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Update: IGO Reports Fire at CGP3 Lithium Plant in Western Australia; Shares Fall 4%

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(Updates with the stock movement in the headline and last paragraph.)

IGO (ASX:IGO) said a fire broke out at its chemical grade plant 3 (CGP3) at the Greenbushes lithium operation on Tuesday and was extinguished without causing any injuries, according to a Wednesday Australian bourse filing.

Talison Lithium has initiated an investigation to determine the cause and extent of the damage and to evaluate the necessary repairs, per the filing.

Operations at CGP1 and CGP2 were not impacted, and Greenbushes production is still forecast to remain on track to meet the company's fiscal 2026 spodumene concentrate guidance of 1.4 million tonnes, the filing added.

The company's shares fell nearly 4% in recent Wednesday trade.

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