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AU & NZ ENTERPRISE PROFILES

IGO Limited - Australian Company Profile

Enterprise Type: Public Company

ASX Code: IGO

What does IGO Limited do?

IGO Limited (formerly Independence Group NL) is a locally-owned publicly listed company, deriving revenue from nickel, copper and cobalt mining and processing at the Nova Operation. The company operates in Western Australia, South Australia and Northern Territory, and is administered by its head office in South Perth, Western Australia.

Independence Group is listed on the ASX under the code IGO.

 

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IGO Limited - Products & Brands

IGO Limited (formerly Independence Group) predominantly operates in Western Australia but has expanded into a project in the Northern Territory, and divides its projects into exploration and mining operations. The company's current operations include:

Exploration

  • Lake Mackay JV - Gold exploration run in conjunction with ABM resources, located north of Alice Springs, Northern Territory
  • Fraser Range Project - Currently holds approximately 15,000 square kilometres in Fraser Range, east of Kalgoorlie in Western Australia. The underexplored site remains prospective for nickel, copper and cobalt sulphide mineralisation exploration.
  • Raptor Project - straddling the Willowra Gravity Ridge in the Eastern Tanami Province of the Northern Territory.
  • Kimberly Project - Nickel exploration in the East and West Kimberly.
  • Paterson Project - Copper-cobalt and copper-gold exploration in Paterson, Western Australia.
  • Copper Coast Project - Exploration in Gawler Craton, South Australia.
  • Frontier Project - Copper exploration in Greenland in partnership with Greenfield Exploration Ltd.

Mining operations

  • Nova Project - Involves production of nickel, copper and cobalt concentrates in the Fraser Ranges.
  • Forrestania Operation - In 2022, the Forrestania Operation was acquired by IGO as part of the acquisition of Western Areas.
  • Cosmos Project - In 2022, the Cosmos Project was acquired by IGO as part of the acquisition of Western Areas. IGO is currently developing the Odysseus Underground Mine at the Cosmos Project.
  • Lithium Joint Venture - In 2021, Tianqi Lithium Corporation (51%) and IGO Limited (49%) incorporated a new Joint Venture (JV), with a focus on developing and operating world class lithium assets.

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IGO Limited - Financial Statements

pie_chart IGO Limited Financial Profit & Loss Account

BALANCE DATE6/30/20236/30/20226/30/20216/30/20206/30/2019
Sales Revenue1,049,900845,200619,859580,139797,873
Other Revenue0000000000000000000000000
Total Revenue0000000000000000000000000
Cost of Goods Sold0000000000000000000000000
Depreciation0000000000000000000000000
R & D Expenditure0000000000000000000000000
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IGO Limited - Financial Ratios

pie_chart IGO Limited Financial Growth

BALANCE DATE6/30/20236/30/20226/30/20216/30/20206/30/2019
Total Revenue Growth16.933.413.8-25.84.0
Sales Revenue Growth0000000000000000000000000
EBITDA0000000000000000000000000
NPAT0000000000000000000000000
Shareholder's Funds0000000000000000000000000
AAAAAA AAAAAA0000000000000000000000000

pie_chart IGO Limited Financial Ratios

BALANCE DATE6/30/20236/30/20226/30/20216/30/20206/30/2019
Return on Revenue (ROR) (%)51.436.280.025.89.4
Return on Shareholders’ Funds (ROSF) (%)0000000000000000000000000
Return on Assets (ROA) (%)0000000000000000000000000
Profit Margin (%)0000000000000000000000000
Revenue per Employee ($’000 per person)0000000000000000000000000
AAAAAA AAAAAA0000000000000000000000000
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IGO Limited's Competitive Environment

IGO Limited operates in the following industries:

IGO Limited's main competitors:

  • BHP Group Limited
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Enterprise Profiles - table of contents

Enterprise Details

Get a high-level overview of IGO Limited, including registered business details, an enterprise synopsis, SWOT analysis and main brands and products.

Key Personnel

We outline the key personnel at IGO Limited by position type and title.

Enterprise Financials

Get a full view of IGO Limited’s financials, including Profit and Loss Account (Revenue, Interest, Profit and Loss, and Audit Fees) and Balance Sheet (Current Assets, Non-Current Assets, Current Liabilities, Non-Current Liabilities, Shareholders’ Equity), as well as Number of Employees, Number of Share on Issue, Market Capitalisation and Earnings per Share where available. Note: we do not provide a full financial details for all company profiles.

Growth & Ratios

Get a clearer picture of IGO Limited’s performance, with key financial ratios and data on financial growth.

Operating Segments

Understand the main operating divisions of IGO Limited, including Revenue and Assets under each Segment, Industries and Geographic Locations IGO Limited operates in.

Competitor Benchmarking

Compare IGO Limited’s financial ratios and growth to peers in their industries of operation for a clearer picture of performance.

Industries of Operation

Get an overview of the industries that IGO Limited operates in, including market share breakdowns and key industry insights.

Major Shareholders

We outline the ultimate parent and largest shareholders of IGO Limited.

Subsidiaries

View a list of IGO Limited’s associated companies, holding company, joint ventures and trusts, both domestic and international.

History

Find out more about the history and background of IGO Limited, including founding information, past announcements, mergers and major projects.

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Included in Report

  • Enterprise History & Synopsis
    Enterprise History & Synopsis
  • Enterprise Financial Statements
    Enterprise Financial Statements
  • Financial Ratios
    Financial Ratios
  • Industry Averages
    Industry Averages
  • Competitive Landscape
    Competitive Landscape
  • Key Enterprise Personnel
    Key Enterprise Personnel
  • Subsidiaries & Ownership Structure
    Subsidiaries & Ownership Structure

Why buy this enterprise profile on IGO Limited?

IBISWorld enterprise profiles enable you to:

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The profile on IGO Limited includes:

  • Enterprise History and Synopsis
  • Overview of Brands and Products
  • Enterprise Financial Statements and Financial Ratios
  • Key Enterprise Personnel
  • Subsidiaries, Shareholders and Ownership Structure
  • Service Providers

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