Igo Limited · ASX:IGO
Igo — BMO Global Metals, Mining and Critical Minerals Conference 2024
14 slides from Igo's conference presentation, Feb 27, 2024
Slide 1: ASX Release: Presentation to BMO Conference
ASX RELEASE 27 February 2024 PRESENTATION TO BMO GLOBAL METALS, MINING AND CRITICAL MINERALS CONFERENCE IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided to the BMO Global Metals, Mining and Critical Minerals Conference. IGO’s Managing Director and
Slide 2: BMO Global Metals, Mining and Critical Minerals Conference
BMO Global Metals, Mining and Critical Minerals Conference IGO Limited Ivan Vella – Managing Director & CEO February 2024 IGO LIMITED IGO | ASX: LIMITED IGO
Slide 3: Our Strategy
Our Strategy Aligned to our purpose – Making a Difference To be a globally relevant supplier of products critical to the clean energy transition Diverse suite of products Made safely, ethically, sustainably and reliably Vertically Integrated Linking upstream and downstream into the supply chain Net
Slide 4: Critical Minerals Landscape
Critical Minerals Landscape Markets are relatively immature and are evolving rapidly Volatility in critical minerals is likely to persist given complexities related to: • Geography • Geopolitics & government involvement • Technological complexity and evolution • Resource characteristics • Downstream
Slide 5: Key Priorities in 2024
Key Priorities in 2024 Clear focus on high impact drivers to deliver value Enhancing Safety & Maximising value Supporting the Optimising our nickel Diligently managing Sustainability from Greenbushes Kwinana Refinery business growth • Improving safety • Working with our • Collaborating closely • Dri
Slide 6: Safety
Safety Our priority focus area Lag Safety Performance 10 25.0 9 19.5 17.6 Board and management are laser focused on improving safety 8 17.6 17.8 16.7 16.0 20.0 7 14.6 performance across our business 6 12.7 12.7 12.7 11.6 12.0 15.0 5 4 9 10.0 3 6 5 5 2 4 4 4 5.0 3 3 1 2 2 2 0 0.0 Lag and lead safety
Slide 7: Greenbushes
Greenbushes Robust production performance in 1H24, strong EBITDA margins of 90% Greenbushes production and cash performance1 1H24 Performance2 450 400 357 350 1H24 EBITDA: $A3.2B 400 300 1H24 EBITDA Margin: 90% 271 262 253 250 350 224 226 214 215 205 200 185 300 414 FY24 production expected to be 1,
Slide 8: Greenbushes
Greenbushes Multiple strategic growth projects Greenbushes Processing Capacity Expansions1 Processing Capacity Expanding processing capacity to deliver higher production rates 2,500,000 520ktpa Chemical Grade Plant 4 (520ktpa) (Subject to FID) Improving efficiencies via new mining Mining Capacity co
Slide 9: Kwinana Refinery
Kwinana Refinery Supporting our partner Tianqi, as we work through a challenging ramp up Successfully producing battery grade lithium hydroxide product and qualifying customers Close collaboration with Tianqi to resolve technical issues and improve production performance IGO Limited | BMO Global Met
Slide 10: Nickel Business
Nickel Business Maximising cash flow through the current market conditions Nova • Low-cost production asset delivering margins through the cycle • 1H24 EBITDA Margin: 53% • 1H24 Cash costs: A$4.18/lb (US$2.73/lb1) Forrestania • Mature asset with ~12 months of mine life • Production hedged at ~US$20,
Slide 11: Consolidation and Growth
Consolidation and Growth Supporting our exploration team to unlock new discoveries Belt scale projects across highly prospective terrains, targeting nickel, copper, lithium and rare-earth discoveries Reviewing project rankings and prioritising investment to high impact targets Leveraging our excepti
Slide 12: Summary
Summary Well positioned and disciplined, with a diligent and committed approach to delivery Purpose & Strategy Focused on creating a better planet for future generations by discovering, Ambition & Culture developing and delivering products critical to clean energy. Outstanding Platform IGO Limited |
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
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
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