IGO ( (AU:IGO) ) just unveiled an announcement.
IGO Limited announced the 2024 JORC Code reportable estimates for its Greenbushes Lithium Operation, highlighting significant lithium concentrate production and a minor decrease in mineral resource estimates due to mining depletion. The company is embarking on a strategic review to enhance the value of its resources and has identified promising drilling results that may boost future resource estimates, positioning Greenbushes as a key player in the global lithium market.
More about IGO
IGO Limited operates in the mining industry with a focus on lithium resources. The company holds a 24.99% indirect interest in Talison’s Greenbushes Lithium Operation through a joint venture with Tianqi Lithium Corporation. This partnership is part of their strategic involvement in lithium production for electric vehicles and energy storage applications.
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Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.25B
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