Igo Limited · ASX:IGO
Igo — Independence Group NL — Shareholder Meeting (November 2006)
51 slides from Igo's shareholder meeting presentation, Nov 22, 2006
Slide 1: Mining, Exploration & Success
Slide 2: Forward Looking Statements
Rad FORWARD LOOKING STATEMENTS _ 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 statement, othe
Slide 3: 2005/6 Financial Year
2005/6 FINANCIAL YEAR
Slide 4: Net Profit after Tax and Earnings per Share
eam Net Profit after Tax em Earnings per Share - Diluted ASM 40 30 20 q : 10 ' O rom 2002 2003 005 2006 Cents 30 25 20 15 10
Slide 5: Dividends Paid, Cash and Receivables
‘| © Dividends Paid Ewa Cash Emm Receivables net of creditors Cents ASM 10 60 8 i 50 a 6 40 | 30 jm 4 9 ] 20 = IH | 10 | | 2002. «2003 «2004 2005 2006 / 2002 2003 2004 2005 2006
Slide 6: IGO Financial Year Statistics
IGO FINANCIAL ¥ YEAR STATISTICS SMKLDIM MII i, || © 98 Market Capitalisation - Undiluted ASM | Pag Nickel Production Eimm Ore Reserve | 30 300 250 200 150 100 50 \ j q q > ia 1a 2002 2003 2004 2005 2006 | Nitonnes 60,000 50,000 40,000 30,000 20,000 40,000 i) | / : i 20) 2004 2005 2006
Slide 7: IGO Share Price
IGO SHARE PRICE TO 20.1 LLLMLMMMOLAMAMMMUD IY, & y | 4 ly A 8 —CUCUCUC | | i###* mo, mos AGM 2005.. | @#§; ##&= =§. ; ; ro ee |... SS fsooc 7 _ : |. Loa LLL <<< IT Dy i] oy oo can ce ct 400c | : _ H 1 I 200c as My, 100c ), i i ae Mii TN oe aul
Slide 8: Corporate Overview
Slide 9: IGO Board
IGO BOARD
Slide 10: Top Ten Shareholders
Slide 11: Long Nickel Mine
LLLLLLLLLNLMLMLIDOLLLLDIO LONG NICKEL I MINE = (IO _ Me ii Leay Exter nsion Target Long South] | Target
Slide 12: Production History
PRODUCTION HISTORY IGO Payable Ni tonnes * Total Ni tonnes am Ni tonnes 10000 8000 6000 4000 2000 q 0 2003 2004 2005 2006 IGOAS$/Ib Nicash costs = $4.44 $3.32 $3.32 $3.75 (payable)
Slide 13: Cash Costs & Receivables
CASH COSTS & RECEIVABLES I, IGO Receivables /lb (A$)mza IGO Cash Cost / Ib (AS) Gam Ni Price / Ib (US$) ——— US$/Ib 18.00 AS/Ib 18.00 16.00 , 16.00 14.00 12.00 y 10.00 8.00 6.00 4.00 2.00 VM PS eS SS & © S&S & & & ee oy. CF FPF FP SH
Slide 14: Hedging
q HEDGING
Slide 15: Long Mine Production Stats
LONG MINE PRODUCTION STATS a 7 LLOYD
Slide 16: Long Mine & Reserves
LONG MINE & RESERVES __ LONGITUDINAL PROJECTION e000 @ 6% N78.) D 4.2% Ni (46,800t Ni) _ GOLD FIELDS ML 15464 ROYALTY AREA 100% IGO VICTOR SOUTH 260,000t @ 4.3% Ni ", 100t ND YEA ie is i 7 2 | Vi Wie yy Wy, _ Gy, | i) ye Wy LENE WG LO 7) 7 ag a a . Ly Wa) w oo bi i of Hie Wes Ly Wy vy as yy We Co iA
Slide 17: Mine Geophysics
MINE GEOPHYSICS “High powered TEM 10 x more a current 7 Curt University
Slide 18: McLeay Discovery
McLEAY DISCOVERY VICTOR SOUTH “SHOOT. SHOOT 4 thidd an) _ SHOOT 2 Ehde TI conduc brs VICTOR SOUTH
Slide 19: McLeay Shoots
McLEAY SHOOTS 1 & 2 : LONGITUDINAL PROJECTION i McLEAY - Shoot 2 _ 6.0m @ 11.7% Ni southern end of Jun 06 _ ore reserve Drill Drive | 16.3m @ 14.3% Ni we, a om } wot . ~ -” i ~ on ” | Possible Shoot 1 extension | A @4.6% Ni McLEAY -Shoot1 / southern end of Jun 06 orereserve Ly
Slide 20: Long South Exploration
