IGO Limited Revises Greenbushes Lithium Resource Estimates

An update from IGO ( (AU:IGO) ) is now available.

IGO Limited has revised its Greenbushes CY24 Resources and Reserves report, addressing previous misinterpretations regarding mineral resource schematics and making minor amendments. The report highlights a 2% decrease in mineral resource estimates due to mining depletion, with significant lithium concentrate production aimed at electric vehicle and energy storage markets. The company is undertaking a strategic options review to maximize asset value and align reporting across different regimes, while drilling efforts have increased confidence in high-grade mineralization at depth.

More about IGO

IGO Limited is a company involved in the lithium industry, with a primary focus on lithium mining and production. It holds a 24.99% indirect interest in the Greenbushes Lithium Operation through a joint venture with Tianqi Lithium Corporation, which together have a majority interest in the operation. The company is engaged in the production and sale of lithium concentrates, primarily for electric vehicle and energy storage applications.

YTD Price Performance: -3.23%

Average Trading Volume: 712

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.16B

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