Igo Limited · ASX:IGO
Igo — Independence Group NL — Investor Presentation (May 2012)
96 slides from Igo's investor presentation, May 2012
Slide 1: Independence Group: Growing a Great Australian Mining Company
INDEPENDENCE GROUP GROWING A GREAT AUSTRALIAN MINING COMPANY May 2012 Investor Update Chris Bonwick – Managing Director 1
Slide 2: Disclaimer
Disclaimer 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 than statements of histor
Slide 3: Independence Group Overview - Corporate
Independence Group Overview - Corporate Capital Structure: ASX 200 Code : IGO 232.9M shares Market Cap. (30/04/2012) : A$1,004M Substantial shareholders: JCP : 12.8% (30 March 2012) Fidelity: 5.2% Australian Institutions: 65.0% Off Shore Institutions: 10.2% 57 Institutions in top 100 Financials: Cas
Slide 4: Asset Pipeline and Organic Growth Profile
Asset Pipeline and Organic Growth Profile Combination of low cost cash flows from current operating mines with significant long-life development projects and highly prospective exploration 4
Slide 5: IGO March 2012 Qtr Highlights
IGO March 2012 Qtr Highlights Long-life development projects and exploration upside Tropicana • On schedule for first gold pour Q4 CY13 • Significant upside potential to BFS pit design • Continued high-grade exploration results Long • Solid production performance exceeding budget guidance • Largest
Slide 6: Mines, Development and Advanced Exploration Projects
Independence Group NL – Mines, Development and Advanced Exploration Projects 6
Slide 7: Diversified Metals Portfolio
Independence Group NL Diversified Metals Portfolio Metal Attributable IGO Projects Resources* Gold 2.5 M ounces Au Tropicana (30%), Karlawinda, Bentley, Stockman (100%) Nickel 104,000 tonnes Ni Long (100%), Duketon (earning 70%) Copper 248,000 tonnes Cu Jaguar, Bentley, Stockman (100%) Zinc 1,086,00
Slide 8: Tropicana JV Gold Production 2013
Tropicana JV (IGO 30%, AGA 70% Manager) Gold Production 2013 PROJECT UNDER CONSTRUCTION - A New Australian Gold Province 36% Complete at March 2012 First Production estimated December Qtr 2013 Resources – IGO 30% Share – 1,900,000 oz Au Reserves – IGO 30% Share – 1,100,000 oz Au ……and growing Combin
Slide 9: Tropicana JV Gold Production 2013
Tropicana JV (IGO 30%, AGA 70% Manager) Gold Production 2013 PROJECT UNDER CONSTRUCTION Airstrip Primary Crusher CIL Area Mill Foundations 9
Slide 10: Tropicana JV 2011 Resources & Reserves
Tropicana JV (IGO 30%) 2011 Resources & Reserves 100% PROJECT – BFS Project Pit Design November 2010 BFS Reserve: 48Mt @ 2.2g/t Au = 3.4Moz (A$1,100/oz) Reference – IGO 11/11/10 ASX Release for Resource and Reserve Estimates 10
Slide 11: Tropicana JV Upside Studies and Potential
Tropicana JV (IGO 30%) Upside Studies and Potential November 2011 Mineral Resource: 88.3Mt @ 2.3g/t Au = 6.41Moz (A$1,400/oz) June 2011 Open Pit Reserve: 56.4Mt @ 2.2g/t Au = 3.91Moz (A$1,210/oz) Reference – AGA 27/7/11 and 29/11/11 ASX Releases for Resource and Reserve Estimates 11
Slide 12: Tropicana JV Upside Potential to Mine Design
Tropicana JV (IGO 30%) Upside Potential to Mine Design Potential Upside to BFS Pit Designs: • Inclusion of Boston Shaker pit • Underground operations at Havana, Tropicana and Boston Shaker • Joining of pits between Havana and Tropicana • Expanded Pit Shell New Exploration Results: • Havana Deeps: •
