Mining Intelligence and News
United States

Titan Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Zircon
  • Rutile
  • Ilmenite
  • REE
  • Monazite
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe largest U.S. titanium and monazite/xenotime JORC code compliant resource. Simple, low-cost extraction & processing operations.

A potential major U.S. source of titanium and rare earths.

Owners

SourceSource
CompanyInterestOwnership
IperionX Ltd. 100 % Direct
IperionX holds a 100% interest in the Titan Project.

Contractors

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Deposit type

  • Sedimentary

Summary:

The Titan Project’s location in western Tennessee represents the eastern flank of the Mississippi Embayment, a large, southward plunging syncline within the Gulf Coastal Plain. This feature extends from southern Illinois to the north and to Mississippi and Alabama to the south. The embayment is filled with sediments and sedimentary rocks of Cretaceous to Quaternary age.

The McNairy Sand Formation represents a pro-grading deltaic environment during a regressive marine sequence. This is evidenced by the coarsening upward sequence grading from the glauconitic clay rich Coon Creek Formation to the fine lower member of the McNairy Formation to the coarser upper member of the McNairy Formation.

The main mineralized zone at the Project is hosted stratigraphically in the lower member of the McNairy Formation, the McNairy Formation dips gently into the west in the Project area. Mineralization averages 31 meters thick and has been traced, to date, for 6.2 kilometers along strike. The upper zone is also mineralized in some areas.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityProductUnitsAvg. Annual
Zircon Concentrate kt 16
Zircon Mineral t 22,400
Rutile Concentrate kt 17
Ilmenite Concentrate kt 96
Monazite Concentrate kt 4.6

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnitsAverage
Assumed price Monazite USD  ....  Subscribe
Assumed price Rutile USD  ....  Subscribe
Assumed price Zircon USD  ....  Subscribe
Assumed price Ilmenite USD  ....  Subscribe
* According to 2022 study / presentation.

Operating Costs

Currency2022
OP mining costs ($/t milled) USD 2.66 *  
Processing costs ($/t milled) USD  ....  Subscribe
G&A ($/t milled) USD  ....  Subscribe
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2022 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
After-tax IRR, % $M USD  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 2, 2024

Total WorkforceYear
...... Subscription required 2022

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