<SEC-DOCUMENT>0001140361-25-012670.txt : 20250408
<SEC-HEADER>0001140361-25-012670.hdr.sgml : 20250408
<ACCEPTANCE-DATETIME>20250408060117
ACCESSION NUMBER:		0001140361-25-012670
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20250408
FILED AS OF DATE:		20250408
DATE AS OF CHANGE:		20250408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IPERIONX Ltd
		CENTRAL INDEX KEY:			0001898601
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS METAL ORES [1090]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			C3
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41338
		FILM NUMBER:		25820068

	BUSINESS ADDRESS:	
		STREET 1:		129 W TRADE STREET
		STREET 2:		SUITE 1405
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		9802378900

	MAIL ADDRESS:	
		STREET 1:		129 W TRADE STREET
		STREET 2:		SUITE 1405
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Hyperion Metals Ltd
		DATE OF NAME CHANGE:	20211210
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20047053_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="font-weight: bold;"> <br>
    </div>
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    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
    <div style="text-align: center; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of the</div>
    <div style="text-align: center; font-weight: bold;">Securities Exchange Act of 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Date: April 8, 2025</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-size: 10pt; font-weight: bold;">Commission File Number:</font><font style="font-size: 10pt;">&#160;<font style="font-weight: bold;">001-41338</font></font></div>
    <div style="font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-weight: bold;"> <br>
        </font></font></div>
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    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">IperionX Limited</div>
    <div style="text-align: center; font-weight: bold;">(Translation of registrant&#8217;s name into English)</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 20%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">129 W Trade Street, Suite 1405</div>
    <div style="text-align: center; font-weight: bold;">Charlotte, North Carolina</div>
    <div style="text-align: center; font-weight: bold;">(Address of principal executive offices)</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div>
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      <div> <br>
      </div>
    </div>
    <div style="text-indent: 36pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div style="text-indent: 108pt; font-size: 14pt;"><font style="font-size: 10pt;">Form 20-F &#9746;&#160; &#160; Form 40-F &#9744;</font></div>
    <div style="font-size: 14pt;"><font style="font-size: 10pt;"> <br>
      </font></div>
    <div>
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div>The following exhibits are filed as part of this Form 6-K:</div>
    <div> <br>
    </div>
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            <div style="text-align: center;">Exhibit</div>
          </td>
          <td style="width: 5%; vertical-align: bottom;">&#160;</td>
          <td style="width: 87%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Description</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: bottom;">&#160;</td>
          <td style="vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: top;">
            <div><a href="ef20047053_ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 87%; vertical-align: top;">
            <div>Press Release</div>
          </td>
        </tr>

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    <div style="text-align: center; font-weight: bold;">SIGNATURE</div>
    <div> <br>
    </div>
    <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
    <table cellspacing="0" cellpadding="0" border="0" id="z16208c06cd24447883874c622f42feef" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="vertical-align: bottom;" colspan="2">
            <div>IPERIONX LIMITED</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="vertical-align: bottom;" colspan="2">
            <div>(registrant)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="vertical-align: bottom;" colspan="2">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">
            <div>Date: April 8, 2025</div>
          </td>
          <td style="width: 3%; vertical-align: bottom;">
            <div>By:<br>
            </div>
          </td>
          <td style="width: 47%; vertical-align: bottom;"><u>/s/ Marcela Castro</u></td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="vertical-align: bottom;" colspan="2">
            <div>Name: Marcela Castro</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: bottom;">&#160;</td>
          <td style="vertical-align: bottom;" colspan="2">
            <div>Title:&#160;&#160; Chief Financial Officer</div>
          </td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20047053_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="font-weight: bold; text-align: right;">Exhibit 99.1<br>
  </div>
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                <div style="color: rgb(0, 37, 84); font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">PRESS RELEASE</font><font style="font-size: 10pt;"> | NASDAQ: IPX | ASX: IPX</font></div>
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                <div>&#160;</div>
              </td>
              <td style="width: 50.00%;">
                <div>
                  <div style="text-align: right; color: rgb(0, 37, 84); font-style: italic;">April 8, 2025</div>
                </div>
              </td>
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      <div><br>
      </div>
      <div style="text-align: center; font-style: normal; font-weight: bold;">IPERIONX COMMENCES TITAN CRITICAL MINERALS PROJECT DEFINITIVE FEASIBILITY STUDY WITH U.S. GOVERNMENT <font style="font-weight: normal;"><font style="font-weight: bold;">SUPPORT</font>
        </font></div>
      <div style="font-weight: normal; font-style: normal;">&#160;</div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z72470a584e2b47d0b7a378ece53750cc">

