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IGO Limited (ASX:IGO)

ALERT: Price-sensitive ASX Announcement for IGO
Current share price for IGO : $8.155 -0.385 (-4.51%)+
Announcement
Release
24 Apr 2026 8:14AM
Price at Release
$8.540
Full Release
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Summary
The March 2026 Quarterly Activities Report for IGO Limited highlights strong financial and operational performance for the third quarter. The company's sales revenue increased significantly driven by improved nickel prices and sales volumes, while Nova operation contributed to higher production of nickel and copper with reduced cash costs. The Greenbushes lithium mine maintained production levels but encountered operational issues leading to higher costs, although spodumene sales saw a slight rise. The Kwinana refinery witnessed an increase in lithium hydroxide production and a decrease in conversion costs. The report also notes a substantial rise in underlying EBITDA and the strategic appointment of Dean Jenkins as a Non-Executive Director.
Key Points
  • IGO's sales revenue for Q3 2026 increased by 45% to A$119.7 million driven by higher nickel prices and sales volumes.
  • Nova operation showed improved performance with significant increases in nickel and copper production.
  • Cash costs for nickel reduced by 24% due to improved operations and by-product credits.
  • The Greenbushes lithium mine had flat production but faced operational challenges and increased costs.
  • Spodumene sales from Greenbushes increased slightly despite logistical challenges.
  • Kwinana lithium hydroxide refinery increased production to 3,047 tons and reduced conversion costs.
  • IGO's underlying EBITDA for Q3 2026 was significantly higher than previous quarters.
  • Appointment of Dean Jenkins as a Non-Executive Director was announced.
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.