Igo Limited · ASX:IGO
Igo — Independence Group NL — Shareholder Meeting (November 2004)
43 slides from Igo's shareholder meeting presentation, Nov 24, 2004
Slide 1: Independence Group Annual General Meeting
ad a INDEPENDENCE _ Annual General Meeti 24) November 2004
Slide 2: a oO
= a oO ao — — house. — — — . ining £ 3 2 = Ivers © =} oe c CS oO & eo to become ad Im ) A oo .
Slide 3: oo o..
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Slide 4: Soe
Soe — —. ad ® _ 2 (o)) 2 (2) Q = ° ” = (2) = = _ _ Ins * so | Mo: > At least 3 British ss oe _ -
Slide 5: RES
Ce Po ——— oe RES es |¢ eo . : Oe — rr oo (diluted) c 2 a Se. 2 2. x C) 3 e G s CG) 2 o 2 = 3 & G jiation tal, deprec Excludes cap
Slide 6: SS Pe = — — = — | Fo Pe — _ — oo
SS Pe = — — = — | Fo Pe — _ — oo — — Po Oo —
Slide 7: IGO Cash
a. IGO CASH + eT yy)
Slide 8: Long Nickel Mine
LONG NICKEL MINE ae 1% Ni a | . _ - | ii. X PROJECT AREA 203184Nit ; iGo Production 2002-2004: 256,155 f 3.9 % Ni 9,852 Nit 2004/2005 Reserves: 1.185Mt 4.1 % Ni 48,300 Nit iT
Slide 9: IGO Nickel Resources & Reserves Comparison
= IGO NICKEL RESOURCES & o : RESERVES COMPARISON, Ni tonnes Reserve Grade |, 10000 8.0% 8000 + 6000 |- 4000 2000
Slide 10: Long Mine Safety
le LONG MINE SAFETY — its | wire ire | 2002/2003 ——— Industry Average Contributions to Safety: ) Owner operator with salaried employees. ) Continual awareness, training and good communication. ) High standards of shotcreting, bolting and meshing. ) Low extraction rate compared to previous owner.
Slide 11: co G
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Slide 12: Ss rr rr or < — Se de | — oo Pow ET =
Ss rr rr or 2 < — Se de | — oo Pow ET 4 = aA Pid poadBiadiiol D ual grade t — | _& rhs (oy) oa > e @ ” 2 ® _ _ lac a THN 9% N . 2 -6 dss ibb South G — | pe
Slide 13: r—— RS We _ — “fo : ESS s oe oo oe — os
r—— RS We _ — “fo : ESS s oe oo oe — os / rehab & other cash costs ill ing Deprec. / amort M
Slide 14: Future Cost Savings
FUTURE COST SAVINGS Producing own cement Hig
Slide 15: Future Cost Savings
eae Gompressed air blast hole rig FUTURE COST SAVINGS Le Lo oe a Re We New 55t haulage Saree Lp oy
Slide 16: — a | — — —
— a | — — —
Slide 17: Innovations - Geophysics
INNOVATIONS ~ GEOPHYSICS 3 component | “fluxgate down hole probe 3 component
Slide 18: Geophysics: Ni Grade Versus Conductivity
_ _ . GEOPHYSICS LG 14-224 Ni GRADE VERSUS CONDUCTIVITY = 2 = o Cc s o 2 OePFt NW kh ADs
Slide 19: Exploration Targets
” EXPLORATION TARGETS GOLD FIELDS ML 15/161 Oo Ni OYALTY AREA 7.1m @ 12.1% Ni 3.15m @ 3.2% Ni (0.76m @ 10.1% Ni’ ZT, (3.6m @ 3.3% Nic “TARGET AREAS LEGEND yy lactliatibe @ Victor South @ Long Deeps | Nickel mineralisation @ EM conductor @ Long South ©) Gibb North Lava channel ® Drilihole pierce poin
Slide 20: Production Head Grade
Production Head Grade | Nickel Tonnes % Ni 3000 oT 6.0 2500 ts : pa 6.0 i - | / 2000 | aa 4.0 1500 HE fk 4000 | Ee ial fs oeey 500 0 ae) Z x i Dec 02 Mar 03 Jun03 Sep03 Dec03 Mar04 Jun 04 Sep 04 Dec 04 Mar05 Jun 05 Production Ni tonnes | Forecast Ni tonnes 2004/5 Cash costs <A$3.30/Ib (payable nicke
