Igo Limited · ASX:IGO
Igo — Independence Group NL — RIU Explorers Conference 2019
28 slides from Igo's conference presentation, Feb 21, 2019
Slide 1: RIU Explorers Conference 2019
For personal use only INDEPENDENCE GROUP NL RIU Explorers Conference 2019 Ian Sandl - General Manager, Exploration 21 February 2019 Making A Difference
Slide 2: Cautionary Statements & Disclaimer
Cautionary Statements & Disclaimer • This presentation has been prepared by Independence Group NL (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any For personal use only securities in IGO or as an inducement to make an offer or invit
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 2018 Mineral Resource and Ore Reserve announcement dated 20 February For personal use only 2019 and lodged with the ASX for which Competent Person’s consents were
Slide 4: Our Winning Aspiration: globally relevant supplier of metals critical for clean energy
Our Winning Aspiration is to be a globally relevant supplier of metals that are critical for clean energy and future generations For personal use only Globally relevant supplier of metals that are critical to energy storage and renewable energy Delivered by Vertically integrated to produce battery g
Slide 5: A Streamlined Asset Portfolio
A Streamlined Asset Portfolio Strategic focus on minerals critical to energy storage and For personal use only electric vehicles IGO EBITDA Profile (A$M)(1) 600 500 400 300 200 100 - FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19e FY20e FY21e Long (A$M) Jaguar (A$M) Tropicana (A$M) Nova (A$M) 1) Macquarie
Slide 6: Tropicana
Tropicana • 30% IGO & 70% AngloGold Ashanti For personal use only Tropicana Production (100%) & AISC (managers) Gold production (oz) AISC (A$/oz) 600,000 1,200 • Higher gold production and lower costs expected in FY19 500,000 1,000 • 8.0Mtpa processing rate achieved 400,000 800 in 1H19 • 10 year min
Slide 7: Tropicana – 5km strike of mineralisation
Tropicana – 5km strike of mineralisation(1) Boston Shaker PFS complete(2) For personal use only 1) 1) Refer Refer to to AGA 3 Aug IGO ASX release dated 20 Feb2018: 2019:Tropicana Site Visit CY18 Mineral Resource & Ore Reserve Statement 7 2) Refer to ASX release dated 20 Dec 2018: Pre-Feasibility Stu
Slide 8: Nova
Nova • Successful first year of commercial For personal use only production with 1.5Mtpa nameplate capacity exceeded • Nova – Bollinger grade control completed • Underground capital development expected to be completed in FY19 Nova Metal Production in Concentrate Tonnes 8,000 7,344 7,574 4.50 6,854
Slide 9: Nova Underground Mine Design & Drilling
Nova Underground Mine Design & Drilling Grade control and underground capital development substantially complete For personal use only 9
Slide 10: Nickel sulphate hexahydrate crystals produced from Nova nickel concentrate
For personal use only Nickel sulphate hexahydrate crystals produced from Nova nickel concentrate • Demonstrated technical feasibility of process route • Test work validated and improved upon previous metallurgical assumptions indicating potential for lower capex & opex • Prefeasibility underway 1) P
Slide 11: Discovery
For personal use only Discovery 11
Slide 12: A$51M committed to discovery in FY19
A$51M committed to discovery in FY19 For personal use only FY19 Exploration Budget 12
Slide 13: Our People
Our People Assembling a vibrant and talented group; Investing in expertise and youth For personal use only Aspiring to be Best in Class in exploration and discovery capability 13
Slide 14: Technology, Innovation and R&D
Technology, Innovation and R&D A core enabler for discovery For personal use only • Integrating technologies, innovation and R&D into our IGO is focused on technology, innovation and work streams R&D as a core enabler for discovery • Across all scales from microscopic to continental scale • Embedded
Slide 15: Exploration Portfolio
Exploration Portfolio Aligning to new strategy For personal use only • Five projects divested/sold or dropped (most were small VMS or gold) • Two project expansions: Ni,Cu ─ Fraser Range (Ni-Cu-Co) Ni,Cu ─ Lake Mackay (Cu, Ni, Co, Au) Cu • Six new belt-scale projects: Cu,Ni ─ Three staked 100% IGO (