Slide 13: Tropicana JV - Havana Open Pit and Underground Potential
Tropicana JV (IGO 30%) - Havana Open Pit and Underground Potential Havana Deeps Underground Havana Potential Open Pit Resource Location Cut-back Reference – AGA 27/7/11 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Release for Havana Deeps Underground Resource Estimate 13
Slide 14: Boston Shaker and Swizzler Significant Intercepts
Tropicana JV (IGO 30%) - Boston Shaker and Swizzler Significant Intercepts Proposed Boston Shaker, Tropicana and Havana Open Pit Outlines, g/t Au x Thickness (m) Contours, Significant Drill Intercepts and Location of the Swizzler and Swizzler Deeps Prospects Drill widths approximate true widths 14
Slide 15: Tropicana JV Bankable Feasibility Study & June 2011 Reserve Update
Tropicana JV – Bankable Feasibility Study & June 2011 Reserve Update (100% Project) BFS Open Pit Reserves: Tropicana, Havana, Havana South 48Mt at 2.2 g/t Au – 3.4M oz* *A$1,100 oz Au, A$106/bbl oil, 0.7 g/t Au fresh ore cut off) BFS LOM Production: 3.45Moz over 10 years (1.04M oz IGO 30%) Ave LOM A
Slide 16: Tropicana JV Significant Discoveries To Date
Tropicana JV (IGO 30%) Significant Discoveries To Date Numerous gold anomalies and potential for other gold discoveries Reference – AGA 27/7/11 and 29/11/11 ASX Releases for Resource and Reserve Estimates 16
Slide 17: Tropicana JV Fly Through
Tropicana JV (IGO 30%) Fly Through 17
Slide 18: Jaguar / Bentley Production Guidance and Target
Jaguar / Bentley Operation (IGO 100%) Production Guidance and Target 2011/12 Production Guidance Metal in concentrate: 7,500 - 8,500t Cu, 15,500 - 16,500t Zn, 0.4 – 0.5M oz Ag 2012/13 Production target Mining 600,000t ore: Jaguar – 120,000t, Bentley – 480,000t HMS feed: 300,000t producing ~150,000t
Slide 19: Jaguar / Bentley Bentley Ore Body
Jaguar / Bentley Operation (IGO 100%) Bentley Ore Body June 2011 Resource: 3.0M t @ 2.0% Cu, 9.8% Zn, 139g/t Ag, 0.7g/t Au June 2011 Reserve: 2.45M t @ 1.5% Cu, 8.6% Zn, 106g/t Ag, 0.5g/t Au Drill intercepts are quoted as down hole widths, and not true widths Reference – IGO 20/10/11 Annual Report A
Slide 20: Jaguar and Far Side Deposits
Jaguar / Bentley Operation (IGO 100%) Jaguar and Far Side Deposits Jaguar – Far Side Deposits cross-section Potential to increase reserves Far Side Deposit drill hole Cu grade longitudinal projection 20
Slide 21: Jaguar/Bentley Exploration Model and Potential
Jaguar/Bentley Operation (IGO 100%) Exploration Model and Potential Volcanic Massive Sulphide (VMS) Discovery History & Mineralisation Scale Bentley Resource Golden Grove Gossan Hill discovery history Outline ? ? ? 21
Slide 22: Pumping Station VMS Prospect
Jaguar / Bentley Operation (IGO 100%) Pumping Station VMS Prospect Under explored 50km long prospective Cu-Zn-Ag VMS corridor. Prospectivity around existing 3 mines. 8 Cu-Zn-Ag alteration anomalies under cover being tested systematically. 22
Slide 23: Long Nickel Operation: Largest ever Ore Reserve and Resource
Long Nickel Operation (IGO 100%) 2002 Purchase price = A$15M IGO Produced 80,609t Ni since acquisition Update Largest ever Ore Reserve (58,100t) and Resource (83,000t) supporting potential 5+ year mine life based on Reserves. New exploration success in new areas of Moran South, Moran East and Long N
