Acquisition of Western Areas Limited
Enhances IGO's nickel exposure
Significantly increases IGO's nickel production, nickel reserves and extends mine life
FY22e Nickel
Production (kt)1
Nickel LOM²
25-27
+63%
16-17
41 - 44
~6 years
10+ years
-4 years
164
Nova
Forrestania Pro forma IGO
Nova
Forrestania
Cosmos
igo
WESTERN AREAS LTD
igo
igo
WESTERN AREAS LTD
WESTERN AREAS LTD
Nickel Ore
Reserves (kt)³
65
99
+169%
212
441
207
Nickel Mineral
Resources (kt)³
285
+455%
igo
656
1,148
Nova
Forrestania Cosmos
Pro forma
IGO
Nova
Forrestania Cosmos
Pro forma
IGO
WESTERN AREAS LTD
WESTERN AREAS LTD
igo
igo
igo
WESTERN AREAS LTD.
WESTERN AREAS LTD
igo
1. FY22 guidance for nickel in concentrate production is 25-27kt at Nova and 16-17kt at Forrestania. Refer WSA ASX Release titled "Western Areas long term production profile & FY22 guidance metrics", released 30 July 2021; 2. Refer WSA ASX Release titled
"Corporate Presentation – November 2021", released 18 November 2021; 3.As per IGO CY20 Mineral Resource and Ore Reserve Statement (ASX: 17 March 2021) and Western Areas September Quarterly Presentation (ASX: 28 October 2021).
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