Igo Limited · ASX:IGO

Igo — Independence Group NL — RIU Sydney Resources Roundup 2013

32 slides from Igo's conference presentation, May 16, 2013

  1. Slide 1: Growing a Great Australian Mining Company

    GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY RIU Sydney Resources Roundup Presentation Chris Bonwick, Managing Director 16th May 2013

  2. Slide 2: Disclaimer

    DISCLAIMER L For personal use only l Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. All statements, othe

  3. Slide 3: Financial Summary

    FINANCIAL SUMMARY L For personal use only Capital Structure: ASX 200 Code : IGO 232.9M l shares Financials: Market Cap. (26/4/13): A$798.8M Cash (end Mar Qtr 2013): A$ 55.6M Debt (end Mar Qtr 2013): (A$ 14.0M) March Qtr 2013 NPAT (unaudited): A$ 6.6M Year to Date: A$ 23.1M Dividends: Total Dividends

  4. Slide 4: Tropicana Gold Project

    TROPICANA GOLD PROJECT L L IGO 30%, AGA 70%, MANAGER For personal use only NEW AUSTRALIAN GOLD PROVINCE UNDERl SAND l DUNES 4

  5. Slide 5: Tropicana Gold Project

    TROPICANA GOLD PROJECT L IGO 30%, AGA 70%, MANAGER For personal use only l References : IGO & AGA 4/12/2012 ASX Releases for Tropicana Gold Project Mineral Resource Estimate IGO & AGA 27/7/2011 ASX Releases for Reserve Estimate 5

  6. Slide 6: Tropicana Gold Project

    TROPICANA GOLD PROJECT L IGO 30%, AGA 70%, MANAGER For personal use only PROJECT UNDER CONSTRUCTION: l  Project 84% complete at 31st March 2013**  First production estimated December Qtr 2013  CAPEX Estimate IGO share A$246M – A$254M  IGO Spend A$183M Estimate A$66M remaining** ^  IGO attributa

  7. Slide 7: Tropicana Gold Project: 2012 Domestic Gold Production Comparison

    TROPICANA GOLD PROJECT L  2012 DOMESTIC GOLD PRODUCTION COMPARISON For personal use only Gold Ounces Top 20 Australian Gold Mines by Production 2012 l 800,000 700,000 Tropicana* (100%) 600,000 500,000 400,000 Tropicana* (30% IGO) 300,000 200,000 100,000 0 Source: * Based on BFS Production Years 1-3

  8. Slide 8: Tropicana Gold Project: Upside Studies & Potential

    TROPICANA GOLD PROJECT LL  UPSIDE STUDIES & POTENTIAL For personal use only ll References : IGO & AGA 4/12/2012 ASX Releases for Tropicana Gold Project Mineral Resource Estimate IGO & AGA 27/7/2011 ASX Releases for Reserve Estimate 8

  9. Slide 9: Tropicana Gold Project: Significant Down Plunge Potential

    TROPICANA GOLD PROJECT L LL  SIGNIFICANT DOWN PLUNGE POTENTIAL l For personal use only ll Drill widths approximate true widths 9

  10. Slide 10: Tropicana Gold Project: Significant Regional Potential

    TROPICANA GOLD PROJECT L LL  SIGNIFICANT REGIONAL POTENTIAL l For personal use only ll  Tenement Area 13,480 km2  Of the 60 Geochem Prospects ~ 32 have been drilled with RC or DD  Geochem Coverage over 7,000 km2  Of the 32 Prospects drilled ~14 have  Geochem Based Prospects ~ 60 drill intercep

  11. Slide 11: Tropicana Gold Project: Fly Through

    TROPICANA GOLD PROJECT L  FLY THROUGH For personal use only l 15

  12. Slide 12: Long Nickel Operation (IGO 100%)

    LONG NICKEL OPERATION (IGO 100%) L For personal use only  Record^ Annual 2012 Production – 9,995t Ni (2011/12 Guidance 8,800-9,200t Ni). l  IGO produced over 89,000t Ni since acquisition.  June 2012 Ore Reserve 41,900t Ni and Mineral Resource 76,600t Ni.  Exploration success continues to add to

