Igo Limited · ASX:IGO
Igo — Independence Group NL — Diggers & Dealers 2009
39 slides from Igo's conference presentation, August 2009
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
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
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
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
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
Slide 6: IGO History and Share Price
IGO HISTORY AND SHARE PRICE Monthly Average Share Price to 30.07.09
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
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
Slide 9: Production Forecast & Hedging
PRODUCTION FORECAST & HEDGING FY 2008/9 2008/9 Guidance Actual Production 8,400 - 8,800 Ni t 8,779 Ni t Grade 3.6% Ni 4.0% Ni 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 Production 8,000 - 8,400 Ni t Grade 4.0% Ni Cash Costs (payable
Slide 10: Quarterly Cash Costs & Revenue
QUARTERLY CASH COSTS & REVENUE Relatively consistent cash costs
Slide 11: Mine Geophysics - TEM Equipment
MINE GEOPHYSICS - TEM EQUIPMENT High powered TEM 3 component transmitter underground TEM system 10 x more powerful than current systems. Doubles search radius Down hole TEM probe detection up to 200m. Locates blind Cleaner data. 200m search radius. massive NiS M More accurate t 3D visu
Slide 12: Long Mine Nickel Deposits & Targets Longitudinal Projection
LONG MINE NICKEL DEPOSITS & TARGETS LONGITUDINAL PROJECTION
Slide 13: McLeay – Mineralisation Outline
McLEAY – MINERALISATION OUTLINE
Slide 14: Flashback - Diggers 2008 Long South TEM Conductors Slide
FLASHBACK - DIGGERS 2008 LONG SOUTH TEM CONDUCTORS SLIDE
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
Slide 16: Moran Cross-Section 547680N
MORAN CROSS-SECTION 547680N
Slide 17: Long Fly Through
LONG FLY THROUGH —— if Royalty Area { 5 ra h
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
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
Slide 20: Tropicana JV Significant Discoveries to Date
TROPICANA JV SIGNIFICANT DISCOVERIES TO DATE
Slide 21: Tropicana JV – Jun 09 Global Resource
TROPICANA JV – JUN 09 GLOBAL RESOURCE
Slide 22: Tropicana JV – Jun 09 Pre-Feasibility Open Cut Design
TROPICANA JV – JUN 09 PRE- FEASIBILITY OPEN CUT DESIGN
Slide 23: Tropicana JV - New Intercepts Outside Jun 09 Open Cut Design
TROPICANA JV - NEW INTERCEPTS OUTSIDE JUN 09 OPEN CUT DESIGN
Slide 24: High Grade In-Pit Intercepts Suggest Underground Potential
HIGH GRADE IN-PIT INTERCEPTS SUGGEST UNDERGROUND POTENTIAL
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$500-540 M in
Slide 26: Tropicana Mine Proposed Plant Layout
TROPICANA MINE PROPOSED PLANT LAYOUT
Slide 27: Tropicana Fly Through
TROPICANA FLY THROUGH At ANGLOGOLD ASHANTI INDEPENDENCE GROUP
Slide 28: Regional Exploration Strategy
REGIONAL EXPLORATION STRATEGY Discovering new, high profit mines by - Technical Innovation Geophysical tools to see “under cover” New targeting techniques Exclusive access to new data bases Unlocking value in established and emerging belts First mover advantage in “frontier” frontier bel
Slide 29: IGO Nickel Exploration Projects
IGO NICKEL EXPLORATION PROJECTS
Slide 30: Nickel Exploration Geophysics
NICKEL EXPLORATION GEOPHYSICS High powered TEM transmitter truck developed in conjunction with Curtin University Squid TEM sensor Photo courtesy of Anglo American
Slide 31: Duketon JV Location
DUKETON JV LOCATION Corurabn Hills an ‘ \4 : ‘ Mount Keith p Rs (2.9Mt Ni) 0. sak Ni v % ( a ii Rockys Reward } Boe § AN x (0.2Mt Ni) (0.7Mt Ni) s n\ e ay : iawn i mK Waterloo \@ 300t Ni) a — -O9Mt Ni) ° at
Slide 32: Duketon JV – Bulge Prospect Nickel Geochem Anomalies
DUKETON JV – BULGE PROSPECT NICKEL GEOCHEM ANOMALIES
Slide 33: Duketon JV – Bulge Nickel Prospect (IGO earning 70%)
DUKETON JV – BULGE NICKEL PROSPECT (IGO earning 70%) JV Partner: South Boulder
Slide 34: IGO Gold Exploration Projects
IGO GOLD EXPLORATION PROJECTS
Slide 35: Karlawinda Project (IGO – 100%)
KARLAWINDA PROJECT (IGO – 100%)
Slide 36: Karlawinda - Francopan Prospect Cross-Section
KARLAWINDA - FRANCOPAN PROSPECT CROSS-SECTION
Slide 37: Karlawinda – Bibra Prospect Cross-Section
KARLAWINDA – BIBRA PROSPECT CROSS-SECTION
Slide 38: New 100% IGO Data Base
NEW 100% IGO DATA BASE 103,000 geochemical samples analysed. 189 000 geochemical 189,000 h i l samples l unanalysed. l d 2,278 samples reporting visible i ibl gold. ld 2,025 geophysical surveys. Estimated cost to replicate data base >$A500M. No buy-back or royalties
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: Low cash costs Mine longevity Innovative exploration Strong balance sheet