Igo Limited · ASX:IGO

Igo — Independence Group NL — Mining 2012 Resources Convention Brisbane

36 slides from Igo's conference presentation, Nov 1, 2012

  1. Slide 1: Growing a Great Australian Mining Company

    GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY Mining 2012 Resources Convention Brisbane Chris Bonwick, Managing Director 1st November 2012

  2. Slide 2: Disclaimer

    DISCLAIMER L For personal use only l 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

  3. Slide 3: Financial Summary

    FINANCIAL SUMMARY L For personal use only Capital Structure: ASX 200 Code : IGO 232.9M shares l Financials: Market Cap. (29/10/12): A$952.6M Cash (end Sept Qtr 2012): A$146.9M Debt (end Sept Qtr 2012): (A$21.4M) Hedge Book (end Sept Qtr 2012): A$14.6M Estimated Unaudited NPAT (Sept Qtr 2012): A$7.5M

  4. Slide 4: IGO Major Projects

    IGO MAJOR PROJECTS L For personal use only l 4

  5. Slide 5: Tropicana Gold Project

    TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only l NEW AUSTRALIAN GOLD PROVINCE UNDER SAND DUNES Regional drilling Preparation for mining 5

  6. Slide 6: Tropicana Gold Project

    TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only PROJECT UNDER CONSTRUCTION: l  Project 64% complete at 30 September 2012  First production estimated December Qtr 2013 ^  IGO attributable production years 1-3 : 141-147,000 oz Au pa ^  Cash costs years 1-3 : A$580-600/oz A

  7. Slide 7: Tropicana Gold Project: Site Photos

    TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only SITE PHOTOS: l Site aerial view CIL tank construction Accommodation village Airport 7

  8. Slide 8: Tropicana Gold Project: BFS Comparison

    TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only Comparison BFS – November 2010 Current l Reserves 3.45Moz Au 3.91Moz Au Resources 5.01Moz Au 6.41Moz Au Capital Cost Estimate $740M real $740M real* $775 nominal $775 nominal* Operating Costs LOM (real) A$730/oz incl. royalties

  9. Slide 9: Tropicana Gold Project: Upside Studies and Potential

    TROPICANA GOLD PROJECT L UPSIDE STUDIES & POTENTIAL For personal use only November 2011 Mineral Resource: 88.3Mt @ 2.3g/t Au = 6.41Moz l (A$1,400/oz) June 2011 Open Pit Reserve: 56.4Mt @ 2.2g/t Au = 3.91Moz (A$1,210/oz) Reference : AGA 27/7/11 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Re

  10. Slide 10: Havana Open Cut & Underground Mine Potential

    TROPICANA GOLD PROJECT L HAVANA OPEN CUT & UNDERGROUND MINE POTENTIAL For personal use only l Reference : AGA 27/7/11 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Release for Open Pit and Havana Deeps Underground Resource Estimates 10

  11. Slide 11: Significant Down Plunge Potential

    TROPICANA GOLD PROJECT SIGNIFICANT DOWN PLUNGE POTENTIAL L For personal use only l Drill widths approximate true widths 11

  12. Slide 12: Tropicana Gold Project: Fly Through

    TROPICANA GOLD PROJECT L FLY THROUGH For personal use only l 12

  13. Slide 13: Tropicana Gold Project

    TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only l 13 Reference : AGA 27/7/11 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Release for Open Pit and Havana Deeps Underground Resource Estimates

  14. Slide 14: Long Nickel Operation (IGO 100%)

    LONG NICKEL OPERATION (IGO 100%) L For personal use only  Record^ Annual 2012 Production – 9,995Ni t (2011/12 Guidance 8,800-9,200Nit). l  IGO produced over 83,000t Ni since acquisition.  June 2012 Ore Reserve 41,900t Ni and Resource 76,600t Ni.  2011 Ore Reserve at A$10.10/lb Ni 2012 Ore Reserv

  15. Slide 15: Quarterly Cash Costs & Revenue

    LONG NICKEL OPERATION (IGO 100%) QUARTERLY CASH COSTS & REVENUE L For personal use only  Remains a low cost nickel producer. l 15

