Igo Limited · ASX:IGO
Igo — Independence Group NL — Diggers & Dealers 2009
39 slides from Igo's conference presentation, Jul 31, 2009
Slide 1: Continuing to Deliver Shareholder Wealth by Mining & Exploration Success
INDEPENDENCE GROUP NL For personal use only Continuing to Deliver Shareholder Wealth by Mining & Exploration Success. Diggers & Dealers August 2009 Chris Bonwick Managing Director
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS For personal use only 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
Slide 3: Competent Person Statement
COMPETENT PERSON STATEMENT For personal use only Note: The information in this presentation that relates to Exploration Results, Mineral Resources or Ore Reserves (apart from the Tropicana mineral resources) is based on information compiled by Mr Christopher M Bonwick who is a full-time employee of
Slide 4: Independence Overview - Corporate
INDEPENDENCE OVERVIEW - CORPORATE For personal use only Capital Structure: ASX Code: IGO 113.4M shares & 1.5M staff options Market Cap. (30/07/09): $601M Daily turnover (6 month average): 482,070 Substantial shareholders: JP Morgan - 9.9M shares (8.8%) NAB - 6.8M shares (6.1%) Financials: FY 09 NPAT
Slide 5: Independence Overview - Assets
INDEPENDENCE OVERVIEW - ASSETS For personal use only Long Nickel Mine 2008/9 Cash Costs (C1+C2 payable): A$3.85/lb Ni 2008/9 Revenue: A$7.83/lb Ni June 2008 Resources: 75,800t Ni @ 5.3% Ni June 2008 Reserves: 37,200t Ni @ 3.4% Ni Extending mine life – New Moran discovery Jun 2009 resource: 456,000 t
Slide 6: IGO History and Share Price
IGO HISTORY AND SHARE PRICE For personal use only Monthly Average Share Price to 30.07.09
Slide 7: Long Nickel Mine - IGO's Current Cash Producing Asset
INDEPENDENCE GROUP NL For personal use only LONG NICKEL MINE IGO’s CURRENT CASH PRODUCING ASSET Purchase price = A$15M $ IGO Profit to date = $ $247.1M 1979-1999 1979- WMC Production: 203,184t Ni 2002-2009 2002- IGO Production: 55 295t Ni 55,295t
Slide 8: Long Nickel Mine (IGO 100%)
LONG NICKEL MINE (IGO 100%) For personal use only HISTORY: ♦ Starting Reserve = 26,800Ni 26 800Ni t ♦ Production to Jun 09 = 55,815Ni t ♦ June 2008 Resource = 75,800Ni t ♦ June J 2008 R Reserves = 3737,200Ni 200Ni t (Moran yet to be included) GOALS: GOALS ♦ Sustainable 9,000t Ni pa in bottom 3rd of
Slide 9: Production Forecast & Hedging
PRODUCTION FORECAST & HEDGING For personal use only FY 2008/9 2008/9 Guidance Actual Production 8,400 - 8,800 Ni t 8,779 Ni t Grade 3.6% Ni 4.0% Ni Cash Costs (payable) A$4 50 - 4.65/lb A$4.50 4 65/lb Ni A$3 85/lb Ni A$3.85/lb FY 2009/10 Guidance Production 8,000 - 8,400 Ni t Grade 4.0% Ni
Slide 10: Quarterly Cash Costs & Revenue
QUARTERLY CASH COSTS & REVENUE For personal use only Relatively consistent cash costs
Slide 11: Mine Geophysics - TEM Equipment
MINE GEOPHYSICS - TEM EQUIPMENT For personal use only High powered TEM 3 component transmitter underground TEM system 10 x more powerful than current systems. Doubles search radius Down hole TEM probe detection up to 200m. Locates blind Cleaner data. 200m search radius. massive NiS M Mor
Slide 12: Long Mine Nickel Deposits & Targets
LONG MINE NICKEL DEPOSITS & TARGETS LONGITUDINAL PROJECTION For personal use only
Slide 13: McLeay - Mineralisation Outline
McLEAY – MINERALISATION OUTLINE For personal use only
Slide 14: Flashback - Diggers 2008: Long South TEM Conductors
FLASHBACK - DIGGERS 2008 LONG SOUTH TEM CONDUCTORS SLIDE For personal use only
Slide 15: Moran Discovery
For personal use only MORAN DISCOVERY
Slide 16: Moran Cross-Section 547680N
MORAN CROSS-SECTION 547680N For personal use only
