Igo Limited · ASX:IGO
Igo — Diggers & Dealers Mining Forum 2024
14 slides from Igo's conference presentation, Aug 5, 2024
Slide 1: ASX Release: Diggers and Dealers Mining Forum Presentation
ASX RELEASE 5 AUGUST 2024 DIGGERS AND DEALERS MINING FORUM PRESENTATION IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation which will be provided to the Diggers and Dealers Mining Forum which is being held in Kalgoorlie, Western Australia this week. IGO’s Man
Slide 2: Diggers & Dealers Mining Forum
Diggers & Dealers Mining Forum IGO Limited 5 August 2024 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 3: Is the future so uncertain?
Is the future so uncertain?..... IGO | Diggers & Dealers Mining Forum Page 2
Slide 4: What drives our conviction?
What drives our conviction? • Electric vehicles are a better product • Lithium is a commodity like no other • China’s significant investment in the supply chain and R&D IGO | Diggers & Dealers Mining Forum Page 3
Slide 5: And what are the challenges?
And what are the challenges? • Range anxiety remains key to take- up – requires shift in investment and consumer behaviour • Battery value chain and charging infrastructure rollout are critical ‒ China committed capacity double domestic requirement by 2030 ‒ Committed capacity ex-China sufficient to
Slide 6: EV market development
EV market development • Reliance on China • Shift between demand and supply market constraint 1 Global EV Sales limited 2 Global EV Sales 3 Potential for EVs to 4 Global EV Sales increasingly by Supply, including limited by Demand. surpass ICE on all forced by political mandates, production and supp
Slide 7: Growth in lithium demand…
Growth in lithium demand… Tonnes LCE 6,000 5,000 Non-battery end-uses will be well served by offspec material 4,000 Portable Electronics is forecast to grow similarly to GDP levels 3,000 ESS risks disruption from alternative technologies 2,000 Transportation is less likely to be disrupted owing to e
Slide 8: Supply is the big question…
Supply is the big question… New unfinanced projects 5.0M 90 80 required by 20351 4.5M 80 4.0M 70 3.5M 60 3.0M 50 2.5M 2.0M 40 76 80 69 1.5M 30 58 62 50 1.0M 20 33 0.5M 10 21 13 - - 4 Existing Financed Unfinanced Recycled Lithium Demand New Unfinanced Projects Required Source: Supply Chain Insights 2
Slide 9: IGO's advantage in lithium
IGO’s advantage in lithium World class asset – Greenbushes Greenbushes margins, realised prices and production costs • Lowest quartile costs, strong EBITDA margins 5,783 5,431 180% 5,000 • Expansion underway to ~2Mpta 3,792 3,984 3,740 160% 3,016 • Huge potential to optimise 140% 1,770 1,770 3,000 1
Slide 10: What about nickel?
What about nickel? IGO’s Focus • Indonesian laterites have ✓ Maximising cash from Nova fundamentally changed supply ✓ Refocusing our exploration • Demand outlook is strong, portfolio industrial, batteries, other ✓ Working through the option • Future projects will need to value at Cosmos compete agai
Slide 11: Our 2024 priorities – what we've delivered…
Our 2024 priorities – what we’ve delivered… 1 Enhancing Safety & Significant downward trend in TRIFR Sustainability 2 Strong production performance, improved JV arrangements eg. Greenbushes pricing 3 Improved operational reliability, although production rates remain Kwinana below expectation 4 Maxim
Slide 12: Our 2024 priorities – what's next…
Our 2024 priorities – what’s next… 1 Enhancing Safety & Maintaining momentum to reduce harm Sustainability 2 Continue to optimise, drive productivity and deliver key growth Greenbushes projects 3 Kwinana Major shutdown during 2Q25 to deliver next uplift in performance 4 Maximising Nickel Maximise ca
Slide 13: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) the necessary infrastructure. Where such a reference is made, • Lithium cash costs reported as COGS (cash costs of goods (ABN 46 092 786 304). It should not be considered as an offer it should be read sub
Slide 14: Making a Difference
We believe in a world where people power makes How? Developments in battery storage technology Making a amazing things happen. Where technology opens up new horizons and clean energy makes the planet a better place for generations to come. Our people are bold, passionate, fearless and fun – we are a