OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor IGO ASX

IGO Limited

Producer · Lithium · Nickel · Copper · Cobalt · Australia · United States Rating locked: sign in to view v8 · igo-20261024t184706-full
Last 2026-11-06
A$4.96
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$3.8B
EV
A$3.3B
Cash
A$386.5M
Debt
A$0
2 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

8 assets

Core asset

Greenbushes Lithium Mine

Australia

Producer24.99% ownedLithium

Operating; CGP3 resumed early August 2026 after June fire

Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
1.7%
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal457 Mt1.6% Li2OLithium2025-12-31
Ore Reservetotal176 Mt1.9% Li2OLithium2025-12-31

Material

Kwinana Lithium Hydroxide Refinery

Australia

Ramping Producer49% ownedLithium

Operating with persistent structural cost challenges

Processing plant / refinery · Operating
Product and spec
Lithium hydroxide monohydrate; 99.1% battery-grade FY26 output
Nameplate capacity
24.0k t/yr
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
Greenbushes spodumene concentrate through TLEA
Offtake contracted
—

Material

Nova Nickel Operation

Australia

Producer100% ownedNickelCopperCobalt

Operating through planned December quarter cessation; conditional sale

Producer · Producer
Production annualised (attributable)
NM
Production (last FY, 100%)
15.3k t
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
0.5 yrsd
Head grade
1.5%
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal0.5 Mt1.62% Ni, 0.65% Cu, 0.054% CoNickel · Copper · Cobalt2026-06-30
Ore Reservetotal0.5 Mt1.44% Ni, 0.63% Cu, 0.050% CoNickel · Copper · Cobalt2026-06-30

Other

Cosmos Project

Australia

Care And Maintenance100% ownedNickelGoldLithium

Preserved minimal-spend state after dewatering ceased

Care and maintenance · Care and maintenance
Nameplate capacity
—
Restart capex
—
Contained metal (attributable)
—
Last production year
—
Target restart
—

Other

Copper Wolf Project

United States

Early Explorer100% ownedCopper

Full ownership acquired June 2026; permitting and access underway

Exploration · Early explorer
Ownership
100%
Commodity
Cur
Country
USr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Other

Forrestania retained nickel and lithium rights

Australia

Early Explorer100% ownedNickelLithium

Retained rights after plant sale; withdrawn South Iron Cap target excluded

Exploration · Early explorer
Ownership
100%r
Commodity
Nir
Country
AUr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

Other

Forrestania contingent gold royalty

Australia

Early Explorer100% ownedGold

Up to 1.5% future gold NSR; no current forecast receipts

Royalty / stream · Pre production
Royalty type
net smelter return
Rate
1.5%
Underlying asset and operator
Forrestania gold tenements operated by Medallion
Operator's stage
Pre production
Attrib. royalty units per year
—
Royalty receipts (12M)
—
Our attributable value
Locked

Other

BioHeap technology

Australia

Early Explorer100% ownedCopperLithiumGold

Proprietary BioHeap technology; unproved copper commercialisation. Broader exploration opportunities remain qualitative in report.

Exploration · Early explorer
Ownership
100%r
Commodity
Cur
Country
AUr
Best recent intercept (grade x width)
—
Metres drilled (12M)
—
Exploration spend (12M)
—

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)