Slide 1: 2Q25 Results Presentation
2Q25 Results Presentation IGO Limited Page 1 IGO Limited | 30 January 2025
Slide 2: Overview
Overview Greenbushes delivered strong performance, while Nova challenges drove softer financial results Consistent safety performance with a slight decrease in TRIFR to 11.3 (from 11.4) Safety Improvement in leading safety indicators and focus on infield safety interactions Greenbushes continu
Slide 3: Greenbushes
Greenbushes Reliable, high margin production continues in parallel with growth and optimisation 100% basis Units 2Q25 1Q25 QoQ FY25 YTD FY25 Guidance Spodumene Production kt 392 406 ▼3% 798 1,350 – 1,550 Spodumene Sales kt 312 392 ▼20% 704 Not guided Cash Costs (Production)1 A$/t 324 277 ▲17% 300 32
Slide 4: Kwinana
Kwinana Ramp up challenges continue 100% basis Units 2Q25 1Q25 QoQ FY25 YTD YTD Guidance Lithium Hydroxide Production t 1,593 1,502 ▲6% 3,095 Not guided EBITDA A$M (106) (56) n/a (161) Not guided • Major shutdown in October has delivered uplift in daily production rate, but not yet delivered to targ
Slide 5: Nova
Nova Nova challenged by grade and recovery Units 2Q25 1Q25 QoQ FY25 YTD FY25 Guidance Nickel Production t 3,393 3,692 ▼8% 7,085 16,000 – 18,000 Copper Production t 1,349 1,743 ▼23% 3,092 6,250 – 7,250 Sales Revenue A$M 102 101 ▲1% 203 Not guided Cash cost (payable)1 A$/lb Ni 7.35 6.50 ▲13% 6.91 4.80
Slide 6: Financial Results
Financial Results Softer financial result reflects lower Greenbushes sales, spodumene prices and unrealized foreign exchange losses Units 2Q25 1Q25 QoQ YTD Sales Revenue A$M 132 143 ▼8% 275 Share of Net Profit/(Loss) of TLEA A$M (57) 37 ▼253% (20) Underlying EBITDA1 A$M (79) (3) N/A (82) Underlying
Slide 7: Summary
Summary Strong operating performance at Greenbushes; Nova challenges Safety Strong emphasis on lead indicator and critical risk programs Greenbushes Continued focus on optimisation and growth, with CGP3 construction progressing well LHP2 cessation reflects LHP1 experience and challenges of lit
Slide 8: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN Competent Persons' Statements included in periodic and• Lithium cash costs (production) are reporting inclusive of mining, 46 092 786 304). It should not be considered as an offer or continuous discl
Slide 9: Contact
Contact Investors & Media Richard Glass Head of Corporate Affairs & Investor Relations T:+61 8 9238 8300 E: Richard.glass@igo.com.au IGO Limited | December Quarterly Activities Report
Slide 10: Making a Difference
Making a We believe in a world where people power makes How? Developments in battery storage technology amazing things happen. are enabling the full potential of renewable energy to be realised, by allowing energy produced from the Where technology opens up new horizons and clean sun, wind and other