Slide 24: Long Nickel Quarterly Cash Costs and Revenue
Long Nickel Operation (IGO 100%) Quarterly Cash Costs and Revenue History of high operating margins and consistent low cash costs Revenue A$/lb Ni (includes hedging) Payable Cash Costs A$/lb Ni 24
Slide 25: Long Nickel Mine Geophysics - TEM Equipment
Long Nickel Operation (IGO 100%) Mine Geophysics - TEM Equipment Innovative research and development High powered TEM Underground transmitter Down hole TEM **Exclusive to IGO** surveying • 10 x more powerful than current systems. • More accurate drill • Doubles search radius Down hole TEM probe targ
Slide 26: Long Deposits and Targets - Longitudinal Projection
Long Nickel Operation (IGO 100%) Deposits and Targets - Longitudinal Projection Largest Reserve since IGO reopened the mine (mine life extended to at least 2017) Reference – IGO 20/10/11 Annual Report ASX Release for Resource and Reserve Estimates 26 IGO ASX Release 30 April 2012 Quarterly Report
Slide 27: Long Nickel Moran South Nickel Target
Long Nickel Operation (IGO 100%) Moran South Nickel Target New zone of nickel sulphides intersected east of Moran More DHTEM conductors south-east of Moran Drilling in progress 27
Slide 28: Long Nickel Operation Fly Through
Long Nickel Operation (IGO 100%) Fly Through 28
Slide 29: Karlawinda Gold Project Regional Location
Karlawinda Gold Project (IGO 100%) Regional Location Large new gold system close to gas pipeline and existing Newman infrastructure 29
Slide 30: Karlawinda Bibra Prospect Gram x Metre Contours
Karlawinda Gold Project (IGO 100%) Bibra Prospect Gram x Metre Contours Reference – IGO 31/3/12 ASX Quarterly Report 30
Slide 31: Karlawinda Bibra Prospect Cross-section
Karlawinda Gold Project (IGO 100%) Bibra Prospect Cross-section Maiden Resource 219,900 oz Au B B’ Drill intercepts are quoted as down hole widths, and not true widths Reference – IGO 31/3/11 ASX Quarterly Report for Resource estimate 31
Slide 32: Karlawinda Francopan Prospect Cross-section
Karlawinda Gold Project (IGO 100%) Francopan Prospect Cross-section Very large gold system Drill intercepts are quoted as down hole widths, and not true widths 32
Slide 33: Stockman Project
Stockman Project (IGO 100%) Wilga and Currawong Cu-Zn-Ag Deposits discovered by WMC in 1978/9. June 2011 Total Indicated + Inferred Resources: 12.7M t @ 2.1% Cu, 4.4% Zn, 39g/t Ag, 1.0g/t Au Reference – IGO 20/10/11 Annual Report ASX Release for Resource Estimate Activities Update: • New Exploration
Slide 34: Duketon JV Rosie Prospect Massive Nickel Sulphides
Duketon JV (IGO earning 70%) Rosie Prospect Massive Nickel Sulphides Rosie Prospect massive nickel sulphides assaying: 5.2m @ 9.1% Ni, 1.1% Cu, 0.2% Co, 7.1g/t PGE’s (2.2g/t Pt, 1.7g/t Pd, 1.8g/t Ru & 0.8g/t Rh) Drill intercepts are quoted as down hole width, not true width 34
Slide 35: Duketon JV Rosie Prospect Maiden Resource
Duketon JV (IGO earning 70%) Rosie Prospect Maiden Resource Reference – IGO 25/1/12 ASX Release for Resource Estimate 35
Slide 36: Project Generation: De Beers Database
Project Generation De Beers Database (IGO 100%) No buy-back or royalties on future mineral discoveries Long term exploration asset to find new Australian mineral camps. 293,000 geochemical samples collected. IGO analysing samples for 57 elements including Ni, Cu, Pb, Zn, Au, Ag, Pt, Pd, Ur, rare ear
