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IGO Limited (ASX:IGO)

ALERT: Price-sensitive ASX Announcement for IGO
Current share price for IGO : $7.210 1.76 (32.29%)+
Announcement
Release
30 Oct 2025 8:14AM
Price at Release
$5.450
Full Release
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Summary
IGO Limited's 1Q26 Quarterly Activities Report highlights improved safety performance, steady spodumene prices amidst market volatility, and a maintained strong balance sheet. The Greenbushes mine experienced lower production due to lower ore grades and heavy rain, while the Kwinana refinery increased production. Nova operations continued to align with life of mine plans, contributing to a group underlying EBITDA of $19M and a positive free cash flow of $15M. The company retains a strong financial position with $287M in net cash.
Key Points
  • IGO's safety performance improved with TRIFR down to 8.0 and over 90 days injury-free.
  • Spodumene price remained steady at US$730/t despite lithium market volatility.
  • Greenbushes EBITDA margin was 57%, impacted by lower mined ore grade and heavy rain.
  • Kwinana refinery production increased to 2,775t, discussions ongoing for optimum pathway.
  • Nova production and costs were in line with the life of mine plan.
  • Group underlying EBITDA was $19M and free cash flow was $15M.
  • Strong balance sheet with $287M net cash as of September 30, 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.