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              <td style="width: 13.5pt; vertical-align: top; text-align: right; font-weight: normal; font-style: normal;">
                <div style="text-align: center; color: rgb(23, 23, 23);">&#9632;</div>
              </td>
              <td style="width: auto; vertical-align: middle; font-weight: normal; font-style: normal;">
                <div style="color: rgb(23, 23, 23); text-align: justify;">Definitive Feasibility Study (DFS) is underway at the Titan Critical Minerals Project in Tennessee &#8211; the largest U.S. mineral resource of titanium, zircon and rare earth mineral
                  sands</div>
              </td>
            </tr>

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        <div> <br>
        </div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc096d99827014bd190dcddb93a8c778e">

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                <div style="text-align: center; color: rgb(23, 23, 23);">&#9632;</div>
              </td>
              <td style="width: auto; vertical-align: middle; font-weight: normal; font-style: normal;">
                <div style="color: rgb(23, 23, 23); text-align: justify;">The DFS is a major step toward developing a fully integrated, mineral-to-metal U.S. titanium supply chain</div>
              </td>
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        <div> <br>
        </div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z04e974bbd8364b629e123c7f29bb8397">

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              <td style="width: 13.5pt; vertical-align: top; text-align: right; font-weight: normal; font-style: normal;">
                <div style="text-align: center; color: rgb(23, 23, 23);">&#9632;</div>
              </td>
              <td style="width: auto; vertical-align: middle; font-weight: normal; font-style: normal;">
                <div style="color: rgb(23, 23, 23); text-align: justify;">The DFS is part-funded through IperionX&#8217;s U.S. Government award to re-shore a &#8216;mineral-to-metal' U.S. titanium supply chain. U.S. Government funding awarded to IperionX since January
                  2023 now totals over US$60 million.</div>
              </td>
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        <div> <br>
        </div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z236974df2aa14080a77e5b3623c634ba">

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              <td style="width: 13.5pt; vertical-align: top; text-align: center; font-weight: normal; font-style: normal;">&#9632;</td>
              <td style="width: auto; vertical-align: middle; font-weight: normal; font-style: normal;">
                <div style="color: rgb(23, 23, 23); text-align: justify;">The Titan Project also has the potential to become the largest domestic source of critical heavy rare earth elements &#8211; dysprosium and terbium &#8212; essential for advanced technologies
                  and national defense </div>
              </td>
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        <div> <br>
        </div>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5493f71763854d0eaa2ab70d5f7838f9">

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              <td style="width: 13.5pt; vertical-align: top; text-align: right; font-weight: normal; font-style: normal;">
                <div style="text-align: center; color: rgb(23, 23, 23);">&#9632;</div>
              </td>
              <td style="width: auto; vertical-align: middle; font-weight: normal; font-style: normal;">
                <div style="color: rgb(23, 23, 23); text-align: justify;">IperionX&#8217;s Virginia Titanium Production Facility remains on track for successful ramp-up through 2025 </div>
              </td>
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      </div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: justify; color: #171717;"><font style="font-weight: bold;"> <br>
        </font></div>
      <div style="text-align: justify; color: #171717;"><font style="font-weight: bold;">IperionX Limited (NASDAQ: IPX, ASX: IPX) (IperionX)</font> is pleased to announce the commencement of a Definitive Feasibility Study for its Titan Critical Minerals
        Project in Tennessee &#8211; the largest mineral resource (reported in accordance with the JORC Code) of titanium, rare earth, and zircon mineral sands in the United States.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717;">This final phase of feasibility is partly funded by an allocation from IperionX&#8217;s recent U.S. Government award of US$47.1 million, underscoring the strategic significance of the Titan Project in
        securing a fully integrated, U.S.-based 'mineral-to-metal' titanium supply chain. U.S. Government funding awarded to IperionX since January 2023 now totals over US$60 million.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717;">The DFS is expected to be completed by Q2 2026 and will include detailed mine engineering, processing flowsheet and infrastructure design. This study marks a major step in advancing the Titan Project
        towards production.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717;">As a leading fully permitted critical minerals project in the U.S., the Titan Project is uniquely positioned to supply low-cost, domestic critical mineral feedstocks to support future large-scale
        expansions of IperionX&#8217;s titanium production, enhancing the strength and resilience of the U.S. titanium supply chain. It also hosts significant quantities of light and heavy rare earth elements - including dysprosium and terbium - that are vital
        for advanced technologies and defense systems. The Titan Project has attracted significant interest from potential strategic and commercial partners seeking secure, long term supplies of U.S. sourced critical minerals.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717;">IperionX remains on-track for the successful ramp-up of its Titanium Production Facility in Virginia. The balance of the US$47.1 million U.S. Government funding awarded to IperionX in 2025 has also
        enabled the commencement of engineering and design activities for expanded titanium metal production. Further details of these titanium production expansion plans are expected by mid-2025.</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717;">As the U.S. Government intensifies efforts to re-shore manufacturing and strengthen supply chain independence, IperionX is strategically positioned to create long-term value &#8212; providing a secure,
        sustainable, and low-cost domestic supply of titanium and critical minerals essential to American industry. </div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717; font-weight: bold;">Anastasios (Taso) Arima, CEO of IperionX, said:</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717;">&#8220;The commencement of the DFS at the Titan Project marks a major milestone for IperionX and the future of American critical mineral independence. The Titan Project is a nationally strategic critical
        minerals asset, uniquely positioned to support the United States' industrial and defense priorities.&#160; We are proud to be building the foundation of a secure, sustainable, and fully domestic titanium supply chain &#8211; from minerals to finished titanium
        metal."</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717; font-style: italic; font-weight: bold;">This announcement has been authorized for release by the CEO and Managing Director. </div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717; font-style: italic; font-weight: bold;">For further information and enquiries please contact:</div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #171717; font-weight: bold;"><font style="font-style: italic;">info@iperionx.com&#160;</font><br>
        +1 980 237 8900</div>
      <div>&#160;</div>
      <div> </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z0f8ce787e9a3493abb9068a5a11936f2">

