BRIEF-IGO Ltd Says FY Production And Cash Cost Guidance For Greenbushes Remains Unchanged

Reuters04-30

April 30 (Reuters) - IGO Ltd :

* FULL YEAR PRODUCTION AND CASH COST GUIDANCE FOR GREENBUSHES REMAINS UNCHANGED

* QTRLY SALES REVENUE A$160.8 MILLION

* 3Q24 GROUP SPODUMENE PRODUCTION 280KT

* MAJOR SHUTDOWN IS SCHEDULED FOR THE SEPTEMBER 2024 QUARTER AT KWINANA – TRAIN 1

* TO TRANSITION COSMOS INTO CARE AND MAINTENANCE

* EXPECTS COSMOS WILL HAVE TRANSITIONED INTO FORMAL CARE AND MAINTENANCE DURING THE COMING QUARTER.

* 3Q24 GROUP UNDERLYING EBITDA LOSS OF A$15.0M

* FORRESTANIA’S FY24 CAPITAL EXPENDITURE IS EXPECTED TO FINISH THE YEAR TOWARD THE BOTTOM END OF GUIDANCE

* QTRLY GROUP TOTAL COPPER IN CONCENTRATE PRODUCTION 2,069 T

* QTRLY GROUP TOTAL NICKEL IN CONCENTRATE PRODUCTION 6,527 T

* EXPECTS FULL YEAR PRODUCTION AT NOVA TO BE MARGINALLY BELOW THE LOWER END OF GUIDANCE.

* CARE AND MAINTENANCE COSTS ARE ANTICIPATED TO BE BETWEEN A$12M - A$15M PER ANNUM AT COSMOS

* TOTAL EXPENDITURE FOR WIND-DOWN AND OPERATING ACTIVITIES AT COSMOS IN 4Q24 IS FORECAST TO BE A$40M - A$60M

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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