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IGO Holds A 49% Interest in A Global Joint Venture with Tianqi Lithium Corporation

2022-06-26 23:06:00

Venus Metals Corporation Limited (VMC) announced that its subsidiary ("Venus Subsidiary") has entered a binding transaction with a subsidiary ("IGO Subsidiary") of IGO Limited regarding exploration and, if warranted, development and mining at its Bridgetown Greenbushes Exploration Project ("Project"). IGO holds a 49% interest in a global joint venture with Tianqi Lithium Corporation. The joint venture has a 51% interest in the Greenbushes Lithium Mine. VMC's Greenbushes East Lithium and Bridgetown East NiCuPGE Projects comprise four granted tenements held by Venus Subsidiary, E70/5315, E70/5316, E 70/5620 and E70/5712, and two exploration applications, E 70/6009 (Venus Subsidiary), and E 70/5675 (VMC) outside of map area of Figure 1. The western boundary of the VMC and Venus Subsidiary tenure abuts the Greenbushes mining leases (Figure 1). Geological mapping and reconnaissance surface sampling by VMC within an area of potassic alteration (>9 km2) (Figure 2) located pegmatite outcrops with one pegmatite sample returning 0.28% Li2O (refer ASX release 26 June 2017). Systematic geochemical surveys across the western part of E 70/5315 are planned to identify potential LCT targets under soil cover. In the south of E 57/5315 an ultrafine soil (UF) survey completed by Venus discovered a strong lithium (Li) anomaly, approx. 20 km southeast of the Greenbushes Lithium Mine (refer ASX release 9 March 2022) (Figure 3). Significantly, this Li anomaly (maximum 148ppm) is associated with elevated tin (Sn); elevated tungsten (W) and tantalum (Ta) concentrations adjoin the Li anomaly to the west. The Li anomaly, located within a distinct low in the regional aeromagnetic data, measures approx. 300m x 400m and remains open to the north. North-northeast of the soil anomaly and along the general lithological trend of quartz-mica schist is a historical Snanomaly in laterite (Figure 3) that measures approximately 5km in length and 1-3km in width, based on data from the CSIRO-AGE database (Grunsky, 1991 and GSWA, 1998) and Venus laterite samples (refer ASX release 7 December 2020); this Sn anomaly remains unexplained and untested. The c. 6km long north-northwest geochemical trend of Sn in laterite together with a distinct Li anomaly in ultrafine soil to the south present a compelling target for rare metals and LCT pegmatite exploration. Regional geochemical surveys across the tenement area and drill testing of existing anomalies are planned. The Bridgetown East Ni-Cu-PGE Project falls within the West Yilgarn Ni-Cu-PGE Province (Figure 4) first outlined by Chalice Mining Limited (refer CHN ASX release 4 May 2021) that covers an area of c. 1,200km X 100km and extends from the Narryer Terrane in the north to the Southwest Terrane in the south. Venus' Bridgetown East Ni-Cu-PGE project (refer ASX release 24 September 2021) abuts Chalice's and Venture Minerals' Southwest Project (refer VMS and CHN ASX releases 21 July 2020) (Figure 5). A historical Heliborne Electromagnetic (HEM) survey (refer ASX 27 September 2018) indicated a conductor closely associated with a strong magnetic anomaly that appears to be the northern extension of the Thor Target magnetic trend. A review and remodelling of the geophysical data including a new 3D inversion of the magnetics further highlights a coincident HEM/magnetic target (refer ASX release 1 October 2020) (Figures 6 & 7) that is considered a priority for followup work. This priority target is characterised by a discrete HEM anomaly and conductivity inversion model evident over 300m, located along the strong magnetic anomaly interpreted to represent the extension of the Thor magnetic trend. The HEM inversion model is outlined by an anomalous average conductivity of 10mS/m located approximately 100m from surface and suggests a dip to the east and plunge to the north. Importantly, the magnetic anomalies are broadly coincident with previously mapped ultramafic bodies (Wamex report A5170). IGO intend to conduct Electro-Magnetic (EM) ground geophysical surveys using the deep penetrating SQUID System over selected target areas. Initial surface geochemistry (rock chip and laterite data) combined with historical data identified several target areas (Figure 8) for potential mafic-ultramafic hosted Ni-Cu-Pt-Pd mineralization. One of these areas, Target 1 in the east of E70/5315, coincides with an aeromagnetic high and a HEM anomaly (refer ASX release 7 December 2020). Three phases of soil sampling detected anomalous concentrations of Pt, Pd and base metals (in the ultrafine soil fraction) in Target Area 1 (refer ASX release 29 April 2021) where mafic-ultramafic intrusive rocks crop out nearby. Target 5 is an additional priority target for base metals - PGE mineralization (refer ASX release 24 Sept 2021). Further sampling extended the Pd anomaly at Target 1 to c. 900m length and expanded the existing Cu and Ni anomalies (refer ASX release 29 April 2021) in width and length. At Target 6, the survey confirms historical soil and lag data by Amerod Holdings Pty Ltd. (Wamex report A79877), outlining a c. 400m long Cu-Pd-Pt anomaly. Tin and Pt results (Figures 3 & 8) include 61 ultrafine soils taken along public roads on E70/5620 and E70/5315 (refer JORC Table 1). The priority geochemical anomalies, Targets 1, 5 and 6, warrant ground electromagnetic surveys using the deep penetrating SQUID System to identify potential bedrock sources of the base metals and PGE surface anomalies for drill testing. IGO Subsidiary can acquire up to a 70% interest in the Bridgetown Greenbushes Exploration Project by incurring AUD 3,000,000 of exploration expenditure on the Project in the period of 2 years and 6 months from the commencement date to earn a 51% interest ("Stage 1 Interest"), and an additional AUD 3,000,000 of exploration expenditure within a further 1 year and 6 months to earn an additional 19% interest ("Stage 2 Interest").

