By Digifin Pty Ltd · About this coverage
Key Points
- Mining and processing at Nova have concluded after almost a decade of production
- Nickel production of 21,340t, 7% above the top end of guidance
- Cash costs of A$3.90/lb payable nickel, 8% below the lower end of updated guidance
- Divestment of Nova to Global Lithium Resources expected in the coming weeks
About IGO (ASX:IGO)
IGO Limited is an ASX-listed mining company headquartered in South Perth, Western Australia. It holds an interest in the Greenbushes lithium mine and the Kwinana lithium hydroxide refinery through a joint venture with Tianqi Lithium, and has operated the Nova nickel, copper and cobalt operation in the Fraser Range region.
IGO (ASX:IGO) announced that mining and processing at the Nova Nickel Operation have concluded, almost a decade after production began, with final production above the top end of life of mine guidance.
Following the final reconciliation, LOM production for FY26 and FY27 was 21,340t of nickel, 9,517t of copper and 765t of cobalt, against revised LOM guidance of 19,000 – 20,000t, 8,500 – 9,500t and 650 – 750t respectively. Nickel production finished 7% above the top end of guidance. Cash costs were A$3.90/lb of payable nickel, 8% below the lower end of updated LOM guidance of A$4.25 – 5.00/lb, and compared with original LOM guidance of A$5.90 – 6.90/lb. IGO reports cash costs inclusive of royalties and after by-product credits. The Nova team is now completing demobilisation at site.
The divestment of Nova to Global Lithium Resources Limited has not yet completed; IGO expects it in the coming weeks. The release gives no revenue, sale proceeds or closure cost figures.
Source: IGO Limited (ASX:IGO), 9 November 2026. Summary content supplied by Digifin Pty Ltd.
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