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Production overview - 2023: copper 59091 t; 2020: copper 68291 t.

The mine employs large-scale longhole open stoping methods with a combination of cemented rock fill and paste fill. A cemented paste backfill system was commissioned in October 2017. The operation utilises a conventional flotation process and extracts approximately 3 million tonnes of ore per year. The processing plant was planned to be upgraded to a capacity of 3.0 Mtpa by the end of 2023.

The mining fleet is composed of Sandvik machines, including nine TH663i and three TH663 trucks, and seven LH621i and one LH621 LHDs. The fleet also includes four Sandvik DL421 production drills, three Sandvik DD421 development rigs, and a Rhino 100HM boxhole borer. The mine utilises the RCT system for remote loader activities and is implementing the LiveMine system for data recording. Due to the commencement of additional capital development for Lode 1, a new DD421-60C Jumbo was scheduled to arrive on site in late Q3 2022. There was also consideration of upgrading the load and haul fleet with a new LH621i loader and a TH663i truck in the latter half of 2022.

An expansion project for the Lode 1 orebody, located less than a kilometre from the existing lode, was completed in 2024. This project included significant underground capital development and major upgrades to the ventilation and paste plant facilities. Stoping in the new lode began in the third quarter of 2023. The Lode 1 expansion is expected to enable the operation to deliver 3 million tonnes per annum. Exploration is ongoing, with a focus on untested potential at depth. Barrick and Ma'aden have also signed new joint venture agreements for two additional exploration projects, Jabal Sayid South and Umm Ad Damar.

over 360 full-time operational jobs and 700 jobs during its construction phase.

The NewRange Project is located in the established Iron Range mining region of northeastern Minnesota and consists of two deposits: NorthMet and Sunrise (formerly Mesaba). The project is currently in the permitting stage. In May 2025, the NorthMet Project was designated as a Transparency Project by the US federal government to prioritise and streamline the federal permitting process.

The NorthMet deposit is planned as an open pit operation. The initial plan for the NorthMet operation is for a processing rate of 32,000 tons per day. NewRange is studying the potential to increase this to 40,000 tons per day.

The planned processing for the NorthMet project will involve a beneficiation plant and a hydrometallurgical plant. The process will include primary and secondary crushing, a new SAG mill and a new ball mill. Ore will be processed through rougher flotation to produce a bulk copper and nickel concentrate, which will then be reground and separated in a cleaner flotation circuit. The hydrometallurgical plant will involve pressure treatment of concentrates and precipitation of gold and platinum group metals.

In partnership with Glencore.

Prior to the suspension announcement, the construction workforce was reduced from approximately 400 to 300 people in March 2024. Following the decision to suspend the entire Western Australia Nickel operations, it was announced that the 1,600 frontline employees would be offered redeployment within BHP or redundancies.

The mine was expected to produce an average of approximately 35,000 tonnes of nickel and 41,000 tonnes of copper annually during the first five years of operation.

Production overview - 2022: nickel 720000 t, copper 790000 t.

The project plans to use a mineral processing plant with a capacity of 10-12 million tonnes per annum (Mtpa). The processing method involves a grinding circuit with two stages of crushing followed by two parallel vertical roller mills and a bulk flotation circuit to produce separate copper and nickel concentrates. Key equipment suppliers include Metso Outotec for the cone crusher and flotation units. GR Engineering was contracted for the design and construction of the processing plant.

The West Musgrave Project, along with BHP's other Nickel West operations, will be temporarily suspended from October 2024. BHP plans to review this decision by February 2027. The suspension is due to an oversupply in the global nickel market. Project construction was at 30 per cent completion when the suspension was announced.

In 2013, the Forrestania Operation employed over 500 people. Barminco served as the primary underground mining contractor from December 2004.

The Flying Fox mine is an underground nickel operation located in the Forrestania Greenstone Belt, approximately 400 kilometres east of Perth in Western Australia. It was part of the broader Forrestania Operation, which included the Spotted Quoll mine and the Cosmic Boy concentrator. The mine was first opened by Outokumpu in 1992, operating until 1998. Western Areas recommenced production in 2006. IGO Limited acquired Western Areas in June 2022, and subsequently sold the Forrestania assets, including the Cosmic Boy plant, to Medallion Metals Limited in March 2026, while retaining nickel and lithium exploration rights. Production at Flying Fox ceased in November 2023 due to reserve depletion, and the broader Forrestania Operation transitioned to care and maintenance in September 2024.

The Forrestania Operation, including Flying Fox, produced 14,028 tonnes of nickel in the 2021-22 financial year and 22,915 tonnes in the 2022-23 financial year. The Flying Fox mine alone produced 12,426 tonnes of contained nickel in the 2016 financial year and 2,990 tonnes of nickel in concentrate in 2008.