LONG SOUTH EXPLORATION SIGNIFICANT DRILL INTERCEPTS LLL LLL ELLE RL Diamond corerock typ eon contact Contact nickel intercept contours Southern limit of | Long Orebody @ High-grade Ni intercept > GNi% x metres ® Low-grade Ni intercept | 5-6 Ni% x metres @ Porphyry < 3Ni% x metres @ Barren interprete
Slide 21: Long Mine Drilling Targets
_ ils y’ LONG MINE DRILLING TARGETS _LONGITUDINAL PROJECTION GOLD FIELDS ML 15/461 ROYALTY AREA I aie My ae a LD, EEE y v7 Ly) Way LG se 100% IGO ii 7 7 7. yy 7 a 7 i is La (EAE Vie a 4 ve ie NE “6S be SA Se y | oe EGC, Ws Le Oa Hy We HA ; — yy Us 7 yy Yi) a ae EN Ly, Ry Wie yy Hy Oy, hie ul EE — fe
Slide 22: IGO Regional Exploration
IGO REG LLL LDL LLP IONAL EXPLORATION
Slide 23: IGO Australian Nickel Projects
IGO AUSTRALIAN NICKEL PROJECTS
Slide 24: Exploration Geophysics
EXPLORATION GEOPHYSICS LEE LLLOLML OLA LLL) to courtesy of Anglo American
Slide 25: Strata - Lake Lefroy JV
STRATA - LAKE LEFROY JV a _(tGO earning 70 ) ~ DOME COMPARISON Kambaida Ultramafic Dome ‘Lake Lefroy Ultramafi ic Dome a , 2 ; — ‘ i (ultramafic unit) SQUID TEM _ anomaly
Slide 26: Strata - Lake Lefroy JV
STRATA - LAKE LEFROY JV - SQUID EMimage —— SQUID EMoutline over Mag image SQUID EM anomaly at 710ms
Slide 27: Lake Lefroy Joint Ventures
Cia CARNILYA HLL LAKE LEFROY JOINT VENTURES Gladiator’ 1GO Anglogold/IGO ExcaliburiGo YarmanalG Oo IGO SQUIDTE M anomaly Major Nickel Mine 10km
Slide 28: North-Eastern Goldfields Nickel Projects
NORTH-EASTERN GOLDFIELDS NICKEL PROJECTS IRWIN BORE JV IGO earning 65-70% « BN es 7 QUONDONG WELL DUKETON IGO earning 70% | IGO 100% | | ROYAL NORTH] | ISO 100% with WME royalty
Slide 29: Longbow Prospect
| Longbow. Prospect dissem. NiS Wedgetail Deposit Resource: 1.07Mt @ 6.9% N
Slide 30: North-Eastern Goldfields Nickel Projects
NORTH-EASTERN GOLDFIELDS NICKEL PROJECTS | WILUNA JV (IGO Option) Bion mcon Wella ; \ ‘\ VC y ‘, ) = QUONDONG WELL \ \ : / IGO 100% | ROYAL NORTH] | IGO 100% with WMC royalty
Slide 31: Copper Nickel Gossan - Duketon
COPPER NICKEL GOSSAN - DUKETON wv IGO Nickel sulphide gossan rock chips with up to 2.3% Cu, 0.9% Ni, 0.7g/t Pt, 0.7g/t Pd, 0.4g/t Au 100x 12.5 0.5 mBar ; Primary nickel sulphide
Slide 32: VAL LLLP
VAL LLLP . Aeromagnetic image _ . Mag high y (ultramafic unit)
Slide 33: Ravensthorpe Option
RAVENSTHORPE OPTION Forrestania Nickel Sulphide Camp Production 1992-1999: I 55,000t Ni Resources June 2005: 164,000t Ni Westem Areas Maggie Hays Nickel Sulphide Camp LionOre Ravensthorpe Nickel Sulphide Cam RAV 8 Nickel Mine Past Production: 443 000t Ni @ 3.5% Ni (15,350t Ni)
Slide 34: Storbodsund Nickel JV
STORBODSUND NICKEL JV (IGO option to earn 70%) ia ete a ena \ CES ooo ne oe 2
Slide 35: Storbodsund Nickel JV
STORBODSUND NICKEL JV (IGO option to earn 70%) 1 Exploration Licence Granted | Storbodsund Prospect} Historic drilling 13m @3.7% Ni, 02% Cu, 0.1% Co
Slide 36: IGO Australian Gold Projects
IGO AUSTRALIAN GOLD PROJECTS
Slide 37: Tropicana Gold JV
TROPICANA GOLD JV GO 30% Tropicana Prospect 32m @ 6. 6g/t Au 63m @ 3.0g/t Au S. -_ 27m @ 5. 8g/t Au #4 20ppb Au 22m @ 5.ig/t Au : \ oo : Rusty Nail Prospect TROPICANA JV 5m@ 3.4g4#Au an gloGold Ashanti 70% Manager im@ 25. Bolt Au IGO 30% free carried to j completion of pre-feasibility l Kanowna = *