IGO Limited's Subsidiary Western Areas Limited Commits to Stage-2 of Nickel Joint Venture

2022-06-22 22:22:00

Metal Hawk Limited advised that IGO Limited through its wholly owned subsidiary Western Areas Limited has satisfied the Stage-1 requirements of its Earn-In and Joint Venture Agreement (EIJVA) with Metal Hawk, having spent $3 Million on exploration across the Joint Venture Projects. IGO achieved the Stage-1 milestone well ahead of the required timeframe and is now entitled to a 51% joint venture interest in Metal Hawk's Kanowna East, Emu Lake and Fraser South projects. Significantly, IGO has elected to proceed with Stage-2 of the EIJVA whereby it can earn an additional 24% joint venture interest by sole funding a further $4 Million of exploration. Metal Hawk is free-carried to a decision to mine and retains 100% of the gold rights at Kanowna East and Emu Lake. UPCOMING ACTIVITY ON NICKEL JV PROJECTS: Kanowna East: Diamond drilling is due to recommence in July 2022 and will continue to explore the interpreted southern extension of the ultramafic corridor hosting the high-grade Silver Swan nickel deposit. Drilling will follow-up nickel sulphide mineralisation recently intersected in maiden diamond hole KEDD001, which identified a broad 220m zone of nickel-bearing ultramafic rocks. Emu Lake: Moving loop ground electromagnetic (MLEM) surveys are scheduled to commence in Third Quarter 2022. The survey will cover areas of prospective ultramafic stratigraphy identified from recent AC (aircore) drilling along strike from the high-grade Binti Binti nickel deposit. Fraser South: A heritage survey is scheduled for July 2022 to allow access for a reconnaissance AC drilling program planned to commence in October. Airborne geophysical surveys are also scheduled to commence in Third Quarter 2022.