Slide 37: De Beers Database
De Beers Database (IGO 100%) IGO Team Preparing geochemical samples for analysis in sample storage shed IGO 2009 gold analysis of De Beers samples collected before the discovery of the Plutonic Gold Mine (WA) Potential of the 100% owned proprietary data base for identifying undiscovered deposits 37
Slide 38: Asset Pipeline and Organic Growth Profile
Asset Pipeline and Organic Growth Profile Combination of low cost cash flows from current operating mines with significant long-life development projects and highly prospective exploration Highly complementary management and technical capabilities, with proven successful track records of exploration
Slide 39: Independence Group Contact Details
Independence Group Contact Details Perth Office Managing Director – Chris Bonwick Suite 4, Level 5 South Shore Centre 85 South Perth Esplanade South Perth, Western Australia 6151 Postal: PO Box 496, South Perth Western Australia 6951 Telephone: +61 8 9238 8300 Facsimile: +61 8 9238 8399 Email: conta
Slide 40: Appendix: Resource and Reserve Statements
Independence Group NL APPENDIX RESOURCE and RESERVE STATEMENTS 40
Slide 41: Long Nickel Mine June 2011 Resources and Reserves
Long Nickel Mine (IGO 100%) June 2011 Resources and Reserves RESOURCES MINING RESERVE Undiluted at 1% Ni Cut-off 1, 2 as at 30 June 2011 as at 30 June 2011 Tonnes Ni % Ni Tonnes Tonnes Ni % Ni Tonnes LONG Measured 26,000 5.6 1,500 LONG Proven Indicated 210,000 4.8 10,100 Probable 127,000 3.0 3,800 I
Slide 42: Tropicana JV Nov 2011 Resources and Jun 2011 Interim Reserves
Tropicana JV (AGA 70% / IGO 30%) Nov 2011 Resources and Jun 2011 Interim Reserves November 2011 June 2011 Project Resources Project Reserves Tonnes Grade Contained Tonnes Grade Contained (Mt) (g/t) 1 Gold (Mt) (g/t) 3 Gold 2 4 (Moz) (Moz) Measured 28.2 2.1 1.95 Proved 25.8 2.3 1.90 Indicated 49.4 2.
Slide 43: Jaguar/Bentley Project Mineral Resource – June 2011
Jaguar/Bentley Project Mineral Resource – June 2011 2.0 - Reference – IGO 20/10/11 Annual Report ASX Release for Resource Estimates 43
Slide 44: Jaguar/Bentley Project Reserve – June 2011
Jaguar/Bentley Project Reserve– 30 June 2011 - Reference – IGO 20/10/11 Annual Report ASX Release for Reserve Estimates 44
Slide 45: Stockman Resource Estimate – June 2011
Stockman Resource Estimate – June 2011 Stockman Classification Tonnes Cu % Zn % Pb % Ag g/t Au g/t Currawong Indicated 9,130,000 2.0 4.2 0.8 42 1.2 Currawong Inferred 305,000 1.4 4.1 0.6 34 0.5 Total Indicated + Inferred 9,435,000 2.0 4.2 0.8 42 1.2 Wilga Indicated 2,368,000 2.1 5.5 0.5 32 0.5* Wilg
Slide 46: Karlawinda Bibra Deposit Maiden Resource Dec 2011
Karlawinda Gold Project – Bibra Deposit Maiden Resource Dec 2011 Tonnes Au Grade Contained Au Mineralisation Type (Mt) (g/t) (oz) Laterite 1.9 1.2 73,300 Upper Saprolite 0.8 1.1 28,300 Lower Saprolite 1.6 1.1 56,600 Sub-total Oxide Inferred 4.3 1.1 158,200 Transition Inferred 1.6 1.2 61,700 Grand To
Slide 47: Duketon Nickel JV Maiden Resource Dec 2011
Duketon Nickel JV– IGO Earning 70% Maiden Resource Dec 2011 Reference – IGO 25/01/2012 ASX Announcement for Resource Estimate 47
Slide 48: Competent Person Statements
Competent Person Statements 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 Mining and Metallurgy. Mr Bonwi
