IGO : Greenbushes Site Visit Presentation

For personal use only

ASX RELEASE

29 JULY 2022

GREENBUSHES LITHIUM OPERATION

SITE VISIT PRESENTATION

IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach presentation materials which will be used during a site visit to the Greenbushes Lithium Operation (Greenbushes) on Sunday 31 July 2022.

The presentation provides an overview of the geology, mining and processing operations, as well as information relating to the capital works projects underway to increase processing capacity at Greenbushes and strengthen site infrastructure to support higher mining and processing rates.

This announcement is authorised for release to the ASX by Peter Bradford, Managing Director & CEO

For further information contact:

Richard Glass

Investor & Media Relations Manager

T: [phone]

1. [e-mail]

Suite 4, Level 5	PO Box 496	T. [phone]	igo.com.au	Page 1
85 South Perth Esplanade	South Perth WA 6951	F. [phone]	IGO Limited
South Perth WA 6151	Western Australia	E. [e-mail]	ABN 46 092 786 304

onlyuse

personalGreenbushes Lithium Operation

Site Visit Presentation

31 July 2022

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Greenbushes - Project Overview

A world-class hard rock lithium project

only	Located ~250km from Perth and 90km from the Port
		of Bunbury
use	Long history of mining with first tin mining
commencing in the late 1800s1
personal	First lithium mining commenced in 19831
		Established mining operation with strong
		community and government support
		1. Source: Talison Lithium website
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Greenbushes

A globally significant hard rock lithium resource

only				Global Hardrock Lithium Projects1
2.5			Core Lithium													World's largest and highest grade hard rock
			15		52											lithium operation
				1.32		Sigma
						1.43
				James Bay Nemaska
	2.0				40	56
(%Li20)use				1.40	1.40
			Premier African	Rio Tinto -
			20
					Jadar
			1.06
				Mt Marion	139
										AVZ
					73	1.78									August 2021 MRE/ORE update increased:
			1.20		189		Greenbushes	401
			Mt Cattlin		1.37	Mt Holland
			11						1.65
1.5					Firefinch		1.50			360					•	Mineral Resources ▲52%
					1.45	Kathleen Valley	Wodgina		1.50
					109	1.35		Pilbara Minerals						•	Ore Reserves ▲20%
						Liontown -
							156
Grade						Piedmont		259	1.14							with the addition of the Kapanga Deposit	2
					44
personal									1.17	309
1.0					1.08	NAL - Sayona
							58
							1.01
				Sepeda			Critical Elements
							35
				10		Infinity Lithium	0.92
				1.00		111	Bald Hill				Production
	0.5					0.61							Growth in MRE/ORE supports continued
					0.96
					Sayona
			Keliber			27
				16								Development				expansions and a ~24 year mine life
				1.05		Mibra
			Liontown -
						21
						1.01
				Buldania		25	Ioneer					Exploration
				15		1.05	147
				0.97		0.16
	-
	-	50		100	150	200	250	300	350	400		450	500
								Resource Tonnes (Mt)
	1.	Data sourced from public filings. Resource estimates for projects other than Greenbushes may have been prepared using different estimation and reporting methodologies. IGO has not verified and accepts no responsibility for the
		accuracy of resource estimates other than its own. Readers should use appropriate caution in relying on this information
r	2.	% increase is based on contained nominal 6% lithia (Li2O) comparing the most recent August 2021 Mineral Resource and Ore Reserve and the prior Mineral Resource and Ore Reserve as reported March 2018.	3

Greenbushes

A key supplier of spodumene concentrate to global markets

Mined lithium output market share, 2021e (%)1

personal use only

Chengtun

Yelonggou

4%

Youngy Co

3%

Other

7%

Yichin TaNb

6%

Alkem

8%

Pilbara Minerals

14%

AMG Jiangte Mining

2% 1%

Talison

39%

Ganfeng/MRL

16%

Australian hard rock lithium resources are critical to global lithium supply

Greenbushes accounted for ~38% of global hard rock lithium output in 2021, and 22% of total global lithium market1

Hard rock lithium accounted for ~60% of global production in 20211

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1.

Source: Tianqi Lithium Corporation Global Offering Prospectus (Competent Persons Report), Dated 30 June 2022

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