IGO has been endeavor a strategic evaluate in an try and revaluate its assets, in addition to rationalize its broader exploration portfolio.
In January, the corporate had flagged it might put its Cosmos nickel mission in Western Australia into care and upkeep on account of decrease costs.
IGO had recorded an impairment cost of A$171.8 million for its Cosmos and Forrestania nickel property, including to an almost A$1 billion writedown in 2023.
The Mt Goode deposit is part of the Cosmos mission, whereas Silver Knight varieties a component within the Nova nickel-copper-cobalt operation.
Final week, mining large BHP Group stated it would droop its Western Australia nickel operations, as international nickel producers grapple with a plunge in steel costs and an oversupply out there.
($1 = 1.4793 Australian {dollars})
(By Archishma Iyer; Enhancing by Mohammed Safi Shamsi and Sherry Jacob-Phillips)