Slide 17: Long Fly Through
For personal use only LONG FLY THROUGH
Slide 18: Tropicana JV - New Gold Province
TROPICANA JV - NEW GOLD PROVINCE IGO’S SECOND POTENTIAL CASH GENERATOR For personal use only AngloGold Ashanti – 70% (Manager) Independence Group – 30% Tropicana JV “New Gold Province under sand” 1000kms
Slide 19: Tropicana JV Tenements
TROPICANA JV TENEMENTS For personal use only
Slide 20: Tropicana JV Significant Discoveries to Date
TROPICANA JV SIGNIFICANT DISCOVERIES TO DATE For personal use only
Slide 21: Tropicana JV - June Global Resource
TROPICANA JV – JUN 09 GLOBAL RESOURCE For personal use only
Slide 22: Tropicana JV - June Pre-Feasibility Open Cut Design
TROPICANA JV – JUN 09 PRE- FEASIBILITY OPEN CUT DESIGN For personal use only
Slide 23: Tropicana JV - New Intercepts Outside June Open Cut Design
TROPICANA JV - NEW INTERCEPTS OUTSIDE JUN 09 OPEN CUT DESIGN For personal use only
Slide 24: High Grade In-Pit Intercepts Suggest Underground Potential
HIGH GRADE IN-PIT INTERCEPTS SUGGEST UNDERGROUND POTENTIAL For personal use only
Slide 25: Tropicana Pre-Feasibility Outcome
TROPICANA PRE-FEASIBILITY OUTCOME For personal use only Open-cut Resource: 75.3 Mt @ 2.07g/t Au (5.01 M oz Au) at Jul 09 Mining Inventory: 56 Mt @ 2.0g/t Au (3.6 M oz Au, 6.2:1 SR) (US$900/oz Au, AUD: USD 0.85, US$103/barrel oil& 15% discount rate assumptions) Mill: 6 Mt p/a (plant & infrastructure
Slide 26: Tropicana Mine Proposed Plant Layout
TROPICANA MINE PROPOSED PLANT LAYOUT For personal use only
Slide 27: Tropicana Fly Through
TROPICANA FLY THROUGH For personal use only
Slide 28: Regional Exploration Strategy
REGIONAL EXPLORATION STRATEGY For personal use only Discovering new, high profit mines by - Technical Innovation Geophysical tools to see “under cover” New targeting techniques Exclusive access to new data bases Unlocking value in established and emerging belts First mover advantage in “
Slide 29: IGO Nickel Exploration Projects
IGO NICKEL EXPLORATION PROJECTS For personal use only
Slide 30: Nickel Exploration Geophysics
NICKEL EXPLORATION GEOPHYSICS For personal use only High powered TEM transmitter truck developed in conjunction with Curtin University Squid TEM sensor Photo courtesy of Anglo American
Slide 31: Duketon JV Location
For personal use only DUKETON JV LOCATION
Slide 32: Duketon JV - Bulge Prospect Nickel Geochem Anomalies
DUKETON JV – BULGE PROSPECT NICKEL GEOCHEM ANOMALIES For personal use only
Slide 33: Duketon JV - Bulge Nickel Prospect
DUKETON JV – BULGE NICKEL PROSPECT (IGO earning 70%) For personal use only JV Partner: South Boulder
Slide 34: IGO Gold Exploration Projects
IGO GOLD EXPLORATION PROJECTS For personal use only
Slide 35: Karlawinda Project (IGO - 100%)
KARLAWINDA PROJECT (IGO – 100%) For personal use only
Slide 36: Karlawinda - Francopan Prospect Cross-Section
KARLAWINDA - FRANCOPAN PROSPECT CROSS-SECTION For personal use only
Slide 37: Karlawinda - Bibra Prospect Cross-Section
KARLAWINDA – BIBRA PROSPECT CROSS-SECTION For personal use only
Slide 38: New 100% IGO Data Base
NEW 100% IGO DATA BASE For personal use only 103,000 geochemical samples analysed. 189 000 geochemical 189,000 h i l samples l unanalysed. l d 2,278 samples reporting visible i ibl gold. ld 2,025 geophysical surveys. Estimated cost to replicate data base >$A500M. No buy-back or royalti
Slide 39: Independence Corporate Goals
INDEPENDENCE CORPORATE GOALS For personal use only To improve shareholder returns by becoming a highly profitable, multi commodity Australian mining company F Focus on: Low cash costs Mine longevity Innovative exploration Strong balance sheet