Igo Limited · ASX:IGO
Igo — Diggers & Dealers Mining Forum 2022
33 slides from Igo's conference presentation, Aug 2, 2022
Slide 1: Diggers and Dealers Mining Forum Presentation (ASX Release)
ASX RELEASE 2 August 2022 DIGGERS AND DEALERS MINING FORUM PRESENTATION For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach the presentation materials which will be used at the Diggers and Dealers Mining Forum being held in Kalgoorlie this week. Managing Director a
Slide 2: IGO Limited 2022 Diggers & Dealers Mining Forum
For personal use only IGO Limited 2022 Diggers & Dealers Mining Forum 2 August 2022
Slide 3: 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 as an inducement to make an offer or invitation with respect to those secu
Slide 4: Welcome
Welcome We are contributing to a better planet for future generations For personal use only Our continuing transformation Our portfolio of high-quality assets Our great team and a great culture Our approach to sustainability Conclusion 3 3
Slide 5: Our Continuing Transformation
For personal use only Our Continuing Transformation 4
Slide 6: Our Purpose
Our Purpose We are a purpose led, values-based business We believe in a world where people power makes amazing things happen. For personal use only 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
Slide 7: Achieving a Net Zero Scenario
Achieving a Net Zero Scenario Net Zero Scenario is required to keep global temperature rise below 1.5º For personal use only Global Emissions by Scenario, 2000-2050 (Gt CO2-eq) 70 Actual CO2 and other gases cause a Pre-Paris greenhouse effect 60 Paris 2015 Glasgow Pledges 50 Net Zero The greenhouse
Slide 8: Renewable Energy
Renewable Energy Step change in renewable energy and electrification required to deliver Net Zero Scenario For personal use only Renewable Energy Additions (GW)1 EV Sales (million Units)1 1,400 70 1,200 60 1,000 50 800 40 600 30 400 20 200 10 0 0 2020 2030 NZS 2020 2021 2030 NZS Source: iea.org (NZS
Slide 9: Our Strategy
Our Strategy Our Purpose of Making a Difference has underpinned our strategy For personal use only 8
Slide 10: Our Portfolio Transformation
Our Portfolio Transformation Key transactions have delivered a 100% clean energy metals focused portfolio For personal use only Tianqi Lithium JV Tropicana Silver Knight Western Areas Investment Divestment Acquisition Acquisition December 2020 April 2021 July 2021 June 2022 Li Au Ni Ni Lithium Gold
Slide 11: Our Portfolio
Our Portfolio Diverse portfolio of clean energy metals in Australia with a pipeline of growth For personal use only Production (Li, Ni, Cu, Co) Development (Li, Ni, Co) Studies (Li, Ni, Cu, Co) Exploration (Li, Ni, Cu, Co, REE) 10
Slide 12: Our Nickel Business
For personal use only Our Nickel Business 11
Slide 13: Our Nickel Business
Our Nickel Business Quality portfolio of production, development & exploration assets with downstream potential For personal use only Downstream Nova Cosmos Forrestania Exploration Nickel Sulphate High quality, low High quality nickel Highly prospective Portfolio of belt Opportunity to value cost ni
Slide 14: Nova
Nova Consistent operational and financial performance For personal use only Nova Production & Cash Costs Tonnes A$/lb Delivered within or better than guidance range in FY22 9,000 $2.50 8,000 $2.24 $1.99 $1.86 $2.00 7,000 Strong nickel price delivering robust financials 6,000 $1.73 $1.50 5,000 4,000
Slide 15: Nova
Nova Culture of continuous improvement For personal use only Delivered A$5M savings through business improvement in FY22 Leveraging partnerships and technology to continue to deliver improvement Targeting operational synergies between Nova, Forrestania and Cosmos 14
Slide 16: Nova - Silver Knight
Nova - Silver Knight Development project to deliver additional feed to Nova For personal use only Potential satellite open pit ore source 35km NE of Nova Feasibility Study expected to be complete by September 2023 Exploration upside around Silver Knight 15
Slide 17: Forrestania