Ore from Flying Fox was processed at the Cosmic Boy concentrator using conventional flotation technology. This process involved a three-stage crushing circuit, a ball mill, and flotation tanks to produce nickel concentrate.

Underground mining fleet included five trucks and five loaders. Processing plant: Cosmic Boy concentrator with crushers and grinding mills. Primary underground mining contractor: Barminco.

The Cosmic Boy concentrator, which processed ore from Flying Fox, had its annual processing capacity expanded from 300,000 to 550,000 tonnes. It was later reported to have a capacity of up to 600,000 tonnes per annum.

expected to create over 360 full-time jobs and 700 construction jobs

The NewRange Copper Nickel project, formerly known as the NorthMet project, is located in northeastern Minnesota and is operated by NewRange Copper Nickel LLC. This entity is a 50:50 joint venture formed in February 2023 between Teck Resources and PolyMet Mining Corp. (now a subsidiary of Glencore). The project is situated approximately six miles south of Babbitt, with ore processing planned for the former LTV taconite plant near Hoyt Lakes. The project is currently in the permitting and development phase. Key permits have been subject to legal and regulatory challenges, with some being revoked or stayed, leading to a suspension of the contested case hearing process until at least August 2025. NewRange is undertaking studies to assess potential changes to the project's design, including tailings storage, water quality measures, and increasing production from 32,000 to 40,000 tons per day. This could potentially shorten the mine life from 20 to 15 years, while the total permitted tonnage of 225 million tons would remain unchanged.

increasing production from 32,000 to 40,000 tons per day

The processing will involve crushing, grinding, and flotation to produce copper and nickel-copper concentrates.

NewRange is undertaking studies to assess potential changes to the project's design, including tailings storage, water quality measures, and increasing production from 32,000 to 40,000 tons per day. A potential second phase could include a hydrometallurgical plant to further process nickel concentrates.

more than 360 direct operations jobs and 700 construction jobs

The NewRange Copper Nickel project consists of two separate mineral deposits in northeastern Minnesota: NorthMet and Mesaba. The project is currently in the permitting and study phase. In June 2023, the U.S. Army Corps of Engineers revoked the project's Section 404 Clean Water Act Permit. The Minnesota Department of Natural Resources has also delayed proceedings for the permit to mine, with resolution not expected until at least late 2025, pending the outcome of ongoing studies. These studies are assessing potential changes to the project's design, including tailings storage, water treatment, and production efficiency.

initial planned ore processing rate is 32,000 tons per day, though studies are underway to potentially increase this to 40,000 tons per day.

primary crushing circuit, a semi-autogenous grinding (SAG) mill, a ball mill, and a flotation circuit to produce copper and nickel-copper concentrates. A second phase may include a hydrometallurgical plant to further process nickel sulfide concentrates.

conventional open pit, truck and shovel operation, primary crushing circuit, semi-autogenous grinding (SAG) mill, ball mill, flotation circuit

A second phase may include a hydrometallurgical plant to further process nickel sulfide concentrates. Studies are underway to potentially increase the initial planned ore processing rate from 32,000 tons per day to 40,000 tons per day.

The Electric Vehicle Battery Recycling (EVBR) Project is a proposed development located at Teck Resources' existing Trail Operations. In 2023, Teck advanced the project proposal and was seeking collaboration with commercial partners and governments to support the business case. The project is currently in an exploratory or evaluation phase. The purpose of the project is to expand the recycling program at Trail to recover critical minerals from end-of-life lithium-ion batteries (LIBs) from electric vehicles and electronic goods. The recovered battery-grade materials, such as lithium, nickel, cobalt, and manganese, would then be supplied to EV battery production facilities in North America.

capacity to recycle up to 35,000 tonnes of LIB materials per year

If the project proceeds, it is expected to have the capacity to recycle up to 35,000 tonnes of LIB materials per year, which is equivalent to approximately 140,000 EV batteries. The facility would process dismantled EV batteries to recover the valuable critical minerals.

The NorthMet project is expected to create over 360 full-time operational jobs and 700 jobs during peak construction. As of late 2024, there were approximately 50 employees working on the project.

The project is a 50:50 joint venture between subsidiaries of Teck Resources and PolyMet Mining, which is majority-owned by Glencore. It combines the NorthMet and Mesaba deposits in Minnesota's Duluth Complex. The project is currently in the permitting stage and is facing legal and regulatory challenges. Several key permits have been revoked or suspended, and the Minnesota Department of Natural Resources has stayed its review of the Permit to Mine until at least August 2025. NewRange is studying potential changes to the project design, including increasing production from 32,000 to 40,000 tonnes per day, which could shorten the mine life from 20 to 15 years.

The processing plan for NorthMet involves crushing, grinding, and flotation to produce copper and nickel-copper concentrates. A second phase, which is optional, includes the construction of a hydrometallurgical plant to further process nickel sulfide concentrates.

