Igo Limited · ASX:IGO
Igo — RIU Explorers Conference 2020
30 slides from Igo's conference presentation, Feb 18, 2020
Slide 1: IGO Limited – RIU Explorers Conference
For personal use only IGO Limited RIU Explorers Conference 18 February 2020
Slide 2: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by IGO Limited (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or For personal use only as an inducement to make an offer or invitation with
Slide 3: Competent Person's Statements
Competent Person’s Statements • Any references to IGO Mineral Resource and Ore Reserve estimates should be read in conjunction with IGO’s Annual Update of Exploration Results, Mineral Resources and Ore Reserves For personal use only dated 30 January 2020 (Annual Statement) and lodged with the ASX fo
Slide 4: Corporate Strategic Focus
Corporate Strategic Focus Strategically focused on metals critical to clean energy For personal use only Globally High-quality Relevant Products Vertically Proactively Integrated People Green 4
Slide 5: Clean Energy Metals
Clean Energy Metals Nickel and copper to benefit most from clean energy revolution For personal use only Leverage to clean energy Strong macro support Ni Critical cathode raw material for lithium ion batteries Increasing intensity in cathodes Underinvestment in new supply Established base de
Slide 6: 1H20 Financial and 4Q19 Results Highlights
1H20 FY19Financial and 4Q19Results Highlights Highlights Record half yearly profit and strengthening balance sheet For personal use only Record half yearly NPAT result Cash of A$453M (up 118%) A$100M (up ~11,000%) Net Cash of A$396M (up 322%) Underlying EBITDA(1) Underlying Free Cash Flow(2) A$271M
Slide 7: Sustainability
Sustainability Demonstrated commitment to best in class sustainability practices For personal use only Nova hybrid solar PV-diesel facility completed – set to reduce emissions by ~6,500t CO2/year 2019 Sustainability Report published IGO included in Dow Jones Sustainability Index at 78th percentile 7
Slide 8: Exploration & Discovery
For personal use only Exploration & Discovery 8
Slide 9: Enduring Commitment to Exploration and Discovery
Enduring Commitment to Exploration and Discovery Increased exploration budget in FY20 to accelerate organic growth opportunity For personal use only FY20 Exploration Budget A$6M A$3M A$4M A$26M A$3M A$66M A$24M Nova Fraser Range Tropicana West Kimberley Lake Mackay Other Greenfields & Generative 9
Slide 10: Exploration Project Pipeline
Exploration Project Pipeline Commitment to unlock the mines of the future For personal use only IGO Exploration Pipeline Battery metal deposit styles Ni-Cu-Co DeBeers Cu-Co (Au) (+Ni-Co) Greenbushes Li Li Generative West Kimberley Lake Mackay East Kimberley Ni sulphide Generative Yeneena Merlin Rapt
Slide 11: Albany Fraser Orogen
Albany Fraser Orogen Opportunity to unlock significant value through discovery For personal use only Mafic / ultramafic intrusions with nickel/copper sulphides identified along the entire belt Gold (including outside Tropicana JV) and VMS Copper-Zinc prospects also identified Systematic exploration
Slide 12: Tropicana Near-mine schematic
Tropicana Near-mine schematic For personal use only Boston Shaker Tropicana Havana BS 04 Havana South BS 03 Stg 2 Stg 3 Stg 1 Tropicana Underground Potential N 1 km Havana South Havana Underground Potential Underground Potential 0.3 g/t Wireframe 3.0 g/t Grade Shell 12
Slide 13: Havana Underground
Havana Underground Tropicana brownfields exploration points to underground upside For personal use only Highlighted drill holes(1) 36m @ 4.71 g/t (169 g*m) 19m @ 7.69 g/t (146 g*m) 30m @ 3.87 g/t (116 g*m) 23m @ 4.95 g/t (114 g*m) 34m @ 3.35 g/t (114 g*m) Study underway 1) Refer: Annual Update of Ex
Slide 14: Tropicana JV Exploration
Tropicana JV Exploration Increasing focus on regional exploration For personal use only Regional exploration review completed; targets prioritised for 2020 Key gold prospects include Voodoo Child, New Zebra and Wild Thing Expanded budget in CY20 with a focus on drilling 14
Slide 15: Nova & Fraser Range
Nova & Fraser Range Parallels to other belt scale Ni sulphide mineral systems For personal use only Albany Fraser Belt (0.3Mt Ni metal) Thompson Belt (2.7Mt Ni metal) 15
Slide 16: Nova Near Mine
Nova Near Mine Significant opportunity to unlock value through discovery For personal use only Target Generation Target Definition (+/- initial testing) Drill Testing 16
Slide 17: Nova Near Mine – Nova Deeps
