United States securities and exchange commission logo April 13, 2023 Gregory D. Swan Chief Financial Officer IperionX Limited 129 W Trade Street, Suite 1405 Charlotte, NC 28202 Re: IperionX Limited Form 20-F for the Fiscal Year ended June 30, 2022 Filed August 26, 2022 File No. 001-41338 Dear Gregory D. Swan: We have reviewed your March 31, 2023 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our March 20, 2023 letter. Form 20-F for the Fiscal Year ended June 30, 2022 D. Property, Plant and Equipment Titan Project, page 42 1. Please expand the disclosures proposed in response to prior comment 3, regarding the individual heavy mineral prices, to also include the individual prices for all of the Rare Earth Elements (REE) that contribute to your REE concentrate price along with the percentage of each REE found in your typical concentrate sold. Section 11.8 - Cut-off Grade, page E-28 2. We note your response to prior comment 5 and the revisions proposed regarding disclosure of individual heavy mineral prices in the technical report summary. In addition to those changes, the individual prices for all of the Rare Earth Elements (REE) that Gregory D. Swan IperionX Limited April 13, 2023 Page 2 contribute to the REE concentrate price along with the percentage of each REE found in your typical concentrate sold, should be disclosed; Table 21 should also be modified to include the historical prices along with the spot prices and forecast prices utilized. Section 13.3 - Production Target and Mine Schedule, page E-32 3. We note your response to prior comment 7 including the proposed final mining limit map and LOM mine production schedule. The technical report summary should also include the mining schedules utilized in the cash flow analyses for mining both (i) indicated resources and (ii) indicated resources with inferred resources. Section 19 - Economic Analysis, page E-57 4. We note the revisions proposed in response to prior comment 10 regarding the cash flow analyses for the indicated resources and combined indicated and inferred resources. The cash flow analyses should be further revised to include the corresponding LOM production schedule (tonnage & grade) and a line item for royalties; and the results of the analyses should be described in the accompanying text with equal prominence. You may contact George K. Schuler, Mining Engineer, at (202) 551-3718 if you have questions regarding the engineering comments or Karl Hiller, Branch Chief, at (202) 551- 3686 with any other questions. FirstName LastNameGregory D. Swan Sincerely, Comapany NameIperionX Limited Division of Corporation Finance April 13, 2023 Page 2 Office of Energy & Transportation FirstName LastName