Igo Limited · ASX:IGO
Igo — Independence Group NL — RIU Explorers Conference 2014
29 slides from Igo's conference presentation, Feb 20, 2014
Slide 1: Growing a Great Australian Mining Company
GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY RIU Explorers Conference 20 February 2014
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 statements, othe
Slide 3: Corporate Summary
CORPORATE SUMMARY L For personal use only Capital Structure: ASX 200 Code : IGO l 233.3M shares Financials: Market Cap. (17/02/14): A$1,012.6M Cash (at 31/12/13): A$45.8M Debt (at 31/12/13): (A$63.7M) FY2014 First Half Unaudited: EBITDA: A$63.3M NPAT: A$21.5M FY2013 Full Year Final Result: EBITDA: A
Slide 4: IGO Asset Pipeline
IGO ASSET PIPELINE L For personal use only Combination of low cost cash flows from current operating mines with significant long-life l development projects and highly prospective exploration portfolio 4
Slide 5: IGO Major Projects
IGO MAJOR PROJECTS L For personal use only l 5
Slide 6: Tropicana Gold Project: Plant Commissioning and Ramp Up on Track
TROPICANA GOLD PROJECT IGO 30%, AGA (MANAGER) 70% L For personal use only PLANT COMMISSIONING AND RAMP UP ON TRACK l First gold was ahead of schedule and on budget – 26th September 2013 Maiden Qtr Dec 2013: Focus on Plant Commissioning 82% Plant Utilisation ▪ 1,184,000t Milled 88% Recovery ▪
Slide 7: Tropicana Gold Project: Havana Pit Early Stage Mining
TROPICANA GOLD PROJECT IGO 30%, AGA (MANAGER) 70% L For personal use only HAVANA PIT - EARLY STAGE MINING l Mining to date in line with ore body models ROM Stockpile >2.5Mt Grade control 3 months ahead of mining Pre-strip underway at Tropicana Pit First ore from Tropicana pit in March Qtr
Slide 8: Tropicana Gold Project: Upside Studies & Potential
TROPICANA GOLD PROJECT LL UPSIDE STUDIES & POTENTIAL For personal use only ll References : IGO ASX Release 25/10/2013 Mineral Resources and Ore Reserve Estimates for Tropicana Gold Project 8
Slide 9: Tropicana Gold Project: Fly Through
TROPICANA GOLD PROJECT L FLY THROUGH For personal use only l 9
Slide 10: Long Operation (IGO 100%)
LONG OPERATION (IGO 100%) L FY 2013 Record Production^ – 11,180t Ni For personal use only H1 FY2014 Realised Nickel Price A$7.12/lb (H1 FY 2013 Realisedl Nickel Price A$9.06/lb) Strong start to FY2014 in both production volume and cost management Focus on consistent low cost production and b
Slide 11: Long Operation: Deposits & Targets Longitudinal Projection
LONG OPERATION (IGO 100%) DEPOSITS & TARGETS LONGITUDINAL PROJECTION L For personal use only l References: * IGO ASX Release dated 25/10/2013 : Mineral Resources and Ore Reserves Estimates for Long Nickel Operation 11
Slide 12: Jaguar Operation (IGO 100%)
JAGUAR OPERATION (IGO 100%) L OPERATIONAL IMPROVEMENTS CONTINUE For personal use only FY2013 Year on Year 15% reduction in payable cash costs (A$Zn/lb) l On the path to consistent and lower cost production SAG Mill gear failure October – resolved in 12 days FY2014 Guidance unchanged JAGUAR
Slide 13: Jaguar Operation: Bentley Deposit
JAGUAR OPERATION (IGO 100%) L BENTLEY DEPOSIT New mining plan achieving more consistent production For personal use only Balance of production changing to Stoping rather than Development l References: IGO ASX Release 25/10/2013 : Mineral Resources and Ore Reserves Estimates for Jaguar Operation
Slide 14: Jaguar Operation: Bentley Deposit Exploration
JAGUAR OPERATION (IGO 100%) L BENTLEY DEPOSIT In mine exploration defining new VMS lenses For personal use only On going drilling at “Flying Spur” l 14 References: IGO ASX Release 20/02/2014 : Jaguar Operation New Flying Spur Sulphide Lense
Slide 15: Jaguar Operation: Prospective VMS Corridor
JAGUAR OPERATION (IGO 100%) L Under-explored 50km long prospective Cu-Zn-Ag VMS corridor. High prospectivity around existing 3 mines. For personal use only Ten Cu-Zn-Ag alteration anomalies under cover being systematically l tested. Golden Grove Gossan Hill : discovery history Bentley Deposit
Slide 16: Stockman Project: Permitting Process Underway
