | 625,000 | AUD 125,000.00 | — | 11,405,114 |
| 2025-04-15to 2025-04-16 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-04-15The filing aggregates the two purchase dates and does not allocate quantity or consideration by date or between the disclosed DITM trust interests. As disclosed: On-market purchases of 310,500 shares on 15-16 April 2025; value/consideration A$823,456.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | PurchaseIPX fully paid ordinary shares | 310,500 | AUD 823,456.00 | AUD 2.652032Calculated average | 24,801,931 |
| 2025-03-14 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-03-14Indirect interests are aggregated across the DITM Family Trust and Hannigan Superannuation Fund. The notice reports the RSU conversion but does not allocate it between the trusts. As disclosed: 159,333 Shares acquired upon conversion of 159,333 RSUs on 14 March 2025; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | VestingIPX fully paid ordinary shares issued on RSU conversion | 159,333 | —Non Cash | — | 24,491,431 |
| 2025-03-14 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-03-14The notice reports 2,000,000 performance rights and 318,667 RSUs converted to shares; cash consideration was nil. As disclosed: 2,318,667 fully paid ordinary shares acquired upon conversion of 2,000,000 rights and 318,667 RSUs on 14 March 2025; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | VestingIPX fully paid ordinary shares issued on performance-right and RSU conversion | 2,318,667 | —Non Cash | — | 10,780,114 |
| 2025-03-13 | Todd Hannigan
Details & evidence for Todd Hannigan on 2025-03-13Contract/collateral change only. The filing states beneficial ownership did not change; this is not a share purchase or sale. As disclosed: Off-market transfer of 3,891,429 shares from DITM Holdings Pty Ltd as trustee for The DITM Family Trust to UBS Securities Australia Limited on 13 March 2025 under a loan facility; no change in beneficial ownership.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ | ContractShare-secured loan facility over IPX ordinary shares | 3,891,429 | —Not Disclosed | — | — |
| 2025-03-12 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2025-03-12Contract/collateral change only. The filing says beneficial ownership did not change; 4,750,000 shares were already collateralized before this additional transfer. As disclosed: An additional 1,550,000 ordinary shares were transferred to HSBC Custody Nominees (Australia) Pty Ltd on 12 March 2025 under the facility; 4,750,000 shares had previously been transferred as collateral and the notice reports no change in beneficial ownership.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | ContractShare-secured loan facility over IPX ordinary shares | 1,550,000 | —Not Disclosed | — | — |
| 2024-12-18 | Todd Hannigan
Details & evidence for Todd Hannigan on 2024-12-18Indirect interests through DITM Holdings Pty Ltd as trustee for the DITM Family Trust and Hannigan Superannuation Fund are aggregated in the notice. As disclosed: 593,750 fully paid ordinary shares acquired for A$1,900,000 on 18 December 2024 in the Company's placement following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SubscriptionIPX fully paid ordinary shares | 593,750 | AUD 1,900,000.00 | AUD 3.2Calculated average | 24,332,098 |
| 2024-12-16 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2024-12-16Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>). A separate 150,000-share performance-right conversion is disclosed on the same date. As disclosed: 69,124 shares acquired upon vesting of RSUs on 16 December 2024; nil consideration.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 69,124 | —Non Cash | — | — |
| 2024-12-16 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2024-12-16Indirect interest through Nalaroo Holdings Pty Ltd; 69,124 RSUs vested and converted to shares and 42,486 new RSUs were granted. The notice reports 145,371 ending RSUs. As disclosed: 42,486 RSUs acquired following shareholder approval on 16 December 2024; 69,124 RSUs vested and converted into shares; ending RSUs 145,371.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | GrantIPX restricted stock units | 42,486 | —Non Cash | — | — |
| 2024-12-16 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2024-12-16Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>). The form reports the conversion and a separate RSU vesting on the same date; same-day intermediate share holdings are not disclosed. As disclosed: 150,000 shares acquired upon conversion of 150,000 performance rights on 16 December 2024; nil consideration.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | VestingIPX fully paid ordinary shares issued on performance-right conversion | 150,000 | —Non Cash | — | — |
| 2024-12-16 | Todd Hannigan
Details & evidence for Todd Hannigan on 2024-12-16Indirect interests through DITM Holdings Pty Ltd as trustee for the DITM Family Trust and Hannigan Superannuation Fund are aggregated. As disclosed: 3,500,000 ordinary shares acquired upon conversion of 3,500,000 unlisted performance rights on 16 December 2024; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | VestingIPX fully paid ordinary shares issued on performance-right conversion | 3,500,000 | —Non Cash | — | 23,738,348 |
| 2024-12-16 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2024-12-16Direct interest; a separate 42,486-unit RSU grant is reported. As disclosed: 69,124 shares acquired upon vesting of RSUs on 16 December 2024; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 69,124 | —Non Cash | — | 304,489 |
| 2024-12-16 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2024-12-1669,124 RSUs vested and converted into shares; the form does not disclose an intermediate same-day balance. As disclosed: 42,486 restricted stock units acquired following shareholder approval on 16 December 2024.
