Igo Limited · ASX:IGO
Igo — Australian Nickel Conference (October 2020)
21 slides from Igo's conference presentation, Oct 6, 2020
Slide 1: IGO Limited – Australian Nickel Conference
For personal use only IGO Limited Australian Nickel Conference Peter Bradford – Managing Director & CEO
Slide 2: Making A Difference
Making A Difference Focused on high margin, high quality assets producing metals critical to clean energy For personal use only Globally Relevant Vertically Integrated supplier of metals that are critical to energy to produce battery grade chemicals and storage and renewable energy cathode precursor
Slide 3: Our Portfolio
Our Portfolio Aligned to clean energy metals, focused on nickel and copper For personal use only Ni Critical for lithium ion batteries Increasing nickel intensity in LiBs Underinvestment in new supply Nickel Established stainless steel demand Cu Critical for reticulation of electricity K
Slide 4: Nova Operation
For personal use only Nova Operation 4
Slide 5: Nova – FY20 production exceeded guidance
Nova FY20 production exceeded guidance, costs within guidance For personal use only FY20 Results Nickel Production1 30,436t Copper Production1 13,772t Cash Costs A$2.41/lb Ni (payable) 1) Nickel and Copper production figures are reported on an in-concentrate basis 5
Slide 6: Nova – Track record of operational delivery
Nova Track record of operational delivery For personal use only Quarterly Production & Cash Costs Tonnes Cash Cost 9,000 $4.50 8,000 $4.00 7,000 $3.50 6,000 $3.00 5,000 $2.50 4,000 $2.00 3,000 $1.50 2,000 $1.00 1,000 $0.50 - $0.00 Nickel in concentrate production Copper in concentrate production Cas
Slide 7: Nova – Outstanding financial results since commercial production
Nova Outstanding financial results since commercial production For personal use only Nova Financial Results EBITDA Margin A$M 56% 600 593 500 504 400 Free Cash Flow Margin 46% 300 349 351 321 256 251 200 196 Total Free Cash Flow 100 93 A$665M 0 FY18 FY19 FY20 Revenue and other income Underlying EBIT
Slide 8: Nova – Operationally de-risked
Nova Operationally de-risked – mine is fully developed and grade control drilled For personal use only 1) Refer: Annual Update of Exploration Results, Mineral Resources and Ore Reserves released to ASX on 30 January 2020 8
Slide 9: Nova – Optimisation programs
Nova Optimisation programs to improve safety, productivity and cost For personal use only Safety and wellbeing of our people is our priority Smart Solutions leveraging the latest technologies Enduring focus on maximising metallurgical recoveries 9
Slide 10: Exploration
Exploration Enduring commitment to discovering the mines of the future For personal use only 10
Slide 11: Fraser Range Exploration
Fraser Range Exploration Significant opportunity to unlock value through discovery For personal use only 11
Slide 12: Fraser Range Exploration – Nova near-mine
Fraser Range Exploration Nova near-mine For personal use only Utilising the latest technology to explore under deep cover Multiple magmatic intrusions identified over the Nova Mining Lease Drill core from Nova mine lease targets showing polyphase magmatic sulphides within mafic intrusions 12
Slide 13: Pipeline of Nickel Opportunities
Pipeline of Nickel Opportunities Kimberley and Raptor Projects For personal use only Kimberley Project (WA) Raptor Project (NT) Both projects are highly prospective for Nova-like, nickel sulphide discoveries 13
Slide 14: Opportunities for Our People
Opportunities for Our People IGO’s enduring commitment to graduate and professional development For personal use only 2020 Graduate Program 12 participants 9 disciplines Highly engaged team with strong alignment to IGO values 14
Slide 15: Tropicana
For personal use only Tropicana 15
Slide 16: Tropicana – Strong operational performance from a Tier-1 gold asset
Tropicana Strong operational performance from a Tier-1 gold asset For personal use only FY20 Results Boston Shaker Underground now operational Gold Sold (IGO 30%) 141,169oz All In Sustaining Cost (AISC) A$1,171/oz FY20 EBITDA Margin Margin 60% 16
Slide 17: Tropicana – Strategic Review underway
Tropicana Strategic Review underway focused on delivering value for all shareholders For personal use only Motivated by conviction that Tropicana is not fully valued in IGO portfolio Initial phase focused on technical review to inform strategy and decision making 17
Slide 18: Concluding Comments
Concluding Comments Focused on building a clean energy metals business For personal use only Growth strategy Tropicana Strategic Nova continues to focused on exploration Review under way to generate outstanding and disciplined, unlock value for all free cash flow accretive M&A shareholders 18
Slide 19: For personal use only
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
Slide 20: 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 21: 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