STOCKMAN PROJECT (IGO 100%) L PERMITTING PROCESS UNDERWAY l Conceptual site layout For personal use only L l Mine Life based on Ore Reserves – 9 yrs Exploration upside - Bigfoot and Eureka discoveries Permitting approvals expected mid 2014 Enhanced feasibility study targeting a 30% capital r
Slide 17: Exploration Strategy
EXPLORATION STRATEGY L Adding value to operations and advanced projects Long Operation For personal use only • Moran, McLeay, and Long North discoveries l Jaguar Operation • Bentley discovery Stockman Project • Bigfoot and Eureka discoveries Discovering new mines by Technical Innovation • Ge
Slide 18: Lake Mackay JV
LAKE MACKAY JV NT GOLD AND BASE METALS PROJECT For personal use only Farm In and JV with ABM Resources NL IGO to earn a 70% equity interest Large underexplored Proterozoic province (6,700 sq km granted tenure) First pass surface sampling over 2,295 sq km completed 2014 field season commenc
Slide 19: Darlot JV
DARLOT JV WA BASE METALS PROJECT For personal use only Agreement with Enterprise Metals Limited IGO earning a 70-80% interest 60Km from Jaguar Operation (IGO 100%) 740 sq km of tenure prospective for base metals Initial geochemical sampling by IGO generating base metal anomalism 19
Slide 20: Alchemy JV
ALCHEMY JV WA BASE METALS PROJECT For personal use only Agreement with Alchemy Resources Limited IGO earning up to 80% interest 300 sq km of tenure prospective for base metals Focus on Narracoota Stratigraphy 20
Slide 21: IGO Transformation
IGO TRANSFORMATION L GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY l Planning for the Future Target low cash costs Pay consistent dividends Adding value by focusing on our strengths; Mining & Exploration Our Commitment Continued commitment to safety Creating value
Slide 22: Contact Details
INDEPENDENCE GROUP L CONTACT DETAILS L l For personal use only l Perth Office Brett Hartmann, Acting CEO 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 8 923
Slide 23: Appendix: Reserves and Resources Statements
L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 23
Slide 24: Competent Persons Statements
COMPETENT PERSONS STATEMENTS L For personal use only l JORC Code Competent Persons Statements Exploration Results The information in this report that relates to Exploration Results is based on information compiled by Mr Tim Kennedy. Mr Kennedy is a full- time employee of the Company and is a member
Slide 25: Reserves and Resources: Lightning Nickel Operation
RESERVES AND RESOURCES LIGHTNING NICKEL OPERATION For personal use only Mineral Resources 30 June 2013 Ore Reserves 30 June 2013 Classification Tonnes Ni% Ni Tonnes Classification Tonnes Ni% Ni Tonnes LONG Measured 61,000 5.4 3,300 LONG Proven 45,000 3.1 1,400 Indicated 213,000 5.2 11,100 Probable 6
Slide 26: Reserves and Resources: Tropicana Gold Project JV
RESERVES AND RESOURCES TROPICANA GOLD PROJECT JV For personal use only Mineral Resources December 2012 Ore Reserves December 2012 [100% Project (IGO Share 30%] [100% Project, (IGO Share 30%)] Classification Tonnes Mt Au g/t Contained Au Moz Classification Tonnes Mt Au g/t Contained Au Moz OPEN PIT M
Slide 27: Reserves and Resources: Jaguar / Bentley Operation
RESERVES AND RESOURCES JAGUAR / BENTLEY OPERATION Mineral Resources 30 June 2013 Ore Reserves 30 June 2013 For personal use only Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Tonnes Cu% Zn% Ag g/t Au g/t JAGUAR Measured 264,000 2.4 3.4 47 - JAGUAR Indicated 181,000 1.8 2.0 28 - Proven 2
Slide 28: Reserves and Resources: Stockman Project
RESERVES AND RESOURCES STOCKMAN PROJECT For personal use only Mineral Resources 30 June 2013 Ore Reserves 30 June 2013 Tonnes Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Mt Cu% Zn% Ag g/t Au g/t CURRAWONG Measured - - - - - CURRAWONG Indicated 9,548,000 2.0 4.2 42 1.2 Proved - - - - -
Slide 29: Karlawinda-Bibra Prospect
KARLAWINDA-BIBRA PROSPECT For personal use only Mineral Resources 30 June 2013 Classification Tonnes Mt Au g/t Contained Au (oz) Measured - - - Indicated - - - Inferred 18.0 1.1 650,800 GRAND TOTAL 18.0 1.1 650,800 Notes: 1. The Mineral Resource estimate was estimated within a conceptual A$1,600/oz
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