Igo Limited · ASX:IGO
Igo — Paydirt Battery Minerals Conference 2021
25 slides from Igo's conference presentation, Jun 2, 2021
Slide 1: Presentation to Paydirt Battery Minerals Conference (ASX release)
ASX RELEASE 2 June 2021 PRESENTATION TO PAYDIRT BATTERY MINERALS CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided by Chief Operating Officer, Matt Dusci, to the Paydirt Battery Minerals Conference being held in Pert
Slide 2: IGO Limited Paydirt Battery Minerals Conference
For personal use only IGO Limited Paydirt Battery Minerals Conference 2 June 2021
Slide 3: Our Strategy: Aligned to Clean Energy Metals
Our Strategy Aligned to Clean Energy Metals For personal use only Globally Relevant Vertically Integrated large scale, high quality asset portfolio supplying products upstream metal production and critical to clean energy downstream processing with connectivity to end users High-quality and Diverse
Slide 4: Clean Energy Metals
Clean Energy Metals Nickel, copper and lithium to benefit most from clean energy revolution For personal use only Renewable Energy Generation Renewable Energy Storage Electrification of Transport Ni Cu Li Nickel Copper Lithium 3
Slide 5: Nickel
Nickel EV driven battery demand has significant implications for nickel demand For personal use only Class 1 Nickel Supply and Demand Outlook1 kt Nickel dominant cathode chemistries to remain 2,500 technology of choice for US/EU markets 2,000 1,500 Laterite to nickel sulphate conversion processes in
Slide 6: Lithium
Lithium EV demand has significant implications for lithium demand For personal use only Global Lithium Market Balance (kt LCE)2 kt LCE Months of supply Lithium is a critical raw material for all battery 100 8.0 chemistries 6.0 0 4.0 -100 2.0 -200 - Lithium demand from electric vehicles expected to a
Slide 7: Our Portfolio
Our Portfolio Portfolio of high quality operating and exploration assets aligned to clean energy For personal use only • Australia’s lowest cost nickel Ni Nova sulphide operation (Cu + Co) IGO 100% • Track record of consistent production and cost control • World’s largest, highest grade and Greenbus
Slide 8: Sustainability
Sustainability Strong focus on sustainability because it’s the right thing to do For personal use only Strong ESG brand developed through industry leading performance and disclosure Focus on decarbonisation through clean energy generation at Nova Dow Jones Sustainability S&P Global 2021 Index Austra
Slide 9: Nova
For personal use only Nova 8
Slide 10: Nova Operation
Nova Operation Australia’s lowest cost nickel sulphide operation For personal use only On track to deliver at top end of production guidance for FY21 Nickel Production (FY21 YTD) 21,115t (in concentrate) FY21 Cash cost guidance improved by 29%1 A$1.80 – A$2.10/lb Ni (payable) Underlying Free Cash Fl
Slide 11: Nova Operation: Ongoing focus on improving costs and productivity
Nova Operation Ongoing focus on improving costs and productivity For personal use only Nova Production & Cash Costs A$/lb Tonnes 9,000 $3.00 $2.70 8,000 $2.25 $2.50 7,000 $2.10 6,000 $2.00 $1.83 5,000 $1.50 4,000 7,276 7,024 6,816 3,000 7,181 $1.00 3,210 3,278 3,171 3,035 2,000 $0.50 1,000 0 $- 4Q20
Slide 12: Transformational Investment in Lithium Joint Venture
For personal use only Transformational Investment in Lithium Joint Venture 11
Slide 13: Transformational Lithium Transaction
Transformational Lithium Transaction New joint venture into Tianqi’s world class Australian lithium assets For personal use only Pro-forma Ownership Structure IGO is acquiring an indirect 25% interest in Greenbushes and a 49% interest in Tianqi’s Kwinana Lithium Hydroxide Refinery 51% 49% 49% 51% Li
Slide 14: World class lithium assets
World class lithium assets Delivering quality, scale, long mine life, solid ESG credentials and alignment to clean energy For personal use only Greenbushes Kwinana World’s lowest cost and highest grade hard First fully automated LiOH plant rock lithium mine1 Greenbushes CGP2 Kwinana LiOH Plant 1. CR
Slide 15: Greenbushes Lithium Mine
Greenbushes Lithium Mine Asset quality in a league of its own - underpinned by resource size and grade For personal use only Spodumene Concentrate Cash Cost Curve1 (2019 Cash Costs, US$/t Concentrate) “Cycle Proof” World’s lowest cost & highest grade hard rock lithium mine4 Lowest average annual pri
Slide 16: Greenbushes - Growth Optionality
Greenbushes - Growth Optionality Low cost, brownfield opportunities to increase production to 2.5Mtpa For personal use only Expansion Potential at Greenbushes2 Expansion Plans (100% basis) Chemical Grade Concentrate Production Capacity Potential Commissioning Date Sustaining (Mtpa) Potential Product
Slide 17: Kwinana Battery Grade LiOH Plant
Kwinana Battery Grade LiOH Plant First mover in Australia with premium off-takers and supply chain visibility For personal use only Lithium Hydroxide Economic Cost Curve (Operating and Committed Projects)2 Australia’s 1st LiOH Plant1 (2025 Business Costs, US$/t LiOH) designed for Greenbushes feedsto
Slide 18: Kwinana – Growth Optionality
Kwinana – Growth Optionality Flexibility to respond to changes in demand for spodumene concentrate and lithium hydroxide For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Kwinana Construction Capital Profile (100% basis) 24.0 96.0 Kwinana Construction Capital Profile (100% ba
Slide 19: Transaction Timeline
Transaction Timeline Key transaction milestones For personal use only Completion of Transaction A$707M Institutional Office of State approved by Tianqi Placement & Revenue Approval Shareholders Entitlement Offer 18 December 2020 5 January 2021 Late February 2021 Transaction Transaction Announcement
Slide 20: Exploration
For personal use only Exploration 19
Slide 21: Exploration Strategy
Exploration Strategy Focused on unlocking transformational value and sustainable growth For personal use only Targeting high value nickel and copper deposits – aligned to clean energy metals strategy Utilising best in class generative geoscience and geophysics Belt-scale land packages acquired throu
Slide 22: Summary
For personal use only Summary 21
Slide 23: Concluding Comments
Concluding Comments FY19 and 4Q19 Highlights Transformation into a clean energy metals business continues For personal use only Nova continuing to perform in line with Tianqi lithium transaction progressing expectations toward completion Tropicana strategic review concludes with Exploration teams en
Slide 24: Making a Difference
For personal use only We believe in a world where people power makes amazing things happen. Where technology opens up new horizons and clean energy makes the planet a better place for every generation to come. We are bold, passionate, fearless and fun - a smarter, kinder, more innovative company. Ou
Slide 25: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or For personal use only as an inducement to make an offer or invitation with