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  "docSlug": "2ce2200974d3",
  "documentTitle": "IperionX Ltd. (IPX)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-11-12 00:00:00",
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  "pageNumber": 56,
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  "notes": "The slide uses a table to perform a reconciliation analysis, identifying a 136.6 acre gap.",
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      "text": "We cannot reconcile the Company's acreage claims from the 2025 public records in Henry and Carroll counties of Tennessee. We also checked nearby counties but could not identify the missing acreage.",
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      "text": "We cannot reconcile the Company’s acreage claims from the 2025 public records in Henry and Carroll counties of Tennessee. We also checked nearby counties but could not identify the missing acreage.",
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      "text": "1) Based on reported calculated acres\nSource: Carroll and Henry County Trustee records and TN Comptroller of The Treasury (Carroll and Henry)",
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      "text": "We Cannot Reconcile IPX’s Acreage Reporting",
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