The Cosmos Project primarily comprises the development of the Odysseus underground mine focused on the production of nickel concentrate, containing nickel and cobalt metal.
In late January 2024, IGO made the difficult decision to transition Cosmos into care and maintenance. The transition, which is expected to be concluded by 31 May 2024, will prioritise the safe preservation of the Cosmos assets and the completion of select key workstreams include finishing the wet commissioning of the processing plant and processing of existing ore on the ROM pad.
During the transition to care and maintenance, IGO will also assess the value of continuing work on select exploration programs to increase the size and definition of the mineral resource, in particular the AM5 and AM6 orebodies, and optimising the mining and materials handling methods. IGO intends to protect the optionality to restart Cosmos in the future should market conditions improve. |