IGO Limited (ASX:IGO) Announces Impairment Update for Kwinana Lithium Hydroxide Refinery
Impairment Notification
IGO Limited (ASX:IGO) has provided an update regarding the Kwinana Lithium Hydroxide Refinery. The company, which holds a 49% interest in Tianqi Lithium Energy Australia (TLEA), is currently assessing the carrying value of the refinery. As part of this process, IGO anticipates recognising a substantial pre-tax impairment in its financial results for the half-year ended 31 December 2024. The final quantum of the impairment is still being determined.
Future Reporting
The full details regarding the impairment value are expected to be disclosed alongside IGO’s 1H25 Financial Results, which will be announced on 20 February 2025. This update highlights IGO’s commitment to adhering to accounting standards as it prepares for its financial reporting.
Executive Comments
This announcement is authorised for release to the ASX by Ivan Vella, Managing Director and CEO of IGO Limited.
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