Forrestania Assess further nickel and lithium upside until closure in FY25 For personal use only Optimising and maximising cashflow and profitability over remaining mine life Opportunity to leverage learnings and synergies from Nova Systematic review of the Forrestania tenement package to understand
Slide 18: Cosmos
Cosmos IGO completing Cosmos development optimisation strategy and plan For personal use only Targeting first production in mid-2023 Key focus is on completion of shaft and further expansion of process plant to 1.1Mtpa while progressing mine development to enable multiple ore sources Significant ups
Slide 19: Nickel Downstream Processing
Nickel Downstream Processing A disruptive process designed to convert nickel sulphide concentrate into nickel sulphate For personal use only Opportunity to produce battery grade nickel sulphate in partnership with Wyloo Metals Feasibility Study has commenced with outcomes expected by 2024 Significan
Slide 20: Our Lithium Business
For personal use only Our Lithium Business 19
Slide 21: Our Lithium Business
Our Lithium Business Building a global and integrated lithium business For personal use only Greenbushes Mine Kwinana Refinery Product Marketing Exploration TLEA 51% (IGO:25%) TLEA 100% (IGO:49%) World’s lowest cost and Australia’s first fully Strong relationships Collaborating with joint highest-gr
Slide 22: Greenbushes
Greenbushes Delivering excellent financial returns For personal use only Greenbushes Production1 & COGS2 kt A$/t sold Delivered FY22 production and cash costs 400 $300 within guidance 350 $254 $242 $235 $250 $219 40 300 $200 Strong lithium prices delivering excellent 250 39 40 41 financial returns 2
Slide 23: Greenbushes
Greenbushes Expanding production capacity to meet strong global demand for lithium products For personal use only Spodumene concentrate capacity expansion (Mtpa) (All expansion activity funded internally) Potential Under commissioning Construction 2027 Commissioning expected in 2025 0.5 2.5 Ramping
Slide 24: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Australia’s first fully-automated lithium hydroxide refinery For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Converts spodumene concentrate from Greenbushes into battery grade lithium Option to add Train III and IV in the future hydroxide
Slide 25: Exploration and Discovery
For personal use only Exploration and Discovery 24
Slide 26: Exploration
Exploration Retained our commitment to exploration and discovery in FY23 For personal use only A$75M budgeted exploration expenditure across the expanded portfolio Brownfields priorities include Nova and Silver Knight exploration and target drilling at Forrestania Greenfields focus is on Fraser Rang
Slide 27: ESG
For personal use only ESG 26
Slide 28: People & Culture
People & Culture We are committed to building an “iconic” culture For personal use only Care for our people and others is a fundamental part of our DNA We work with people in the business to continuously understand and shape our culture Our strong culture along with good practices and training is es
Slide 29: Our focus on ESG
Our focus on ESG We are committed to leading practices, performance and reporting For personal use only Dow Jones Sustainability Australia Index Dow Jones Sustainability Asia Pacific Index S&P Global 2022 Sustainability Yearbook ESG Reporting FTSE4 Good Developed consistently rated as Index inclusio
Slide 30: IGO's Response to Climate Change
IGO’s Response to Climate Change We are committed to being carbon neutral For personal use only Internal carbon price in place to fund carbon reduction, removal and offset projects Actively reducing Scope 1 & 2 emissions and understanding Scope 3 emissions Developing a portfolio of carbon removal an
Slide 31: Conclusion
For personal use only Conclusion 30
Slide 32: Concluding Remarks
Concluding Remarks Contributing to a better planet for future generations For personal use only Strategic focus on clean energy metals Building a great team and a great culture Sustainability embedded into our purpose Portfolio of high-quality assets with exposure to nickel, copper, cobalt and lithi
Slide 33: 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. O