Igo Limited · ASX:IGO

Igo — Independence Group NL — Diggers & Dealers 2009

39 slides from Igo's conference presentation, August 2009

  1. Slide 1: Independence Group NL – Continuing to Deliver Shareholder Wealth

    INDEPENDENCE GROUP NL Continuing to Deliver Shareholder Wealth by Mining & Exploration Success. Diggers & Dealers August 2009 Chris Bonwick Managing Director

  2. Slide 2: Forward Looking Statements

    FORWARD LOOKING STATEMENTS Certain oral and written statements contained or incorporated by reference in this presentation, including information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. All statement, other than stat

  3. Slide 3: Competent Person Statement

    COMPETENT PERSON STATEMENT Note: The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves (apart from the Tropicana mineral resources) is based on information compiled by Mr Christopher M Bonwick who is a full-time employee of the Company and is a m

  4. Slide 4: Independence Overview - Corporate

    INDEPENDENCE OVERVIEW - CORPORATE Capital Structure: ASX Code: IGO 113.4M shares & 1.5M staff options Market Cap. (30/07/09): $601M Daily turnover (6 month average): 482,070 Substantial shareholders: JP Morgan - 9.9M shares (8.8%) NAB - 6.8M shares (6.1%) Financials: FY 09 NPAT: $13.4M (unaudited) D

  5. Slide 5: Independence Overview - Assets

    INDEPENDENCE OVERVIEW - ASSETS Long Nickel Mine 2008/9 Cash Costs (C1+C2 payable): A$3.85/lb Ni 2008/9 Revenue: A$7.83/lb Ni June 2008 Resources: 75,800t Ni @ 5.3% Ni June 2008 Reserves: 37,200t Ni @ 3.4% Ni Extending mine life – New Moran discovery Jun 2009 resource: 456,000 t @ 7.1% Ni (32,400 t N

  6. Slide 6: IGO History and Share Price

    IGO HISTORY AND SHARE PRICE Monthly Average Share Price to 30.07.09

  7. Slide 7: Long Nickel Mine – IGO's Current Cash Producing Asset

    INDEPENDENCE GROUP NL LONG NICKEL MINE IGO’s CURRENT CASH PRODUCING ASSET Purchase price = A$15M $ IGO Profit to date = $ $247.1M 1979-1999 1979- WMC Production: 203,184t Ni 2002-2009 2002- IGO Production: 55 295t Ni 55,295t

  8. Slide 8: Long Nickel Mine (IGO 100%)

    LONG NICKEL MINE (IGO 100%) HISTORY: ♦ Starting Reserve = 26,800Ni 26 800Ni t ♦ Production to Jun 09 = 55,815Ni t ♦ June 2008 Resource = 75,800Ni t ♦ June J 2008 R Reserves = 3737,200Ni 200Ni t (Moran yet to be included) GOALS: GOALS ♦ Sustainable 9,000t Ni pa in bottom 3rd of world-wide nickel prod

  9. Slide 9: Production Forecast & Hedging

    PRODUCTION FORECAST & HEDGING FY 2008/9 2008/9 Guidance Actual ƒ Production 8,400 - 8,800 Ni t 8,779 Ni t ƒ Grade 3.6% Ni 4.0% Ni ƒ Cash Costs (payable) A$4 50 - 4.65/lb A$4.50 4 65/lb Ni A$3 85/lb Ni A$3.85/lb FY 2009/10 Guidance ƒ Production 8,000 - 8,400 Ni t ƒ Grade 4.0% Ni ƒ Cash Costs (payable

  10. Slide 10: Quarterly Cash Costs & Revenue

    QUARTERLY CASH COSTS & REVENUE Relatively consistent cash costs

  11. Slide 11: Mine Geophysics - TEM Equipment

    MINE GEOPHYSICS - TEM EQUIPMENT High powered TEM 3 component transmitter underground TEM system ƒ 10 x more powerful than current systems. ƒ Doubles search radius Down hole TEM probe detection up to 200m. ƒ Locates blind ƒ Cleaner data. ƒ 200m search radius. massive NiS ƒ M More accurate t ƒ 3D visu

  12. Slide 12: Long Mine Nickel Deposits & Targets Longitudinal Projection

    LONG MINE NICKEL DEPOSITS & TARGETS LONGITUDINAL PROJECTION

  13. Slide 13: McLeay – Mineralisation Outline

    McLEAY – MINERALISATION OUTLINE

  14. Slide 14: Flashback - Diggers 2008 Long South TEM Conductors Slide

    FLASHBACK - DIGGERS 2008 LONG SOUTH TEM CONDUCTORS SLIDE

  15. Slide 15: Moran Discovery

    mN 14 MORAN DISCOVERY Current © >1.0% Ni Moran North e Barren Drill Drive e Porphyry Drill intercepts are quoted Northern as down hole width, EM Target not true width ZA Oven = Porphyry Proposed Moran North Drill Drive Extension N June 2009 Moran \\ Mineral Resource Boundary 456,000t @ 7.1% Ni Open

  16. Slide 16: Moran Cross-Section 547680N

    MORAN CROSS-SECTION 547680N

  17. Slide 17: Long Fly Through

    LONG FLY THROUGH —— if Royalty Area { 5 ra h

  18. Slide 18: Tropicana JV - New Gold Province

    TROPICANA JV - NEW GOLD PROVINCE IGO’S SECOND POTENTIAL CASH GENERATOR AngloGold Ashanti – 70% (Manager) Independence Group – 30% Tropicana JV “New Gold Province under sand” 1000kms