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                <div style="text-align: justify; color: rgb(0, 37, 84); font-weight: bold;">North Carolina</div>
              </td>
              <td style="width: 22%; vertical-align: middle;">
                <div style="text-align: justify; color: rgb(0, 37, 84); font-weight: bold;">Tennessee</div>
              </td>
              <td style="width: 22%; vertical-align: middle;">
                <div style="text-align: justify; color: rgb(0, 37, 84); font-weight: bold;">Virginia</div>
              </td>
              <td style="width: 26%; vertical-align: middle;">
                <div style="text-align: justify; color: rgb(0, 37, 84); font-weight: bold;">Utah</div>
              </td>
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              <td style="width: 30%; vertical-align: middle;">
                <div style="text-align: justify; color: rgb(111, 114, 113);">129 W Trade Street, Suite 1405 </div>
                <div style="text-align: justify; color: rgb(111, 114, 113);">Charlotte, NC 28202</div>
              </td>
              <td style="width: 22%; vertical-align: middle;">
                <div style="text-align: justify; text-indent: -180pt; margin-left: 180pt; color: rgb(111, 114, 113);">279 West Main Street</div>
                <div style="text-align: justify; text-indent: -180pt; margin-left: 180pt; color: rgb(111, 114, 113);">Camden, TN 38320</div>
              </td>
              <td style="width: 22%; vertical-align: middle;">
                <div style="text-align: justify; text-indent: -180pt; margin-left: 180pt; color: rgb(111, 114, 113);">1092 Confroy Drive </div>
                <div style="text-align: justify; text-indent: -180pt; margin-left: 180pt; color: rgb(111, 114, 113);">South Boston, VA 24592</div>
              </td>
              <td style="width: 26%; vertical-align: middle;">
                <div style="text-align: justify; color: rgb(111, 114, 113);">1782 W 2300 S</div>
                <div style="text-align: justify; color: rgb(111, 114, 113);">West Valley City, UT 84119</div>
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      <div style="font-weight: bold;">About IperionX </div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #161616;">IperionX is a leading American titanium metal and critical materials company &#8211; using patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium,
        at lower energy, cost and carbon emissions. </div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #161616;">Our Titan critical minerals project is the largest JORC-compliant mineral resource of titanium, rare earth and zircon minerals sands in the United States. </div>
      <div>&#160;</div>
      <div style="text-align: justify; color: #161616;">IperionX&#8217;s titanium metal and critical minerals are essential for advanced U.S. industries including space, aerospace, defense, consumer electronics, hydrogen, automotive and additive manufacturing. </div>
    </div>
    <div><br>
    </div>
    <div> </div>
    <div>
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          <tr>
            <td style="width: 100%; vertical-align: top; background-color: rgb(217, 217, 217); border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
              <div style="text-align: justify; color: rgb(0, 0, 0); font-style: italic; font-weight: normal;">
                <div style="font-style: italic; font-weight: bold; background-color: rgb(217, 217, 217); color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">Forward Looking Statements</div>
                <font style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;">&#160;</div>
                <font style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div>
                  <div style="font-style: italic; background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">Information included in this release constitutes forward-looking
                    statements. Often, but not always, forward looking statements can generally be identified by the use of forward-looking words such as &#8220;may&#8221;, &#8220;will&#8221;, &#8220;expect&#8221;, &#8220;intend&#8221;, &#8220;plan&#8221;, &#8220;estimate&#8221;, &#8220;anticipate&#8221;, &#8220;continue&#8221;, and &#8220;guidance&#8221;, or
                    other similar words and may include, without limitation, statements regarding plans, strategies and objectives of management, anticipated production or construction commencement dates and expected costs or production outputs. </div>
                  <font style="font-weight: normal;"> </font>
                  <div style="background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;">&#160;</div>
                  <font style="font-weight: normal;"> </font>
                  <div style="font-style: italic; background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">Forward looking statements inherently involve known and unknown risks,
                    uncertainties and other factors that may cause the Company&#8217;s actual results, performance, and achievements to differ materially from any future results, performance, or achievements. Relevant factors may include, but are not limited to,
                    changes in commodity prices, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, including the risks of