IGO Limited Announces First Battery Grade Product from Kwinana Refinery

2022-05-19 22:21:00

IGO Limited announced first and consistent production of battery grade lithium hydroxide from the Kwinana Lithium Hydroxide Refinery (Kwinana), representing an important milestone for the Lithium Joint Venture between IGO (49%) and Tianqi Lithium Corporation (51%). Based on onsite laboratory tests, the joint venture has successfully and consistently produced battery grade lithium hydroxide over several days. Once product samples have been independently verified, the product qualification process with offtake customers will commence.

Buxton Resources Limited and IGO Limited West Kimberley JV on Road to Discovery

2022-05-01 22:59:00

Buxton Resources updates its shareholders with background technical context supporting IGO's extensive exploration program at the Sentinel Project, part of the BUX/IGO West Kimberley JV. Buxton's discovery of high-tenor Ni-Cu-Co mineralisation at Merlin in 2015 established the agmatic nickel prospectivity of the King Leopold Orogen in the West Kimberley Region of WA. The King Leopold Orogen is located along the Kimberley Craton margin and includes a suite of .88 Ga mafic/ultramafic intrusions known as the Ruins Dolerite. These rocks were formed during the broad Proterozoic global magmatic Ni event which formed multiple Tier 1 size Ni-Cu- Co-PGE deposits, including those at Sudbury,the Thompson, and Raglan belts in North America, and at Pechenga in Russia. The King Leopold Orogen has analogous geology to the Halls Creek Orogen, which hosts the Savannah Ni-Cu-Co deposit. Alongside a series of compelling magmatic sulphide intersections, Buxton's exploration at Merlin documented compelling textural, geochemical, isotopic, and petrographic evidence of sulphur saturation and crustal assimilation in a dynamic intrusive magmatic system within a specific MgO-rich Ruins Dolerite meta gabbroic unit having Cr in excess of 1,000 ppm. Buxton's technical work unequivocally identified the mineralisation to be of magmatic conduit- style and in doing so, Buxton defined the entire King Leopold Orogen as a new exploration province for Tier 1 Ni-Cu-Co-PGE magmatic sulphide deposits. Supported by the detailed follow-up at Merlin, Buxton's early mover, belt-scale project generation resulted in a series of agreements with IGO, including the establishment of the West Kimberley Regional Joint Venture in 2018. IGO continue to fund a comprehensive exploration program, providing Buxton's shareholders substantial leverage in terms of $into the ground. For the upcoming West Kimberley Joint Venture field season, the priority focus is in the Sentinel area. The Sentinel area hosts the volume of Marboo sediments and Ruins Dolerite in the King Leopold Orogen. No drilling has been undertaken to-date at Sentinel, with the maiden drill program anticipated to commence during the 3rd calendar quarter this year, which is only a handful of months away. IGO's initial on-ground exploration at Sentinel commenced late in the 2021 field season and was limited to only a few months prior to the summer wet season. Nevertheless, this work resulted in defining high-conductance ground EM conductors and the discovery of sulphide bearing, high MgO /Cr ultramafic rocks with highly anomalous Ni, Cu and PGE. Buxton is therefore looking forward to new discoveries at Sentinel in 2022 where extensive ground EM and drilling are planned. Buxton intends to provide detailed updates on the planned work at Sentinel as exploration commences on the ground in the coming weeks.

IGO Executing Substantial 2022 West Kimberley Field Season

2022-04-10 22:13:00

Buxton Resources updates its shareholders that Joint Venture partner IGO has provided information regarding the upcoming 2022 West Kimberley field season. IGO has planned a very substantial field season for the West Kimberley Joint Venture, with the priority focus being at the Sentinel area where extensive ground EM coverage and drilling are planned. The 2022 field season is expected to commence in mid- to late-April with track construction into the Sentinel area, including to the Skarloey and Gordon targets, where a substantial bedrock conductor has already been identified. Three crews will undertake geological reconnaissance over areas of interest, completing p-XRF traverses, handheld petrophysical measurements, along with rock-chip sampling. A helicopter will be used to support a significant part of this program to allow efficient coverage of large areas. Two ground geophysical EM teams will start completing MLEM and FLEM surveys using High- temperature SQUID sensors during May, and drilling is expected to commence in mid-July. Programs of Work for ground disturbing activities have been submitted, and stakeholder notifications have already commenced.

