Igo Limited · ASX:IGO
Igo — Independence Group NL — Corporate Update (December 2016)
21 slides from Igo's corporate update, Dec 15, 2016
Slide 1: Tropicana – Value Enhancement Update
INDEPENDENCE GROUP NL For personal use only Tropicana – Value Enhancement Update 15 December 2016
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 personal use only for or purchase any securities in IGO or as an inducement to make an offer or invit
Slide 3: Key Highlights
Key Highlights For personal use only Optimising and Maximising Tropicana Gold Mine Optimising Tropicana Life of Mine Current Operational Value Enhancement (Long Island Study) Ore Reserve increased by 1.4Moz, Successful completion of plant or 58% over past 6 months, net of expansion to 7.5Mtpa wi
Slide 4: Value Enhancement
Value Enhancement For personal use only Relative NPV % Difference between 2016 Business Plan and current Value Enhanced LoM % NPV variance Increased plant throughput 17% to 7.5Mtpa Accelerated mining and % Relative Different 42% grade streaming Long Island Study Dec 20% 2016 Update with LoM extensio
Slide 5: Exploration: Framework and Resource Extension Drilling
Exploration Framework and Resource Extension Drilling For personal use only 160,000m of drilling completed as part of Long Island Study ~40,000m at Boston Shaker and Havana South still to be captured in resource model updates Significant results continued to be returned from Havana South and Boston
Slide 6: Significant Drilling Results Havana South
Exploration Significant Drilling Results Havana South For personal use only 1) Refer to ASX Release dated 15 December 2016 – Tropicana Value Enhancement Update 6
Slide 7: Significant Drilling Results Boston Shaker
Exploration Significant Drilling Results Boston Shaker For personal use only 1) Refer to ASX Release dated 15 December 2016 – Tropicana Value Enhancement Update 7
Slide 8: Mineral Resource
Mineral Resource For personal use only Tropicana Gold Mine 100% basis (IGO 30%) 31 December 2016 Mineral Resource (and 30 June 2016 comparison) Mineral Resources - 30 June 2016 Mineral Resources - 31 December 2016 Tonnes Au Grade Contained Gold Tonnes Au Grade Contained Gold (Mt) (g/t) (Moz) (Mt) (g
Slide 9: Mineral Resource
Mineral Resource For personal use only • Mineral Resource extremely robust • Mineral Resources at Havana, Tropicana and Boston Shaker constrained to pit designs at Reserve gold price • Based on the Long Island mining strategy with in-pit dumping of waste • Havana South contained in Optimised shell a
Slide 10: Ore Reserve
Ore Reserve For personal use only Tropicana Gold Mine 100% basis (IGO 30%) 31 December 2016 Ore Reserve (and 30 June 2016 comparison) Ore Reserves - 30 June 2016 Ore Reserves - 31 December 2016 Contained Gold Contained Gold Tonnes Au Grade Tonnes Grade (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Classificatio
Slide 11: Resource to Reserve Conversion
Resource to Reserve Conversion For personal use only Open Pit Resource and Reserve Comparison Open Pit Resource to Reserve Conversion Mineral Resource Ore Reserve Open Pit (Moz) (Moz) Tropicana Tropicana 0.88 0.82 15% Havana 2.38 2.20 23% Havana Havana South 1.91 0.43 93% Boston Shaker 0.51 0.08 Tot
Slide 12: Long Island Mining
For personal use only Long Island Mining 12
Slide 13: Long Island Mining
Long Island Mining For personal use only Long Island Study based on strip mining strategy designed to significantly reduce waste mining costs: • Short, horizontal hauls to backfill void, instead of conventional longer hauls out of the pits to remote, elevated waste dumps • Modification of the mining
Slide 14: Mining Fleet and Grade Streaming
Mining Fleet and Grade Streaming For personal use only Optimisation of Mining Fleet Caterpillar 6060, 600 tonne class Reduced waste mining costs and hydraulic shovel operational at increased mining rates to Tropicana as of November 2016 approximately 80Mtpa Recommencement of Grade Streaming Caterpil
Slide 15: Processing Plant
Processing Plant For personal use only • Successful completion of the processing plant expansion to 7.5Mtpa achieved in the December 2016 quarter • Further plant improvement planned for CY17 designed to increase throughput by additional 200 - 400ktpa beyond current 7.5Mtpa rate via • Crushing and mi
Slide 16: Guidance and Direction
Guidance and Direction For personal use only FY17 Guidance (IGO 30%): Directional Production and AISC 1 • Capitalised Waste Stripping increased from $29M to $36M to revised forecast of $37M to $43M due koz A$/oz 600 1,250 to accelerated mining rates and grade 1,200 streaming 550 1,150 • Improvement
Slide 17: Timetable of Events
Timetable of Events Long Island For personal use only Q3-Q4 CY16 • Resource model update, optimization and scheduling Q3 CY17 CY19 • Mineral Resource and Ore Reserve • Joint Venture business gating • Initial Long Island cutback to Update decisions with Long Island commence in CY19 when the capture
Slide 18: Concluding comments
Concluding comments Tropicana – Value Enhancement For personal use only Future Catalysts • Potential for additional Resource and Reserve growth (mid CY17) • Plant expansion up to 7.9Mtpa (end CY17) • Completion of Long Island Study (mid-CY17) 58% increase in the Ore Reserve from June 2016 8 Moz Mine
Slide 19: Appendix
For personal use only APPENDIX 19
Slide 20: Mineral Resource
Mineral Resource For personal use only Tropicana Gold Mine 100% basis (IGO 30%) 31 December 2016 Mineral Resource (and 30 June 2016 comparison) Mineral Resources - 30 June 2016 Mineral Resources - 31 December 2016 Tonnes Au Grade Contained Gold Tonnes Au Grade Contained Gold Classification (Mt) (g/t
Slide 21: Ore Reserve
Ore Reserve For personal use only Tropicana Gold Mine 100% basis (IGO 30%) 31 December 2016 Ore Reserve (and 30 June 2016 comparison) Ore Reserves - 30 June 2016 Ore Reserves - 31 December 2016 Contained Contained Tonnes Au Grade Gold Tonnes Grade Gold (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) Classificatio
Independence Group NL — Corporate Update (December 2016) on 6ix