Slide 49: Independence Group: Growing a Great Australian Mining Company
INDEPENDENCE GROUP GROWING A GREAT AUSTRALIAN MINING COMPANY May 2012 Investor Update Chris Bonwick – Managing Director 1
Slide 50: Disclaimer
Disclaimer 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 than statements of histor
Slide 51: Independence Group Overview - Corporate
Independence Group Overview - Corporate Capital Structure: ASX 200 Code : IGO 232.9M shares Market Cap. (30/04/2012) : A$1,004M Substantial shareholders: JCP : 12.8% (30 March 2012) Fidelity: 5.2% Australian Institutions: 65.0% Off Shore Institutions: 10.2% 57 Institutions in top 100 Financials: Cas
Slide 52: Asset Pipeline and Organic Growth Profile
Asset Pipeline and Organic Growth Profile Combination of low cost cash flows from current operating mines with significant long-life development projects and highly prospective exploration 4
Slide 53: IGO March 2012 Qtr Highlights
IGO March 2012 Qtr Highlights Long-life development projects and exploration upside Tropicana • On schedule for first gold pour Q4 CY13 • Significant upside potential to BFS pit design • Continued high-grade exploration results Long • Solid production performance exceeding budget guidance • Largest
Slide 54: Mines, Development and Advanced Exploration Projects
Independence Group NL – Mines, Development and Advanced Exploration Projects 6
Slide 55: Diversified Metals Portfolio
Independence Group NL Diversified Metals Portfolio Metal Attributable IGO Projects Resources* Gold 2.5 M ounces Au Tropicana (30%), Karlawinda, Bentley, Stockman (100%) Nickel 104,000 tonnes Ni Long (100%), Duketon (earning 70%) Copper 248,000 tonnes Cu Jaguar, Bentley, Stockman (100%) Zinc 1,086,00
Slide 56: Tropicana JV Gold Production 2013
Tropicana JV (IGO 30%, AGA 70% Manager) Gold Production 2013 PROJECT UNDER CONSTRUCTION - A New Australian Gold Province 36% Complete at March 2012 First Production estimated December Qtr 2013 Resources – IGO 30% Share – 1,900,000 oz Au Reserves – IGO 30% Share – 1,100,000 oz Au ……and growing Combin
Slide 57: Tropicana JV Gold Production 2013
Tropicana JV (IGO 30%, AGA 70% Manager) Gold Production 2013 PROJECT UNDER CONSTRUCTION Airstrip Primary Crusher CIL Area Mill Foundations 9
Slide 58: Tropicana JV 2011 Resources & Reserves
Tropicana JV (IGO 30%) 2011 Resources & Reserves 100% PROJECT – BFS Project Pit Design November 2010 BFS Reserve: 48Mt @ 2.2g/t Au = 3.4Moz (A$1,100/oz) Reference – IGO 11/11/10 ASX Release for Resource and Reserve Estimates 10
Slide 59: Tropicana JV Upside Studies and Potential
Tropicana JV (IGO 30%) Upside Studies and Potential November 2011 Mineral Resource: 88.3Mt @ 2.3g/t Au = 6.41Moz (A$1,400/oz) June 2011 Open Pit Reserve: 56.4Mt @ 2.2g/t Au = 3.91Moz (A$1,210/oz) Reference – AGA 27/7/11 and 29/11/11 ASX Releases for Resource and Reserve Estimates 11
Slide 60: Tropicana JV Upside Potential to Mine Design
Tropicana JV (IGO 30%) Upside Potential to Mine Design Potential Upside to BFS Pit Designs: • Inclusion of Boston Shaker pit • Underground operations at Havana, Tropicana and Boston Shaker • Joining of pits between Havana and Tropicana • Expanded Pit Shell New Exploration Results: • Havana Deeps: •
Slide 61: Tropicana JV - Havana Open Pit and Underground Potential