Nova Near Mine Underground drilling the “Nova Deeps” For personal use only 7 underground holes drilled in 2Q20 Ni-Cu-Co sulphide breccia ~50m below Nova Positive results from hole NBU1987 1.18m @ 1.11% Cu, Two new sulphide zones identified 0.2g/t Au, 12g/t Ag (from ~342m)(1) Follow up drilling plann
Slide 18: Nova Near Mine – Brownfields potential southwest of Nova
Nova Near Mine Brownfields potential southwest of Nova For personal use only Strong drilling results southwest of Nova Nova - Bollinger Kaon 1 Kaon 2 Disseminated and blebby magmatic nickel and copper sulphides in numerous holes (A & B below) Follow-up drilling planned in 2020 Griffin Chimera Astero
Slide 19: Fraser Range Exploration Program
Fraser Range Exploration Program Extensive work program ahead For personal use only Regional Exploration results for follow-up: • Ni-Cu mineralised prospects e.g. Mammoth • Au mineralisation e.g. Themis • Untested EM conductors e.g. Aquila • Aircore geochemical/geological targets e.g. Zanthus 2020 P
Slide 20: Lake Mackay
Lake Mackay Belt-scale multi-commodity opportunity For personal use only Belt scale land position in the Northern Territory Land position >18,000km2 of granted ELs + EL applications Grimlock, Phreaker and Arcee prospects identified Drilling planned next quarter Potential for multiple discoveries 1)
Slide 21: Lake Mackay JV – Grimlock nickel-cobalt laterite
Lake Mackay JV(1) Grimlock nickel-cobalt laterite(2) For personal use only Nickel / cobalt / manganese in extensive surface laterite blanket Metallurgical test work conducted to understand leachability at atmospheric pressure – initial results encouraging Shallow drilling and further leach testing p
Slide 22: Kimberley Projects
Kimberley Projects Geologically similar to Fraser Range – exploring for more Nova's For personal use only Proven mineralised belts with Savannah Mine and Merlin discovery Landholding expanded to ~13,000km2 across West and East Kimberley Systematic exploration planned, targeting nickel, copper and co
Slide 23: Raptor Project – Northern Territory
Raptor Project – Northern Territory First mover on prospective nickel-copper-cobalt belt For personal use only ~17,000km2 land position across Willowra Gravity Ridge Targeting outcropping to shallow-covered Palaeoproterozoic geology Aeromagnetic-radiometric surveys to complete detailed coverage 23
Slide 24: Frontier Project – Greenland
Frontier Project – Greenland Generative project focused on tier-1 copper discovery For personal use only Maiden systematic exploration field program conducted during 2019 Prospects with widespread copper identified from detailed mapping/sampling program High-priority areas of interest identified for
Slide 25: Exploration Innovation and Technology
Exploration Innovation and Technology Strategy and focus For personal use only 3D Seismic (hard rock) interpretation Electromagnetic (EM) geophysical technology development Resistate indicator minerals for targeting (leveraging the De Beers Australia-wide sample collection) 25
Slide 26: Seismic Interpretation
Seismic Interpretation 3D model driven by seismic data has helped identify intrusive networks For personal use only Interpreted Nova intrusive system 26
Slide 27: Core Scanning and EM Technology Development
Core Scanning and EM Technology Development Harnessing and developing new technology to enhance exploration success For personal use only Rapid hyperspectral scanning mineral mapping DHEM Probes A potential breakthrough to maximise seismic Potential to reduce noise in DHEM data measurements 27
Slide 28: People
People Best in class team focused on delivering exploration success For personal use only Diverse team with broad skills and experience 97% retention rate over past two years Focus on safety as 2020 field season commences 28
Slide 29: Concluding Comments
Concluding Comments We are bold, passionate, fearless and fun – a smarter, kinder, more innovative company For personal use only IGO is generating strong free cash flow and is primed for transformative growth We have an enduring strong commitment to Exploration and Discovery Our best-in-class team a
Slide 30: Making a Difference
For personal use only We believe in a world where people power makes amazing things happen. Where technology opens up new horizons and clean energy makes the planet a better place for every generation to come. We are bold, passionate, fearless and fun - a smarter, kinder, more innovative company. Ou