Igo Limited · ASX:IGO
Igo — Macquarie Western Australia Forum 2022
24 slides from Igo's conference presentation, Nov 28, 2022
Slide 1: Presentation to Macquarie Western Australia Forum
ASX RELEASE 28 November 2022 PRESENTATION TO MACQUARIE WESTERN AUSTRALIA FORUM For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the materials presented by Acting CEO, Matt Dusci, at the Macquarie Western Australia Forum which is being held in Perth thi
Slide 2: Macquarie Western Australia Forum
For personal use only Macquarie Western Australia Forum Matt Dusci – Acting Chief Executive Officer 28 November 2022 IGO LIMITED
Slide 3: Our Strategy
Our Strategy Our Purpose of Making a Difference has underpinned our strategy For personal use only Page 2
Slide 4: Our Portfolio
Our Portfolio Diverse, Australian based clean energy metals portfolio with a pipeline of growth For personal use only • Nova (Ni, Cu, Co) • Forrestania (Ni) Production • Greenbushes (Li2O) • Kwinana (LiOH) • Cosmos Development • Greenbushes (Expansion) • Kwinana (Train 2) • Silver Knight Studies • N
Slide 5: Key Recent Achievements
Key Recent Achievements A highly successful year For personal use only Delivered outstanding results from our lithium business Enhanced our nickel portfolio via the acquisition of Western Areas Progressed exploration and growth projects along the value curve Generated record financial results Mainta
Slide 6: FY22 Financial Results
FY22 Financial Results Building on our track record of strong financial performance For personal use only Revenue1 Underlying EBITDA (A$M) 889 915 903 717 778 784 460 475 413 422 339 341 138 151 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Net Profit After Tax (A$M) Underlyi
Slide 7: Our Priorities
Our Priorities Multiple catalysts to deliver in the near term For personal use only Continue to expand spodumene production capacity at Greenbushes including delivery of Chemical Grade Plant 3 Successfully ramp up lithium hydroxide production from Kwinana Complete development of Cosmos with first pr
Slide 8: Lithium Business
For personal use only Lithium Business Page 7
Slide 9: Greenbushes Lithium Mine
Greenbushes Lithium Mine World-class hard rock lithium operation For personal use only World’s largest, highest grade and lowest cost hard rock lithium operation 24+ year mine life with potential to transition to underground mining FY23 Production Guidance (kt): 1,350 – 1,450 FY23 Cost Guidance (A$/
Slide 10: Greenbushes
Greenbushes Strong progress toward delivering next phase of growth For personal use only Greenbushes – Growth in Processing Capacity (Mtpa spodumene) FY22 Achievements Expected Commissioning in CY27 Chemical Grade Plant 2 Fully ramped to nameplate Expected Commissioning 0.5 in CY25 Substantively ram
Slide 11: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Progressing toward commercial production from Train 1 For personal use only Battery grade product successfully produced from Train 1 with good conversion rates TLEA team have been diligently working through rectifications required to deliver improved plant availabi
Slide 12: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Lithium hydroxide capacity set to grow over the coming years For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%)(1) Option to add Train 3 Final Investment Decision on Train 2 expected imminently and 4 in the future Expected to 24ktpa 96ktpa co
Slide 13: Nickel Business
For personal use only Nickel Business Page 12
Slide 14: Our Nickel Business
Our Nickel Business Production, development, exploration and downstream studies For personal use only Nova Forrestania Cosmos Exploration Downstream High quality, low cost Operating underground High quality development Focused on discovery of Opportunity to value add nickel production asset nickel m
Slide 15: Nickel Business
Nickel Business Integration of Forrestania and Cosmos progressing to plan For personal use only Key Strategic Action Items IGO’s Nickel Portfolio Maximising value through optimisation and Integration leveraging synergies Cosmos Delivering a safe and sustainable project Securing new offtake agreement
Slide 16: Nova
Nova Consistency operational performance delivered a solid start to FY23 For personal use only Units 1Q23 YTD Guidance 1Q23 production in line with guidance, while cash costs were impacted by lower by-product pricing Nickel in concentrate t 6,572 6,000 – 6,750 Copper in concentrate t 2,805 2,750 – 3
Slide 17: Cosmos
Cosmos Project Revised Development Plan delivers a safe and sustainable operation For personal use only Cosmos – Underground Schematic Key Outcomes: • Expansion of process plant to 1.1Mtpa • Completion of shaft and infrastructure • Complete additional underground development (incl. AM6) • Strengthen
Slide 18: Downstream Nickel
Downstream Nickel Assessing the opportunity to become vertically integrated For personal use only Nickel & Copper Concentrates and/or MHP Feasibility Study underway with Wyloo Metals with completion expected by mid-2024 Significant opportunity to capture value and increase connectivity to battery an
Slide 19: Exploration & Discovery
For personal use only Exploration & Discovery Page 18
Slide 20: Exploration Strategy
Exploration Strategy Seeking to unlock the mines of the future For personal use only A$75M budget for FY23 across our extensive portfolio Primarily focused on nickel sulphide, sediment-hosted copper, lithium and rare earths Applying the best science, technology and expertise to unlock organic growth
Slide 21: Summary
For personal use only Summary Page 20
Slide 22: Our Priorities
Our Priorities Multiple opportunities to drive value and Make a Difference For personal use only Continue to ensure delivery of growth opportunities within our lithium business Maximise our nickel business through group synergies, offtake and operational excellence. Maintain our commitment to explor
Slide 23: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer For personal use only • This presentation has been prepared by IGO Limited (“IGO”) applications and approvals, construction, financing • Nickel cash costs are reported inclusive of royalties and after (ABN 46 092 786 304). It should not be considered as an offer ar
Slide 24: Making a Difference
For personal use only 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 cle