Igo Limited · ASX:IGO
Igo — Independence Group NL — Investor Presentation (April 2007)
50 slides from Igo's investor presentation, Apr 23, 2007
Slide 1: Independence Group
t c 4 INDEPENDENCE 4 SeonmSuccess $= = = = ——s—<i—< ahh
Slide 2: Forward Looking Statements
Rad FORWARD LOOKING STATEMENTS _ Certain oral and written statements contained or incorporated by reference in this presentation, including _ __ information as to the future financial or operating performance of the Company and its projects, constitute forward-looking statements. All statement, othe
Slide 3: SL YYLLLLLLILID
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Slide 4: The Board of Independence Group
wi THE BOARD OF INDEPENDENCE GROUP DBkDLLLARLLYDLDLDODDOL LDL Rod Marston (63) Non Executive Chairman “Chris Bonwick (47) Managing Director Kelly Ross (44) Executive Director & CFO John Christie (68) Non Executive Director Oscar Aamodt (60) Non eS Lee! Over 140 years i - companies
Slide 5: Company History
COMPANY HISTORY | _Inoorporated -
Slide 6: IGO Share Price to 20.04.07
IGO SHARE PRICE TO 20.04.07 ee ees eee KAMAN a y j 7 TT OM Vices e 600c | a Toe j ie Beg 10010010010). a a _ 1] ae = oem B00 | 400¢ | ll.
Slide 7: Top Ten Shareholders
Slide 8: Jul – Mar Financials to Date
i 4 JUL 06 — MAR 07 FINANCIALS TO DATE
Slide 9: IGO Cash & Investments
Slide 10: Net Profit after Tax; Cash & Receivables
baa Net Profit after Tax E@m™@ Cash 8% Receivables net of creditors ASM 80 60 40 20 oO g 4 ] a ] E ! 2003 «2004 «= 2005 Julo6- 2006 Mar07 ASM 160 140 120 100 80 60 40 20 atl 2008 2004 2005 2006 Jule Mar07
Slide 11: March 2007 Quarter
i MARCH 2007 QUARTER
Slide 12: Independence
[ Y 4 INDEPENDENCE 4
Slide 13: Long Nickel Mine (IGO 100%)
AWWW LONG NICKEL MINE E (iGo 100%)
Slide 14: Total Ni tonnes and cash costs
Total Nitonnes faa 2004 2005 2006 Jul06- a Mar07 IGO A$/b Ni cash costs $4.11 $3.32 $3.32 $3.75 $4.37 (payable)
Slide 15: Quarterly Cash Costs & Receivables
QUARTERLY CASH COSTS & RECEIVABLES IGO Receivables /Ib (A$) E IGO Cash Cost /Ib (A$) Gam A$ilb A$sib 22.00 22.00 20.00 20.00 18.00 18.00 16.00 16.00 14.00 12.00 14.00 12.00 10.00 10.00 8.00 6.00 4.00 12.00 0 SP PoP PS eS) oF? we s oe of we RSP roid we be nk ok © SF fi S
Slide 16: Nickel Hedging
NICKEL HEDGING Nitonnes $20,000 | $18,000 ~| $16,000 $14,000 $12,000 -«| $10,000 $8,000 | $6,000 ~| $4,000 $2,000 Realisable Price (A$/tonne) SF 6 S S$ S SF SF ¥F SF KS SF PK SL SK 4] Nitonnes hedged A=] e & ee re s ——e Hedging price (A$/tonne)
Slide 17: Long Mine & Reserves
dune: 2006: Ore R LONG MINE & RESERVES _LONGITUDINAL PROJECTION Ore Reserve: (76,700t Ni) 4.2% b i (46,800 Ni ) 4,000t @4 GOLD FIELDS ML 15461 |ROYALTY AREA . We Le a WN WME 7] BAY a Ws a 4-4315,000t ay a) 7 ee TIT ™ VU 7 100% IGO VICTOR SOUTH 260,000t es 4.3% Ni (11,100t Ni) (mined out) LE LSE WG,
Slide 18: Long Mine Exploration Targets
LONG MINE EXPLORATION TARGETS LONGITUDINAL PROJECTION MINA IMAM AMA a G LAVA CHANNEL LON Long Sou fe targeting >100, Long North: targeting > 00. ,000t Ni 000t Ni- VICTOR LAVA CHANNEL | ie South: ta argeti Gibb North: o00t ng ; +50, targeting - +20, 000t N GOLD HEWS | 100% 6O is ie De wy i, i 7 Ly oh
Slide 19: Mine Geophysics
Cd MINE GEOPHYSICS
