INDEPENDENCE GROUP NL WKN: 765651 ISIN: AU000000IGO4 Kürzel: IGO Forum: Aktien Thema: Hauptdiskussion

Heute nach Börsenschluss kam folgendes: LITHIUM BUSINESS – DIVIDEND UPDATE IGO Limited (ASX: IGO) (IGO or the Company) is pleased to advise of the receipt of A$159.3M in dividend payments from Tianqi Lithium Energy Australia (TLEA)1 with respect of the June 2024 Quarter. This brings total dividends received from TLEA during FY24 to A$761.4M. The release of cash reserves maintained by both Windfield Holdings (Windfield)2 and TLEA follows the draw down of spodumene concentrate stockpiles at Greenbushes3, the amendment to the spodumene concentrate pricing mechanism during the March Quarter and the reduction in volatility across the broader lithium market in recent months. Further, the recent refinancing of the Windfield debt facility4 has provided funding to support the ongoing capital expenditure and growth program at Greenbushes. IGO’s Managing Director and CEO, Ivan Vella commented, “The substantial dividend IGO has received from TLEA during FY24, during a period of heightened market volatility and complexity, is testament to the value our lithium business can generate through the cycle. We are continuing to work with our partners at Tianqi and Albemarle to grow the value generated from Greenbushes for the benefit of all shareholders.”