Igo Limited · ASX:IGO
Igo — Independence Group NL — Shareholder Meeting (November 2016)
17 slides from Igo's shareholder meeting presentation, Nov 18, 2016
Slide 1: Annual General Meeting
INDEPENDENCE GROUP NL For personal use only Peter Bradford, Managing Director & CEO Annual General Meeting 18 November 2016
Slide 2: Cautionary statements & disclaimer
Cautionary statements & disclaimer For personal use only • This presentation has been prepared by Independence Group NL (“IGO”) (ABN 46 092 786 304). It should not be considered as an offer or invitation to subscribe for or purchase any securities in IGO or as an inducement to make an offer or invit
Slide 3: Outlook for base metals improving
Outlook for base metals improving Robust underlying supply and demand fundamentals for Cu and Ni For personal use only Relative Movement in A$ Spot Prices Last 2 years(1) Relative Movement in A$ Spot Prices Next 7 years(2) 1.40 1.40 1.20 1.20 1.00 1.00 0.80 0.80 0.60 0.60 Nov-14 Feb-15 May-15 Aug-15
Slide 4: Value focused strategy
Value focused strategy Transformational growth of EBITDA For personal use only A$M Macquarie Research EBITDA Profile A$M Diversified mining company 600 600 500 500 Quality 400 400 Scale 300 300 200 200 Western Australia Longevity 100 100 0 0 Geographical focus FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15
Slide 5: IGO strengths
IGO strengths We invest across the mining life cycle For personal use only Discovery Project Development Operations Proven generative exploration Demonstrated capability to Track record of consistent team focused on belt scale deliver development projects on delivery from operations projects w
Slide 6: IGO profile
IGO profile Diverse metal exposure with strong platform for growth For personal use only (1) Price Volume (M) A leading Australian mining company 6.00 14 • Based in Perth, Western Australia 5.00 12 • Strong Board and management 10 4.00 Solid share register 8 3.00 • Top 5 shareholders own 50% of regi
Slide 7: Nova Project
Nova Project World class magmatic Ni-Cu-Co deposit For personal use only Located 160km east of Norseman, WA • High grade underground mine with decline access • 1.5 Mtpa processing plant to produce Ni and Cu concentrates • Cash costs expected to be in bottom quartile Project is ahead of time and on b
Slide 8: Nova value unlocking
Nova value unlocking Project optimised and focus now on exploration For personal use only Optimisation studies delivered 51% increase in Cumulative value enhancement since acquisition(1)(2) 160% NPV relative to the DFS(1)(2) 140% 16% • Improved mining schedule and sequencing to prioritise higher- 12
Slide 9: Tropicana gold mine
Tropicana gold mine One of Australia’s leading open-pit gold mines For personal use only Located 370km NE of Kalgoorlie, WA • Joint venture with AngloGold Ashanti • Large scale open pit gold mine with CIL processing plant 400,000 oz/year gold production rate • 1Q17 production and cash costs at or be
Slide 10: Tropicana growth
Tropicana growth Long Island study mining concept For personal use only Long Island Study to Unlock full potential of Tropicana through: • 100km framework drilling beneath existing pits over last 12 months • Step change reduction in mining costs through adoption of a strip mining approach • In pit d
Slide 11: Long mine
Long mine +35 years of production at ~4% nickel For personal use only High grade underground nickel mine • Located in Kambalda, WA • Mining at ~1km depth with decline haulage to surface • Toll processing at BHP Billiton Nickel West concentrator • Offtake agreement with BHP Billiton Nickel West Consi
Slide 12: Jaguar mine
Jaguar mine VMS corridor with cluster of orebodies For personal use only High grade underground zinc/copper mine • Located 300km north of Kalgoorlie, WA • VMS province with three orebodies discovered and developed • Shallow underground mining with decline haulage to surface • Onsite concentrator to
Slide 13: Exploration
Exploration IGO remains committed to delivering growth through exploration For personal use only A$33M exploration budgeted across portfolio • Targeting provinces that can deliver multiple gold and base metals projects • Increasing focus on generative and greenfields projects FY17 Exploration Budget
Slide 14: Nova – Tropicana belt
Nova – Tropicana belt Two of Australia's best exploration discoveries in the last 15 years For personal use only 1) IGO entered into JV with Sheffield Resources Limited with an initial interest of 51% and may earn up to 70%(See ASX release dated 16 November 2016 SFX: SFX Forms Joint Venture with IGO
Slide 15: Sustainability (or ESG)
Sustainability (or ESG) Continued strengthening and improvement across the business For personal use only ACSI Assessment of IGO’s Sustainability Reporting(1) 1) Communication to IGO from Australian Council of Superannuation Investors dated 30 June 2016 regarding 2015 sustainability reporting 15
Slide 16: IGO Summary
IGO Summary Diversified mining company delivering cash flow and growth For personal use only Strong focus on operational performance and cost control Quality diversified assets • Solid 1Q17 operating performance across the portfolio • Tropicana plant expansion complete • Nova ahead of schedule and o
Slide 17: For personal use only
S AS WE GO FROM “STRENGTH TO STRENGTH igo.com.au
Independence Group NL — Shareholder Meeting (November 2016) on 6ix