Igo Limited · ASX:IGO

Igo — Independence Group NL — RIU Explorers Conference 2013

38 slides from Igo's conference presentation, Feb 13, 2013

  1. Slide 1: Growing a Great Australian Mining Company

    GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY RIU EXPLORERS CONFERENCE Chris Bonwick, Managing Director 13 February 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 statement, other

  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. (11/2/13): A$1,148.1M Cash (end Dec Qtr 2012): A$102.9M Debt (end Dec Qtr 2012): (A$16.2M) Unaudited H1 NPAT: A$16.3M Substantial shareholders: 65 Institutions in Top 100 67% Austr

  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  Highly complementary management and technical capabilities, with proven successful track records of expl

  5. Slide 5: IGO Major Projects

    IGO MAJOR PROJECTS L For personal use only l 5

  6. Slide 6: 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 Early Stage Pit 6

  7. Slide 7: 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 7

  8. Slide 8: Tropicana Gold Project

    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 ^  IGO attributable production years 1-3 : 141-147,000 oz Au pa ~  Cash costs years 1-3 : A$590-630/oz

  9. Slide 9: Tropicana Gold Project

    TROPICANA GOLD PROJECT L IGO 30%, AGA 70%, MANAGER  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 Pr

  10. Slide 10: 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 10

  11. Slide 11: Tropicana Gold Project: Significant Down Plunge Potential

    TROPICANA GOLD PROJECT L LL  SIGNIFICANT DOWN PLUNGE POTENTIAL l For personal use only ll Drill widths approximate true widths 11

  12. Slide 12: 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 have been drilled with RC or DD  Geochem Coverage over 7,000 km2  Of the 32 Prospects drilled ~14 have  Geochem Based Prospects ~ 60 drill intercep

  13. Slide 13: Tropicana Gold Project Fly Through

    TROPICANA GOLD PROJECT L FLY THROUGH For personal use only l 15

  14. Slide 14: Long Nickel Operation

    LONG NICKEL OPERATION (IGO 100%) L  Record^ Annual 2012 Production – 9,995t Ni (2011/12 Guidance 8,800-9,200t Ni). For personal use only  IGO produced over 83,000t Ni since acquisition. l  June 2012 Ore Reserve 41,900t Ni and Resource 76,600t Ni.  Exploration success continues to add to Mining I

  15. Slide 15: Long Nickel Operation: Celebrating 10 Years of Low Cost Nickel

    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 15

  16. Slide 16: Long Nickel Operation: Innovative Research and Development

    LONG NICKEL OPERATION (IGO 100%) L  INNOVATIVE RESEARCH AND DEVELOPMENT For personal use only l High powered TEM transmitter **exclusive to IGO**  10 x more powerful than conventional systems.  Nickel sulphides are very  Doubles search radius conductive and can be detection up to 200m. detected

  17. Slide 17: Long Nickel: Deposits & Targets Longitudinal Projection

    LONG NICKEL OPERATION (IGO 100%) L  DEPOSITS & TARGETS LONGITUDINAL PROJECTION 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 31/10/2012 ASX Release : Quarterly Activities Report to 30 September 2012

  18. Slide 18: Jaguar Operation

    JAGUAR OPERATION (IGO 100%) L  PRODUCTION UPDATE & OPERATIONAL IMPROVEMENTS For personal use only ACTUAL GUIDANCE l QTR Sept Dec QTR ZINC-COPPER-SILVER 2011/12 2012/13 2012 2012 OPERATION Production (Zn Tonnes) 16,569 27,000 – 28,000 6,668 8,962 Production (Cu Tonnes) 7,257 5,000 – 6,000 1,360 1,20

  19. Slide 19: Jaguar & Bentley

    JAGUAR & BENTLEY (IGO 100%) L  PRODUCTION UPDATE & OPERATIONAL IMPROVEMENTS For personal use only HEAVY MEDIA SEPARATION PLANT l  Removes waste rock from diluted ore and stringer sulphides.  Increases mill head-grade resulting in reduced processing costs. “Floats” “Sinks”  Total tonnes treated 9

  20. Slide 20: Jaguar & Bentley: Bentley Deposit

    JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT  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 20

  21. Slide 21: Jaguar & Bentley: Bentley Deposit

    JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT For personal use only  Discovered – 2008 Development – 2011 First Stoping – Sept Qtr 2012 l Bentley - Mineral Resource Total Tonnes Cu % Zn % Ag g/t Au g/t Total Resource 2,914,000 1.9 10.2 134 0.7 Bentley – Contained Metal Cu t Zn t Ag Moz Au oz Total

  22. Slide 22: Jaguar & Bentley

    JAGUAR & BENTLEY (IGO 100%) L  Under-explored 50km long prospective Cu-Zn-Ag VMS corridor.  High Prospectivity around existing 3 mines. For personal use only  Six Cu-Zn-Ag alteration anomalies under-cover being systematically l tested. Golden Grove Gossan Hill : discovery history Bentley Deposit

  23. Slide 23: Stockman Project

    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

  24. Slide 24: Stockman Project: Feasibility Study

    STOCKMAN PROJECT (IGO 100%) L l L FEASIBILITY STUDY l For personal use only  Two underground mines - Wilga and Currawong  Feeding a 1Mtpa flotation plant over 9 years  LOM Payable Metals 144,000t Cu, 229,000t Zn, 4.1Moz Ag & 44,000oz Au  Recent gold discovery at Bigfoot prospect, 300m north of C

  25. Slide 25: 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

  26. Slide 26: Karlawinda Gold Project: Bibra Prospect Cross-Section

    KARLAWINDA GOLD PROJECT (IGO 100%) L BIBRA PROSPECT CROSS-SECTION For personal use only  Scoping Study commenced. l  Potential to increase resources down dip and along strike. Reference: IGO 28/06/2012 ASX Release for Karlawinda Gold Project 26

  27. Slide 27: De Beers Database

    DE BEERS DATABASE (IGO 100%) L L  Long term exploration asset to find new Australian mineral camps.  293,000 geochemical samples collected by De Beers over 30 years. l For personal use only  IGO analysing samples for 57 elements including Ni, Cu, Pb, Zn, Au,l Ag, Pt, Pd, U, rare earths, Sn, Li, K

  28. Slide 28: De Beers Database: Unlocking the Potential

    DE BEERS DATABASE (IGO 100%) L L UNLOCKING THE POTENTIAL l For personal use only  De Beers Targets Under Review l  71 Gold Anomalies  33 Base Metal Anomalies  3 Other/Strategic Metal Anomalies Anomalous base metal and sulphur rich gossan found by Independence Group geologists following upstream

  29. Slide 29: IGO Strategic Objectives

    IGO STRATEGIC OBJECTIVES  Future Target : Sustainable Annual A$200M Cash flow from Operations For personal use only A$M Cashflow From Operations 200 Target Annual Cashflow with Tropicana, Long & Bentley at full production 150 100 50 30.2 58.9 52.8 31.9 38.2 0 2009 A 2010 A 2011 A 2012 A HALF YEAR 2

  30. Slide 30: 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

  31. Slide 31: 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

  32. Slide 32: Appendix: Reserves and Resources Statements

    L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 32

  33. Slide 33: 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

  34. Slide 34: 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

  35. Slide 35: 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

  36. Slide 36: Reserves and Resources: Stockman Project

    RESERVES AND RESOURCES L For personal use only STOCKMAN PROJECT l Mineral Resources 30 June 2012 Ore Reserve 31 December 2012 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

  37. Slide 37: 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

  38. Slide 38: 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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