Tropicana JV (IGO 30%) - Havana Open Pit and Underground Potential Havana Deeps Underground Havana Potential Open Pit Resource Location Cut-back Reference – AGA 27/7/11 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Release for Havana Deeps Underground Resource Estimate 13
Slide 62: Boston Shaker and Swizzler Significant Intercepts
Tropicana JV (IGO 30%) - Boston Shaker and Swizzler Significant Intercepts Proposed Boston Shaker, Tropicana and Havana Open Pit Outlines, g/t Au x Thickness (m) Contours, Significant Drill Intercepts and Location of the Swizzler and Swizzler Deeps Prospects Drill widths approximate true widths 14
Slide 63: Tropicana JV Bankable Feasibility Study & June 2011 Reserve Update
Tropicana JV – Bankable Feasibility Study & June 2011 Reserve Update (100% Project) BFS Open Pit Reserves: Tropicana, Havana, Havana South 48Mt at 2.2 g/t Au – 3.4M oz* *A$1,100 oz Au, A$106/bbl oil, 0.7 g/t Au fresh ore cut off) BFS LOM Production: 3.45Moz over 10 years (1.04M oz IGO 30%) Ave LOM A
Slide 64: Tropicana JV Significant Discoveries To Date
Tropicana JV (IGO 30%) Significant Discoveries To Date Numerous gold anomalies and potential for other gold discoveries Reference – AGA 27/7/11 and 29/11/11 ASX Releases for Resource and Reserve Estimates 16
Slide 65: Tropicana JV Fly Through
Tropicana JV (IGO 30%) Fly Through 17
Slide 66: Jaguar / Bentley Production Guidance and Target
Jaguar / Bentley Operation (IGO 100%) Production Guidance and Target 2011/12 Production Guidance Metal in concentrate: 7,500 - 8,500t Cu, 15,500 - 16,500t Zn, 0.4 – 0.5M oz Ag 2012/13 Production target Mining 600,000t ore: Jaguar – 120,000t, Bentley – 480,000t HMS feed: 300,000t producing ~150,000t
Slide 67: Jaguar / Bentley Bentley Ore Body
Jaguar / Bentley Operation (IGO 100%) Bentley Ore Body June 2011 Resource: 3.0M t @ 2.0% Cu, 9.8% Zn, 139g/t Ag, 0.7g/t Au June 2011 Reserve: 2.45M t @ 1.5% Cu, 8.6% Zn, 106g/t Ag, 0.5g/t Au Drill intercepts are quoted as down hole widths, and not true widths Reference – IGO 20/10/11 Annual Report A
Slide 68: Jaguar and Far Side Deposits
Jaguar / Bentley Operation (IGO 100%) Jaguar and Far Side Deposits Jaguar – Far Side Deposits cross-section Potential to increase reserves Far Side Deposit drill hole Cu grade longitudinal projection 20
Slide 69: Jaguar/Bentley Exploration Model and Potential
Jaguar/Bentley Operation (IGO 100%) Exploration Model and Potential Volcanic Massive Sulphide (VMS) Discovery History & Mineralisation Scale Bentley Resource Golden Grove Gossan Hill discovery history Outline ? ? ? 21
Slide 70: Pumping Station VMS Prospect
Jaguar / Bentley Operation (IGO 100%) Pumping Station VMS Prospect Under explored 50km long prospective Cu-Zn-Ag VMS corridor. Prospectivity around existing 3 mines. 8 Cu-Zn-Ag alteration anomalies under cover being tested systematically. 22
Slide 71: Long Nickel Operation: Largest ever Ore Reserve and Resource
Long Nickel Operation (IGO 100%) 2002 Purchase price = A$15M IGO Produced 80,609t Ni since acquisition Update Largest ever Ore Reserve (58,100t) and Resource (83,000t) supporting potential 5+ year mine life based on Reserves. New exploration success in new areas of Moran South, Moran East and Long N
Slide 72: Long Nickel Quarterly Cash Costs and Revenue
