Igo Limited · ASX:IGO
Igo — Paydirt Battery Minerals Conference 2022
32 slides from Igo's conference presentation, Apr 6, 2022
Slide 1: Presentation to Paydirt Battery Minerals Conference (ASX Release)
ASX RELEASE 6 April 2022 PRESENTATION TO PAYDIRT BATTERY MINERALS CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the materials presented by Chief Operating Officer, Matt Dusci at the Paydirt Battery Minerals Conference which is being held
Slide 2: IGO Limited Paydirt Battery Minerals Conference
For personal use only IGO Limited Paydirt Battery Minerals Conference 6 April 2022
Slide 3: Our Company, Our Strategy
Our Company, Our Strategy Our Purpose of Making a Difference has underpinned our strategy For personal use only Leading diversified clean energy metals company with Mkt Cap of $11.0B1 Production across Li, Ni, Cu and Co clean energy metals Development of integrated clean energy business with assets
Slide 4: Agenda
For personal use only Agenda 1 Our Market 2 Our Journey RG – Produce an agenda slide 3 Our Operations 3
Slide 5: Western Areas Scheme of Arrangement Transaction Update
Western Areas Scheme of Arrangement Transaction Update For personal use only Proposed acquisition of Western Areas for A$3.36 cash per share via a Board recommended Scheme of Arrangement1 announced in December 2021 IGO’s long term view on nickel price has not changed despite recent short term market
Slide 6: Overview of Our Market
For personal use only Overview of Our Market 5
Slide 7: Our Market – EV Growth
Our Market – EV Growth Accelerated Growth of the EV Market and Li-ion batteries For personal use only Global EV Production/Market Penetration1 Lithium-ion battery demand outlook2 EV growth continues to accelerate faster than forecasts 100 0.45 90 39.0% 0.4 80 0.35 EV penetration rates are 70 0.3 for
Slide 8: Lithium Market
Lithium Market Market deficits expected to support higher pricing For personal use only Lithium Market Balance1 (kt LCE) Forecast refined lithium battery-grade balance (kt LCE) 2 kt LCE Tonnes (kt LCE) 3,000 Total Lithium Supply 500 Total Lithium Demand 2,500 0 2,000 -500 1,500 ~1,200 kt -1,000 1,00
Slide 9: Nickel Market
Nickel Market Deficits forecast in the medium and long term For personal use only Nickel Market Balance1 kt Existing supply Battery demand for nickel (in sulphate form) is 6,000 Probable projects New Ni supply the key driver needed from 2025 Consumption as demand from 5,000 EV batteries accelerates
Slide 10: Overview of Our Journey
For personal use only Overview of Our Journey 9
Slide 11: Our Transformation Journey
Our Transformation Journey Aligned our portfolio to benefit from the clean energy revolution For personal use only DIVERSIFIED (GOLD & BASE METALS FOCUS) CLEAN ENERGY METALS FOCUS Rebuild of Announced exploration team Divestment of Tianqi Lithium Joint acquisition of Nova Acquisition & portfolio Jag
Slide 12: Our Transformation
Our Transformation We have transformed our business and the way we work For personal use only Transformed Culture Transformed ESG Transformed Outlook Historic and Projected EBITDA (A$M)1 1200 1000 800 600 400 200 0 Long (A$M) Jaguar (A$M) Tropicana (A$M) Nova (A$M) Greenbushes (A$M) Kwinana Hydroxid
Slide 13: Our People & Culture
Our People & Culture Enduring focus on safety, enhancing wellbeing and strengthening our unique culture For personal use only Focused on attracting, developing and retaining our #1 asset Strong gender diversity with 27% female participation 2022 Employee Engagement Survey Results Employee Engageme
Slide 14: Our Sustainability Performance
Our Sustainability Performance Global recognition for our leading sustainability performance and reporting For personal use only Dow Jones Sustainability Australia Index Dow Jones Sustainability Asia Pacific Index S&P Global 2022 Sustainability Yearbook ESG Reporting consistently rated as “Leading”
Slide 15: Our Journey on Climate Change
Our Journey on Climate Change Climate change – how fast everything is changing Jun 2021 IGO Climate 2016 Change Roadmap For personal use only Commenced and adoption of participation in the CDP internal carbon Climate Change Dec 2019 price Initiative Commissioned the 5.5MW Nova Solar Mar 2022 Farm di
