IGO Ltd September 2026 Quarterly Activities Report
Key points
- Greenbushes achieved record production and improved cash costs
- Nova concluded operations with strong final quarter performance
- Group underlying EBITDA increased by 49% to $176.1M
- Net cash reduced to $376.3M following dividend payments
- Strategic Options Review at Greenbushes identified significant value opportunities
Full summary
IGO Ltd's September 2026 Quarterly Activities Report highlights record production at Greenbushes, with 435kt of spodumene concentrate produced, and a 7% reduction in cash costs to $418/t. Nova operations concluded with an outstanding final quarter, with nickel production expected to exceed Life of Mine (LOM) guidance. Greenbushes EBITDA margin improved to 83%. Group underlying EBITDA increased by 49% to $176.1M, while underlying free cash flow decreased to $39.7M. Net cash reduced to $376.3M following a $37.9M dividend payment. The Strategic Options Review at Greenbushes identified significant value opportunities across resource and reserve optimization, mine design, scheduling, recovery, and product grade.
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