Director · Start not disclosed Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | GrantIPX restricted stock units | 42,486 | —Non Cash | — | — |
| 2024-12-16 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2024-12-16The notice also reports a 42,486-unit RSU grant following shareholder approval. As disclosed: 69,124 shares acquired on vesting of RSUs on 16 December 2024; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 69,124 | —Non Cash | — | 763,144 |
| 2024-12-16 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2024-12-1642,486 RSUs were granted; 69,124 prior RSUs vested and converted into shares. The filing does not disclose an intermediate same-day balance. As disclosed: 42,486 restricted stock units acquired following shareholder approval on 16 December 2024.
Director · Start not disclosed Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | GrantIPX restricted stock units | 42,486 | —Non Cash | — | — |
| 2024-12-16 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2024-12-16Direct interest; a separate 42,486-unit RSU grant is reported. As disclosed: 69,124 shares acquired upon vesting of RSUs on 16 December 2024; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 69,124 | —Non Cash | — | 304,489 |
| 2024-12-16 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2024-12-1669,124 RSUs vested and converted into shares; the form does not disclose an intermediate same-day balance. As disclosed: 42,486 restricted stock units acquired following shareholder approval on 16 December 2024.
Director · Start not disclosed Change of Director's Interest Notice x5 ↗ Change of Director's Interest Notice x5 ↗ | GrantIPX restricted stock units | 42,486 | —Non Cash | — | — |
| 2024-12-09 | Todd Hannigan
Details & evidence for Todd Hannigan on 2024-12-09Indirect interests through DITM Holdings as trustee are aggregated. As disclosed: 1,260,000 unlisted Class A performance shares disposed on lapse on 9 December 2024; the notice says the lapse converted into one ordinary share.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ Annual Report to shareholders ↗ | CancellationIPX unlisted Class A performance shares | 1,260,000 | —Non Cash | — | 0 |
| 2024-12-09 | Todd Hannigan
Details & evidence for Todd Hannigan on 2024-12-09Indirect interest through DITM Holdings Pty Ltd as trustee for the DITM Family Trust and Hannigan Superannuation Fund. The notice's 1,260,000 Class A units and one ordinary share are consistent with the plan's per-holder expiry conversion terms. As disclosed: One fully paid ordinary share acquired on lapse/conversion of Class A performance shares on 9 December 2024; nil consideration.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ Annual Report to shareholders ↗ | VestingIPX fully paid ordinary share issued on Class A performance-share lapse/conversion | 1 | —Non Cash | — | 20,238,348 |
| 2024-12-09 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2024-12-09Indirect interest through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. As disclosed: 2,250,000 unlisted Class A performance shares disposed on lapse on 9 December 2024; the notice says the lapse converted into one ordinary share.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ Annual Report to shareholders ↗ | CancellationIPX unlisted Class A performance shares | 2,250,000 | —Non Cash | — | 0 |
| 2024-12-09 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2024-12-09The form reports direct and indirect interests through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. The 2,250,000 Class A units and one ordinary share are consistent with the plan's per-holder expiry conversion terms. As disclosed: One fully paid ordinary share acquired on lapse/conversion of Class A performance shares on 9 December 2024; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ Annual Report to shareholders ↗ | VestingIPX fully paid ordinary share issued on Class A performance-share lapse/conversion | 1 | —Non Cash | — | 8,461,447 |
