IGO Limited (ASX: IGO) Updates on Kwinana Lithium Hydroxide Refinery
Kwinana Refinery Operations Update
IGO Limited (ASX: IGO) has announced that its shareholders in Tianqi Lithium Energy Australia (TLEA) have agreed to halt all activities for Lithium Hydroxide Plant 2 (LHP2) at the Kwinana facility. This decision follows ongoing assessments and strategic discussions.
Impairment Testing Process
As part of this update, IGO is conducting an impairment testing process concerning the Kwinana Refinery. It anticipates recognising an additional share of net loss related to a significant pre-tax impairment in its financial results for the half-year ending 31 December 2024. The final impairment value will be provided in the announcement of the company’s 1H25 Financial Results on 20 February 2025.
Executive Comments
This announcement was authorised for release by Ivan Vella, Managing Director and CEO of IGO Limited.
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