Igo Limited · ASX:IGO
Igo — Paydirt Australian Nickel Conference 2022
25 slides from Igo's conference presentation, Oct 5, 2022
Slide 1: Presentation to the Australian Nickel Conference (ASX Release)
ASX RELEASE 5 October 2022 PRESENTATION TO THE AUSTRALIAN NICKEL CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided to the Paydirt Australian Nickel Conference, which is being held in Perth this week. IGO’s Chief Oper
Slide 2: IGO Limited: Critical metal products for a clean energy future
For personal use only IGO Limited Critical metal products for a clean energy future Matt Dusci – Chief Operating Officer 5 October 2022
Slide 3: Agenda
For personal use only Agenda 1 Our Market 2 Our Journey 3 Our Operations 2 2
Slide 4: Overview of Our Market
For personal use only Overview of Our Market 3
Slide 5: Climate Change
Climate Change Core to decarbonisation is Class 1 Nickel Global Emissions by Scenario, 2000 to 2050 (GtCO2-eq)1 For personal use only Actual Pre-Paris 60 Paris 2015 Glasgow Pledges Net Zero 40 20 0 2000 2010 2020 2030 2040 2050 Cumulative emissions reached ~1.3 trillion tonnes last year, resulting i
Slide 6: Lithium-ion Battery Demand
Lithium-ion Battery Demand The electrification of transport is driving significant new metal demand For personal use only Global Electric Vehicle Sales & Market Share1 Lithium-ion battery metal demand outlook2 Million Vehicles Million metric tons Market share (%) 10 30 20 9 CAGR: ~49% CAGR: ~30% 8 1
Slide 7: Nickel: Near term surplus transitions quickly into deficits
Nickel Near term surplus transitions quickly into deficits For personal use only Primary Nickel Supply/Demand Balance 1 200 Near term Indonesian supply increases will drive surplus until 2025 150 100 New nickel supply needed from ~2026 as EV 50 demand accelerates in excess of supply 0 -50 2.8Mt nick
Slide 8: Overview of Our Journey
For personal use only Overview of Our Journey 7
Slide 9: 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 $11B1 Production across Li, Ni, Cu and Co clean energy metals Development of integrated clean energy business with assets bo
Slide 10: Supplying Products Critical to Clean Energy
Supplying Products Critical to Clean Energy Focused on delivering products that will enable electrification and decarbonisation For personal use only Ni Li Cu Co Nickel Lithium Copper Cobalt Upstream mining and downstream processing Electrification of Renewable Energy Renewable Energy Transport Stor
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 exploration team Divestment of Tianqi Lithium Joint Acquisition of Nova Acquisition & portfolio Jaguar Operat
Slide 12: 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 13: 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) 12
Slide 14: Our Operations
For personal use only Our Operations 13
Slide 15: 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 cost High quality Operating underground Focused on discovery Opportunity to value nic
Slide 16: Nova
Nova Strong operational performance and higher nickel prices delivered an excellent FY22 FY22 Highlights For personal use only Production within guidance and cash costs better than guidance at A$1.95/lb - lowest cost nickel operation in Australia Underlying EBITDA: A$631M EBITDA Margin: 70% Underlyi
Slide 17: Forrestania
Forrestania Assessing further nickel and lithium upside For personal use only Forrestania to contribute to IGO earnings from FY23 (following completion of transaction in June 2022) • Production of 14,028t Ni in Concentrate from FY22 FY23 Strategic Priorities • Optimise mine and processing activity •
Slide 18: Cosmos
Cosmos Project development strategy set to deliver a robust and resilient mining operation For personal use only Revising development plan to enable the following to be completed prior to producing first concentrate: • Completion of shaft infrastructure • Development of multiple ore sources undergro
Slide 19: Battery Supply Chain
Battery Supply Chain Optimisation of the supply chain Lithium For personal use only Anode Mine Concentrator SC 6 Electrolyte Concentrate Refinery LiOH Separator Addition of LiOH and Greenbushes Kwinana Refinery Coating Nickel / Cobalt Lithiation and CAM Battery Battery EV Other? Coating Cell Pack As
Slide 20: Nickel Downstream
Nickel Downstream Western Australia Nickel Sulphate/PCAM facility For personal use only 19
Slide 21: Our Journey to Decarbonisation
Our Journey to Decarbonisation Nova Operation – renewable power generation For personal use only First solar farm constructed in 2019 (5.5MW) Currently installing new 10MW solar farm and 10MW /10MWhr battery First mine to run “Engines-Off” for 8- 9hrs per day in summer months ~30-35% reduction in CO
Slide 22: 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 with Collaborating with joint highe
Slide 23: Concluding Remarks
Concluding Remarks Well positioned to leverage the disruptive transition to clean energy For personal use only Lithium battery and energy metals are part of the solution Surging EV demand putting pressure on the supply of raw materials Supply chain dynamics are shifting IGO is making a difference as
Slide 24: 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 For personal use only inducement to make an offer or invitation with res
Slide 25: 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