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 fully permitted Titan Project is one of the largest titanium, zirconium and rare earth minerals deposits in North America.

The Titan Project can play a pivotal role in reducing America’s acute reliance on critical mineral imports and re-build a sustainable domestic supply chain that is essential for advanced U.S. industries. Once operational, this world-class asset will supply critical minerals including titanium, zircon, and rare earth minerals for decades.

Titan Project technical studies (PFS and / or Feasibility Study) are anticipated to be advanced and completed following the culmination of the below activities:
• Completion of Green RutileTM pilot process design studies, for full integration into the final Titan Project PFS and / or Feasibility Study;
• Potential U.S. Government funding opportunities, including a recently submitted application to co-fund the Titan Project;
• Potential funding and product offtake options from strategic investors.

Owners

SourceSource
CompanyInterestOwnership
IperionX Ltd. 100 % Direct
The Titan project is owned by IperionX Critical Minerals, LLC., a wholly owned subsidiary of IperionX Limited.

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 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 finer grained lower member of the McNairy Formation to the coarser grained upper member of the McNairy Formation.

The primary mineralized zone at the Project is hosted stratigraphically in the lower member of the McNairy Formation, which dips gently to the west in the Project area. The upper member is also mineralized in some areas at the Project and is at times separated from the lower zone by a barren coarse sand. Mineralization in both members had been traced at the Report date, for 6.2 km along strike.

The base of mineralization ranges in relative level from 90–110 m above current sea level. Mineralization varies from 6–51 m thick and averages 31 m in thickness and is generally made up of large thicknesses of stacked laminations of HMs; however, some more massive mineralization is present where individual laminations are not present. The primary minerals associated with the mineralized horizons are altered ilmenite, zircon, rutile, staurolite, kyanite, monazite and xenotime with some variation in the proportion of these minerals between the upper and lower zones. Generally, the finer-grained lower zone contains more higher-value HMs including rutile, zircon, monazite, and xenotime than the upper coarser-grained zone. The gangue minerals are predominantly quartz and clays. Though extensive basement faulting is present in the region, it does not appear to impact the sedimentary stratigraphy at the scale of this project.

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

CurrencyAverage
OP mining costs ($/t milled) USD  ....  Subscribe
Processing costs ($/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
Closure costs $M USD  ......  Subscribe
Gross 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 Jun 29, 2022
....................... Subscription required ....................... Subscription required Subscription required Jan 31, 2025

Total WorkforceYear
...... Subscription required 2022

Aerial view:

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