| 2024-11-08 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2024-11-08Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>). The form reports performance rights reduced from 300,000 to 150,000. As disclosed: 150,000 ordinary shares acquired upon conversion of 150,000 performance rights on 8 November 2024; nil consideration.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | VestingIPX fully paid ordinary shares issued on performance-right conversion | 150,000 | —Non Cash | — | 712,194 |
| 2024-10-30 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2024-10-30Indirect interest through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. The 4,000,000 rights remaining after conversion are separately disclosed; the converted rights expired 23 April 2026 and vested on the stated A$3.00 30-day VWAP condition. As disclosed: 2,000,000 ordinary shares acquired on conversion of 2,000,000 performance rights on 30 October 2024; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | VestingIPX fully paid ordinary shares issued on A$3.00 VWAP performance-right conversion | 2,000,000 | —Non Cash | — | 8,461,446 |
| 2024-10-23 | Anastasios (Taso) ArimaMoshos Family Investments Pty Ltd
Details & evidence for Anastasios (Taso) Arima on 2024-10-23Contract/collateral change only. The form says no change in beneficial ownership; after this transfer, 4,750,000 ordinary shares had been transferred to the custodian under the facility. The amount actually borrowed against as of this notice is not itemized here. As disclosed: Off-market transfer of 1,750,000 IperionX ordinary shares from Moshos Family Investments Pty Ltd to HSBC Custody Nominees (Australia) Pty Ltd on 23 October 2024 under a margin-lending facility; no change in beneficial ownership. The notice states 4,750,000 shares had been transferred to the custodian to date.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ContractShare-secured loan facility over IPX ordinary shares | 1,750,000 | —Not Disclosed | — | — |
| 2024-09-27 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2024-09-27Direct interest as reported in the notice; RSU holding declined from 238,675 to 172,009. As disclosed: 66,666 shares acquired upon vesting of RSUs on 27 September 2024; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x3 ↗ Change of Director's Interest Notice x3 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 66,666 | —Non Cash | — | 235,365 |
| 2024-09-27 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2024-09-27Direct interest as reported in the notice; RSU holding declined from 238,675 to 172,009. As disclosed: 66,666 shares acquired upon vesting of RSUs on 27 September 2024; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x3 ↗ Change of Director's Interest Notice x3 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 66,666 | —Non Cash | — | 694,020 |
| 2024-09-27 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2024-09-27Direct interest as reported in the notice; RSU holding declined from 238,675 to 172,009. As disclosed: 66,666 shares acquired upon vesting of RSUs on 27 September 2024; nil consideration.
Director · Start not disclosed Change of Director's Interest Notice x3 ↗ Change of Director's Interest Notice x3 ↗ | VestingIPX fully paid ordinary shares issued on RSU vesting | 66,666 | —Non Cash | — | 235,365 |
| 2024-07-09 | Todd Hannigan
Details & evidence for Todd Hannigan on 2024-07-09Indirect interests through DITM Holdings Pty Ltd as trustee for the DITM Family Trust and Hannigan Superannuation Fund are aggregated. As disclosed: 3,173,092 fully paid ordinary shares acquired for A$6,060,606 on 9 July 2024 through the Company's placement following shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | SubscriptionIPX fully paid ordinary shares | 3,173,092 | AUD 6,060,606.00 | AUD 1.91Calculated average | 20,238,347 |
| 2024-07-09 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2024-07-09Direct interest as reported in the Appendix 3Y. As disclosed: 158,655 fully paid ordinary shares acquired for A$303,031 on 9 July 2024 through the Company's placement following shareholder approval.