  16. Slide 16: Mine Geophysics – TEM Equipment

    LONG NICKEL OPERATION (IGO 100%) MINE GEOPHYSICS – TEM EQUIPMENT L For personal use only  Innovative research and development l High powered TEM transmitter **exclusive to IGO**  10 x more powerful than conventional systems. Nickel sulphides are very  Doubles search radius conductive and can be d

  17. Slide 17: Deposits & Targets Longitudinal Projection

    LONG NICKEL OPERATION (IGO 100%) DEPOSITS & TARGETS LONGITUDINAL PROJECTION L For personal use only l Reference: IGO 29/8/2012 ASX Release – 2012 Financial Year Full Year Result and Final Dividend Refer IGO ASX Release of 17 October 2012 for Mineral Resource and Reserve and IGO’s Annual Report 2012

  18. Slide 18: Long Nickel Operation: Fly Through

    LONG NICKEL OPERATION (IGO 100%) FLY THROUGH L For personal use only l 18

  19. Slide 19: Jaguar & Bentley (IGO 100%)

    JAGUAR & BENTLEY (IGO 100%) L For personal use only  Under-explored 50km l long prospective Cu-Zn-Ag VMS corridor.  Prospectivity around existing 3 mines.  Six Cu-Zn-Ag alteration anomalies under- cover being systematically tested. Golden Grove Gossan Hill : discovery history Bentley Deposit Scal

  20. Slide 20: Jaguar & Bentley Production Update

    JAGUAR & BENTLEY (IGO 100%) L PRODUCTION UPDATE For personal use only Jaguar & Bentley zinc- 2011/12 Actual 2012/13 Guidance Sept Qtr 2012 copper-silver Mines l Production (Zn Tonnes) 16,569 27,000 – 28,000 6,668 Production (Cu Tonnes) 7,257 5,000 – 6,000 1,360 Production (Ag ozs) 577,726 700,000 –

  21. Slide 21: Bentley Deposit

    JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT For personal use only l Drill intercepts are quoted as down hole widths, and not true widths Reference: Refer IGO ASX Release of 17 October 2012 for Mineral Resource and Reserve and IGO’s Annual Report 2012 21 released 19 October 2012 for Competent Perso

  22. Slide 22: Karlawinda Gold Project (IGO 100%)

    KARLAWINDA GOLD PROJECT (IGO 100%) L  207% Increase in Resource announced June 2012 to 674,300oz Au.  New Gold Province in Western Australia’s “Iron Ore Country”. For personal use only  No historical gold workings. l  Under cover.  Close to infrastructure: major town, airport, sealed roads, maj

  23. Slide 23: Francopan Prospect Discovery

    KARLAWINDA GOLD PROJECT (IGO 100%) FRANCOPAN PROSPECT DISCOVERY L For personal use only l Drill intercepts are quoted as down hole widths, and not true widths 23

  24. Slide 24: Bibra Prospect Cross-Section

    KARLAWINDA GOLD PROJECT (IGO 100%) BIBRA PROSPECT CROSS-SECTION L For personal use only  Scoping Study commenced. l  Potential to increase resources down dip and along strike. Reference: IGO 28/06/2012 ASX Release – Karlawinda Gold Project 24

  25. Slide 25: Bibra Prospect Gram x Metre Contours

    KARLAWINDA GOLD PROJECT (IGO 100%) BIBRA PROSPECT GRAM X METRE CONTOURS L For personal use only  Currently seven untested anomalies for follow-up regional exploration l Reference: IGO 28/06/2012 ASX Release – Karlawinda Gold Project 25

  26. Slide 26: Stockman Project (IGO 100%)

    STOCKMAN PROJECT (IGO 100%) L For personal use only l Total Indicated + Inferred Resources: 13.98M t @ 2.1% Cu, 4.3% Zn, 38g/t Ag, 1.0g/t Au. Contained Metal : 293,700 t Cu 601,400 t Zn 17.1 Moz Ag 0.4 Moz Au Reference: Refer IGO ASX Release of 17 October 2012 for details of the Mineral Resource and

