SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person* Hannigan Todd (Last) (First) (Middle) 1092 CONFROY DRIVE (Street) SOUTH BOSTON VIRGINIA 24592 (City) (State) (Zip) UNITED STATES (Country)	2. Issuer Name and Ticker or Trading Symbol IPERIONX Ltd [ IPX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Executive Chairman
	2a. Foreign Trading Symbol
	3. Date of Earliest Transaction (Month/Day/Year) 04/28/2026	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person
	4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares(1)	04/28/2026		P		220,000	A	$4.4819(2)(3)	25,848,334	D
Ordinary Shares(4)	04/29/2026		P		260,000	A	$4.1991	26,108,334	D
Restricted Stock Units (RSUs)								454,464(5)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights (A$6)	$6(2)							04/10/2029	04/10/2030	Ordinary Shares	306,302		306,302	D
Performance Rights (A$7)	$7(2)							04/10/2029	04/10/2030	Ordinary Shares	306,302		306,302	D
Performance Rights (A$8)	$8(2)							04/10/2029	04/10/2030	Ordinary Shares	306,302		306,302	D
Performance Rights (A$18)	$18(2)							04/02/2030	04/02/2031	Ordinary Shares	196,086		196,086	D
Options (A$18)	$18(2)							04/02/2030	04/02/2031	Ordinary Shares	465,410		465,410	D
Options (A$22)	$22(2)							04/02/2030	04/02/2031	Ordinary Shares	526,760		526,760	D
American Depository Shares(6)(7)	(7)							(7)	(7)	Ordinary Shares	500,000		50,000	D

Explanation of Responses:

1. Ordinary Shares are traded on the Australian Stock Exchange

2. Australian dollars

3. average purchase price

4. American Depository Shares (ADS) are traded on the NASDAQ. One ADS is convertible into 10 ordinary shares (ordinary shares are traded on the Australian Stock Exchange).

5. 159,334 vest in December 2026; 295,130 vest in April 2028

6. ADS are traded on the Nasdaq.

7. One ADS is equivalent and exchangeable into Ten Ordinary Shares

	Michael Spath, Attorney-in-fact for Todd Hannigan	04/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)