Igo Limited · ASX:IGO

Igo — Independence Group NL — Mines and Money Hong Kong 2013

27 slides from Igo's conference presentation, Mar 21, 2013

  1. Slide 1: Growing a Great Australian Mining Company

    GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY Mines and Money Hong Kong 2013 21 March 2013

  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 statements, othe

  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. (28/2/13): A$1,041M Cash (end Dec Qtr 2012): A$102.1M Debt (end Dec Qtr 2012): (A$16.2M) FY13 H1 NPBT: A$23.5M FY13 H1 NPAT: A$16.5M Major Shareholders: 63 Institutions in Top 100

  4. Slide 4: IGO Asset Pipeline

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

  5. Slide 5: Tropicana Gold Project

    TROPICANA GOLD PROJECT L L IGO 30%, AGA 70%, MANAGER For personal use only NEW AUSTRALIAN GOLD PROVINCE l l UNDER SAND DUNES Regional drilling First Ore Mark Up – Havana Pit 5

  6. Slide 6: Tropicana Gold Project

    TROPICANA GOLD PROJECT L IGO 30%, AGA 70%, MANAGER For personal use only l References : IGO & AGA 4/12/2012 ASX Releases for Tropicana Gold Project Mineral Resource Estimate IGO & AGA 27/7/2011 ASX Releases for Reserve Estimate 6

  7. Slide 7: Tropicana Gold Project: Project Under Construction

    TROPICANA GOLD PROJECT L IGO 30%, AGA 70%, MANAGER For personal use only PROJECT UNDER CONSTRUCTION: l  Project 75% complete at 31st December 2012**  First production estimated December Qtr 2013  Updated CAPEX Estimate IGO share A$246M – A$254M  IGO Spend A$152M Estimate A$100M remaining** ^  I

  8. Slide 8: Tropicana Gold Project: Domestic Gold Production

    TROPICANA GOLD PROJECT L  IN 2011 DOMESTIC GOLD PRODUCTION >100KOZ For personal use only l Gold Ounces Australian Mine Production 2011 900,000 Tropicana* (100%) 800,000 700,000 600,000 500,000 Tropicana* (30% IGO) 400,000 300,000 200,000 100,000 0 Source: * Based on BFS Production Years 1-3 8

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

    TROPICANA GOLD PROJECT LL UPSIDE STUDIES & POTENTIAL For personal use only ll References : IGO & AGA 4/12/2012 ASX Releases for Tropicana Gold Project Mineral Resource Estimate IGO & AGA 27/7/2011 ASX Releases for Reserve Estimate 9

  10. Slide 10: Tropicana Gold Project: Significant Regional Potential

    TROPICANA GOLD PROJECT L LL SIGNIFICANT REGIONAL POTENTIAL l For personal use only ll  Tenement Area 13,480 km2  Of the 60 Geochem Prospects ~ 32  Geochem Coverage over 7,000 km2 have been drilled with RC or DD  Geochem Based Prospects ~ 60  Of the 32 Prospects drilled ~14 have drill intercepts

  11. Slide 11: Long Nickel Operation (IGO 100%)

    LONG NICKEL OPERATION (IGO 100%) L For personal use only  Record^ Annual 2012 Production – 9,995t Ni (2011/12 Guidance 8,800-9,200t Ni). l  IGO produced over 89,000t Ni since acquisition.  June 2012 Ore Reserve 41,900t Ni and Mineral Resource 76,600t Ni.  Exploration success continues to add to

  12. Slide 12: Long Nickel Operation: 10 Years of Low Cost Nickel Production

    LONG NICKEL OPERATION (IGO 100%) L  CELEBRATING 10YRS OF LOW COST NICKEL PRODUCTION For personal use only l Net Margin 10 YEAR PRODUCTION AVERAGE Cash Cost + Royalties A$4.12/lb Realised Ni Price A$10.06/lb 12