  19. Slide 19: Tropicana JV Tenements

    TROPICANA JV TENEMENTS LAVERTON 300km 900 Gigalitre L aquifier 2900.0S e) we Proposed i Ve access v road Wa 30 00.0S PINYN : LJ Tropicana JV Granted Tenure t | Tropicana JV Granted ML’s | Tropicana JV Applications \ KALGOORLIE-BOULDER LC] Tropicana Water Licence wR eee } cooncaroie, 300km Beachcombe

  20. Slide 20: Tropicana JV Significant Discoveries to Date

    TROPICANA JV SIGNIFICANT DISCOVERIES TO DATE

  21. Slide 21: Tropicana JV – Jun 09 Global Resource

    TROPICANA JV – JUN 09 GLOBAL RESOURCE

  22. Slide 22: Tropicana JV – Jun 09 Pre-Feasibility Open Cut Design

    TROPICANA JV – JUN 09 PRE- FEASIBILITY OPEN CUT DESIGN

  23. Slide 23: Tropicana JV - New Intercepts Outside Jun 09 Open Cut Design

    TROPICANA JV - NEW INTERCEPTS OUTSIDE JUN 09 OPEN CUT DESIGN

  24. Slide 24: High Grade In-Pit Intercepts Suggest Underground Potential

    HIGH GRADE IN-PIT INTERCEPTS SUGGEST UNDERGROUND POTENTIAL

  25. Slide 25: Tropicana Pre-Feasibility Outcome

    TROPICANA PRE-FEASIBILITY OUTCOME Open-cut Resource: 75.3 Mt @ 2.07g/t Au (5.01 M oz Au) at Jul 09 Mining Inventory: 56 Mt @ 2.0g/t Au (3.6 M oz Au, 6.2:1 SR) (US$900/oz Au, AUD: USD 0.85, US$103/barrel oil& 15% discount rate assumptions) Mill: 6 Mt p/a (plant & infrastructure capital A$500-540 M in

  26. Slide 26: Tropicana Mine Proposed Plant Layout

    TROPICANA MINE PROPOSED PLANT LAYOUT

  27. Slide 27: Tropicana Fly Through

    TROPICANA FLY THROUGH At ANGLOGOLD ASHANTI INDEPENDENCE GROUP

  28. Slide 28: Regional Exploration Strategy

    REGIONAL EXPLORATION STRATEGY Discovering new, high profit mines by - ƒ Technical Innovation ƒ Geophysical tools to see “under cover” ƒ New targeting techniques ƒ Exclusive access to new data bases ƒ Unlocking value in established and emerging belts ƒ First mover advantage in “frontier” frontier bel

  29. Slide 29: IGO Nickel Exploration Projects

    IGO NICKEL EXPLORATION PROJECTS

  30. Slide 30: Nickel Exploration Geophysics

    NICKEL EXPLORATION GEOPHYSICS High powered TEM transmitter truck developed in conjunction with Curtin University Squid TEM sensor Photo courtesy of Anglo American

  31. Slide 31: Duketon JV Location

    DUKETON JV LOCATION Corurabn Hills an ‘ \4 : ‘ Mount Keith p Rs (2.9Mt Ni) 0. sak Ni v % ( a ii Rockys Reward } Boe § AN x (0.2Mt Ni) (0.7Mt Ni) s n\ e ay : iawn i mK Waterloo \@ 300t Ni) a — -O9Mt Ni) ° at

  32. Slide 32: Duketon JV – Bulge Prospect Nickel Geochem Anomalies

    DUKETON JV – BULGE PROSPECT NICKEL GEOCHEM ANOMALIES

  33. Slide 33: Duketon JV – Bulge Nickel Prospect (IGO earning 70%)

    DUKETON JV – BULGE NICKEL PROSPECT (IGO earning 70%) JV Partner: South Boulder

  34. Slide 34: IGO Gold Exploration Projects

    IGO GOLD EXPLORATION PROJECTS

  35. Slide 35: Karlawinda Project (IGO – 100%)

    KARLAWINDA PROJECT (IGO – 100%)

  36. Slide 36: Karlawinda - Francopan Prospect Cross-Section

    KARLAWINDA - FRANCOPAN PROSPECT CROSS-SECTION

  37. Slide 37: Karlawinda – Bibra Prospect Cross-Section

    KARLAWINDA – BIBRA PROSPECT CROSS-SECTION

  38. Slide 38: New 100% IGO Data Base

    NEW 100% IGO DATA BASE ƒ 103,000 geochemical samples analysed. ƒ 189 000 geochemical 189,000 h i l samples l unanalysed. l d ƒ 2,278 samples reporting ƒ visible i ibl gold. ld ƒ 2,025 geophysical surveys. ƒ Estimated cost to replicate data base >$A500M. ƒ No buy-back or royalties

  39. Slide 39: Independence Corporate Goals

    INDEPENDENCE CORPORATE GOALS To improve shareholder returns by becoming a highly profitable, multi commodity Australian mining company F Focus on: ƒ Low cash costs ƒ Mine longevity ƒ Innovative exploration ƒ Strong balance sheet

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