Director · Start not disclosed Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | SubscriptionIPX fully paid ordinary shares | 158,655 | AUD 303,031.00 | AUD 1.91Calculated average | 627,354 |
| 2024-06-04 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2024-06-04Direct and indirect interests are disclosed through Moshos Family Investments Pty Ltd ATF Moshos Family Trust. The performance rights vested after the stated market-based condition was met. As disclosed: 2,000,000 ordinary shares acquired upon conversion of 2,000,000 performance rights on 4 June 2024; nil consideration.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | VestingIPX fully paid ordinary shares issued on A$2.00 VWAP performance-right conversion | 2,000,000 | —Non Cash | — | 6,461,446 |
| 2024-05-28 | Anastasios (Taso) ArimaMoshos Family Investments Pty Ltd
Details & evidence for Anastasios (Taso) Arima on 2024-05-28Contract/collateral change only. The notice says there was no change in beneficial ownership. Of 3,000,000 shares transferred to HSBC custody, 1,250,000 were then allocated as collateral and 1,750,000 remained available for collateral; no purchase or sale is recorded. As disclosed: On 28 May 2024, 3,000,000 ordinary shares were transferred to HSBC Custody Nominees (Australia) Pty Ltd; 1,250,000 were allocated as collateral and 1,750,000 remained available for collateral. No change in beneficial ownership.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ | ContractShare-secured loan facility over IPX ordinary shares | 3,000,000 | —Not Disclosed | — | — |
| 2024-05-22 | Vaughn TaylorNalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C>
Details & evidence for Vaughn Taylor on 2024-05-22Indirect interest through Nalaroo Holdings Pty Ltd (<Lavoipierre Taylor Fam A/C>). The filing reports rights reduced from 450,000 to 300,000. As disclosed: 150,000 shares acquired upon conversion of 150,000 performance rights on 22 May 2024; nil consideration.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | VestingIPX fully paid ordinary shares issued on performance-right conversion | 150,000 | —Non Cash | — | 562,194 |
| 2024-04-19 | Todd Hannigan
Details & evidence for Todd Hannigan on 2024-04-19Direct interest as reported in the Appendix 3Y. As disclosed: 478,000 restricted stock units acquired on 19 April 2024; nil consideration after shareholder approval.
Director · Start not disclosed Management background report ↗ DITM Holdings Pty Ltd · director of trustee; disclosed indirect share interest The DITM Family Trust · indirect director interest through DITM Holdings Pty Ltd as trustee The Hannigan Superannuation Fund · indirect director interest through DITM Holdings Pty Ltd as trustee Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX restricted stock units | 478,000 | —Non Cash | — | 478,000 |
| 2024-04-19 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2024-04-19Direct interest as reported in the Appendix 3Y. As disclosed: 956,000 restricted stock units acquired on 19 April 2024; nil consideration after shareholder approval.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice x2 ↗ Change of Director's Interest Notice x2 ↗ | GrantIPX restricted stock units | 956,000 | —Non Cash | — | 956,000 |
Disclosed holding observations18 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-09-23 | Anastasios (Taso) Arima
Details & evidence for Anastasios (Taso) Arima on 2026-09-23The director reports 12,455,502 ordinary shares before and after the collateral return. The notice separately reports ADSs, RSUs, options and performance rights; this observation covers the ordinary-share line only.