  13. Slide 13: Long Nickel Operation: Celebrating 10 Years of Low Cost Nickel Production

    LONG NICKEL OPERATION (IGO 100%) L  CELEBRATING 10Yrs OF LOW COST NICKEL PRODUCTION For personal use only l Net Margin 10 YEAR PRODUCTION AVERAGE Cash Cost + Royalties A$4.12/lb Ni Realised Price A$10.06/lb Ni 13

  14. Slide 14: Long Nickel Operation: Deposits & Targets Longitudinal Projection

    LONG NICKEL OPERATION (IGO 100%) L  DEPOSITS & TARGETS LONGITUDINAL PROJECTION For personal use only l References: IGO 19/10/2012 ASX Release: Annual Report for Long Nickel Mine Mineral Resource and Ore Reserve Statement IGO 30/4/2013 ASX Release : Quarterly Activities Report to 31 March 2013 14

  15. Slide 15: Jaguar Operation: Production Update & Operational Improvements

    JAGUAR OPERATION (IGO 100%) L  PRODUCTION UPDATE & OPERATIONAL IMPROVEMENTS For personal use only ZINC-COPPER-SILVER GUIDANCE FY 13 OPERATION 2012/13 l YTD Production (Zn Tonnes) 27,000 – 28,000 23,126 Production (Cu Tonnes) 5,000 – 6,000 3,372 Production (Ag ozs) 700,000 – 800,000 678,882 *Cash Co

  16. Slide 16: Jaguar & Bentley: Bentley Deposit

    JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT  New high grade mining plan For personal use only  2 years of developed long hole ore (lower cost) l Reference: IGO ASX Release 30/04/2013 for ASX March 2013 Quarterly Report. 16

  17. Slide 17: Jaguar & Bentley: Bentley Deposit

    JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT For personal use only  Discovered – 2008 Development – 2011 First Stoping – Sept Qtr 2012 l Bentley - Mineral Resource Total Tonnes Cu % Zn % Ag g/t Au g/t Total Resource 2,914,000 1.9 10.2 134 0.7 Bentley – Contained Metal Cu t Zn t Ag Moz Au oz Total

  18. Slide 18: Jaguar & Bentley (IGO 100%)

    JAGUAR & BENTLEY (IGO 100%) L  Under-explored 50km long prospective Cu-Zn-Ag VMS corridor.  High Prospectivity around existing 3 mines. For personal use only  Ten Cu-Zn-Ag alteration anomalies under- cover being systematically l tested. Golden Grove Gossan Hill : discovery history Bentley Deposit

  19. Slide 19: Stockman Project (IGO 100%)

    STOCKMAN PROJECT (IGO 100%) L Currawong Deposit Wilga Deposit For personal use only l Stockman Total Tonnes Cu % Zn % Ag g/t Au g/t Total Ore Reserve 8,432,000 2.3 4.3 39 1.1 Total Resource 13,986,000 2.1 4.3 38 1.0 Reference: IGO ASX Release 19/10/2012 for Annual Report: Stockman Project Mineral Re

  20. Slide 20: Stockman Project: Exploration Potential

    STOCKMAN PROJECT (IGO 100%) L EXPLORATION POTENTIAL For personal use only l Reference: IGO ASX Release 30/04/2013 for ASX March 2013 Quarterly Report.  New Eureka and Bigfoot (gold rich) VMS discoveries  IGO high powered TEM system detected “Eureka” below Bigfoot  Significant untested regional po

  21. Slide 21: Karlawinda Gold Project (IGO 100%)

    KARLAWINDA GOLD PROJECT (IGO 100%) L PROSPECTIVE GOLD CORRIDOR  Scoping Study commenced. For personal use only  Current Mineral Resource 674,300 oz Au l  Potential to increase resources down dip and along strike. Reference: IGO 28/06/2012 ASX Release for Karlawinda Gold Project Mineral Resource E

