In connection with any filings under the U.S. Securities Act of 1933 (as amended, the “Securities Act”) or U.S. Exchange Act of 1934 (as amended, the “Exchange Act”) report and any amendment, supplement, or exhibit thereto, Etienne Raffaillac consents to:

The filing and use of the Technical Report Summary titled “[Titan Project - Technical Report Summary on Feasibility Study]” (the “TRS”) with an effective date on or about June 4, 2026;

The use of my name in connection with the TRS, including identification of such person as an expert or Qualified Person (as defined in Subpart 1300 of Regulation S-K promulgated by the Securities and Exchange Commission); and

The use of the information derived, summarized, quoted or reference from the TRS, or portions thereof, that were prepared by me, that I supervised the preparation of and/or that was reviewed or approved by me, that is reported or incorporated by reference into a Securities Act filing, including any registration statement or post-effective amendment filed pursuant to Rule 462(b) or Rule 462(e) under the Securities Act.

I have read and understood the requirements of the Regulation S-K 1300 Modernization of Property Disclosures.

I am a Qualified Person as defined by Regulation S-K, and to the activity for which I am accepting responsibility.

I have reviewed the TRS to which this Consent Statement applies.

I am an employee of Mineral Technologies Pty Ltd and have been engaged by IperionX to prepare the documentation for the Titan Project on which the TRS is based, for the period ending on or about June 4, 2026.

Section 1 - Executive Summary

Section 2 - Introduction

Section 10 - Mineral Processing and Metallurgical Testing

Section 14 - Processing and Recovery Methods

Section 22 - Interpretation and Conclusions

Section 23 - Recommendations

Section 24 - References

Section 25 - Reliance on Information Provided by the Registrant

The Reporting Company’s Reports filed under the Securities Act and Exchange Act for the next 12 months;

The Reporting Company’s Investor Presentations for the next 12 months;

The Reporting Company’s future press releases for the next 12 months, until such time that the TRS is superseded or this consent is otherwise withdrawn;

The Reporting Company’s exhibition booths at any conferences for the next 12 months; and

Any other releases, presentations and promotional material made by the Reporting Company during the next 12 months, until such time that the mineral processing and metallurgical testing, processing and recovery methods included in the TRS are superseded or this consent is otherwise withdrawn.