Director · Start not disclosed Management background report ↗ Moshos Family Investments Pty Ltd · director and shareholder of trustee Moshos Family Trust · beneficiary of trust holding securities subject to disclosed indirect interest Equities First Holdings, LLC · indirect interest in shares subject to facility collateral Change of Director's Interest Notice ↗ | PositionIPX fully paid ordinary shares | 12,455,502 | — |
| 2026-08-31 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2026-12-23 | 22,686 | — |
| 2026-08-31 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2027-12-05 | 33,761 | — |
| 2026-08-31 | Beverly M. Wyse
Details & evidence for Beverly M. Wyse on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2028-12-16 | 28,324 | — |
| 2026-08-31 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2026-12-23 | 28,131 | — |
| 2026-08-31 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2027-12-05 | 33,761 | — |
| 2026-08-31 | Lorraine M. Martin
Details & evidence for Lorraine M. Martin on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2028-12-16 | 28,324 | — |
| 2026-08-31 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2026-12-23 | 22,686 | — |
| 2026-08-31 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2027-12-05 | 33,761 | — |
| 2026-08-31 | Melissa G. Waller
Details & evidence for Melissa G. Waller on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2028-12-16 | 28,324 | — |
| 2026-08-31 | Michael Loparco
Details & evidence for Michael Loparco on 2026-08-31
Director · 2026-08-03 Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2028-08-03 | 58,584 | — |
| 2026-08-31 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2026-12-23 | 22,686 | — |
| 2026-08-31 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2026-08-31
Director · Start not disclosed Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2028-12-16 | 28,324 | — |
| 2026-08-31 | Vaughn Taylor
Details & evidence for Vaughn Taylor on 2026-08-31The table names Nalaroo Holdings Pty Ltd; it is retained as the disclosed account linked to Vaughn Taylor in the director-interest record.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2026-12-23 | 22,686 | — |
| 2026-08-31 | Vaughn Taylor
Details & evidence for Vaughn Taylor on 2026-08-31The table names Nalaroo Holdings Pty Ltd; it is retained as the disclosed account linked to Vaughn Taylor in the director-interest record.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2027-12-05 | 33,761 | — |
| 2026-08-31 | Vaughn Taylor
Details & evidence for Vaughn Taylor on 2026-08-31The table names Nalaroo Holdings Pty Ltd; it is retained as the disclosed account linked to Vaughn Taylor in the director-interest record.
Director · Start not disclosed Nalaroo Holdings Pty Ltd <Lavoipierre Taylor Fam A/C> · indirect share interest through the disclosed family account Annual Report to Shareholders ↗ | PositionDirector restricted stock units expiring 2028-12-16 | 28,324 | — |
| 2026-08-03 | Michael Loparco
Details & evidence for Michael Loparco on 2026-08-03Initial director-position disclosure; no grant date or grant transaction is reported in this notice.
Director · 2026-08-03 Initial Director's Interest Notice ↗ | InitialIPX restricted stock units expiring 2028-08-03 | 58,584 | — |
| 2025-03-17 | R. Tony Tripeny
Details & evidence for R. Tony Tripeny on 2025-03-17Initial director-position disclosure; no grant date or grant transaction is reported in this notice.
Director · Start not disclosed Initial Director's Interest Notice ↗ | InitialIPX restricted stock units expiring 2028-12-16 | 42,486 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory12 documents
IPX reference price: ASX close 30 October 2026Market Data · HighExtracted
Latest eligible local ASX close for IPX: A$2.15 on 2026-10-30 (open 2.44, high 2.46, low 2.03, volume 2,726,086), market data provider via miners.collect_stock_prices, one ASX IPX ordinary share, 1 day old, fresh. Command: python -m miners.reference_price IPX --valuation-date 2026-10-31.
- Document ID
- ref_price_20261030
- Published UTC
- 2026-10-30T05:10:00Z
- Projects
- —
- Commodities
- —
Market snapshot and AUD/USD (local databases)Market Data · MediumExtracted
Market snapshot from local databases as of 2026-10-30 (python -m miners.v8db.market_snapshot IPX --cutoff 2026-10-31): 52-week high A$8.37, low A$1.775; returns 1m -14.3%, 3m -29.5%, 6m -52.2%, 12m -68.3%, 3y +72.0%; relative to the ASX mining index 12m -77.2%; average traded value 20d A$3.24m, 60d A$5.31m; AUD per USD 1.4236; the peer database holds no stock sharing the primary commodity.
