Iamgold Corporation · TSX:IMG
Iamgold — Investor Day (June 2006)
51 slides from Iamgold's investor day presentation, Jun 5, 2006
Slide 1: Ross Gallinger, VP Environment, Health, Safety & Community
Ross Gallinger VP, Environment, Health, Safety & Community
Slide 2: IAMCommunity, IAMSafety, IAMEnvironment
IAMVISION IAMGROW TH IAMVALUE IAMGOLD IAMCOMMUNITY IAMSAFETY IAMENVIRONMENT
Slide 3: 2006 Objectives
2006 OBJECTIVES Continue to practise high standards in the fields of health and safety, environmental responsibility and community relations.
Slide 4: Environment, Health, Safety and Community Hierarchy
Environment, Health, Safety and Community Hierarchy Our Beliefs Our Policy International Our Standards Standards and Best Practices Our Performance Systems IAMGOLD
Slide 5: Consultation and Engagement
Consultation and Engagement - Community Relations team established for several years - Key stakeholders identified - Active consultation program - Q1 2006 – 1800 local residents have visited the site - continue community meetings to explain our activities - plan to have >3000 visits by the end of th
Slide 6: Environmental Protection
Environmental Protection - Containment of drilling fluids - control measures for oil and grease - secondary containment for fuels IAMGOLD
Slide 7: Rehabilitation
Rehabilitation Before After - Drill pads reclaimed after use -Native plant species grown for reclamation - locals employed in rehabilitation work IAMGOLD
Slide 8: Social Commitment
Social Commitment -Local contributions to infrastructure, health, education, and micro- enterprise IAMGOLD
Slide 9: Marcus Tomkinson, VP Exploration
Marcus Tomkinson VP, Exploration
Slide 10: IAMGOLD – Where we are in the world
IAMVISION IAMGROW TH IAMVALUE IAMGOLD – Where we are in the world IAMGOLD Diav ik Diamond Mine Toronto Head Office Yatela Mine Sadiola Mine Senegal Ecuador Damang Mine Tanzania Quimsacocha Tarkwa Mine Buckreef LEGEND Botswana Brazil Office Mupane Perth Mine Gold Mine Regional Office Royalty Interest
Slide 11: Second Half 2006 Exploration Objectives
Second Half 2006 Exploration Objectives COUNTRY PROJ ECT STATUS 2006-2007 Infill drilling to bring at least 60% of inferred to indicated or Dev elopment/pre- higher. Feasibility completed 2007. Env ironmental and Buckreef feasibility social baseline studies underway. Optimizations and resource model
Slide 12: Second Half 2006 Exploration Budget
Second Half 2006 Exploration Budget Locations Projects 2H 2006 Drilling (metres) Operating Budget (US$ millions) Busolwa Buckreef Tanzania Mawe Meru regional 66,700 3.9 Bingwa Glass Reef Quimsacocha Ecuador Quimsacocha regional 18,100 3.8 Loma Tasqui Mupane Jims Luck Golden Eagle Botswana 31,000 2.8
Slide 13: Buckreef Project Tanzania
IAMVISION IAMGROW TH IAMVALUE IAMGOLD Buckreef Project Tanzania
Slide 14: Rwamagaza Greenstone Belt - Location
Rwamagaza Greenstone Belt- Location IAM EXPLO RATION Tanzanian Craton showing main greenstone belts Area of next slide Rwamagaza Greenstone Belt (After Chamberlain 2005 http://www.mdru.ubc.ca/home/research/tog-lv.php)
Slide 15: Rwamagaza Greenstone Belt - Geology
Rwamagaza Greenstone Belt - Geology IAM EXPLO RATION Archean Geita Gold Mine Greenstone Rwamagaza Belts south of Greenstone Buckreef Prospect Belt Lake Victoria, Tanzania Bulyanhulu Gold Mine Busolwa Prospect (After Chamberlain 2005 http://www.mdru.ubc.ca/home/research/tog-lv.php)
Slide 16: Buckreef Project – Location and resources
Buckreef Project – Location and resources EXPLO RATION IAM Resources* BINGWA 38,000oz @ 3.7g/t Measured & 731,000 oz BUCKREEF Indicated 10.4 million tonnes @ 2.2 g/t 873,000oz @ 2.3g/t Au Inferred 1.2 Moz BUZIBA 16.8 million tonnes @ 2.2 g/t 275,000 oz @ 1.7g/t IAMGOLD 75-80% Ownership MIOMBO 9,000o
Slide 17: Buckreef Project, Tanzania: Buckreef Prospect
IAM EXPLO RATION Buckreef Project, Tanzania Buckreef Prospect
Slide 18: Buckreef Prospect – Resources
