Ann: Impairment of Western Areas Assets, page-24

Thanks itsunderground, interesting observation that the decision to book such a high impairment means that when the highly esteemed ex-Rio captain, Ivan Vella, starts at IGO  “no later than December 11, it’s to a clean slate.
But it seems entirely possible that this was a factor,  as per @arsenic post earlier.

Another ‘thing’ that I feel is worth remembering relates to the final sentence in that The West report shared today from Danielle Le Messurier and Jordan Murray.
Wyloo was a significant other in the WSA deal, and presumably had some say in the higher price IGO ended up paying last year,  and since earlier last year has also been an important strategic partner for IGO in advancing the proposed  shared battery metals processing plant in Kwinana that is on the table ..

https://www.wyloometals.com/news/20...e-downstream-nickel-processing-opportunities/
NB, as per links on that page, the alliance seems to be going great guns so far with land for the plant secured as of April 14*, and Wyloo announcing less than two weeks back that it is to acquire Mincor resources and become a major nickel sulphide producer….

The expression ‘wheels within wheels’ comes to mind.

“P14/04/23: “*Key workstreams required before a Final Investment Decision can be made include engaging a partner with experience in PCAM production, delivery of a Feasibility Study in mid-2024, environmental permitting and approvals, broad stakeholder engagement and the achievement of key commercial outcomes. ​

IGO and Wyloo are currently advancing discussions with a global battery chemical manufacturer who have indicated strong interest in partnering in the Project. This is an important step in integrating the parties’ technologies with IGO’s critical minerals to capture value across the supply chain.”​

Cheers