The mining operation will use conventional truck and shovel methods. The processing plant for the NorthMet project will include a new semi-autogenous grinding (SAG) mill and a ball mill.

NewRange is studying potential changes to the project design, including increasing production from 32,000 to 40,000 tonnes per day, which could shorten the mine life from 20 to 15 years.

360 (operations), 700 (construction)

The NewRange Copper Nickel Project, formerly known as NorthMet, is located in northeastern Minnesota. The project is a 50:50 joint venture between Teck Resources and PolyMet Mining Corp., which is a subsidiary of Glencore. The joint venture company is named NewRange Copper Nickel LLC. The project is currently in the permitting stage, which has been subject to delays and legal challenges. The Minnesota Department of Natural Resources has suspended proceedings on the project until August 2025 while the company studies potential changes to the project's design.

processing 32,000 tonnes of ore per day (Phase I)

refurbishment of the former LTV Steel Mining Company processing plant; new semi-autogenous grinding (SAG) mill, ball mill, and flotation circuit

new semi-autogenous grinding (SAG) mill, ball mill, flotation circuit

Phase II includes the construction and operation of a hydrometallurgical plant to further process nickel sulfide concentrates.

Nearly 295,000 tonnes of Odysseus ore were processed between November 2023 and May 2024.

The mine consists of two underground ore deposits, Bollinger and Nova. Product is transported from the mine by truck in closed containers to the Port of Esperance for export by sea.

Production overview - 2025: nickel 16371 t, copper 7324 t, cobalt 581 t; 2023: nickel 22915 t, copper 10266 t, cobalt 803 t.

The Nova Project has a processing plant. A Reverse Osmosis Plant is also on site.

The site includes a heavy vehicle washbay, an underground fuel bay, and a workshop for servicing CAT excavators and loaders.

400-600 (estimated during production)

Production overview - 2025: zinc 203168 t; 2024: zinc 50307 t.

The mine has a new concentrator, which was completed in May 2024. Its initial capacity was 800,000 tonnes of ore per annum. A debottlenecking program completed in 2025 increased the throughput capacity by 20% to 960,000 tonnes of ore per annum. The plant uses dense media separation, milling, and flotation.

Production overview - 2025: nickel 2089 t; 2024: nickel 4374 t.

The operation included the Cosmic Boy processing facility, which processed ore from the Flying Fox and Spotted Quoll underground mines.

Following the depletion of nickel reserves, IGO completed the sale of the Forrestania assets to Medallion Metals in March 2026 for no cash consideration. Medallion Metals intends to use the acquired infrastructure, including the Cosmic Boy processing plant, for its Ravensthorpe Gold Project.

over 160 employees

Production overview - 2025: nickel 16371 t, copper 7324 t, cobalt 581 t; 2024: nickel 20806 t, copper 9922 t, cobalt 735 t.

The Nova Operation has a processing plant that produces nickel and copper concentrates, which also contain cobalt. The concentrator has a capacity of 1.8 million tonnes per annum.

The underground mining fleet includes loaders and trucks. A Sandvik LH517 loader was part of a remote operation trial. A Safescape Bortana Battery Electric Light Vehicle (BELV) has also been trialled at the site. The processing plant includes single-stage crushing and a concentrator.

IGO announced in March 2025 that the Nova mine is expected to reach its end of life by late 2026. The company is now focused on managing the remaining life of the mine with a focus on safety, stable production, and managing costs. A final Mine Closure Plan is scheduled for submission in mid-2026. The mining services contract with Barminco has been extended for 29 months from 1 July 2024. The operation has an expanded solar farm and battery installation, allowing it to run on 100% renewable power for significant periods.

The Gryphon project is an early-stage exploration property located at the southern end of the Carlin Trend in Nevada, USA. Torex Gold Resources Inc. acquired the project through its acquisition of Reyna Silver, which was completed in August 2025. The project is at the target definition stage. The property covers more than 12,000 hectares and is situated in the Diablo Range, between the Carlin and Eureka-Battle Trends in north-central Nevada. Exploration by previous operators has identified the potential for silver, lead, and zinc mineralisation within a carbonate replacement deposit system, as well as the potential for epithermal gold mineralisation. Historic exploration has also indicated the presence of copper and nickel.

The Lake Mackay Project is a large-scale, underexplored tenement package considered prospective for a range of deposit styles, including copper-gold-silver, nickel-cobalt-manganese, and orogenic gold. Exploration activities, including drilling, are ongoing. In May 2022, IGO and Prodigy Gold restructured their agreement, resulting in Prodigy Gold holding a majority interest in the gold tenements, while IGO retains the majority share of the base metal tenements. Recent exploration has focused on several prospects, including Phreaker (copper-gold), Arcee (gold), and Goldbug (gold). Drilling at the Phreaker prospect in 2022 and 2023 returned encouraging polymetallic results.