IGO Limited Provides Production Guidance for the Third Quarter and Full Year of 2022

2022-01-31 00:01:00

IGO Limited provided production guidance for the third quarter and full year of 2022. For the quarter, the company expects production to be lower due to planned lower feed grades. For the full year, the company expects its financial year guidance, however, remains unchanged.

IGO Limited Announces Interim Dividend for the Year 2022, Payable on March 18, 2022

2022-01-30 22:35:00

IGO Limited announced interim dividend of 5.0 cents per share fully franked for the fiscal year 2022. Record date is March 4, 2022. The dividend will be payable on March 18, 2022.

IGO Limited to Report Q3, 2022 Results on Apr 29, 2022

2021-12-31 08:10:00

IGO Limited announced that they will report Q3, 2022 results After-Market on Apr 29, 2022

IGO Limited, Q3 2022 Earnings Call, May 02, 2022

2021-12-31 08:10:00

IGO Limited, Q3 2022 Earnings Call, May 02, 2022

IGO Limited to Report Q2, 2022 Results on Jan 31, 2022

2021-12-31 08:10:00

IGO Limited announced that they will report Q2, 2022 results on Jan 31, 2022

IGO Limited, Q2 2022 Earnings Call, Jan 31, 2022

2021-12-31 08:10:00

IGO Limited, Q2 2022 Earnings Call, Jan 31, 2022

IGO Limited, Western Areas Limited - M&A Call

2021-12-16 01:51:00

IGO Limited, Western Areas Limited - M&A Call

IGO, Western Areas Quietly Talk Takeover

2021-12-07 04:37:00

A potential takeover between IGO Limited (ASX:IGO) and Western Areas Limited (ASX:WSA) could still be on the table after the companies notified an otherwise uninformed market that discussions and due diligence were "continuing". Preliminary talks between the nickel miners were first confirmed in August however the companies said there was no certainty on whether a transaction would eventuate. Updates on the transaction have been few and far between since then. "While IGO does not comment on media speculation, the company confirms that discussions and due diligence are continuing," IGO said in an ASX release. "There is no certainty that a definitive transaction will result once this period of diligence is complete".

