With Greenbushes a Low-Cost Mine, IGO Stands to Benefit at a Range of Lithium Prices

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.