Igo Limited · ASX:IGO
Igo — Independence Group NL — Diggers & Dealers 2004
9 slides from Igo's conference presentation, 2004
Slide 1: Independence: Establishing Strong Foundations for Future Growth
4 cy INDEPENDENCE Establishing Strong Foundations for Future Growth CORPORATE & 2004 a, CORPORATE i THE LAST12 MONTHS Diggers Diggers 2003 2004 Share Price: 44c 110c Option Price: 26c 90c All Securities: 110M 117M Market Cap (fully diluted): $41.4M $115M Board: 5 4 Dr Rod Marston appointed as Chairm
Slide 2: The Last 12 Months: Share Structure and Long Mine
THE LAST12 MONTHS a, SHARE ASX Code -Share IGO 2002/2003 2002/2003 -Options IGOO IGO average turnover (last 6 months) = 321,000 shares/day Mine Cash Flow (pre tax): | $7.3M $29.4M Group Profit (pre tax): $1.4M $25.4M Earnings Per Share (est.) 1.8¢ 18c_ Ordinary shares 75.2M Options 24.6M Contributin
Slide 3: 2003/2004 Long Mine Production and Costs
| a] 2003/2004 1GO Nit Tonnes 6 Ni Share Tonnes Long 143,651 Budget 160,000 . 3,109 Gibb South 22,130 Actual 168,991 \ 4,063 Victor South 3,210 2.4 AS/Ib Payable Ni Payable sales revenue (incl. hedging): 7.52 REASONS: ©@ Mined 1,854 Ni t from outside ore reserve. ® Mined an additional 1,292 Ni t fro
Slide 4: Exploration Innovations
mm ~—| INNOVATIONS-G = EXPLORATION INNOVATIONS bd 3 component 3 component fluxgate down hole probe Conventional Coil DH TEM Mag DH TEM EM torch my GEOPHYSICS LG 14-224 Ni GRADE VERSUS CONDUCTIVITY C.Probe Output Diamond Core Ni Grade -_ EXPLORATION
Slide 5: NiS Lava Channel Model and Reserve Targets
a EE | al NiS LAVA CHANNEL MODEL X Channel Long-Section inate Massive NiS Live cnana OO! in depressions SHOOT} 100 S | EXPLORATION TARGETS ye = | — 2003/2004 RESERVES FUTURE RESERVES e Aim to increase reserves to 50,000 Nit over the next 12 months. Remaining 2003 reserves = 23,600 Nit * balance to d
Slide 6: Australian Regional 2004/2005
-_ 2004/2005 | AUSTRALIAN REGIONAL Budget: 222,000 t @ 4.0% (8,900t Ni) Looking for new mineral camps: eUnder cover; and ein lightly or unexplored terrains using empirical & conceptual targeting : 2003/4 2004/5 -_ EXPLORATION INNOVATIONS ~ | EXPLORATION INNOVATIONS © Chromites are a common mineral i
Slide 7: Nickel and Gold Targets
- INDEPENDENCE TARGET: + 50,000t nickel metal Production costs <AUS $3/Ib *® Regional exploration commenced this year. © A number of joint ventures have been entered into. © Encouraging EM anomalies on the Musgrave JV. - DE BEERS YILGARN @ Chromite anomalies coincide with Kambalda, Cosmos, Widgiemoo
Slide 8: Tropicana East Gold JV
TROPICANA EAST GOLD JV « | TROPICANA 143200mN 142800mN é? £ ae ae Him @ 1.3git Au incl, 1m @ 5.8g/t Au 10m @ 2.39% Au incl. 3m @ 3.7g/t A Tm @ 2.2git Au incl 1m @ 6.3g/t Au} = anne os 13m @ 1.99% Au incl, 1m @ 2.8g/t Au >1.09h Au 4m @ 3.69 Au NAMBI GOLD PROJECT | Va CASTLE CREEK GOLD PROJECT i ASS W
Slide 9: Goldsworthy Gold JV and 2004/2005 Outlook
saitwous exhale RC ating GOLDSWORTHY GOLD JV { OV iz 4 2004/2005 production increasing from 6,840t Ni to 8,900t Ni / year. 2004/2005 Long Mine cash flow to continue to increase based at current nickel prices. INDEPENDENCE DIGGERS & DEALERS 2004 Interactive Presentation by Mapability™ Independence Gr