Igo Limited · ASX:IGO

Igo — Independence Group NL — Denver Gold Forum 2013

36 slides from Igo's conference presentation, Sep 24, 2013

  1. Slide 1: Growing a Great Australian Mining Company

    GROWING A GREAT For personal use only AUSTRALIAN MINING COMPANY Denver Gold Forum 2013 22-25 September 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 233.3M shares l Financials: Market Cap. (12/9/13): A$956.6M Cash (at 30/6/13): A$27.2M Debt (at 30/6/13): (A$ 20.0M) Undrawn Corporate Loan (at 30/6/13): A$120.0M FY2013 FINANCIAL YEAR RESULTS NPAT: A$ 18.3M EBITDA: A$ 5

  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 portfolio l l L  Highly complementary management and technical capabilities, with proven successful track r

  5. Slide 5: Protection Against Uncertainty

    PROTECTION AGAINST UNCERTAINTY $/oz Year to Date Gold Price $/oz L 1,800 1,700 For personal use only 1,600 l Year to Date : Gold Price 1,500 AUD 302 per ounce range 1,400 1,300 USD 469 per ounce range 1,200 1,100 31/12/2012 31/01/2013 28/02/2013 31/03/2013 30/04/2013 31/05/2013 30/06/2013 31/07/2013

  6. Slide 6: IGO Major Projects

    IGO MAJOR PROJECTS L For personal use only l 6

  7. Slide 7: Tropicana Gold Project

    TROPICANA GOLD PROJECT L L IGO 30%, AGA 70%, MANAGER For personal use only NEW AUSTRALIAN GOLD PROVINCE UNDERl SAND l DUNES 7

  8. Slide 8: Tropicana Gold Project

    TROPICANA GOLD PROJECT L IGO 30%, AGA (MANAGER) 70% 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 Tropicana Ore Reserve Estimate 8

  9. Slide 9: Tropicana Gold Project: Project Commissioning Underway

    TROPICANA GOLD PROJECT L IGO 30%, AGA (MANAGER) 70% For personal use only PROJECT COMMISSIONING UNDERWAY l  Project 93% complete at 30th June 2013  First gold expected September Qtr 2013  CAPEX estimate unchanged IGO share A$246M – A$254M  IGO spend A$214M Estimate A$35M remaining  IGO attribut

  10. Slide 10: Tropicana Gold Project: 2012 Australian Gold Production Comparison

    TROPICANA GOLD PROJECT L For personal use only  2012 AUSTRALIAN GOLD PRODUCTION COMPARISON l Gold Ounces Top 20 Australian Gold Mines by Production 2012 800,000 Tropicana* (100%) 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

  11. Slide 11: 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 Tropicana Ore Reserve Estimate 11

  12. Slide 12: Tropicana Gold Project: Untested Down Plunge Potential

    TROPICANA GOLD PROJECT L LL  UNTESTED DOWN PLUNGE POTENTIAL l For personal use only ll Drill widths approximate true widths 12

  13. Slide 13: Tropicana Gold Project: Significant Regional Potential

    TROPICANA GOLD PROJECT L LL  SIGNIFICANT REGIONAL POTENTIAL l For personal use only ll  Tenement Area 12,400 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

  14. Slide 14: Tropicana Gold Project: Fly Through

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

  15. Slide 15: Long Nickel Operation (IGO 100%)

    LONG NICKEL OPERATION (IGO 100%) L  FY 2013 Record^ Production – 11,180t Ni t For personal use only  IGO produced over 95,000t Ni since acquisition l  Consistent low cost production  Year on Year 9% reduction in payable cash costs (A$/lb Ni)  Exploration success continues to add to mining inven

  16. Slide 16: Long Nickel Operation: Years of Low Cost Nickel Production

    LONG NICKEL OPERATION (IGO 100%) L  OVER 10 YEARS OF LOW COST NICKEL PRODUCTION For personal use only l LOM PRODUCTION AVERAGE Cash Cost + Royalties A$4.14/lb Ni Realised Price A$9.92/lb Ni 16