Slide 21: Production Head Grade
Production Head Grade Nickel Tonnes % Ni 12000 10000 8000 6000 4000 2000 0 2004/5 2005/6 2006/7 2007/8 2008/9 [a Production Ni tonnes === Head grade % Ni 6.0 4.0
Slide 22: Australian Regional
AUSTRALIAN REGIONAL Looking for new nickel and gold camps: Under cover, and In lightly or unexplored terrains using empirical & conceptual targeting
Slide 23: IGO Nickel Exploration Projects
Slide 24: MAG TEM Sensor
MAG TEM SENSOR — e
Slide 25: Geophysical Innovations: Coil vs MAG TEM & SQUID TEM
Slide 26: Exploration Innovations
~ _EXPLORATION INNOVATIONS sourced from massive nickel ‘sulphides and fertile flows. ; Ultramafic Cross-section Sediments lava channel Chromite grains Chromite grains that formed in ultramafic form with nickel lavas which have ulphide: i A carried nickel sulphide TE Chromite grains a droplets
Slide 27: Nickel Deposit Chromite Grain
) NICKEL DEPOSIT CHROMITE GRAIN | _) Kambalda | ) Widgiemooltha __ ) Scotia Cosmos ) Blair Ravensthorpe ) 240 new nickel targets defined.
Slide 28: aay
aay a. a, oi ee BG Nas — Ly i Ge yy ae a Ve Sp oo Ge oC oe, ee a ee eS pa yx Chromite sample NiS anomalous chromite sample Image Legend Magnetic high
Slide 29: WIC Royalty
WIC royalty.
Slide 30: Anomalous Values and TEM Conductor
Anomalous values and TEM conductor over magnetics _ : Ni (ppm) Image Airmag Image 1042 4a, Cigh intensity Low intensity
Slide 31: Nickel Geochem Anomaly
i NICKEL GEOCHEM ANOMALY aeromagnetic image
Slide 32: IGO Gold Exploration
IGO GOLD EXPLORATION
Slide 33: Tropicana East Gold JV
TROPICANA EAST GOLD JV TROPICANA WEST IGO - 100% TRO PICA NA EAST IGO -diluting to 30% Kurnal i en My
Slide 34: Tropicana Cross-Section
See NS ECTIO CROSS-S CANA Mm >1.0gt Au TROPI = 3 = = oO x st oy J Le
Slide 35: Goldsworthy Gold JV
_ GOLDSWORTHY GOLD JV | Phanerozoic Cover Granite __| De Grey Group - Sediment Gorge Creek Group - BIF, Sedimert, Matic: a Warrawoona Group - Mafic, + Ultramatic, BIF Chert @ Gold deposits pe ___ PORT. T HEDLAND os ‘| GOLDSWORTHY GOLD PROJECT iGO earning 80% 7700000mN 20km
Slide 36: Anomalous Shea Gold JV
~ NOMALOUS SHEA GOLD WV ~ Tenement boundary Inferred mineralised shear gam Gold mineralised zones
Slide 37: Goldsearch JV
_ GOLDSEARCH JV Soil Geochem ] Au (ppb) ( | >20 3 7250000mN 500000mE 550000mE
Slide 38: Murrin South & Leonora Gold Projects
= MURRIN SOUTH & LEONORA 1 GOLD PROJECTS 360000E Nena % s rey & ‘728ppb Au 1km
Slide 39: Mt Padbury Project
é ~ MT PADBURY PROJECT © 1GO earni | Geochemistry Image
Slide 40: Dalwallinu Project
4 DALWALLINU PROJECT _ Avenic + Bismuth ~~ _ Geochemistry Image _ Geochemieiny Image _
Slide 41: Mt Isdell Project
a 4 MT ISDELL PROJECT _ Lead Geochemistry Image
Slide 42: oo oe . — ee es — — oo ee oe ee _ Ve
oo oe . — ee es — — oo ee oe ee _ Ve ee — oo — oo So — —o — cS |. _ ee oS —.mrrrrrs—s Po Se : Ive. t be value accret isitions mus ) Acqu
Slide 43: Independence: Creating Shareholder Wealth
. a 4 INDEPENDENCE GO Shares @ Creating Shareholder Wealth
Independence Group NL — Shareholder Meeting (November 2004) on 6ix