Slide 16: Fraser Range
Fraser Range Belt-scale opportunity through consolidation of 15,000km 2 For personal use only September 2015 February 2019 ~400% tenure increase in ~3½ yrs • Largest tenure holder in Fraser Range • Leveraged to Nova and Tropicana infrastructure 16
Slide 17: Nova Near-mine Exploration
Nova Near-mine Exploration Drill, drill, drill... For personal use only Aim • To extend the Nova Operation LOM Drilling • Two surface DDH rigs testing seismic targets for remainder of FY19 (>10 targets; >20,000m) • Search space around Nova Operation can be up to and potentially beyond 2,000m below s
Slide 18: Fraser Range Exploration – Widowmaker JV drill targets
Fraser Range Exploration Widowmaker(1) JV drill targets For personal use only Strong Ni-Cu & VMS drill targets on Widowmaker tenement adjacent to Creasy’s Silver Knight discovery: • Celestial – AC drilling directly above a discrete magnetic anomaly intersected elevated Ni, Co, Pt, Au • Ecliptic – Ai
Slide 19: Andromeda Discovery
18ARFD007: Typical breccias of quartz/chert clasts in Fraser Range a pyrrhotite-chalcopyrite matrix (540.4m); and bottom: chalcopyrite-rich matrix (left) adjacent to >10cm clasts dominated by dark silica/chert and sphalerite (right) Andromeda Discovery For personal use only • Four diamond drill hole
Slide 20: Fraser Range Exploration – Regional aircore geology and geochemistry
Fraser Range Exploration Regional aircore geology and geochemistry For personal use only • 3,097 aircore holes drilled in 2018 (total 150,639m) • First-pass spacing very broad (nominally 3 x 0.8km) • Extensive high-MgO mafic/ultramafic cumulate rocks • Some with disseminated magmatic sulphides (pyrr
Slide 21: Lake Mackay Exploration
Lake Mackay Exploration Belt scale greenfields project For personal use only Unexplored Proterozoic belt prospective for base and precious metals is unlocked via Central Land Council agreement: • 14 granted Exploration Licences for >8,500km 2 • 7 additional EL applications (total project area ~13,00
Slide 22: Lake Mackay JV Exploration – Grimlock and Swoop prospects
Lake Mackay JV Exploration Grimlock and Swoop prospects For personal use only Grimlock: Up to 2.52% Co, 1.12% Ni, 46.4% Mn, 0.3g/t Pt in rock samples (1) Swoop: Up to 2.0% Co, 1.0% Cu, 11.2% Mn in rock samples (2) • Duricrusts developed on (sulphide-bearing?) ultramafic phases of Andrew Young Igneou
Slide 23: Raptor Exploration
Raptor Exploration Conceptual belt-scale Ni-Cu project For personal use only Centered on continental-scale Willowra Gravity Ridge: interpreted as major mafic-ultramafic province along NAC margin: • 14,550 km2 project with 5 granted tenements (3,025 km2) on pastoral leases (east end) • 16 EL applicat
Slide 24: West Kimberley Exploration JV
West Kimberley Exploration JV Belt-scale early mover opportunity for Ni-Cu-Co For personal use only 1.88 Ga Greater Kimberley Ni Province (cf. Thompson, Raglan) • Hosts Savannah Ni-Cu-Co deposit in Halls Creek Orogen (HCO) • King Leopold Orogen (W Kimberley) analogous geology to HCO: ─ Part of globa
Slide 25: Yeneena JV Exploration
Yeneena JV Exploration Australia’s Hottest Copper Address For personal use only Opportunity, Paterson Province • Large strategic land position (1,250km 2) in district with proven copper fertility (Nifty, Maroochydore, Telfer, new ‘Winu’ discovery); Elephant country! • Active majors (Rio Tinto, Newcr
Slide 26: Generative Exploration
Generative Exploration Early stage generative projects Cu For personal use only Frontier, Greenland (Greenfields Expl./IGO) • Zambia Copperbelt-like setting for sediment-hosted Cu-Co • Reconnaissance program in 2018 confirmed prospectivity • Larger program planned in 2019 500km Copper Coast, SA (100
Slide 27: Concluding Comments
Concluding Comments For personal use only Commitment to value transformation through discovery & strategic acquisitions Delivered through excellence, with a focus on people and strategic belt-scale positions Innovation, technology and R&D are core enablers for discovery Developed an exciting portfol
Slide 28: For personal use only
“FOLLOW US _ “AS WE GO FROM.
Independence Group NL — RIU Explorers Conference 2019 on 6ix