  27. Slide 27: De Beers Database (IGO 100%)

    DE BEERS DATABASE (IGO 100%) L L  Long term exploration asset to find new Australian mineral camps.  293,000 geochemical samples collected by De Beers over 30 years. For personal use only  IGO analysing samples for 57 elements including Ni, Cu, Pb, Zn, Au,ll Ag, Pt, Pd, U, rare earths, Sn, Li, K

  28. Slide 28: IGO Asset Pipeline

    IGO ASSET PIPELINE L For personal use only  Combination of low cost cash flows from current operating mines with l significant long-life development projects and highly prospective exploration  Highly complementary management and technical capabilities, with proven successful track records of expl

  29. Slide 29: Contact Details

    INDEPENDENCE GROUP L CONTACT DETAILS For personal use only l Perth Office Chris Bonwick, Managing Director Suite 4, Level 5, South Shore Centre 85 South Perth Esplanade South Perth, Western Australia, 6151 PO Box 496, South Perth, Western Australia, 6951 Telephone: +61 8 9238 8300 Facsimile: +61 8 9

  30. Slide 30: Appendix: Reserves and Resources Statements

    L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 30

  31. Slide 31: Reserves and Resources: Long Nickel Operation

    RESERVES AND RESOURCES L For personal use only G NICKEL OPERATION Mineral Resources 30 June 2012 Ore Reserve 30 June 2012 l Cut-off 1% Ni at Economic Ni Cut-off Classification Tonnes Ni% Ni Tonnes Classification Tonnes Ni% Ni Tonnes Measured 47,000 3.7 1,700 LONG Indicated 220,000 5.1 11,200 Proven

  32. Slide 32: Reserves and Resources: Tropicana Gold Project JV

    RESERVES AND RESOURCES L For personal use only TROPICANA GOLD PROJECT JV l Mineral Resources Ore Reserve November 2011 June 2011 Contained Contained Tonnes Grade Gold Tonnes Grade Gold 1 2 3 4 Classification (Mt) (g/t) (Moz) Classification (Mt) (g/t) (Moz) Measured 28.2 2.1 1.95 Indicated 49.4 2.0 3

  33. Slide 33: Reserves and Resources: Jaguar / Bentley Operation

    RESERVES AND RESOURCES L For personal use only JAGUAR / BENTLEY OPERATION JAGUAR / BENTLEY OPERATION Mineral Resources 30 June 2012 l Ore Reserve 30 June 2012 Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Tonnes Cu% Zn% Ag g/t Au g/t JAGUAR Measured 429,000 2.5 4.4 61 - JAGUAR Proven 73

  34. Slide 34: Reserves and Resources: Stockman

    RESERVES AND RESOURCES L For personal use only l Mineral Resources 30 June 2012 Classification Tonnes Cu% Zn% Pb% Ag g/t Au g/t CURRAWONG Indicated 9,548,000 2.0 4.2 0.8 42 1.2 Inferred 781,000 1.4 2.2 0.3 23 0.5 Total 10,329,000 2.0 4.0 0.8 40 1.1 WILGA Indicated 2,987,000 2.0 4.8 0.5 31 0.5 Inferr

  35. Slide 35: Karlawinda Gold Project: Bibra Deposit Inferred Resources

    RESERVES AND RESOURCES L For personal use only KARLAWINDA GOLD PROJECT : l BIBRA DEPOSIT (INFERRED RESOURCES - JUNE 2012) Tonnes Au Grade Contained Au Mineralisation Type (Mt) (g/t) (oz) Laterite 2.2 1.1 77,100 Upper Saprolite 0.9 1.1 31,000 Lower Saprolite 1.9 1.1 63,600 Transitional 2.1 1.0 68,200

  36. Slide 36: Competent Persons Statements

    COMPETENT PERSONS STATEMENTS L For personal use only l Notes: The information in this summary presentation that relates to Exploration Results is based on information compiled by Mr Christopher M Bonwick who is a full-time employee of the Company and is a member of the Australasian Institute of Mini

Independence Group NL — Mining 2012 Resources Convention Brisbane on 6ix