- Document ID
- market_snapshot_20261030
- Published UTC
- 2026-10-30T05:10:00Z
- Projects
- —
- Commodities
- —
Peer share counts and local closes (ILU, LYC, ARU)Market Data · LowExtracted
Peer inputs: Arafura Rare Earths 6,070,602,115 shares quoted after the 13 July 2026 issue (TipRanks announcement summary); Iluka Resources about 431.2m shares (TipRanks statistics page, undated, timeless share count only); closes for ILU, LYC and ARU on 2026-10-30 and 2025-10-30 from the local ASX price database (data/asx_mining_companies.db). Lynas share count not found, so its market cap is left blank.
- Document ID
- peer_inputs_202610
- Published UTC
- 2026-10-30T01:00:00Z
- Projects
- —
- Commodities
- —
September 2026 Quarterly Report (Activities Report and Appendix 5B)Results · HighExtracted
Quarterly report to 30 September 2026: 8.7 t HAMR titanium powder produced, 19 t powder and 207 t scrap inventory, furnace capacity validated above 200 tpa, GenX continuous process validated near 100 tpa; cash US$63.0m after the US$50m July offering (net US$46.1m), operating outflow US$12.6m, US$33.7m remaining reimbursable U.S. Government funding; US$18.5m SBIR Phase III Task Order 2; Atlas acquisition closed 1 July 2026; redomiciliation plan; five quarters of funding on Appendix 5B basis.
- Document ID
- q_sep2026
- Published UTC
- 2026-10-28T23:00:55Z
- Projects
- virginia_titanium · titan · atlas
- Commodities
- others · rare_earths
Annual Report to Shareholders FY2026 (year ended 30 June 2026)Results · HighExtracted
FY2026 audited accounts in US$: loss US$66.8m, operating cash outflow US$45.0m, PP&E, intangibles and exploration purchases US$20.4m, cash US$35.2m, loans and leases US$4.2m, equity US$88.3m; 339.4m shares at 30 June 2026 and 362.24m at 31 August 2026 after the July offering; board and executive biographies, remuneration, top-20 holders and substantial holders, options and rights, going concern and liquidity discussion, Mineral Resource and Ore Reserve statements.
- Document ID
- ar_fy2026
- Published UTC
- 2026-09-28T22:44:29Z
- Projects
- virginia_titanium · titan · atlas
- Commodities
- others · rare_earths
Heavy rare earth prices outside China (S&P Global, September 2026)Commodity Data · MediumExtracted
S&P Global Commodity Insights, 18 September 2026: dysprosium and terbium oxide trade is the focus of September CIF North America rare earth assessments; Dy oxide traded near US$3,250/kg and Tb oxide near US$7,500/kg CIP North America, against about US$196-201/kg and US$896-904/kg in China; outside-China ranges vary by reporter. Lynas reported 19 t of Dy plus Tb in the June 2026 quarter, and China export licensing on heavy rare earths remains a policy variable. Aggregator ranges are indicative only.
- Document ID
- rare_earth_prices_202609
- Published UTC
- 2026-09-18T02:00:00Z
- Projects
- —
- Commodities
- —
Sell-side ratings and targets for IPX ADS (MarketBeat)Market Data · LowExtracted
MarketBeat IPX price-target page read 2026-10-31: as of 4 September 2026 seven analysts, six Buy and one Sell, average 12-month ADS target US$46.50 (range US$26 to US$55) against an ADS near US$21.75; BTIG raised to US$55, Roth lowered to US$53 from US$75, Texas Capital initiated at Buy US$55. Used only to test the thesis, never as the valuation anchor.
