IperionX Limited (ASX:IPX) has disclosed key operational and financial metrics in an investor webinar filing, including 19 tonnes of finished titanium powder inventory, a US$18.5 million new Army Task Order, and total available liquidity of US$96.7 million comprising US$63.0 million cash and US$33.7 million in obligated U.S. Government funding.

Key Points

  • 19 tonnes of finished titanium powder in existing inventory
  • US$18.5 million new Army Task Order 2 to fund industrial fastener and track-pin production
  • Four products delivering to U.S. defense, including Army fasteners, ballistic plate, and Navy pump components
  • HAMR furnace validated at 1.6 tonnes in 63 hours of back-to-back runs, above nameplate capacity
  • Available liquidity of US$96.7 million, comprising US$63.0 million cash and US$33.7 million in obligated U.S. Government funding

Titanium Powder Inventory and Production Capacity

According to the filing, IperionX holds 19 tonnes of finished titanium powder in existing inventory. The company disclosed that its HAMR furnace has been validated at 1.6 tonnes in 63 hours of back-to-back production runs, described in the filing as above nameplate capacity. The company also disclosed that its GenX throughput has been validated at six times the reference rate, with greater than 75 percent less power per kilogram compared to batch HAMR processing. The filing presents these figures under the heading of material developments related to powder capacity.

U.S. Defense Product Deliveries and Army Task Order

The filing states that IperionX is currently delivering four products to U.S. defense customers, identified as two types of Army fasteners, ballistic plate, and Navy pump components. The company disclosed a new Army Task Order 2 valued at US$18.5 million, with the filing stating that this order funds industrial fastener and track-pin production. The filing does not specify a commencement date or delivery schedule associated with this task order beyond the disclosed description of its scope and funding value.

Available Liquidity and U.S. Government Funding

IperionX disclosed total available liquidity of US$96.7 million as at the date of the filing. This figure comprises US$63.0 million in cash and US$33.7 million described as obligated U.S. Government funding. The filing does not provide further breakdown of the obligated government funding or specify the programs or contracts from which it derives, beyond characterising it as part of the company's available liquidity position. The investor webinar filing was authorised for release by the Chief Executive Officer and Managing Director.