The Nova deposit was discovered in July 2012, with development of the current operation commencing in January 2015. Following a successful construction and commissioning phase, the operation commenced commercial production in July 2017, and reached its nameplate production rate in the December 2017 quarter.
Production FY24
In FY24, Nova achieved total production of 20,806 tonnes of nickel, 9,922 tonnes of copper, and 735 tonnes of cobalt at a cash cost of A$3.99/lb Ni (payable).
FY25 Guidance
Metal Production
Nickel: 16,000 to 18,000 tonnes
Copper: 6,250 to 7,250 tonnes
Cobalt: 550 to 650 tonnes
Cash Costs (payable)
A$4.80 to A$5.80/lb Ni
IGO’s guidance contains forward-looking statements including, but not limited to, assumptions made for future commodity prices, foreign exchange rates, costs and mine scheduling. Achievement of guidance is dependent on meeting target assumptions. Full year guidance ranges reflect an average of the expected outcome for the year, and Quarter on Quarter results can vary significantly from annual guidance.
Sustainability at Nova
Sustainability is at the core of Nova's operating philosophy. Where possible, our team seek to minimise the impact of our operations on the environment and our local communities.
In FY24, the solar farm expansion at Nova reached practical completion. The expanded solar farm consists
of a 10MW solar farm, 10-megawatt/12-megawatt hour battery energy storage system, and synchronous
condensers – complementing the existing 5.5MW solar farm which was completed in 2019.
The expansion has allowed Nova to be one of the first mining operations to achieve ‘engines off’ by operating on solar power without generators for extended periods during the day in the spring and
summer.
Nova has also continued with underground battery electric vehicle trials of the Zero light vehicle and a Volvo battery electric integrated tool carrier; and commissioned a Sandvik all-electric blast hole drill.
MAKING A 