Long Nickel Operation (IGO 100%) Quarterly Cash Costs and Revenue History of high operating margins and consistent low cash costs Revenue A$/lb Ni (includes hedging) Payable Cash Costs A$/lb Ni 24
Slide 73: Long Nickel Mine Geophysics - TEM Equipment
Long Nickel Operation (IGO 100%) Mine Geophysics - TEM Equipment Innovative research and development High powered TEM Underground transmitter Down hole TEM **Exclusive to IGO** surveying • 10 x more powerful than current systems. • More accurate drill • Doubles search radius Down hole TEM probe targ
Slide 74: Long Deposits and Targets - Longitudinal Projection
Long Nickel Operation (IGO 100%) Deposits and Targets - Longitudinal Projection Largest Reserve since IGO reopened the mine (mine life extended to at least 2017) Reference – IGO 20/10/11 Annual Report ASX Release for Resource and Reserve Estimates 26 IGO ASX Release 30 April 2012 Quarterly Report
Slide 75: Long Nickel Moran South Nickel Target
Long Nickel Operation (IGO 100%) Moran South Nickel Target New zone of nickel sulphides intersected east of Moran More DHTEM conductors south-east of Moran Drilling in progress 27
Slide 76: Long Nickel Operation Fly Through
Long Nickel Operation (IGO 100%) Fly Through 28
Slide 77: Karlawinda Gold Project Regional Location
Karlawinda Gold Project (IGO 100%) Regional Location Large new gold system close to gas pipeline and existing Newman infrastructure 29
Slide 78: Karlawinda Bibra Prospect Gram x Metre Contours
Karlawinda Gold Project (IGO 100%) Bibra Prospect Gram x Metre Contours Reference – IGO 31/3/12 ASX Quarterly Report 30
Slide 79: Karlawinda Bibra Prospect Cross-section
Karlawinda Gold Project (IGO 100%) Bibra Prospect Cross-section Maiden Resource 219,900 oz Au B B’ Drill intercepts are quoted as down hole widths, and not true widths Reference – IGO 31/3/11 ASX Quarterly Report for Resource estimate 31
Slide 80: Karlawinda Francopan Prospect Cross-section
Karlawinda Gold Project (IGO 100%) Francopan Prospect Cross-section Very large gold system Drill intercepts are quoted as down hole widths, and not true widths 32
Slide 81: Stockman Project
Stockman Project (IGO 100%) Wilga and Currawong Cu-Zn-Ag Deposits discovered by WMC in 1978/9. June 2011 Total Indicated + Inferred Resources: 12.7M t @ 2.1% Cu, 4.4% Zn, 39g/t Ag, 1.0g/t Au Reference – IGO 20/10/11 Annual Report ASX Release for Resource Estimate Activities Update: • New Exploration
Slide 82: Duketon JV Rosie Prospect Massive Nickel Sulphides
Duketon JV (IGO earning 70%) Rosie Prospect Massive Nickel Sulphides Rosie Prospect massive nickel sulphides assaying: 5.2m @ 9.1% Ni, 1.1% Cu, 0.2% Co, 7.1g/t PGE’s (2.2g/t Pt, 1.7g/t Pd, 1.8g/t Ru & 0.8g/t Rh) Drill intercepts are quoted as down hole width, not true width 34
Slide 83: Duketon JV Rosie Prospect Maiden Resource
Duketon JV (IGO earning 70%) Rosie Prospect Maiden Resource Reference – IGO 25/1/12 ASX Release for Resource Estimate 35
Slide 84: Project Generation: De Beers Database
Project Generation De Beers Database (IGO 100%) No buy-back or royalties on future mineral discoveries Long term exploration asset to find new Australian mineral camps. 293,000 geochemical samples collected. IGO analysing samples for 57 elements including Ni, Cu, Pb, Zn, Au, Ag, Pt, Pd, Ur, rare ear
Slide 85: De Beers Database
