IGO (IGO-AU) 4QFY26 Analyst Meeting Highlights

English summary

CGP3 post-fire restart and ramp-up: The company stated that CGP3 is expected to restart within the next few days and maintain strong production from August. Before the fire, CGP3's overall ramp-up was progressing significantly faster than planned, with ore throughput and recovery rates already showing strong levels. The project maintains its original plan to complete ramp-up by end-2026, but actual performance after restart still needs to be verified through equipment startup. The FY27 production guidance of 1.55-1.75 million tonnes already incorporates CGP3 restart ramp-up and operational improvements. Subsequent adjustments to the full-year guidance will be made based on restart and operational optimization progress. Ore grade: Greenbushes has re-entered the high-grade core orebody, but ore allocation will be differentiated according to each concentrator's design requirements, with CGP1 receiving higher feed grade, while CGP2 and CGP3 receive relatively lower feed grades. ...