Igo Limited · ASX:IGO

Igo — Independence Group NL — Euroz Securities Institutional Conference 2014

28 slides from Igo's conference presentation, Mar 4, 2014

  1. Slide 1: Growing a Great Australian Mining Company

    GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY Euroz Securities Institutional Conference 2014 4th March 2014

  2. Slide 2: Disclaimer

    DISCLAIMER L For personal use only Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or l operating performance of the Company and its projects, constitute forward-looking statements. All statements, othe

  3. Slide 3: Corporate Overview

    CORPORATE OVERVIEW L For personal use only Capital Structure: ASX 200 Code : IGO l 233.3M shares Financials: Market Cap. (24/02/14): A$961.2M Cash (at 31/12/13): A$45.8M Debt (at 31/12/13): (A$63.7M) FY2014 First Half Result: EBITDA: A$63.3M NPAT: A$21.5M FY2013 Full Year Final Result: EBITDA: A$56.

  4. Slide 4: Financial Results H1 FY2014

    FINANCIAL RESULTS H1 FY 2014 L  Positive net profit contribution from all operations For personal use only  Strong production and successful cost management l  Debt steady following Tropicana completion  Interim dividend increased HALF YEAR RESULTS 31 DECEMBER H1 FY2014 H1 FY2013 % INCREASE Tota

  5. Slide 5: IGO Asset Pipeline

    IGO ASSET PIPELINE L For personal use only  Combination of low cost cash flows from current operating mines l with significant long-life development projects and highly prospective exploration portfolio 5

  6. Slide 6: Tropicana Gold Project

    TROPICANA GOLD PROJECT IGO 30%, AGA (MANAGER) 70% L For personal use only PLANT COMMISSIONING AND RAMP UP ON TRACK l  First gold was ahead of schedule and on budget – 26th September 2013  Maiden Qtr Dec 2013: Focus on Plant Commissioning  82% Plant Utilisation ▪ 1,184,000t Milled  88% Recovery ▪

  7. Slide 7: Tropicana Gold Project: Havana Pit Early Stage Mining

    TROPICANA GOLD PROJECT L  HAVANA PIT - EARLY STAGE MINING For personal use only l First Ore Mined Feb 2013   ROM Stockpile >2.5Mt  Grade control 3 months ahead of mining  Pre-strip underway at Tropicana Pit  First ore from Tropicana pit in March Qtr 2014  Cash cost estimate years 1-3 A$590-63

  8. Slide 8: Tropicana Gold Project: Global Resource to Grade Control Conversion

    TROPICANA GOLD PROJECT L  GLOBAL RESOURCE TO GRADE CONTROL For personal use only CONVERSION l  Results from grade control in line with ore body models 8

  9. Slide 9: Tropicana Gold Project: Plant Flow Sheet

    TROPICANA GOLD PROJECT L  PLANT FLOW SHEET For personal use only 2500tph Capacity 64kt Capacity Duty/Standby l P(80) 2mm Coarse Ore Secondary HPGR Feed Primary Stockpile Bin HPGR Crusher Crusher Over Size Ore Stockpile 41hr Residence 5.8 Mtpa 91% Recovery P(80) 75um Fine Ore Stockpile Ball TSF Mill

  10. Slide 10: Tropicana Gold Project: Updated Mineral Inventory

    TROPICANA GOLD PROJECT L  UPDATED MINERAL INVENTORY For personal use only l References : IGO ASX Release 28/02/2014 Mineral Resources and Ore Reserve Estimates for Tropicana Gold Project 10

  11. Slide 11: Tropicana Gold Project: Havana Deeps PFS and Regional Exploration

    TROPICANA GOLD PROJECT L  HAVANA DEEPS PRE-FEASIBILITY STUDY For personal use only  Enhanced pre-feasibility l commenced  Phased exploration targeting additional high grade shoots  3D Seismic survey planned to map high grade shoots down plunge  Funded separately to Regional Exploration  REGION

  12. Slide 12: Tropicana Gold Project: Fly Through

    TROPICANA GOLD PROJECT L  FLY THROUGH For personal use only l 12

  13. Slide 13: Long Operation (IGO 100%)

    LONG OPERATION (IGO 100%) L  Focus on: ▪ consistent low cost production For personal use only ▪ brownfields exploration l  H1 FY2014: ▪ realised nickel price down 21% (cf H1 FY2013) ▪ profit contribution A$14.1M ▪ payable cash costs including royalties down 17% (cf H1 FY2013) LONG OPERATION FY2013

  14. Slide 14: Long Operation: Deposits & Targets Longitudinal Projection

    LONG OPERATION (IGO 100%) L  DEPOSITS & TARGETS LONGITUDINAL PROJECTION For personal use only l Reference: * IGO ASX Release dated 25/10/2013 : Mineral Resources and Ore Reserves Estimates for Long Nickel Operation 14

  15. Slide 15: Jaguar Operation (IGO 100%)

    JAGUAR OPERATION (IGO 100%) L  Focus on: ▪ consistent and lower cost production For personal use only l  H1 FY2014: ▪ realised zinc price up 2% (cf H1 FY2013) ▪ profit contribution A$24.6M ▪ payable cash costs including royalties down 33% (cf H1 FY2013) JAGUAR OPERATION FY2013 FY2014 H1 FY2104 ACT

