Rationalisation of Exploration Expenditure for 2016

Summary by 6ix AI

IGO Limited has announced a rationalisation and prioritisation of its exploration expenditure for the year, responding to weak base metals prices. Exploration activities at Long have been suspended, leading to job redundancies, but production guidance remains unaffected. The company will also scale back regional exploration expenditures and focus on three key greenfields projects.

Written by 6ix AI from the company’s filing. How 6ix writes summaries