  22. Slide 22: De Beers Database: Unlocking the Potential

    DE BEERS DATABASE (IGO 100%) L L UNLOCKING THE POTENTIAL l For personal use only  De Beers Targets Under Review l  69 Gold Anomalies  26 Base Metal Anomalies  16 Other/Strategic Metal Anomalous base metal and sulphur rich gossan Anomalies found by Independence Group geologists following upstream

  23. Slide 23: IGO Strategic Objectives

    IGO STRATEGIC OBJECTIVES  Future Target : Annual Sustainable Cash Flow of up to A$200M from Operations For personal use only A$M Cash Flow from Operations 225 Target Annual Cash Flow with Tropicana, Long & Bentley 175 at full production 125 75 25 * Cash Flow from Operations does not 45.2 30.2 58.9

  24. Slide 24: IGO Transformation

    IGO TRANSFORMATION L GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY l  Planning for the Next Ten Years  Continue and improve our excellent safety record  Pay consistent dividends  Target annual sustainable Cash Flow of up to A$200M from Operations  Target Low cash costs Long: A

  25. Slide 25: Contact Details

    INDEPENDENCE GROUP L L  CONTACT DETAILS l For personal use only l Perth Office Chris Bonwick, Managing Director Suite 4, Level 5, South Shore Centre 85 South Perth Esplanade South Perth, Western Australia, 6151 PO Box 496, South Perth, Western Australia, 6951 Telephone: +61 8 9238 8300 Facsimile: +

  26. Slide 26: Appendix: Reserves and Resources Statements

    L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 26

  27. Slide 27: Reserves and Resources: Long Nickel Operation

    RESERVES AND RESOURCES L For personal use only LONG NICKEL OPERATION Mineral Resources 30 June 2012 l 30 June 2012 Ore Reserve Cut-off 1% Ni at Economic Ni Cut-off Classification Tonnes Ni% Ni Tonnes Classification Tonnes Ni% Ni Tonnes LONG Measured 47,000 3.7 1,700 LONG Indicated 220,000 5.1 11,200

  28. Slide 28: Reserves and Resources: Tropicana Gold Project JV

    RESERVES AND RESOURCES L For personal use only TROPICANA GOLD PROJECT JV l Mineral Resources Ore Reserves December 2012 June 2011 Contained Contained Tonnes Grade Gold Tonnes Grade Gold Classification (Mt) (g/t)1 (Moz)2 Classification (Mt) (g/t)3 (Moz)4 Measured 29.8 2.1 2.03 Indicated 76.4 2.0 4.78

  29. Slide 29: Reserves and Resources: Jaguar / Bentley Operation

    RESERVES AND RESOURCES L For personal use only JAGUAR / BENTLEY OPERATION JAGUAR / BENTLEY OPERATION Mineral Resources 30 June 2012 l Ore Reserve 30 June 2012 Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Tonnes Cu% Zn% Ag g/t Au g/t JAGUAR Measured 429,000 2.5 4.4 61 - JAGUAR Proven 73

  30. Slide 30: Reserves and Resources: Stockman Project

    RESERVES AND RESOURCES L For personal use only STOCKMAN PROJECT l Mineral Resources 30 June 2012 Ore Reserve January 2013 Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Tonnes Cu% Zn% Ag g/t Au g/t CURRAWONG Indicated 9,548,000 2.0 4.2 42 1.2 Proven 0 0 0 0 0 Inferred 781,000 1.4 2.2 23

  31. Slide 31: Reserves and Resources: Karlawinda Gold Project

    RESERVES AND RESOURCES L For personal use only KARLAWINDA GOLD PROJECT : l BIBRA DEPOSIT (INFERRED RESOURCES - JUNE 2012) Tonnes Au Grade Contained Au Mineralisation Type (Mt) (g/t) (oz) Laterite 2.2 1.1 77,100 Upper Saprolite 0.9 1.1 31,000 Lower Saprolite 1.9 1.1 63,600 Transitional 2.1 1.0 68,200

  32. Slide 32: Competent Persons Statements

    COMPETENT PERSONS STATEMENTS L For personal use only l Notes: The information in this summary presentation that relates to Exploration Results is based on information compiled by Mr Christopher M Bonwick who is a full-time employee of the Company and is a member of the Australasian Institute of Mini

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