  13. Slide 13: Long Nickel Operation: Deposits & Targets

    LONG NICKEL OPERATION (IGO 100%) DEPOSITS & TARGETS LONGITUDINAL PROJECTION L For personal use only l References: IGO 19/10/2012 ASX Release: Annual Report for Long Nickel Mine Mineral Resource and Ore Reserve Statement IGO 31/1/2013 ASX Release : Quarterly Activities Report to 31 December 2012 13

  14. Slide 14: Jaguar Operation: Bentley Mine

    JAGUAR OPERATION (IGO 100%) L  BENTLEY MINE Discovered – 2008 Development – 2011 First Stoping – Sept Qtr 2012 For personal use only l  Early production has yielded a positive reconciliation against Ore Reserve  +33% ore tonnes, +48% Zn metal, +33% Cu metal (as of 30 Sept 2012 against Ore Reserve

  15. Slide 15: Jaguar Operation: Bentley Mine Mining Plan

    JAGUAR OPERATION (IGO 100%) L BENTLEY MINE  New high grade mining plan For personal use only  2 years of developed long hole ore (lower cost) l Reference: IGO ASX Release 19/10/2012 for Annual Report: Jaguar/Bentley Operation Mineral Resource and Ore Reserve Statement 15

  16. Slide 16: Jaguar Operation: Cu-Zn-Ag VMS Corridor

    JAGUAR OPERATION (IGO 100%) L  Under-explored 50km long prospective Cu-Zn-Ag VMS corridor.  High prospectivity with 3 existing 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 S

  17. Slide 17: Stockman Project (IGO 100%)

    STOCKMAN PROJECT (IGO 100%) L Currawong Deposit Wilga Deposit For personal use only l Stockman Total Tonnes Cu % Zn % Ag g/t Au g/t Total Ore Reserve 8,432,000 2.3 4.3 39 1.1 Total Resource 13,986,000 2.1 4.3 38 1.0 Reference: IGO ASX Release 19/10/2012 for Annual Report: Stockman Project Mineral Re

  18. Slide 18: Stockman Project: Exploration Potential

    STOCKMAN PROJECT (IGO 100%) L EXPLORATION POTENTIAL For personal use only l  Near mine high grade “Bigfoot style” mineralisation  Significant untested potential for VMS and Gold deposits  Historical 1970s regional exploration never assayed for gold  IGO high powered TEM system detected New “Eure

  19. Slide 19: IGO Transformation

    IGO TRANSFORMATION L GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY l  Planning for the Next Ten Years  Continue and Improve our excellent safety record  Target annual sustainable A$200M Cashflow from Operations  Target Low cash costs Long: A$4.80-5.00lb Ni Jaguar: A$0.30-0.50lb

  20. Slide 20: Contact Details

    INDEPENDENCE GROUP L CONTACT DETAILS L l 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

  21. Slide 21: Appendix: Reserves and Resources Statements

    L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 21

  22. Slide 22: Reserves and Resources: Long Nickel Operation

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

  23. Slide 23: Reserves and Resources: Tropicana Gold Project JV

    RESERVES AND RESOURCES L For personal use only TROPICANA GOLD PROJECT JV l Mineral Resources Ore Reserves December 2012 June 2011 Contained Contained Tonnes Grade Gold Tonnes Grade Gold Classification (Mt) (g/t)1 (Moz)2 Classification (Mt) (g/t)3 (Moz)4 Measured 29.8 2.1 2.03 Indicated 76.4 2.0 4.78

  24. Slide 24: 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

  25. Slide 25: Reserves and Resources: Stockman Project

    RESERVES AND RESOURCES L For personal use only STOCKMAN PROJECT l Mineral Resources 30 June 2012 Ore Reserve January 2013 Classification Tonnes Cu% Zn% Ag g/t Au g/t Classification Tonnes Cu% Zn% Ag g/t Au g/t CURRAWONG Indicated 9,548,000 2.0 4.2 42 1.2 Proven 0 0 0 0 0 Inferred 781,000 1.4 2.2 23

  26. Slide 26: Reserves and Resources: Karlawinda Gold Project

    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

  27. Slide 27: 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

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