IGO: Presentation of the Mining Forum for Diggers and Concessionaires

IGO Limited

Mining Forum for Diggers and Dealers 2022

Warnings and disclaimers

• This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or an invitation to subscribe or to buy securities of IGO or as an invitation to make an offer or an invitation concerning these securities in any jurisdiction.
• This presentation contains general information about IGO. Any information, opinions or conclusions expressed during this presentation should be read in conjunction with IGO’s other periodic and ongoing information announcements filed with the ASX, which are available on IGO’s website. No representation or warranty, express or implied, is made as to the correctness, accuracy or completeness of the information, opinions and conclusions expressed in this presentation.
• This presentation includes forward-looking information regarding future events, conditions, circumstances and IGO’s future financial performance. Often, but not always, forward-looking statements can be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “continue” and “guidance”, or d other similar words and may include statements regarding management plans, strategies and objectives, anticipated dates of commencement of production or construction, and anticipated costs or results of production. Such forecasts, projections and information are not guarantees of future performance and involve unknown risks and uncertainties, many of which are beyond IGO’s control, which may cause actual results and developments to differ materially from those expressed or implied. Further details on these risks are set out below. All references to future production and production directions made in relation to IGO are subject to completion of all necessary feasibility studies, permit applications and approvals, construction, financing agreements and access to the necessary infrastructure. Where such reference is made, it should be read subject to this paragraph and in conjunction with additional Mineral Resource and Ore Reserve information, and any competent person statements included in periodic and ongoing disclosure announcements. filed with the ASX. Forward-looking statements in this presentation speak only as of the date of publication. Subject to any continuing obligation under applicable law or any relevant stock exchange listing rules, by providing this information, IGO undertakes no obligation to publicly update or revise any of the forward-looking statements or advise of any change in events, conditions or circumstances. on which such statement is based.
• There are a number of risks specific to IGO and of a general nature which may affect the future operational and financial performance of IGO and the value of an investment in IGO, including, but not limited to, economic conditions, stock market fluctuations, commodity demand and price movements. , access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve and resource estimates, title and aboriginal title risks , foreign currency fluctuations and mine development, construction and commissioning. The production forecasts in this presentation are subject to risks specific to IGO and of a general nature which may affect the future operational and financial performance of IGO.
• The quarterly financial results are unaudited. All currency amounts are in Australian dollars unless otherwise stated. Net cash is cash balance less outstanding debt, net debt is outstanding debt less cash balances.
• Nickel cash costs are reported with royalties included and after by-product credits per payable metal unit, unless otherwise specified. Lithium cash costs are reported as COGS (Cash Cost of Goods Sold) per tonne sold and include ore mining, processing, general and administrative, sales and marketing, inventory movement and royalties.
• Underlying EBITDA is a non-IFRS measure and includes net income after tax, adjusted to exclude income tax expense, finance charges, interest income, asset impairments, gain/loss on sale of subsidiary and Tropicana, severance and restructuring costs, depreciation and amortization, once transaction costs, and foreign exchange and hedging gains/losses attributable to the Tianqi acquisition.
• Free cash flow includes net cash flow from operating activities and net cash flow from investing activities. Underlying adjustments exclude acquisition costs, proceeds from the sale of investments, including Tropicana, and payments for investments and mining interests.
• IGO holds a 49% interest in Tianqi Lithium Energy Australia Pty Ltd (TLEA) and therefore as non-controlling shareholder, recognizes its share of TLEA’s after-tax net income in its consolidated financial statements. As such, IGO has provided additional information about the operating, financial and expansion activities of Greenbushes and the Kwinana Refinery, which reflects IGO’s understanding of such operating, financial and expansion activities. based on information provided to IGO by TLEA.

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