Slide 1: Presentation to RIU Explorers Conference (ASX release)
ASX RELEASE 16 February 2021 PRESENTATION TO RIU EXPLORERS CONFERENCE For personal use only IGO Limited (ASX: IGO) (IGO or the Company) is pleased to attach a copy of the presentation provided to the RIU Explorers Conference being held today in Fremantle. The presentation, provided by IGO’s Chief Ge
Slide 2: IGO Limited RIU Explorers Conference
For personal use only IGO Limited RIU Explorers Conference 16 February 2021
Slide 3: 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 4: 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
Slide 5: Our Strategy
Our Strategy Focused on high quality, high margin assets aligned to clean energy metals For personal use only Globally Relevant Quality Products Vertically Integrated “Our people are bold, passionate, Proactively Green fearless and fun – a smarter, kinder, more innovative team” 4
Slide 6: Clean Energy Metals
Clean Energy Metals Nickel, copper and lithium to benefit most from clean energy revolution For personal use only Electric Vehicle Sales by Drivetrain1,2 Ni Critical raw material in the cathode of lithium ion batteries (Thousand Units) 40,000 18%/y Nickel 30,000 Critical to conduct and transfer Cu c
Slide 7: 1H21 Financial Results Highlights
1H21 FY19Financial and 4Q19Results Highlights Highlights Strong operational and financial performance underpins growth initiatives For personal use only Revenue & other income Underlying Free Cash Flow(2) A$462M A$197M Underlying EBITDA(1) Net Profit After Tax A$242M A$54M Cash Balance A$1.18 Billio
Slide 8: Exploration & Discovery
For personal use only Exploration & Discovery 7
Slide 9: Enduring Commitment to Exploration and Discovery
Enduring Commitment to Exploration and Discovery Exploration strategy and budget maintained to unlock organic growth For personal use only FY21 Exploration Budget A$5M A$1M A$2M A$2M A$3M A$65M A$11M A$38M A$3M Fraser Range & Nova Near Mine Tropicana Paterson Kimberley Frontier Lake Mackay Raptor Ge
Slide 10: Overview of IGO's Exploration Projects
Overview of IGO’s Exploration Projects Extensive portfolio of staged projects targeting nickel and copper For personal use only Fraser Range, Kimberley and Raptor Ni projects Well positioned and dominant tenement holder in two key Ni belts (Fraser Range and Kimberley) Identified and acted upon emerg
Slide 11: Fraser Range Project
For personal use only Fraser Range Project 10
Slide 12: Fraser Range Project
Fraser Range Project Continuing to generate and test high quality targets each year For personal use only Approximately 12,400km2 of tenure Ongoing SQUID EM, aircore and diamond drilling A strong pipeline of targets to follow up Collaborative research with JVs provides learnings to drive discovery o
Slide 13: Fraser Range Project: Mapping prospective intrusions across the AFO
Fraser Range Project Mapping prospective intrusions across the AFO For personal use only >600 mafic and ultramafic intrusions identified by aircore in the AFO IGOs in-house Mafic Prospectivity Index identifies Nova-like intrusions 153 intrusions have a strong or very strong MPI resembling Nova Anoma
Slide 14: Orion: The chonolith with links to another eye
Fraser Range Project Orion: The chonolith with links to another eye For personal use only A chonolith (tube-like) intrusion 3km NE of Nova with significant Ni-Cu sulphides ~1,000m in strike and from ~80m to ~250m in diameter 13
Slide 15: Chimera – 3-phase sulphides in ultramafic intrusion
Fraser Range Project Chimera – 3-phase sulphides in ultramafic intrusion 9km from Nova For personal use only Chimera, a 3.0 x 0.8 km mafic- ultramafic intrusive complex located 9km SW of Nova Disseminated Ni-Cu sulphides observed throughout the Intrusive Complex Ni-Cu concentrations similar to those
Slide 16: The Gazelle gold project
Fraser Range Project The Gazelle gold project For personal use only Primary and secondary detrital gold crystals occur in the Gazelle area1 Primary forms have block, crystal, and rod-like shapes with angular edges1 Elbow Boson 20 µm 50 µm 1) Curtin University School of Earth and Planetary Sciences.
Slide 17: Kimberley Project
For personal use only Kimberley Project 16
Slide 18: Kimberley Project
Kimberley Project Well positioned covering mafic and ultramafic intrusions in east and west Kimberley For personal use only IGO has consolidated 13,560km2 of exploration tenure in the East and West Kimberley New, detailed, airborne geophysical data collected over West Kimberley belt IGOs proprietary
Slide 19: Kimberley Project: Opportunities for new methods
Kimberley Project Opportunities for new methods and a meticulous approach For personal use only What’s new in the Kimberley? Private stream sediment data combined with De Beers and open file data is being interpreted as a collective dataset for the first time Historically reported gossans are being
Slide 20: Raptor Project
For personal use only Raptor Project 19
Slide 21: Raptor Project over the Willowra Gravity Ridge
Raptor Project over the Willowra Gravity Ridge A first-mover, belt-scale project For personal use only Targeting the coincidence of a craton margin and a belt scale gravity anomaly All tenure (17,160 km2) is 100% IGO Historically extensive shallow drilling, but most samples only assayed for Au and A
Slide 22: Paterson Project
For personal use only Paterson Project 21
Slide 23: Paterson Project: New ideas in a re-emerging belt
Paterson Project New ideas in a re-emerging belt For personal use only JVs with Encounter Resources Ltd, Metals X Ltd, and Antipa Minerals Ltd 6,770 km2 of tenure to find and develop Tier-1 Cu-Co and Cu-Au deposits (e.g. Nifty and Telfer) Recent discoveries of Winu, Havieron and Calibre highlights t
Slide 24: Paterson Project: New ideas and a different approach
Paterson Project New ideas and a different approach in a re-emerging belt For personal use only Historic exploration has been shallow; many drill holes didn’t penetrate cover rocks Magnetotellurics is imaging stratigraphy and structurally important faults, i.e., basin architecture New soil geochemis
Slide 25: Copper Coast Project
For personal use only Copper Coast Project 24
Slide 26: Copper Coast, South Australia
Copper Coast, South Australia A conceptual, model-driven target area looking for Tier-1 sediment-hosted copper deposits For personal use only Why explore the Copper Coast? Located along the eastern margin of the Gawler Craton and west of the Torrens Hinge Zone Neoproterozoic sediments are prospectiv
Slide 27: Concluding Comments
Concluding Comments We are bold, passionate, fearless and fun – a smarter, kinder, more innovative company For personal use only Diverse team with broad skills and open minds IGO is generating strong free cash flow and is primed for transformative growth We have an enduring strong commitment to Expl
Slide 28: Making a Difference
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