IAM EXPLO RATION Buckreef Prospect – Resources Buckreef Prospect - Resources* Measured 285,000 oz 3.3 million tonnes @ 2.7 g/t Indicated 177,000 oz 2.6 million tonnes @ 2.2 g/t Inferred 411,000 oz 5.9 million tonnes @ 2.2 g/t IAMGOLD 80% Ownership * Resources as of November 30, 2005
Slide 19: Eastern Rwamagaza Belt Au-in-Soil anomalies
IAM EXPLO RATION Eastern Rwamagaza Belt Au-in-Soil anomalies (+20ppb Au contour) Buckreef Prospect Areas of untested soil anomalism 10km Busolwa Prospect
Slide 20: Buckreef Prospect – Resistivity, orebodies, and targets
Buckreef Prospect – Resistivity, orebodies, and targets Untested Resistor/ Structural Targets Untested Resistor/ Structural Targets Buckreef North Orebody Buckreef Main Orebody 400m Buckreef South Orebody DD/RC drill hole (vertical projection) Intersections with +1 g/t Au shown in red Fault zone ide
Slide 21: Buckreef Project, Tanzania: Busolwa Prospect
IAM EXPLO RATION Buckreef Project, Tanzania Busolwa Prospect
Slide 22: Busolwa Prospect – Location and resources
IAM EXPLO RATION Busolwa Prospect – Location and resources Busolwa & Buziba - Resources* Indicated 269,000 oz 4.4 million tonnes @ 1.9 g/t Inferred 538,000 oz 9.4 million tonnes @ 1.8 g/t IAMGOLD 75-80% Ownership * Resources as of November 30, 2005
Slide 23: Eastern Rwamagaza Belt Au-in-Soil anomalies
IAM EXPLO RATION Eastern Rwamagaza Belt Au-in-Soil anomalies (+20ppb Au contour) Areas of untested Buckreef Prospect soil anomalism 10km Busolwa Prospect
Slide 24: Busolwa – IP Resistivity and Drilling
IAM EXPLO RATION Busolwa – IP Resistivity and Drilling
Slide 25: Busolwa Prospect – Felsic lithotypes on resistivity showing targets
IAM EXPLO RATION Busolwa Prospect – Wire framed felsic lithotypes superimposed on resistivity showing untested targets Target Areas Target Area Target Areas Target Area Surface projection of Au > 0.8g/t in blue 100m
Slide 26: Buckreef Project status
IAM EXPLO RATION Buckreef Project status Preliminary 2004 studies indicate: • +/-140,000oz per annum production • Open pit operations at Buckreef and Busolwa • Central processing plant • Capex ~ US$55M • Cash cost ~US$260/oz
Slide 27: Buckreef Project status
IAM EXPLO RATION Buckreef Project status • 40-km strip of highly prospective tenements between Buckreef and Busolwa and east of Busolwa • > 1 million oz added to resource since Oct 2003 at a discovery cost ~ US$6.50 per oz • Encouraging metallurgical testwork; significant gravity recoverable gold (4
Slide 28: Buckreef Project 2006-2007
IAM EXPLO RATION Buckreef Project 2006-2007 • Infill drilling program ongoing • Dec/05 resource 0.7 M+I & 1.2 Inferred. Recent geological work has revealed the controls on mineralization and will allow constraining of resource. Next update will include data from July-September 2006 • Feasibility Stu
Slide 29: Buckreef Project Area
IAM EXPLO RATION Buckreef Project Area
Slide 30: Quimsacocha Project, Ecuador
IAM EXPLO RATION Quimsacocha Project, Ecuador
Slide 31: Quimsacocha – Regional Geology
IAM EXPLO RATION Quimsacocha – Regional Geology High Sulfidation Epithermal Au/Ag Deposit hosted on a N-S trending fault, located on the eastern rim of the Quimsacocha caldera
Slide 32: Quimsacocha Orebody – 2.8 M oz
IAM EXPLO RATION Quimsacocha Orebody – 2.8 M oz Alteration zones exposed at Quimsacocha
Slide 33: Quimsacocha aeromagnetic data
IAM EXPLO RATION Aeromagnetic data from Quimsacocha displaying zones of large scale magnetite destruction corresponding to alteration and, in some cases, gold mineralization Quimsacocha Norte Quimsacocha Sur Areas of reduced magnetic response
Slide 34: Quimsacocha Prospect - Resource
Quimsacocha Prospect - Resource IAM EXPLO RATION Quimsacocha - Resources* Indicated Resources 2,797,000 oz Indicated 3.5 22.5 million tonnes @ 3.9 g/t Inferred 168,000 oz 3.0 2.5 million tonnes @ 2.1 g/t Conta ined G old O unces 2.5 M illions 2.0 1.5 2.8 1.0 2.4 1.9 1.8 1.5 0.5 - 1 2 3 4 5 Cut-off G
Slide 35: Quimsacocha Prospect – Drilling to March 2006
IAM EXPLO RATION Quimsacocha Prospect – Drilling to March 2006 Quimsacocha Norte Zone Quimsacocha Sur Zone Drill results expected early June