Slide 20: Long South Exploration
LONG SOUTH EXPLORATION SIGNIFICANT DRILL INTERCEPTS LAL LOO: Diam ond core rock type on contact High-grade Ni intercept Low-grade Ni intercept Porphyry Barren oe 6 6¢ Planned drill holes VE = Visual Estim ate Contact nickel intercept contours Southern limit of >6Nik x metres Long Orebody | 3-6 Ni% x
Slide 21: McLeay Shoot — Open to South
McLEAY SHOOT 1 — OPEN TO SOUTH GOLDFIELDS ROYALTY AREA 100% KO > 2 _ Indicated ResourceA rea ‘i Inferred Resource Area defined by = x 3.411 @ 17.5% Ni} r won @ downhole TEM geophysical surveys 2.850 @ 12.8% Ni O z 13.11 @ 8.5% Nil | Porphyry H.7m @ 4.4% Ni 489m @ 9.6% Ni * Drill hole 7.6m @ 3.2% Ni
Slide 22: McLeay Shoot - Open to South
McLEAY SHOOT 2 - OPEN TO SOUTH Porphyry . Drill h ole not true width 2.7m @4.8% Ni 5am Drill hde widths are down hole, GOLDFIELDS | 100% IGO ROYALTY AREA = Indic ated Resourced rea ‘T Inferred Resource Area defined by J downhole TEM geophysical surv eys 4 9.8517 @ 6.1% Ni ozm @8.2% Ni [4.95 @ 9. 3 N
Slide 23: Long North & Gibb North Targets
LONG NORTH & GIBB NORTH TARGETS - Exploration to oe when ys : Wa hy, ys I eM ia 2: Bie) j i iy, yy fis) yy DE 7 o ae C CL Dy : . nt atio : A ey Z Ne _ 7 a ve : ee | | - , 7 Se i Cy, 7 y ™ ™ mT wily Ty Wi I! y) a yy We, < Za, 7 Vi < Hy ON ey 7 y Wy | iy ye i Lie we iy) yy ie Ly Vy iy Ly Mle We 7 a So
Slide 24: Regional Exploration Strategy
ih. Uf REGIONAL EXPLORATION STRATEGY i
Slide 25: New Gold Province
NBW GOLD PROVINCE | Tm @ 30.1g/tAu im nee Agit Au ‘Dalwallinu & ecomberdale a (IGO - 1 NEW GOLD PROJECT WEST OF | Holleton Project (IGO - - 100%) SOUTHERN cross Troneanalv ( iGo- a) NEW GOLD PROVINCE | IGO - 100% : CONCEPTUAL GOLD TARGETS Empress Springs a 2 Broadly Creek & Cement Creek _ aA Ag, Cu-
Slide 26: Tropicana Joint Venture (IGO 30%)
TROPICANA JOINT VENTURE (IGO 30%)
Slide 27: Tropicana Gold JV
~ TROPICANA GOLD JV Ua (iGO 30%) LAVERTON #& : d pat ny, | a A * “ha Tropicana Prospect a ' 32m @ 6.6g/t Au : J eee 63m @ 3.0g/ Au | 26m @ 9.4g/t Au = 2 120ppb Au |) 15m @ 79.8g/t Au oe : L \ : Rusty Nail Prospect \ TROPICANA JV Sm@ 3.4gt Au AngloGold Ashanti 70% Manager im @ 25.6g/t Au IGO 30% free
Slide 28: Tropicana Gold JV (IGO 30%)
TROPICANA GOLD JV (iGO 30%) Image key: Geochemica sample - Auppb ™ 60ppb Au (cut) — 10ppoAu Tropicana JV Project Area Tropicana Prospect
Slide 29: Tropicana Prospect
TROPICANA PROSPECT 32m 34m 6.6g/ Au 4.0g/ Au (twin GRAM x were cowmouss (iGO 30%) 4im @ 3.7 gt Au incl. 11m @ 71.594 Au 39m @ 2.0g/4 Au 63m @ 3.0g4 Au ES incl. 49.0m @ 3.8g/t Au 21m @ 4.0 g/t Au _|HAVANA | ZONE com @ 57 gi Au 33m @ 4.3 gt Au 30m @ 45 g/t Au 9m@ 41gA Au eS i5m @ 19.891 Au 2 Oper Open
Slide 30: Tropicana Zone Cross-Section
“— TROPICANA ZONE CROSS-SECTION u GO 30%) ?J 3m @ 3.8gft Au 32m @ 66 gf Au | 34m @ 40 g/ Au (twin ly
Slide 31: Havana Zone Cross-Section
i HAVANA ZONE CROSS-SECTION x 19m @2 fof Au] 75 46m @ 4. Toh Au) [tem @ 65gnAUs/ 7
Slide 32: Tropicana Prospect
TROPICANA PROSPECT A TROPICANA ZONE HAVANA ZONE , _POTENTIAL EXTENSIONS strike length 2m @ 9.39 Au] | 5m @ S.3g/t Au , [incl 3m @ 8.5g/t Au * DD& RC dill holes with results 2 DD& RC drill holes wit hout results —— Fault 1km
Slide 33: Tropicana JV