  16. Slide 16: Jaguar Operation: Bentley Deposit

    JAGUAR OPERATION (IGO 100%) L BENTLEY DEPOSIT  New mining plan achieving more consistent production For personal use only l  Balance of production changing to Stoping rather than Development Reference: IGO ASX Release 25/10/2013 : Mineral Resources and Ore Reserves Estimates for Jaguar Operation 1

  17. Slide 17: Jaguar Operation: Bentley Deposit Drilling

    JAGUAR OPERATION (IGO 100%) L BENTLEY DEPOSIT  On going drilling at “Flying Spur” discovery For personal use only  Infill drilling of existing Inferred Mineral Resources l 17 Reference: IGO ASX Release 20/02/2014 : Jaguar Operation New Flying Spur Sulphide Lens

  18. Slide 18: Stockman Project (IGO 100%)

    STOCKMAN PROJECT (IGO 100%) L PERMITTING PROCESS UNDERWAY l Conceptual site layout For personal use only L l  Enhanced feasibility study targeting a 30% capital reduction  Mine Life based on Ore Reserves – 9 yrs  Exploration upside - Bigfoot and Eureka discoveries  Permitting approvals expected

  19. Slide 19: Exploration Strategy

    EXPLORATION STRATEGY DISCOVERING NEW MINES BY L  Technical Innovation: For personal use only ▪ Geophysical tools ▪ Geochemical techniques to detect “blind” deposits l ▪ Proprietary databases (e.g. De Beers)  Partnering in New Joint Ventures: ▪ Lake Mackay, Darlot, Rebecca, Bryah Basin ADD VALUE TO

  20. Slide 20: Summary

    SUMMARY L GROWING A GREAT AUSTRALIAN MINING COMPANY For personal use only  H1 FY2014 Result l  NPAT up 30% on previous corresponding period to A$21.5M  Tropicana commissioning and ramp up on track  Maiden profit contribution from Tropicana A$6.5M  Interim fully franked dividend increased to 3.0

  21. Slide 21: Contact Details

    INDEPENDENCE GROUP NL L L CONTACT DETAILS l For personal use only l Perth Office Brett Hartmann, Acting CEO Suite 4, Level 5, South Shore Centre 85 South Perth Esplanade South Perth, Western Australia, 6151 PO Box 496, South Perth, Western Australia, 6951 Telephone: +61 8 9238 8300 Facsimile: +61 8

  22. Slide 22: Appendix: Reserves and Resources Statements

    L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 22

  23. Slide 23: Competent Persons Statements

    COMPETENT PERSONS STATEMENTS L JORC Code Competent Persons Statements For personal use only l Exploration Results The information in this report that relates to Exploration Results is based on information compiled by Mr Tim Kennedy. Mr Kennedy is a full-time employee of the Company and is a member o

  24. Slide 24: Reserves and Resources: Long Nickel Operation

    RESERVES AND RESOURCES LONG NICKEL OPERATION For personal use only Mineral Resources 30 June 2013 Ore Reserves 30 June 2013 Classification Tonnes Ni% Ni Tonnes Classification Tonnes Ni% Ni Tonnes LONG Measured 61,000 5.4 3,300 LONG Proven 45,000 3.1 1,400 Indicated 213,000 5.2 11,100 Probable 66,000

  25. Slide 25: Reserves and Resources: Tropicana Gold Project

    RESERVES AND RESOURCES TROPICANA GOLD PROJECT Mineral Resource 31 Decem ber 2013 Ore Reserve 31 Decem ber 2013 For personal use only 100% Project 100% Project Classification Tonnes Mt Au g/t Contained Au Moz Classification Tonnes Mt Au g/t Contained Au Moz OPEN PIT Measured 28.6 2.4 3.4 OPEN PIT Pro

  26. Slide 26: Reserves and Resources: Jaguar / Bentley Operation

    RESERVES AND RESOURCES JAGUAR / BENTLEY OPERATION Mineral Resources 30 June 2013 Ore Reserves 30 June 2013 For personal use only Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Tonnes Cu% Zn% Ag g/t Au g/t JAGUAR Measured 264,000 2.4 3.4 47 - JAGUAR Indicated 181,000 1.8 2.0 28 - Proven 2

  27. Slide 27: Reserves and Resources: Stockman Project

    RESERVES AND RESOURCES STOCKMAN PROJECT For personal use only Mineral Resources 30 June 2013 Ore Reserves 30 June 2013 Tonnes Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Mt Cu% Zn% Ag g/t Au g/t CURRAWONG Measured - - - - - CURRAWONG Indicated 9,548,000 2.0 4.2 42 1.2 Proved - - - - -

  28. Slide 28: Karlawinda-Bibra Prospect

    KARLAWINDA-BIBRA PROSPECT For personal use only Mineral Resources 30 June 2013 Classification Tonnes Mt Au g/t Contained Au (oz) Measured - - - Indicated - - - Inferred 18.0 1.1 650,800 GRAND TOTAL 18.0 1.1 650,800 Notes: 1. The Mineral Resource estimate was estimated within a conceptual A$1,600/oz

Independence Group NL — Euroz Securities Institutional Conference 2014 on 6ix