Igo Limited · ASX:IGO
Igo — Independence Group NL — Diggers & Dealers Conference 2007
19 slides from Igo's conference presentation, Aug 7, 2007
Slide 1: Delivering Growth through Mining & Exploration Success
INDEPENDENCE GROUP NL For personal use only Delivering Growth through Mining & Exploration Success Diggers Diggers & & Dealers Dealers Conference Conference August August 2007 2007 Chris Chris Bonwick Bonwick Managing Managing Director Director FORWARD LOOKING STATEMENTS Certain oral and written sta
Slide 2: Corporate Overview
CORPORATE OVERVIEW For personal use only ♦ ASX Code: IGO (S&P / ASX 200) ♦ Share Price: A$5.38 (03.07.07) ♦ Fully paid shares: 114.8M ♦ Unlisted Options: 3.9M ♦ Market Capitalisation (undiluted): A$617M ♦ Cash & Receivables net creditors: A$165M (30.06.07) ♦ Daily turnover (6 month average): 607,726
Slide 3: 2006/7 Provisional Financials
2006/7 PROVISIONAL FINANCIALS For personal use only 2007 FY 2006 FY Total revenue $226M $113M EBITDA $161M $60M Profit before tax $151M $50M Net profit after tax (unaudited) $103M $35M Operation cash flow $165M $44M Diluted earnings per share 88c 31c Dividend payment per share 13c 9c IGO CASH & INVE
Slide 4: IGO Financial Year Statistics
IGO FINANCIAL YEAR STATISTICS For personal use only Net Profit after Tax Cash & Net Receivables INDEPENDENCE GROUP NL LONG NICKEL MINE IGO’S CURRENT CASH PRODUCING ASSET Purchase price = A$15M 4
Slide 5: 2006/7 Production
2006/7 PRODUCTION For personal use only 2006/7 2005/6 ♦ Production 9,825 Ni t 8,897 Ni t ♦ Grade 3.69% Ni 3.73% Ni ♦ Cash Costs (payable) A$4.35/lb Ni A$3.75/lb Ni ♦ Revenue A$18.75/lb Ni A$9.61/lb Ni ♦ Cash & Net Receivables A$165M A$50M ♦ Profit A$102M A$35M ♦ Debt A$2M A$3M LONG NICKEL MINE (IGO
Slide 6: Production to June
PRODUCTION TO JUNE 07 For personal use only Operator Period tonnes % Ni Ni tonnes WMC 1979-1999 5.43 million 3.7 203,184 IGO Oct 02 – Jun 07 0.97 million 3.8 37,439 QUARTERLY CASH COSTS & REVENUE 6
Slide 7: Long Mine & Reserves
LONG MINE & RESERVES LONGITUDINAL PROJECTION For personal use only June 2006 Ore Resource: 1,367,000t @ 5.6% Ni (76,700t Ni) Ore Reserve: 1,114,000t @ 4.2% Ni (46,800t Ni) MINE GEOPHYSICS High powered TEM 3 component transmitter underground TEM system ♦ 10 x more powerful than current systems. Down
Slide 8: Regional Exploration Strategy
LONG FLY THROUGH For personal use only REGIONAL EXPLORATION STRATEGY Discovering new, high profit mines by - ♦ Technical Innovation • Geophysical tools to see “under cover” • New targeting techniques • Database licensing and evaluation ♦ Unlocking value in established and emerging belts • Examples:
Slide 9: IGO Nickel Exploration Projects
IGO NICKEL EXPLORATION PROJECTS For personal use only EXPLORATION GEOPHYSICS High powered TEM transmitter truck developed in conjunction with Curtin University Squid TEM sensor Photo courtesy of Anglo American 9
Slide 10: Lake Lefroy Joint Ventures
LAKE LEFROY JOINT VENTURES For personal use only NORTH-EASTERN GOLDFIELDS NICKEL PROJECTS 10
Slide 11: Wiluna JV
WILUNA WILUNA JV JV (IGO (IGO earning earning 51-70%) 51-70%) For personal use only JV Partner: Oxiana WILUNA JV – BODKIN PROSPECT (IGO earning 51-70%) 11
Slide 12: Duketon JV – Bulge Nickel Prospect
NORTH-EASTERN GOLDFIELDS NICKEL PROJECTS For personal use only DUKETON DUKETON JV JV –– BULGE BULGE NICKEL NICKEL PROSPECT PROSPECT (IGO (IGO earning earning 70%) 70%) JV Partner: South Boulder 12
Slide 13: Ravensthorpe JV
RAVENSTHORPE JV (IGO earning 51-70%) REGION AIR MAGNETICS For personal use only JV Partner: Traka RAVENSTHORPE JV TENEMENTS, PROSPECTS AND INTERCEPTS 13
Slide 14: Ravensthorpe JV Nickel Prospects
RAVENSTHORPE JV NICKEL PROSEPCTS For personal use only RAV 1, 4 & 4 WEST PROSPECTS MS 7 PROSPECT IGO GOLD EXPLORATION PROJECTS 14
Slide 15: Dalwallinu Project
DALWALLINU (IGO 100%) PROJECT LOCATIONS For personal use only DALWALLINU PROJECT (IGO 100%) PITHARA PROSPECT LONG SECTION 15
Slide 16: Dalwallinu and Coomberdale Gold Anomalies
DALWALLINU PROJECT (IGO 100%) PITHARA PROSPECT GOLD ANOMALIES For personal use only COOMBERDALE PROJECT (IGO 100%) GOLD ANOMALIES AND INTERCEPTS 16
Slide 17: Holleton Project
HOLLETON PROJECT (IGO 90-100%) REGIONAL GEOLOGY For personal use only HOLLETON PROJECT (IGO 90-100%) HOLLETON MINING CENTRE Au ANOMALIES 17
Slide 18: Tropicana JV - New Gold Province
TROPICANA JV - NEW GOLD PROVINCE IGO’S SECOND CASH GENERATOR For personal use only AngloGold Ashanti – 70% (Manager) Independence Group – 30% free-carried to completion of pre-feasibility study Tropicana Tropicana JV JV 1000kms “New Gold Province under sand” TROPICANA FLY THROUGH 18
Slide 19: Independence Corporate Goals
INDEPENDENCE CORPORATE GOALS For personal use only To improve shareholder returns by becoming a highly profitable, multi commodity Australian mining company Focus on: ♦ Safety ♦ Work force ♦ Low cash costs ♦ Mine longevity ♦ Profit ♦ Growth ♦ Diversification ♦ Innovative exploration ♦ Scientific adv
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