TROPICANA JV 3m @ 65.8g/t Au Auger geochem (ppb Au) .“ SOUTHERN AUGER ANOMALIES Ube r « Aircore drill hole - assays received ° Aircore drill hole - assays awaiting 10km
Slide 34: Dalwallinu Project
DALWALLINU PROJECT PITHARA PROSPECT (iGO 100%) LLL LLL PITHARA GOLD PROSPECT SECTION 2 DRILL HOLE LOCATION [| Untested targets a = . a Wi 4m @ 1. ig A Au ain Shoot : \ - : Vee penne bea — i 7m @ 21.894 Au inci 2m Fee ata nau 2gHAu i inch 2m @61.6g4Au Mnerdised and altered envelopes fe. 41 -0.99g/t A
Slide 35: Dalwallinu Project
DALWALLINU PROJECT __ REGIONAL PROJECT AREA (IGO 100 ) PITHARA GOLD P ROSPECT ZF, >oUpnb Au Goldin Auge- A Geochemistry WON GAN NORTH GOLD PROSPECT Shdlow axide RAB traverse 100m wick (open) zone Au - 100ppb to 244p pb As - 500 pom to 1870 pom Cu 300pem to 500ppm
Slide 36: Coomberdale Project
COOMBERDALE PROJECT GOLD ANOMALIES (IGO 100%) LMI LALLA LALA LL c
Slide 37: Nickel Projects
10 Nickel Projects | Options, JV'sor 100%1GO | Exploring for new nickel subi iae | camps. Numerous targets defined for drill testing. ___ = (BHPB earning 70%) NEW NICKEL PROVINCE BHPB - - Goldsearch - -IGO | Musgrave JV _LONG NICKEL MINE
Slide 38: Exploration Geophysics
EXPLORATION GEOPHYSICS
Slide 39: Lake Lefroy Joint Ventures
Cia CARNILYA HLL LAKE LEFROY JOINT VENTURES Gladiator’ 1GO Anglogold/IGO ExcaliburiGo YarmanalG Oo IGO SQUIDTE M anomaly Major Nickel Mine 10km
Slide 40: North-Eastern Goldfields Nickel Projects
NORTH-EASTERN GOLDFIELDS NICKEL PROJECTS IRWIN BORE JV IGO earning 65-70% « BN es 7 QUONDONG WELL DUKETON IGO earning 70% | IGO 100% | | ROYAL NORTH] | ISO 100% with WME royalty
Slide 41: Longbow Prospect
| Longbow. Prospect dissem. NiS WO a i) MG Le Lae Wedgetail Deposit Resource: 1.07Mt @ 6.9% N oe sv Partner. Agincourt -
Slide 42: Wiluna JV — Bodkin Prospect
WILUNA JV — BODKIN PROSPECT (iGO earning 51-70%) tm @ 2.0% Ni jincl. 0.3m @ 66% Ni 1.0m @ 6.4% Ni 0.5% Cu
Slide 43: North-Eastern Goldfields Nickel Projects
NORTH-EASTERN GOLDFIELDS NICKEL PROJECTS : a J IRWIN BORE JV Collurabbie Hills SURETOn Ay 4 QUONDONG WELL IGO earning 70% %, Bulge Nickel , | Rockys Reward |
Slide 44: Copper Nickel Gossan - Duketon
COPPER NICKEL GOSSAN - DUKETON wv IGO Nickel sulphide gossan rock chips with up to 2.3% Cu, 0.9% Ni, 0.7g/t Pt, 0.7g/t Pd, 0.4g/t Au 100x 12.5 0.5 mBar ; Primary nickel sulphide
Slide 45: | 25m @ 0.73% Ni 310ppb P+ Pd
| 25m @ 0.73% Ni 3 310ppb P+ Pd 3m @ 0.84% Nil 0.19% Cu 0.594 Pd+Pt 24m @ 0.56% Ni 188pm Cu 7m @ 0.5% Ni ner : er.
Slide 46: Ravensthorpe JV
RAVENSTHORPE JV Maggie Hays Nickel Sulphide Camp LionOre Forrestania Nickel Sulphide Camp Production 1992-1999: | 55,000t Ni Resources June 2005: 164,000t Ni Westem Areas Ravensthorpe Nickel Sulphide Cam RAV 8 Nickel Mine Past Production: 443 000t Ni @ 3.5% Ni (15,350t Ni)
Slide 47: IGO Nickel Exploration Projects
IGO NICKEL EXPLORATION PROJECTS TY 4 4
Slide 48: Storbodsund Nickel JV
STORBODSUND NICKEL JV (IGO earning 70%) a a 4 Stotbodsund Prospect Historic drilling : 13m @3.7% Ni, coe 102% Cu, 0.1% Co
Slide 49: Independence Corporate Goals
e INDEPENDENCE CORPORATE GOALS
Slide 50: IGO Looking Forward
ow, IGO LOOKING FORWARD
Independence Group NL — Investor Presentation (April 2007) on 6ix