IGO Limited - Shareholder/Analyst Call

2021-10-15 06:18:00

AGM

IGO Limited Provides Exploration Update

2021-10-14 02:01:00

IGO Limited completed the following exploration activities within the IGO Limited - Boadicea. Fieldwork during Third Quarter Calendar Year 2021 was mainly focused on E28/1932 (Symons Hill) and E28/2937 (South Plumridge). Symons hills (E28/1932): As announced (20/8/21), assays for the previous 809m diamond drill (DD) hole 21AFDD104, targeting the Orion intrusion, demonstrate the intrusion is fertile for magmatic nickel-copper sulphides, providing confidence for further exploration work, particularly as the DD hole is interpreted to have only skimmed the NW margin of this intrusive. During the last quarter, the focus has been on consolidating all the historic data with recent drilling (air-core and diamond) and MLEM survey data. Below is a summary of activity completed during the last quarter, which has resulted in the identification of new targets, in addition to Orion which is interpreted to extend within the tenement: Relogging and sampling of the Bell Ringer DD holes 18BRDD001, 18BRDD002, 18BRDD003 and Red Cap DD hole BSHD001. Kalgoorlie GSWA core library viewing and re-logging of the EIS co-funded Red Cap diamond drill hole BSHD002. Reviewing of the assay data received for the remaining air core holes and diamond drilling at Orion. Completion of hydrogeological air core drilling and preliminary groundwater reservoir study. Data acquisition from the remaining 164 MLEM stations over the Orion prospect which was commenced in the last quarter of fiscal year 2021. More detailed work in understanding the structural architecture and technical assessment of known intrusions which include Orion (a significant target), Elara, Arcturus and Hercules, is needed to help target several search spaces that remain on E28/1932. Recent Exploration Results: All assay data from the E28/1932 aircore drilling completed in Second Quarter CY2021 has been returned, with significant intercepts and interpretation reported to Boadicea leading to the ASX announcement titled Orion Exploration Update, Fraser Range August 20, 2021. Several mafic trends were identified associated with significant Ni-Cu-Co results reported in the same announcement. The Low-Temperature SQUID (LTS) MLEM program completed on E28/1932 was targeting a prospective corridor along strike from known mafic intrusions. Data was being quality controlled and monitored by the IGO geophysics team and identified a NE-trending stratigraphic conductor as well as highlighting the previously identified Red Cap conductor. Bell Ringer and Red Cap Targets: Relogging of (BOA drilled) historic holes at Bell Ringer and Red Cap within the Symons Hill licence provided new interpretation of intrusives requiring additional exploration. Relogging and sampling of the three Bell Ringer DD holes (18BRDD001, 18BRDD002 and 18BRDD003) 1 revealed host rocks that are a key ingredient in allowing prospective intrusions to become sulphur saturated and for Ni-Cu accumulation, with further follow-up work to include structural domain mapping. The Red Cap holes intersected sulphur rich country rocks and sulphide rich mafic intrusions. The Red Cap holes2 fall within the Arcturus mafic trend identified through air-core interpretation, which has been flagged for follow-up work. Relogging has identified previously unidentified mafics in BOA drill hole BSHD001, which is very encouraging and confirms the importance of the re-logging programs. The presence of a sulphide rich mafic intrusion with carbonate assimilation warrants further investigation through diamond drilling. Future work will focus on following the strike extension of the known intrusion, to determine the intrusion architecture and search for potential structural trap sites able to accumulate massive sulphide deposits. Symons Hill Summary: More detailed work in understanding the structural architecture and technical assessment of known intrusions which include Orion (a significant target), Elara, Arcturus and Hercules, is needed to help target several search spaces that remain on E28/1932.

IGO Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021

2021-10-09 01:00:00

IGO Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021

2021-10-05 17:25:00

Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021. Venue: Pan Pacific Hotel, Perth, Australia.

IGO Limited Presents at Australian Nickel Conference, Oct-05-2021 09:35 AM

2021-10-05 17:25:00

IGO Limited Presents at Australian Nickel Conference, Oct-05-2021 09:35 AM. Venue: Pan Pacific Hotel, Perth, Australia. Speakers: Peter J. L. Bradford, MD, CEO & Executive Director.

IGO Limited, 0.10 (AUD), Cash Dividend, Sep-07-2021

2021-08-31 00:00:00

IGO Limited, 0.10 (AUD), Cash Dividend, Sep-07-2021

IGO Limited provides operating guidance for the fiscal year 2022

2021-08-30 22:33:00

IGO Limited provided operating guidance for the fiscal year 2022. For the year, the company expects Nickel in concentrate to be in range of 25,000t to 27,000t. Copper in concentrate to be in the range of 11,500t to 12,500t. Cobalt in concentrate to be in range of 900t to 1,000t.

IGO Limited Announces Dividend for the Period of Twelve Months Ended June 30, 2021, Payable on September 23, 2021

2021-08-30 22:31:00

IGO Limited announced dividend of AUD 0.10000000 per share on IGO - ORDINARY FULLY PAID for the period of twelve months ended June 30, 2021. For the dividend record date is September 8, 2021, Ex- Date is September 7, 2021 and payment date is September 23, 2021.

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Zealand Investment Conference is the largest Australasian conference for influential ideas and actionable advice, attracting over 1000 investors, fund managers, CFOs and CEOs from Australia, New Zealand and around the globe. Throughout the two-day conference, attendees discuss issues affecting major markets and hear insights from policy makers, economists, political leaders and CEOs of some of Australia’s most enterprising corporations.

