IGO Ltd

IGO: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Production Miss at Greenbushes Does Not Impair IGO's Long-Run Outlook

Esther Holloway, Lochlan Halloway

Apr 27, 2026

Business Strategy and Outlook

IGO’s primary asset is a noncontrolling 25% stake in the Greenbushes mine, the world’s largest and lowest-cost hard rock lithium operation. The mine is operated by Talison Lithium, a joint venture between IGO, Albemarle, and effective controller Tianqi Lithium. IGO is entitled to a dividend from Talison, paid out of free cash flow.

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IGO Ltd

Production Miss at Greenbushes Does Not Impair IGO's Long-Run Outlook

Business Strategy and Outlook

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