                    obtaining necessary licenses and permits and diminishing quantities or grades of reserves, the Company&#8217;s ability to comply with the relevant contractual terms to access the technologies, commercially scale its closed-loop titanium
                    production processes, or protect its intellectual property rights, political and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including
                    extreme weather conditions, recruitment and retention of personnel, industrial relations issues and litigation.</div>
                  <font style="font-weight: normal;"> </font>
                  <div style="background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;">&#160;</div>
                  <font style="font-weight: normal;"> </font>
                  <div style="font-style: italic; background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">Forward looking statements are based on the Company and its management&#8217;s
                    good faith assumptions relating to the financial, market, regulatory and other relevant environments that will exist and affect the Company&#8217;s business and operations in the future. The Company does not give any assurance that the
                    assumptions on which forward looking statements are based will prove to be correct, or that the Company&#8217;s business or operations will not be affected in any material manner by these or other factors not foreseen or foreseeable by the
                    Company or management or beyond the Company&#8217;s control.</div>
                  <font style="font-weight: normal;"> </font>
                  <div style="background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;">&#160;</div>
                  <font style="font-weight: normal;"> </font></div>
                <font style="background-color: rgb(217, 217, 217); font-weight: normal; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div style="font-style: italic; font-weight: normal; background-color: rgb(217, 217, 217); color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">Although the Company attempts and has attempted to identify factors that
                  would cause actual actions, events or results to differ materially from those disclosed in forward looking statements, there may be other factors that could cause actual results, performance, achievements, or events not to be as
                  anticipated, estimated or intended, and many events are beyond the reasonable control of the Company. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Forward looking statements in these
                  materials speak only at the date of issue. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, in providing this information the Company does not undertake any obligation to publicly
                  update or revise any of the forward-looking statements or to advise of any change in events, conditions or circumstances on which any such statement is based.</div>
                <font style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div style="font-weight: bold; background-color: rgb(217, 217, 217); color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;">&#160;</div>
                <font style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div style="font-style: italic; font-weight: bold; background-color: rgb(217, 217, 217); color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">Competent Persons Statement </div>
                <font style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div style="font-weight: bold; background-color: rgb(217, 217, 217); color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;">&#160;</div>
                <font style="background-color: rgb(217, 217, 217); font-weight: bold; color: rgb(111, 114, 113); font-style: italic; font-variant: normal; text-transform: none;"> </font>
                <div style="font-style: italic; font-weight: normal; background-color: rgb(217, 217, 217); color: rgb(111, 114, 113); font-variant: normal; text-transform: none;">The information in this announcement that relates to Exploration Results and
                  Mineral Resources is extracted from IperionX&#8217;s ASX Announcement dated October 6, 2021 (&#8220;Original ASX Announcement&#8221;) which is available to view at IperionX&#8217;s website at www.iperionx.com. The Company confirms that a) it is not aware of any
                  new information or data that materially affects the information included in the Original ASX Announcement; b) all material assumptions and technical parameters underpinning the Mineral Resource Estimate included in the Original ASX
                  Announcement continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons&#8217; findings are presented in this report have not been materially changed from the Original ASX
                  Announcement.</div>
                <div>&#160;</div>
              </div>
            </td>
          </tr>

      </table>
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    <div>
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      <br>
      <div style="text-align: right;"><font style="font-size: 8pt; color: rgb(0, 0, 0); font-weight: normal; font-style: normal;" class="BRPFPageNumber">2</font></div>
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