Slide 36: Quimsacocha Prospect – Drilling planned for July-December 2006
IAM EXPLO RATION Quimsacocha Prospect – Drilling planned for July-December 2006 Quimsacocha Norte By end 2006 the inferred resource will all be drilled to nominal 30m drill spacing (indicated and higher) Quimsacocha Sur Drill holes planned for July-December 2006
Slide 37: Greater Quimsacocha targets
IAM EXPLO RATION “Greater Quimsacocha” – Targets planned for drill testing in Quimsacocha Oeste the period July - December 2006 Rio Falso Sur Loma Tasqui Jordanita
Slide 38: Quimsacocha Preliminary Assessment
IAMVISION IAMGROW TH IAMVALUE IAMGOLD Quimsacocha Preliminary Assessment • Preliminary Assessment by SRK Consultants released May 11, 2006 • Mining options economically viable ($400 au, $1.50 cu, $5.50 ag) Open Pit Underground Capital Cost (US$ millions) 264 137 Annual Production Au (o z) 281,159 20
Slide 39: Quimsacocha Project status
Quimsacocha Project status IAM EXPLO RATION • Drilling of Quimsacocha Norte and Sur zones ongoing • New targets to south and west within the Quimsacocha system targeted for drilling during 2006 • Geophysical interpretations revealing new targets for high grade mineralization within the Quimsacocha s
Slide 40: Botswana – Mupane Gold Mine
IAM EXPLO RATION Botswana Mupane Gold Mine 4000 km2 of exploration tenements
Slide 41: Tati Schist Belt Geology
IAM EXPLO RATION Tati Schist Belt Geology Tati Belt
Slide 42: Mupane Gold Mine Geology & Resources
Mupane Gold Mine Geology & Resources IAM EXPLO RATION Mupane - Resources* 612,000 oz Reserves 6.0 Mt @ 3.2 g/t Measured & 1.0 Moz Indicated 11.2 Mt @ 5.8 g/t 300,000 oz Inferred 2.1 Mt @ 4.9 g/t IAMGOLD 85 -100 % Ownership Open Pit Graphitic and ferruginous cherts/shales (BIF) Mafic dyke Au minerali
Slide 43: Botswana Exploration Strategy
Botswana The small resource base at Mupane dictates current exploration strategy Exploration Strategy Systematically drill known prospects in the Tati Belt to bring them to resource status ASAP MAP NORA KITE GOLDEN EAGLE SIGNAL HILL
Slide 44: Senegal – 2006 – Review, compilation and reinterpretation
Senegal – 2006 – Review, Loulo Mines compilation and Daorala 7.8 Moz reinterpretation Bambadji 80 Km Mali Senegal Boto Guinea
Slide 45: Senegal regional resources and IAMGOLD concessions
IAM EXPLO RATION Yalea 7.8 Moz Yatela 2 Moz Sadiola 18 Moz KBE 150,000 Sabodala 1.2 Moz oz KBW 150,000 oz Loulo 7.8 Moz KA 300,000 oz BA 150,000 Tabakoto 2.8 Moz oz Medinandi -0.5 Moz Boto 5 250,000Oz IAMGOLD Concessions Resources in the region IAMGOLD resources
Slide 46: Brazil
IAM EXPLO RATION Brazil Epithermals in alkaline provinces (Rio Grande do Sul/Parana) Greenstone Belt Review
Slide 47: Brazil – Epithermals in Palaeozoic alkaline volcanic provinces
IAM EXPLO RATION Now under JV w ith Mundo Minerals Brazil – Epithermals in New proj ect. Ground acquisition In progress Palaeozoic alkaline volcanic provinces - Cripple Creek analogues Activ e project – epithermal vein field in Palaeozoic alkaline prov ince – Cripple Now under JV w ith Jaguar Creek
Slide 48: Brazil – Greenstone Belt Review
IAM EXPLO RATION Carajas- Andorinhas Tocantins Contendas- Goias Mirante Quadrilatero Piumhi Brazil – Greenstone Belt Review (GBR) utilizing in house experience of Archean Lode gold systems in a series of poorly explored Archean Cratons
Slide 49: Argentina – Epithermals in the high cordillera
IAM EXPLO RATION Argentina Epithermals in the high cordillera Diablillos Farallon Negro Agua Rica La Alumbrera VeladeroTaguas Casposo
Slide 50: Argentina – Aster imagery and structural mapping targets
IAM EXPLO RATION Argentina – Utilizing Aster Imagery and structural mapping to delineate targets in the high cordillera Andesite flows Silica ledges (2 g/t Au) Late diorite porphyr y Volcanic br eccia and dacite. Argillic alteration El Dorado´s Pb, Zn, Ag, As anom alo y contour
Slide 51: Thank you
IAMVISION IAMGROWTH IAMVALUE IAMGOLD Thank you