  17. Slide 17: Long Nickel Operation: 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 17

  18. Slide 18: Jaguar Operation (IGO 100%)

    JAGUAR OPERATION (IGO 100%) L  OPERATIONAL IMPROVEMENTS CONTINUE For personal use only l  Record production in June Qtr 2013  Year on Year 15% reduction in payable cash costs (A$Zn/lb)  On the path to consistent and lower cost production ZINC-COPPER-SILVER FY2013 FY2013 FY2014 OPERATION GUIDANCE

  19. Slide 19: Jaguar & Bentley (IGO 100%)

    JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT  New mining plan achieving more consistent production For personal use only  Balance of production changing to Stoping rather than Development l Reference: IGO ASX Release 19/10/2012 for Annual Report: Jaguar/Bentley Operation Mineral Resource and Ore

  20. Slide 20: Jaguar & Bentley (IGO 100%)

    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  Ten Cu-Zn-Ag alteration anomalies under cover being systematically l tested. Golden Grove Gossan Hill : discovery history Bentley Deposit

  21. Slide 21: 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

  22. Slide 22: Stockman Project: Permitting Process Underway

    STOCKMAN PROJECT (IGO 100%) L PERMITTING PROCESS UNDERWAY l For personal use only L l  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 discoveries at Bigfoot and Eureka immedia

  23. Slide 23: Karlawinda Gold Project (IGO 100%)

    KARLAWINDA GOLD PROJECT (IGO 100%) L NEW GOLD PROVINCE IN IRON ORE COUNTRY  Mineral Resource 674,300 oz Au (June 2012) For personal use only  Potential to increase resources down dip and along strike l  Exploration testing prospective corridors Reference: IGO 28/06/2012 ASX Release for Karlawinda

  24. Slide 24: De Beers Database (IGO 100%)

    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 e

  25. Slide 25: De Beers Database: Unlocking the Potential

    DE BEERS DATABASE (IGO 100%) L L UNLOCKING THE POTENTIAL l  IGO 2009 gold analysis of archived De Beers samples collected before the discovery of the For personal use only Plutonic Gold Mine (WA). l 25

  26. Slide 26: 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 low cash costs Tropicana: A$590-630/oz Au Long: A$4.30-4.70/lb Ni Jaguar: A$0.40-0.60/lb Zn  Pay consistent dividends

  27. Slide 27: 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

  28. Slide 28: Appendix: Reserves and Resources Statements

    L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 28

  29. Slide 29: Reserves and Resources: Long Nickel Operation

    RESERVES AND RESOURCES L For personal use only LONG NICKEL OPERATION Mineral Resources 30 June 2012 l 30 June 2012 Ore Reserve 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

  30. Slide 30: 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

  31. Slide 31: 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

  32. Slide 32: 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

  33. Slide 33: 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

  34. Slide 34: Competent Persons Statements

    COMPETENT PERSONS STATEMENTS L For personal use only Notes: l JORC Code Competent Persons Statements Exploration Results The information in this report that relates to Exploration Results is based on information compiled by Mr Christopher Bonwick. Mr Bonwick is a full-time employee of the Company an

  35. Slide 35: Competent Persons Statements

    COMPETENT PERSONS STATEMENTS For personal use only Notes: Tropicana Ore Reserves 27 July 2011 In the 27th July 2011 ASX announcement, the information that related to Ore Reserves was based on information compiled by Mr Marek Janas, a former full-time employee of AngloGold Ashanti Limited, who is a m

  36. Slide 36: Competent Persons Statements

    COMPETENT PERSONS STATEMENTS Notes: For personal use only Long Mineral Resources and Ore Reserves 17 October 2012: The information in this report that relates to the Long Nickel Mine’s Mineral Resources is based on information compiled by Ms Somealy Sheppard and Mr Jason Harris. The information in t

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