IGO Limited and Tianqi Lithium Corporation Announce First Lithium Hydroxide Production at Kwinana

2021-08-22 22:14:00

IGO Limited announced that the Kwinana Lithium Hydroxide Refinery (Kwinana) has produced its first lithium hydroxide chemical product. IGO holds a 49% interest in Kwinana through the incorporated lithium joint venture (Lithium JV) it formed with Tianqi Lithium Corporation (Tianqi) on 30 June 2021. Through the Lithium JV, IGO also holds a 25% indirect interest in the Greenbushes mine, the largest, highest-grade lithium mine in the world.Commissioning of the first production train, Train 1, at Kwinana, has progressed at pace over recent months with the commissioning program designed to hot commission each of the individual unit processes sequentially from calcining, acid roasting, leaching, purification and crystallisation on a batch basis, culminating in the production of the first lithium hydroxide chemical. With first lithium hydroxide production now demonstrated 1, the focus will turn to operating Train 1 on a continuous, rather than batch basis, while also progressively improving product quality to a battery grade product for qualification by the company's offtake customers. It is expected that saleable product will be produced in the December 2021 quarter and that battery grade product for accreditation by customers will be produced in the March 2022 quarter. Train 1 is expected to then progressively ramp up to the design production rate of 24ktpa lithium hydroxide by the end of 2022.

IGO, Western Areas Confirm Takeover Talks

2021-08-19 03:15:00

IGO Limited (ASX:IGO) Ltd. said on August 17, 2021 it was in preliminary talks to acquire nickel miner Western Areas Limited (ASX:WSA), as it raises its footprint in battery materials after buying a lithium stake earlier this year. The companies confirmed in brief, separate statements that they were in early-stage discussions over a deal and how to arrange due diligence, but said there was no certainty that a deal would go through. The Australian Financial Review had reported on August 18, 2021 that IGO was a likely candidate to bid for Western Areas.

IGO Limited Provides Update on Nickel-Copper Assays-Diamond Drill Hole

2021-08-17 23:28:00

IGO Limited has received advice from Joint Venture partner IGO Limited ("IGO") indicating that 95.5m of the 843m long diamond drill hole (21AFDD105) has returned anomalous nickel (Ni) above 100ppm up to 617ppm Ni from 65m. IGO are currently exploring the Symons Hill project under a JV earn-in agreement to earn 70% of the project. IGO are currently reviewing the assay results to determine the next steps which may include further drilling. The Symons Hill project is located some 6km south of IGO's Nova Operation. Matsa holds 225kmsqaure of highly prospective tenure in the Fraser Range Zone of the Albany-Fraser Orogen, which has become Australia's hotspot for nickel exploration. Other magmatic nickel-copper discoveries, including Silver Knight and Mawson, have demonstrated the mineral fertility of the area and the potential for the belt to host multiple economic deposits of similar style. A single diamond drill hole (21AFDD105) was completed to a total depth length of 843.8m. The diamond core was processed and logged, with significant visible mineralised zones sampled as half core and sent to ALS laboratory in Wangara Perth for analysis. Sulphides were noted throughout the hole, with the sulphides dominated by disseminated pyrrhotite (Po) with lesser chalcopyrite (Cp) and pentlandite (Pn). Three-phase blebby to semi-massive sulphides were present from ~215-625m down-hole with sporadic distribution and low visible nickel tenor Po>>Cp ± Pn.

IGO Limited (ASX:IGO) entered into a binding agreement to acquire Silver Knight Deposit in Australia from Creasy Group Pty Ltd.

2021-07-27 00:00:00

IGO Limited (ASX:IGO) entered into a binding agreement to acquire Silver Knight Deposit in Australia from Creasy Group Pty Ltd. on July 27, 2021. In a related transaction, IGO Limited will form a joint venture with Creasy Group (IGO 65% and Creasy Group 35%) over a portfolio of exploration tenements around Silver Knight. The combined total cash consideration is AUD 45 million. The parties will finalise full-form documentation in respect of the transaction by September 30, 2021 with completion of the transaction occurring within 5 business days thereafter.