De Beers Database (IGO 100%) IGO Team Preparing geochemical samples for analysis in sample storage shed IGO 2009 gold analysis of De Beers samples collected before the discovery of the Plutonic Gold Mine (WA) Potential of the 100% owned proprietary data base for identifying undiscovered deposits 37
Slide 86: Asset Pipeline and Organic Growth Profile
Asset Pipeline and Organic Growth Profile Combination of low cost cash flows from current operating mines with significant long-life development projects and highly prospective exploration Highly complementary management and technical capabilities, with proven successful track records of exploration
Slide 87: Independence Group Contact Details
Independence Group Contact Details Perth Office Managing Director – Chris Bonwick Suite 4, Level 5 South Shore Centre 85 South Perth Esplanade South Perth, Western Australia 6151 Postal: PO Box 496, South Perth Western Australia 6951 Telephone: +61 8 9238 8300 Facsimile: +61 8 9238 8399 Email: conta
Slide 88: Appendix: Resource and Reserve Statements
Independence Group NL APPENDIX RESOURCE and RESERVE STATEMENTS 40
Slide 89: Long Nickel Mine June 2011 Resources and Reserves
Long Nickel Mine (IGO 100%) June 2011 Resources and Reserves RESOURCES MINING RESERVE Undiluted at 1% Ni Cut-off 1, 2 as at 30 June 2011 as at 30 June 2011 Tonnes Ni % Ni Tonnes Tonnes Ni % Ni Tonnes LONG Measured 26,000 5.6 1,500 LONG Proven Indicated 210,000 4.8 10,100 Probable 127,000 3.0 3,800 I
Slide 90: Tropicana JV Nov 2011 Resources and Jun 2011 Interim Reserves
Tropicana JV (AGA 70% / IGO 30%) Nov 2011 Resources and Jun 2011 Interim Reserves November 2011 June 2011 Project Resources Project Reserves Tonnes Grade Contained Tonnes Grade Contained (Mt) (g/t) 1 Gold (Mt) (g/t) 3 Gold 2 4 (Moz) (Moz) Measured 28.2 2.1 1.95 Proved 25.8 2.3 1.90 Indicated 49.4 2.
Slide 91: Jaguar/Bentley Project Mineral Resource – June 2011
Jaguar/Bentley Project Mineral Resource – June 2011 2.0 - Reference – IGO 20/10/11 Annual Report ASX Release for Resource Estimates 43
Slide 92: Jaguar/Bentley Project Reserve – June 2011
Jaguar/Bentley Project Reserve– 30 June 2011 - Reference – IGO 20/10/11 Annual Report ASX Release for Reserve Estimates 44
Slide 93: Stockman Resource Estimate – June 2011
Stockman Resource Estimate – June 2011 Stockman Classification Tonnes Cu % Zn % Pb % Ag g/t Au g/t Currawong Indicated 9,130,000 2.0 4.2 0.8 42 1.2 Currawong Inferred 305,000 1.4 4.1 0.6 34 0.5 Total Indicated + Inferred 9,435,000 2.0 4.2 0.8 42 1.2 Wilga Indicated 2,368,000 2.1 5.5 0.5 32 0.5* Wilg
Slide 94: Karlawinda Bibra Deposit Maiden Resource Dec 2011
Karlawinda Gold Project – Bibra Deposit Maiden Resource Dec 2011 Tonnes Au Grade Contained Au Mineralisation Type (Mt) (g/t) (oz) Laterite 1.9 1.2 73,300 Upper Saprolite 0.8 1.1 28,300 Lower Saprolite 1.6 1.1 56,600 Sub-total Oxide Inferred 4.3 1.1 158,200 Transition Inferred 1.6 1.2 61,700 Grand To
Slide 95: Duketon Nickel JV Maiden Resource Dec 2011
Duketon Nickel JV– IGO Earning 70% Maiden Resource Dec 2011 Reference – IGO 25/01/2012 ASX Announcement for Resource Estimate 47
Slide 96: Competent Person Statements
Competent Person Statements 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 Mining and Metallurgy. Mr Bonwi
Independence Group NL — Investor Presentation (May 2012) on 6ix