Slide 38: Tropicana Zone Cross-Section
TROPICANA ZONE CROSS-SECTION Litt <7 32m @ 6.6gtAu Os Mm @ 4.094 Au (twin) 26m@ T.6gt Au 27m@ 1.59/t Au tw) 39m @3.0g/tAu inch 15m @ 6.0g/tAu a Z one of minerdisatio n. C.0,G.0 Sgt Au 289m
Slide 39: Havana Zone Cross-Section
HAVANA ZONE CROSS-SECTION SSO ANNE RCN COLO 5m @ 54g Au BaseofOxidaton | py weft el 8 ew cin sw PE Nee eee a a tt ge we 27m@ S.8gtAu 22m @ 5.1gt Au 6m @ &tg’tAu Dem | Avaiting diamond drill assay s Zone of mineralisation C.0.G.0.5g4Au 400m
Slide 40: Tropicana Gram x Metre Contours
TROPICANA GRAM x METRE CONTOURS (iGO 30%) ee aaa si 32n7 @ 6. et Au 34m @ 4.0g/ Au (twin) Fy : = A 23m @ 3.0gh Au fm @ 3.39 AU. wif ; inch. 70m @ 4.5g/ Au 41m @27gt Au eh, inch 1m @ 11.59/t Au 38m @ 3.0gt Au incl. 19.0m @4.7gtAu 39m @ 3.0g/ Au inch 15m @ 6 Og Au TROPICANA ZONE 29m @ 4.4g4 Au Opes. i
Slide 41: Tropicana Prospect Potential Extensions
ee Lilla Ldddddddddddddiddddddddddlddddd dd TROPICANA PROSPECT POTENTIAL EXTENSIONS “TROPICANA ZONE HAVANA ZONE Oper i. *--.RC / Diamond drill hole Drill holes planned or : awaiting results 7°.” . Max Au27 6p pb ikm Inferred fault Open Max Au 455p pb A Gram-metre C ontours . 2-10 gxm [4 10-25 gxm 4k
Slide 42: Tropicana JV Southern Auger Anomalies
TROPICANA JV SOUTHERN AUGER ANOMALIES Auger geochem ippb Au) ee ® Aircore drill hole - assays received Aircore drill hole - assays awaiting 10km
Slide 43: Dalwallinu Project
DALWALLINU PROJECT eng stat ae 9m @ 63g Au AT incl. 2m @ 18.2g/ Au C Sgit Au Mineralised and altered | __ W envelopes i [ij]o.1 -o.g9git Au EZ + 1g Au envelope Mineralised and altered | ; 7m @ 30.igtAu : __| envelopes | F []o.4 -0.99git Au 7m @ 48gh Au ol + 1g/t Au envelope 6m @ 1.39% Au
Slide 44: Dalwallinu - Coomberdale Gold Anomalies
DALWALLINU — COOMBERDALE GOLD ANOMALIES (IGO 100%) PDI fi Z li We ip LLL COOMBERDALE 9m @ 6.3 gt Au Pithara Prospect PROJECT 3m @ 33.5 g/tAu j 7m @ 21.8 g/t Au > 7m @ 30.1 gitAu DALWALLINU | PROJECT Coomberdale Prospect cleat me eens |
Slide 45: Cobar Gold Project
COBAR GOLD PROJECT LCD sic Peak Mine Au-Cuzn-Pb 72; 400,;CO0oz @ “Tah AU eAU 135 00002 @ 2.2 git Au Mt. Boppy. Mine Au (Cuzn4 Pb. » Ag) ¢ > 44000002 Majer fault Major Mine | 100% IGO Tenement 20km _1GO 100%) - Mag Lag Collection
Slide 46: Cobar Gold Projects
COBAR GOLD PROJECTS GOLD ANOMALIES (iGO a) 20km 16 ppbAu
Slide 47: IGO Investments
Slide 48: Matrix Metals Limited
MATRIX METALS LIMITED _FUTURE COPPER PRODUCTION Mt Cuthbert SX EW Plant : -OPPER PROJECT
Slide 49: Independence Corporate Goals
e INDEPENDENCE CORPORATE GOALS
Slide 50: World-Wide Stainless Steel Production vs Industrial Production
m= WORLD-W DE STAINLESS STEEL PRODUCTION VS INDUSTRIAL PRODUCTION g by only. 5h 700% | 600% a 500% Stainless Sted 400% Production 300% 200% 100% Total Industrid 0% Production T | Tt T T T TT T TT T | T T T T tI 1970 1974 1978 1982 = 1986 1990 1994 1998 2002 2006 Source: Adapted from OECD/CRU
Slide 51: IGO Looking Forward
ih. = IGO LOOKING FORWARD
Independence Group NL — Shareholder Meeting (November 2006) on 6ix