Slide 1: Kwinana Lithium Hydroxide Refinery Site Visit Presentation (ASX Release)
ASX RELEASE 29 JULY 2022 KWINANA LITHIUM HYDROXIDE REFINERY For personal use only SITE VISIT PRESENTATION IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach presentation materials which will be used during a site visit to the Kwinana Lithium Refinery (Kwinana) on Saturday 30 July 2022.
Slide 2: Kwinana Lithium Hydroxide Refinery Site Visit Presentation
For personal use only Kwinana Lithium Hydroxide Refinery Site Visit Presentation 30 July 2022
Slide 3: Overview
Overview Australia’s first fully automated lithium hydroxide processing plant For personal use only Designed to process Greenbushes spodumene concentrate into battery grade lithium hydroxide for global markets Sustainable & ethical operation Fully integrated with upstream resource Australia ba
Slide 4: Structure
Structure IGO holds its lithium interest via an incorporated Joint Venture For personal use only Structure designed to protect IGO’s interests 49% Tianqi Lithium Energy 51% while enabling strong collaboration between Australia parties TLEA IGO contributes upstream mining and local 49% 51% 100% opera
Slide 5: Board and Management
Board and Management Structured to protect IGO’s interests and ensure high levels of oversight For personal use only Board of Directors James Clarke Anqi Jiang Frank Ha Peter Bradford Matt Dusci Independent Director Director Director Director Director Executive Management Yasmin Liu Raj Surendran St
Slide 6: Safety Performance
Safety Performance Ongoing programs of work to improve safety outcomes For personal use only TRIFR & LTIFR1 Potentially Serious Incident Frequency Rate1 18 14 16 12 14 10 12 10 8 8 6 6 4 4 2 2 0 0 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-21 Aug-21 Sep-2
Slide 7: People
People Growing team in preparation for operations For personal use only Headcount at Month End - 12 month1 300 Workforce required for Train 1 + 2 25% Female Employment 280 260 240 33% of our workforce reside within 15km 220 Workforce required for Train 1 200 180 Kwinana’s proximity to Perth is highl
Slide 8: Project Timeline
Project Timeline 2016 to 20221 For personal use only December 2016 2018 September 2019 June 2021 August 2021 May 2022 Tianqi Lithium Australia Train 1 MSP involvement Commissioning First production First battery commences commissioning & suspended of Train 1 of Lithium grade Lithium construction of
Slide 9: Illustrative Process Flow Sheet
Illustrative Process Flow Sheet Flow sheet is similar to that used by Tianqi’s existing refineries in China For personal use only Source: Schematic created by IGO based on publicly available technical documents relating to lithium hydroxide processing. 8
Slide 10: Kwinana Feedstock and Product
Kwinana Feedstock and Product 100% of feedstock for Kwinana sourced from Greenbushes For personal use only Illustrative Product Flows Summary1 Greenbushes TLEA Joint Venture Kwinana to receive spodumene 600,000tpa (50%)2 concentrate preferentially from TLEA share 300,000tpa 300,000tpa 1.2Mtpa Chemic
Slide 11: Significant expansion potential
Kwinana Lithium Hydroxide Refinery Significant expansion potential For personal use only Lithium Hydroxide Production Capacity (ktpa) (100%)(1) Option to add Train 3 and 4 in the future 24ktpa 96ktpa Expected to commission in 2024 24ktpa Currently 24ktpa ramping up 24ktpa Train I Train II Train III
Slide 12: Kwinana Train 1 Ramping up production
Kwinana Train 1 Ramping up production after successful commissioning Typical McNulty Ramp Up Profile For personal use only 120% First battery grade lithium hydroxide produced in May 2022 100% 80% % of nameplate capacity Product qualification with offtake customers estimated to take ~6 months 60% 40%
Slide 13: Kwinana Train 2
Kwinana Train 2 Partially constructed and parallel to Train 1 For personal use only Engineering contractor engaged in late 2021 to commence studies and planning for recommencement of construction1 Learnings from Train 1 commissioning process being incorporated into Train 2 design Decision to recomme
Slide 14: Future Expansion
Future Expansion Additional land available for potential future Train 3 and 4 For personal use only Train 1 Train 2 Existing Lease (20ha) Substation Lease Train 3 & 4 Land Option (13ha) 13
Slide 15: Offtake
Offtake Train 1 production fully committed under offtake agreements For personal use only Offtake agreements in place with leading cathode and battery manufacturers Pricing linked to lithium hydroxide pricing as reported by price reporting agencies Strong demand for lithium hydroxide with fully audi
Slide 16: Offtake Pricing mechanisms
Offtake Pricing mechanisms For personal use only Battery-Grade Lithium Hydroxide Price Forecast1 US$/t, CIF Asia Prices reference market Price Reporting Agencies 90,000 • S&P Platts • Benchmark Minerals 80,000 • Fastmarkets 70,000 60,000 50,000 Quarterly or monthly price resets in arrears 40,000 30,
Slide 17: Tianqi Lithium Corporation ESG Approach
Tianqi Lithium Corporation ESG Approach To become a leader in the sustainable development of the global new energy industry by 2030 ESG Framework For personal use only Strong alignment to IGO’s sustainability framework Focused on ensuring customer sustainability expectations are met TLEA has robust
Slide 18: Non-Lithium Products
Non-Lithium Products1 Customer & market development underway to beneficially utilise spodumene resource For personal use only Tianqi Aluminosilicate (TAS) Gyplime Sodium Sulphate • Delithiated beta spodumene • Gypsum and lime solids are • Established industrial salt used as produced when limestone i
Slide 19: Approvals
Approvals Train 1 & 2 Environmental Works approvals1 For personal use only Environmental approvals in place to conclude commissioning of Train 1 and construction of Train 2 Time extension approved in July 2022 1. Source: Tianqi Lithium Energy Australia 2. Image courtesy of Kwinana Industries Council
Slide 20: Kwinana Plant Sustainability
Kwinana Plant Sustainability Recent Environmental Initiatives Key Environmental Metrics and Certifications (2020)* For personal use only Asset/Plant Kwinana Plant End product Lithium hydroxide monohydrate LiOH.H2O ESG framework development, data collection and reporting Nameplate production capacity
Slide 21: Community Investment
Community Investment Strong focus supporting local community through arts and cultural program For personal use only 20
Slide 22: 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 23: 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