Slide 1: Building Confidence: The IGO Way
BUILDING CONFIDENCE THE IGO WAY For personal use only AMEC CONVENTION 2018 Matt Dusci, Chief Operating Officer 13-14 June 2018
Slide 2: Cautionary statements & disclaimer
Cautionary statements & disclaimer For personal use only • 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 securities in IGO or as an inducement to make an offer or invit
Slide 3: Presentation Focus
Presentation Focus For personal use only • Confidence in our people and culture • Demonstrating confidence in Nova • Confidence in discovering and growing • Confidence in our strategy 3
Slide 4: A West Australian base metals company focused on discovery and delivery
A West Australian base For personal use only metals company focused on discovery and delivery ASX IGO Base Perth, WA Market Cap(1) A$3 Billion Cash(2) A$70M Debt(2) A$143M Revolver(2) A$200M (undrawn) Dividend Policy >30% NPAT 1) As at market close 13 Jun 2018 2) As at 31 Mar 2018 4
Slide 5: We are confident in our People and Culture which is the IGO Way
For personal use only We are confident in our People and Culture which is the IGO Way • Strong Sense of Purpose • Empowering our People • Ultimately it is about our Behaviours 5
Slide 6: Building confidence and investing in the future generation of mining
Building confidence and For personal use only investing in the future generation of mining • Internal promotions • Learning and development • Graduate interns • Apprentices • Vacation work • Scholarships 6
Slide 7: Demonstrating confidence in Nova
Demonstrating confidence For personal use only in Nova • Surface works and process plant completed on time and on budget in late 2016 • Achieved nameplate production 12 months earlier than Feasibility Study • Capex within 3% of estimate • Commercial production since 1 July 2017 – 5 years from discov
Slide 8: Confident in implementing the next generation of transformational change at Nova
For personal use only Confident in implementing the next generation of transformational change at Nova • Autonomous mining • Downstream processing to produce Ni & Co sulphate 8
Slide 9: Confident we will discover Fraser Range
Confident we will discover For personal use only Fraser Range A$10M Nova A$1.5M A$21M Tropicana A$4M (1) Jaguar A$4.5M A$9M Long Other Greenfields A$50M committed in FY18 1) Jaguar sold to CopperChem on 25 May 2018 9
Slide 10: Understanding the potential extensions of the Nova intrusive
For personal use only Understanding the potential extensions of the Nova intrusive • Completed the largest 3D seismic program ever undertaken in Australia over the Nova Mining Lease Goal is to expand Nova! 10
Slide 11: Fraser Range is a belt scale opportunity for IGO
For personal use only Fraser Range is a belt scale opportunity for IGO with systematic exploration underway over 14,800km2 of consolidated tenure • Hosts two world class recent discoveries: Tropicana and Nova Goal is to discover the next Nova! 11
Slide 12: Confident that nickel will be a big winner from EV demand disruption
Solidifying IGO’s position as Confident that nickel will a world class base metals be a big winner from EV For personal use only producer aligned to the demand disruption growing EV structural shift - 2018E supply deficit of 167kt(2) • Nova Nickel Mine Supply by Product (kt)(1) Ni ktpa Ni ktpa • Pot
Slide 13: Summary of confidence themes
• We have confidence in our For personal use only people and culture • Demonstrating confidence in the world class Nova Operation • We have confidence in delivering a discovery on the Fraser Range • We have confidence that our corporate strategy is a winning strategy 13
Slide 14: Follow us as we go from strength to strength
a el a “FOLLOW US ~ UAS WE GO FROM STRENGTH TO STRENGTH igo.com.au