IGO (ASX:IGO) said it expects to recognise an additional share of net loss related to its 49% stake in the Kwinana Lithium Hydroxide Refinery in Western Australia, held through Tianqi Lithium Energy Australia, according to a Monday filing with the Australian bourse.
The impairment testing at the refinery is incomplete, and IGO is working to assess the extent of the impairment, the filing said.
IGO anticipates reflecting a substantial pre-tax impairment in its financial results for the half-year ending Dec. 31, 2024, due for release on Feb. 20, the filing added.
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