IGO Limited to Acquire Silver Knight Deposit from Creasy Group

2021-07-26 22:14:00

IGO Limited announced that it has entered into a binding agreement with entities owned and controlled by Mark Creasy (Creasy Group) to (i) acquire 100% of the Silver Knight nickel-copper-cobalt sulphide deposit (Silver Knight), and (ii) form a joint venture with Creasy Group (IGO 65%: Creasy Group 35%) over a portfolio of exploration tenements around Silver Knight, for a total cash consideration of AUD 45 million (Transaction). The parties will finalise full-form documentation in respect of the Transaction by 30 September 2021 with completion of the Transaction occurring within 5 business days thereafter. Silver Knight was discovered by Creasy Group in 2015 and is located 35km north-east of and within trucking distance of IGO's Nova Operation. In 2018, Creasy Group estimated an open pit JORC Mineral Resource Estimate for Silver Knight which was the basis for a Mining Lease application. IGO has a planned work program to progress infill drilling at Silver Knight once the transaction is finalized, as well as progressing regulatory approvals and a Native Title mining agreement. Updated resource and reserve estimates are expected to be communicated to the market once this work is completed. In parallel, IGO will continue the exploration of the new joint venture tenements around Silver Knight, which remain prospective for the discovery of Nova-style magmatic nickel-copper-cobalt sulphide deposits.

Carawine Resources Limited and IGO Limited Announces Two New Conductors Identified At Red Bull, Fraser Range JV

2021-07-18 22:17:00

Carawine Resources Limited announced the identification of two new, highly significant bedrock conductors from recently completed MLEM surveys at the Red Bull tenements, about 30km south of IGO's Nova Operation in the Fraser Range region of Western Australia. Red Bull is part of the Fraser Range Joint Venture between Carawine and IGO Limited. IGO is managing and operating the joint venture. Currently IGO holds a 70% interest and is sole-funding an exploration program to 30 June, 2022 to earn up to an additional 6% interest. The two conductors were identified from a low-temperature SQUID ("LTS") moving loop electromagnetic ("MLEM") survey grid comprising 368 stations over an area of approximately 6km x 4km within Red Bull tenement E69/3052. The survey was designed to cover the interpreted southern continuation of the lithostratigraphic package, known as the "Snowys Dam Formation", which hosts the Nova-Bollinger deposit. Conductor RB_C is a strong and discrete late-time basement anomaly in the southwest of the survey grid, identified across three survey lines. Modelling of the conductive source of the anomaly results in a highly conductive plate at ~5,500S, approximately 275m x 275m in size, dipping at a low angle to the northeast and with a depth of approximately 320m to its top. The conductor exhibits an exponential lat e time decay curve with a long time constant of 145msec, characteristics which have the potential to indicate a sulphidic source to the anomaly. Based on these factors RB_C is considered a high priority target for follow up drill testing. Conductor RB_B is a double peak anomaly identified across two survey lines about 2km to the northeast of RB_C. Modelling of this anomaly results in a moderately conductive plate at ~2,500S, approximately 300m x 255m in size, steeply dipping to the east and with a depth of approximately 330m to its top. Despite its lower conductance levels, the location and geological setting of RB_B make it a significant target that also warrants drill testing. Both the RB_B and RB_C conductors are located in a similar stratigraphic and structural setting, within a tightly folded non-magnetic unit clearly defined in the magnetic data and interpreted to be mafic intrusive rocks within the southern continuation of the Snowys Dam Formation. A 3D magnetic inversion was conducted by IGO to assist with the interpretation of the basement geology hosting the newly discovered conductors. The inversion shows the RB_B and RB_C conductors are within low-magnetic bodies, which are most likely to be mafic intrusions. These factors increase the likelihood that the conductive source of the anomalies are related to Nova-Bollinger-style nickel-copper sulphides, as opposed to graphitic metasediment. Carawine's predecessor, Sheffield Resources Ltd. ("Sheffield"), had previously identified a conductor (referred to as "RB_A" in this announcement) from MLEM surveys immediately north of IGO's MLEM survey. Diamond hole REDD004 drilled by Sheffield established the source of the RB_A conductor as graphitic metasediment, with thick intervals of mafic intrusive rocks containing traces of magmatic sulphide intersected 1. There is a close spatial association between the drilled mafic intrusion in historic diamond drill hole REDD004 and the magnetic low units in the 3D magnetic inversion, contrasting with magnetic highs associated with graphite- and pyrrhotite-rich metasedimentary gneiss and the targeted RB_A conductor plate intersected in REDD004. This adds further confidence to the interpretation that RB_B and RB_C are within mafic intrusions.

