Igo Limited · ASX:IGO

Igo — Independence Group NL — Merger or Acquisition (February 2011)

20 slides from Igo's merger presentation, Feb 9, 2011

  1. Slide 1: Recommended Acquisition of Jabiru Metals

    For personal use only INDEPENDENCE GROUP GROWING A GREAT MULTI COMMODITY AUSTRALIAN MINING COMPANY Recommended Acquisition of Jabiru Metals 9 February 2011 0

  2. Slide 2: Forward Looking Statements

    For personal use only Forward Looking Statements 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 stat

  3. Slide 3: Creation of a Major Australian Metals Company: Low cost production

    Creation of a Major For personal use only Australian Metals Company Low cost production „ Low cost production at 100% owned Long nickel mine − 1H FY2011 Ni production of 5,111t Ni at cash cost of A$3.69/lb Ni (before royalties) − FY2011 guidance 8,800‐9,200t Ni at cash cost A$4.00 – 4.20/lb Ni (befo

  4. Slide 4: Creation of a Major Australian Metals Company: Development and exploration

    Creation of a Major For personal use only Australian Metals Company Development and exploration „ Near‐term gold production from world class Tropicana project (30% IGO) − First three years production of 470 – 490koz p.a. Au (100% basis) at cash costs of A$580 – A$600 /oz (including royalties) − Janu

  5. Slide 5: Transaction Summary

    Transaction Summary „ Off market takeover offer by Independence Group NL (“Independence”) for all the shares in Jabiru Metals Limited For personal use only Transaction (“Jabiru”) „ Unanimously recommended by Jabiru’s Board, in the absence of a Superior Proposal not matched by Independence Offer Term

  6. Slide 6: Strategic Rationale for the Merger

    For personal use only Strategic Rationale for the Merger Creation of a major „ Creates a high growth mid‐cap mining house with a unique balance of production, development Australian metals and exploration assets company „ Includes two low‐cost producing assets, two long‐life development assets, a pr

  7. Slide 7: Benefits for all Shareholders

    For personal use only Benefits for all Shareholders Jabiru Metals Shareholders Independence Group Shareholders 9 Attractive Offer price and premium 9 Enhanced project development pipeline 9 Exposure to a more diversified mix of 9 Broader base metals exposure and commodity production, development and

  8. Slide 8: Attractive Offer Price

    For personal use only Attractive Offer Price The implied Offer price(1) represents a significant premium to the recent trading level of Jabiru shares $1.00 $0.961 $0.90 57.2% 46.3% 50.6% 50.2% premium $0.80 44.5% premium premium premium premium $0.70 $0.665 $0.60 $0.657 $0.638 $0.640 $0.612 $0.50 $0

  9. Slide 9: Complementary Asset Pipeline and Expertise

    Complementary Asset Pipeline and For personal use only Expertise Combination of low cost, low risk cash flows from current operating mines with significant long‐life development projects and highly prospective exploration De Beers geological database Tropicana Birrindudu (Regional) Independence Orrb

  10. Slide 10: Quality Diversified Portfolio

    Quality Diversified Portfolio Jaguar/Bentley (Jabiru) – Production/Development Tropicana (Independence) – Near term production For personal use only ƒ 100% owned low cost copper and zinc production ƒ 30% owned world class gold project; AngloGold Ashanti 70% ƒ Positive BFS delivered Nov 2010 ƒ FY10 P

  11. Slide 11: Extensive Pipeline of Prospective Exploration

    Extensive Pipeline of Prospective For personal use only Exploration Independence’s Key Exploration Assets Jabiru’s Key Exploration Assets 9Multiple high quality Ni, Au, Sn and Cu‐Pb‐Zn exploration 9Jaguar / Bentley located in world class VMS province projects within the portfolio 950km of prospectiv

  12. Slide 12: Strong Balance Sheet

    For personal use only Strong Balance Sheet Enhanced scale and robust balance sheet provides financial flexibility „ Combined market capitalisation of approximately A$1.5b(1) „ Combined net cash of approximately A$270.9m(2a) Independence Jabiru Combined Closing share price A$7.69 A$0.665 (9 February)

  13. Slide 13: Enhanced Access to Capital

    For personal use only Enhanced Access to Capital ASX listed base metals companies >A$250m – Market capitalisation (A$m) 6,000 5,920 5,797 9 Share in combined 2,500 2,515 group with greater size, liquidity and market presence 9 Potential for ASX 100 Market capitalisation (A$m) 2,000 inclusion over ti

  14. Slide 14: Indicative offer timetable

    For personal use only Indicative offer timetable Lodgement of Independence’s Bidder’s Statement and Jabiru’s Target’s Wednesday 23 February 2011 Statement with ASIC and ASX, and service on Jabiru and Independence respectively Monday 28 February 2011 Despatch of Bidder’s and Target’s Statements Monda

  15. Slide 15: Contact Details

    For personal use only Contact Details Independence Group NL Jabiru Metals Limited Chris Bonwick – Managing Director Gary Comb – Managing Director Telephone: +61 8 9479 1777 Telephone: +61 8 9426 8300 Facsimile: +61 8 9479 1877 Facsimile: +61 8 9426 8399 Email: contact@igo.com.au Website: www.jabirum

  16. Slide 16: Appendix

    For personal use only Appendix Additional information 16

  17. Slide 17: Long Nickel Mine (100%)

    For personal use only Long Nickel Mine (100%) 17

  18. Slide 18: Tropicana (30%)

    For personal use only Tropicana (30%) 18

  19. Slide 19: Jaguar Bentley (100%)

    For personal use only Jaguar Bentley (100%) 19

  20. Slide 20: Competent Person's Statement

    For personal use only Competent Person’s Statement Independence Competent Person Statement Note: The information in this presentation that relates to Independence Group Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Christopher M Bonwick who is a full‐t

Independence Group NL — Merger or Acquisition (February 2011) on 6ix