Slide 16: Nova (Nickel-Copper-Cobalt)
For personal use only Nova (Nickel-Copper-Cobalt) IGO:100% 15
Slide 17: Nova Nickel Operation
Nova Nickel Operation Consistent operational and financial performance Nova Production & Cash Costs For personal use only Tonnes A$/lb FY22 production ahead of pro-rata production 9,000 $2.50 guidance, with a cash costs below guidance 8,000 $1.99 $1.83 $2.00 7,000 $1.73 Financial performance benefit
Slide 18: Nova Growth - Silver Knight
Nova Growth - Silver Knight Near-Nova nickel sulphide development project For personal use only Secondary open-pit ore-source located ~35km from Nova Updated resource estimate expected during 2H22 Planning underway for exploration programs around Silver Knight 17
Slide 19: Lithium Joint Venture (TLEA)
For personal use only Lithium Joint Venture (TLEA) IGO:49% | Tianqi Lithium Corporation: 51% Kwinana Lithium Hydroxide Refinery 18
Slide 20: Lithium Joint Venture
Lithium Joint Venture World class lithium portfolio with significant brownfields growth opportunities For personal use only Greenbushes CGP2 Kwinana LiOH Plant Greenbushes (IGO: 25%) Kwinana (IGO:49%) World’s lowest cost and highest grade hard Australia’s first fully automated LiOH plant rock lithiu
Slide 21: Lithium Joint Venture
Lithium Joint Venture Excellent progress toward building a globally relevant lithium business For personal use only High levels of collaboration and engagement with lithium joint venture 49% 51% TLEA Multiple expansion projects planned at Greenbushes and Kwinana 49% 51% 100% Strong cash flow generat
Slide 22: Greenbushes
Greenbushes Series of recent catalysts deliver increased value Global Hardrock Lithium Projects1 For personal use only 2.5 Core Lithium 15 1.32 Sigma 52 Resource and Reserve Upgrade 1.43 James Bay Nemaska • 52% increase to Mineral Resource 2.0 40 1.40 56 1.40 • 20% increase in Ore Reserve with the i
Slide 23: Greenbushes
Greenbushes Expanding production capacity to meet strong global demand for lithium products Greenbushes Mine For personal use only Spodumene concentrate capacity expansion (Mtpa) (All expansion activity funded internally) CGP1 & Potential commissioning TGP FEED underway 2027 Potential commissioning
Slide 24: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Australia’s first fully automated lithium hydroxide refinery For personal use only First battery grade LiOH production expected from Train 1 soon Qualification of Train I product with offtake customers expected to be completed during 1H23 Partial commitment to Trai
Slide 25: Kwinana Lithium Hydroxide Refinery
Kwinana Lithium Hydroxide Refinery Potential to expand refining capacity further via two additional trains For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%) Option to add Train III and IV in the future 24ktpa 96ktpa Construction expected to recommence 24ktpa in 1H23 Currently
Slide 26: Lithium Joint Venture Catalysts
Lithium Joint Venture Catalysts Focused on delivery of significant brownfields growth opportunities For personal use only Greenbushes Lithium Mine • CGP2 and TRP ramp up to full production • CGP3 construction commencement (est 1H23) Kwinana Refinery • Train 1 commercial production of battery grade l
Slide 27: Exploration
For personal use only Exploration 26
Slide 28: Exploration Strategy
Exploration Strategy Committed to investing in growth through discovery For personal use only FY22 Exploration Budget Lake Mackay Copper Coast Raptor A$9M Kimberley Project A$6M Nova & A$65M A$33M Fraser Range A$17M Paterson Project 27
Slide 29: Summary
For personal use only Summary 28
Slide 30: Concluding Remarks
Concluding Remarks Well positioned to leverage from disruptive transition to clean energy For personal use only Purpose led strategic focus on clean energy metals People centric business delivering a great culture Sustainability embedded into the DNA of the business with proactive response to climat
Slide 31: 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 32: 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. Ou