IGO Limited Announces Board Changes

2021-06-30 22:14:00

IGO Limited announced the appointment of Mr. Michael Nossal to the role of Chair, while Mr. Peter Bilbe has transitioned to a Non-Executive Director role, effective from 1 July 2021. Mr. Nossal joined the Board as a Non-Executive Director of IGO in December 2020, with the expectation that he would transition to the Chair role over the course of 2021. Mr. Peter Bilbe, who announced his intention to retire in September 2020, will remain as a Non-Executive Director until his formal retirement at the Annual General Meeting planned in November 2021.

IGO Limited Presents at Diggers and Dealers Mining Forum, Aug-02-2021 11:55 AM

2021-06-30 19:09:00

IGO Limited Presents at Diggers and Dealers Mining Forum, Aug-02-2021 11:55 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Peter J. L. Bradford, MD, CEO & Executive Director.

IGO Limited Announces Transformational Transaction to Form New Lithium Joint Venture with Tianqi Lithium Corporation

2021-06-30 07:07:00

IGO Limited (IGO or the Company) announced that the transformational transaction to form a new lithium joint venture with Tianqi Lithium Corporation (Tianqi) over its Australian lithium assets (Transaction) has completed. Pursuant to the Transaction agreement, IGO and Tianqi have formed a new globally focused lithium joint venture (JV) which is owned 49% by IGO and 51% by Tianqi. The JV is the exclusive vehicle for lithium investments outside China for IGO and Tianqi. The JV will initially focus on the existing upstream and downstream lithium assets located in Western Australia, which comprise a 51% stake in the world-class Greenbushes Lithium Mine (Greenbushes, a joint venture with global lithium company Albemarle Corporation, 49%) and a 100% owned and operated interest in the Kwinana Lithium Hydroxide Refinery (Kwinana). Once commissioned, Kwinana will be the first fully automated lithium hydroxide refinery in Australia, producing battery grade lithium hydroxide from high quality spodumene concentrate from Greenbushes. The commissioning process for the first lithium hydroxide plant at Kwinana has commenced. This includes the formation of the owner's commissioning team and the appointment of a lead contracting firm to complete the remaining rectification work. First lithium hydroxide is expected to be produced in the second half of 2021. In addition, the restart and ramp-up of Greenbushes Chemical Grade Plant 2 has commenced and the completion and commissioning of the Tailings Retreatment Project is expected in early 2022.

IGO Limited and Tianqi Lithium Corporation Announce Board and Management Changes of the New Lithium Joint Venture

2021-06-30 07:07:00

IGO Limited (IGO or the Company) announced that the transformational transaction to form a new lithium joint venture with Tianqi Lithium Corporation (Tianqi) over its Australian lithium assets (Transaction) has completed. IGO /Tianqi JV - Board of Directors - Anqi Jiang as Chair and Frank Ha as Non-Executive Director – Representing by Tianqi and Peter Bradford and Matt Dusci as Non-Executive Directors – Representing by IGO. IGO /Tianqi JV - Management Team - Yasmin Liu as Chief Executive Officer and Raj Surendran as Chief Operating Officer – Representing by Tianqi and Struan Richards as Chief Financial Officer – Representing by IGO.