- Document ID
- sellside_marketbeat_20260904
- Published UTC
- 2026-09-04T02:00:00Z
- Projects
- —
- Commodities
- —
Proposed U.S. redomiciliation and board appointmentCorporate Action · MediumExtracted
Plan to redomicile the ultimate parent to Texas by scheme of arrangement with direct Nasdaq listing replacing the ADS structure, subject to shareholder, court and regulatory approvals; Michael J. Loparco appointed independent non-executive director from 3 August 2026.
- Document ID
- redomicile_20260803
- Published UTC
- 2026-08-02T23:27:48Z
- Projects
- —
- Commodities
- —
Appendix 2A: 106,093 shares from option exercisesCorporate Action · LowExtracted
Application for quotation of 106,093 ordinary shares issued 15 July 2026 on exercise of options.
- Document ID
- app2a_20260715
- Published UTC
- 2026-07-15T01:40:05Z
- Projects
- —
- Commodities
- —
Appendix 2A: 22,750,000 ordinary shares from the US public offeringFinancing · HighExtracted
Application for quotation of 22,750,000 fully paid ordinary shares issued 8 July 2026 (the shares underlying 2,275,000 ADSs priced at US$21.98 per ADS).
- Document ID
- app2a_20260708
- Published UTC
- 2026-07-08T06:50:55Z
- Projects
- —
- Commodities
- —
Completion of the Camden (Atlas) acquisitionTransaction · MediumExtracted
Completion of the US$3.0m cash acquisition of adjacent critical mineral, property and infrastructure assets: about 70 acres of at-surface stockpiles with grab samples to 21.5% THM, about 180 acres of pre-stripped Lower McNairy, 1,200 owned and 1,300 leased acres, grid power, water, gas and rail; reclamation obligations assumed; integrated Atlas-Titan study targeted by end 2026.
- Document ID
- atlas_acq_20260702
- Published UTC
- 2026-07-01T23:19:49Z
- Projects
- atlas · titan
- Commodities
- others · rare_earths
Titan Definitive Feasibility Study (announcement, summary and technical report)Study · HighExtracted
DFS for the 100%-owned Titan project: 14-year mine plan on 117.0 Mt Proved and Probable Ore Reserve at 3.17% THM, Phase 1 3.5 Mtpa then Phase 2 10 Mtpa; products ilmenite, rutile, zircon concentrate and heavy rare earth concentrate; capex US$228.1m plus US$153.2m; opex US$13.31/t ore then US$10.57/t; real 8% after-tax NPV US$813m, IRR 39.4%, payback 3.6 years, LOM EBITDA US$2.8bn, after-tax FCF US$1.93bn; price deck TZMI (ilmenite, rutile, zircon) and Argus basket at 50% payability for the concentrate; 21% federal and 6.5% Tennessee tax with depletion and 100% first-year depreciation; 5% royalty on leased and optioned land; Mineral Resource 445.7 Mt at 2.1% THM.
- Document ID
- titan_dfs_20260604
- Published UTC
- 2026-06-03T23:07:29Z
- Projects
- titan
- Commodities
- rare_earths · others
Evidence facts28
63018000 USD
2026-09-30-12617000 USD
2026-09-3033700000 USD
2026-09-308.7 t
2026-09-3018500000 USD
2026-08-31-66767762 USD
2026-06-30362240163 shares
2026-08-31319927854 shares
2025-06-3088299689 USD
2026-06-303966220 USD
2026-06-30813000000 USD
2026-06-04381300000 USD
2026-06-04117027000 t
2026-06-0441759 USD/t
2026-06-0427.5 %
2026-06-043000000 USD
2026-07-012026-08-03 None
2026-08-0322750000 shares
2026-07-08106093 shares
2026-07-152.15 AUD/share
2026-10-302726086 shares
2026-10-301.4236 AUD/USD
2026-10-308.37 AUD/share
2026-10-3046.5 USD/ADS
2026-09-043250 USD/kg
2026-09-187500 USD/kg
2026-09-18431195000 shares
2026-10-306070602115 shares
2026-07-13