Igo Limited · ASX:IGO
Igo — Independence Group NL — Corporate Update (July 2016)
28 slides from Igo's corporate update, Jul 31, 2016
Slide 1: Tropicana Gold Mine Analyst/Investor Visit
Tropicana MAY 2014 Gold Mine Analyst/Investor Visit 31 July 2016
Slide 2: Disclaimer – AngloGold Ashanti Ltd
Disclaimer – AngloGold Ashanti Ltd Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, cash costs, all-in sustaining
Slide 3: Cautionary statements & disclaimer – Independence Group NL
Cautionary statements & disclaimer – Independence Group NL • 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 inv
Slide 4: Tropicana Gold Mine – location
Tropicana Gold Mine – location 4
Slide 5: Tropicana Gold Mine – key facts (100%)
Tropicana Gold Mine – key facts (100%) Location: 330 km ENE of Kalgoorlie in Western Australia Ownership: AngloGold Ashanti Australia Ltd (70% and manager), Independence Group NL (30%) Production CY 2015: 491,000 oz at total cash cost of US$492/oz and AISC of US$671 (AGA costs) Production June Q 201
Slide 6: Tropicana Gold Mine – Operational Excellence example
Tropicana Gold Mine – Operational Excellence example Automated Advanced Reporting • Empowers workforce with KPI metrics applicable to the business to drive understanding and performance • Data automated from Business Objects daily • Measures safety, quantity (compliance), performance and time • Impl
Slide 7: Tropicana Gold Mine – Operational Excellence example: Priority Road Rules
Tropicana Gold Mine – Operational Excellence example Introduction of Priority Road Rules • Assigns right-of-way priority to different classes of vehicles • Since introduction in Q1 2016: • Truck loads per month have increased by 13% • Average travel speed has increased by 3.5% • Fuel burn has fallen
Slide 8: Tropicana Gold Mine – Reconciliation
Tropicana Gold Mine – Reconciliation Mine Call Factor - % Grade difference between mine and mill MCF: Plant Accounted 2.78g/t vs Mine Delivered 2.79g/t (Sept 2013 to June 2016) 8
Slide 9: Quarterly processing rates
Quarterly processing rates 9
Slide 10: Processing plant optimisation
Processing plant optimisation 2 X CIL TANKS TO RETAIN RECOVERY 14MW BALL MILL AT 30% LIFT IN VSD OPERATING AT 15MW EMERGENCY ORE UPGRADE THROUGHPUT COMPLETED 2015 CONVEYOR UPGRADES SCREEN OPTIMISED FROM 4MM TO 3MM APERTURE HPGR, 30% INSTALLED POWER UN-UTILISED 10
Slide 11: Long Island Study – resource model drilling activity
Long Island Study – resource model drilling activity Havana Crouching Tiger Swizzler H1 – 4,695m Tropicana H1 –10,109m Boston Shaker H1 – 9,112m Havana South H1 – 27,389m
Slide 12: Long Island Study – significant drilling results
Long Island Study – significant drilling results Boston Shaker BSD077 – 19m @ 3.40 g/t Au from 387m BSD078 – 13.5m @ 3.25 g/t Au from 428.5m BSD079 – 23m @ 1.83 g/t Au from 278m BSD080 – 14m @ 5.77 g/t Au from 384m BSD081 – 17m @ 3.65 g/t Au from 411m Tropicana TPD508 – 24m @ 1.91 g/t Au from 367m T
Slide 13: Long Island Study – updated mining concept
Long Island Study – updated mining concept Preliminary concept – August 2015 Latest concept – August 2016 Envisaged a starter pit being mined conventionally Envisages the Tropicana pit void will be used for with waste hauled to a surface waste dump. Void waste backfill, significantly decreasing haul
Slide 14: Long Island Study – resource model drilling
Long Island Study – resource model drilling Tropicana Havana Boston Shaker Havana South Crouching Tiger Red – Measured Resources Orange – Indicated Resources Yellow – Inferred Resources Havana South Boston Shaker Infill drilling to convert resource to Infill drilling to convert resource to reserve,
Slide 15: Regional targeting
Regional targeting • Tenement holding of 2,590 sq km • Budget of $4.5 million in 2016 • Refocusing exploration along defined corridor • Current drill targets: Madras, Monsoon, Angel Eyes
Slide 16: Q | Re ©
Q | Re ©
Slide 17: Appendix 1: Table of intercepts
Appendix 1: Table of intercepts Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) BSD070 652283.831 6763734.62 353.3 317.41 -61.14 420.4 311.00 including 318.00 7.0 3.56 311.00 317.00 6.0 4.02 BSD075 652266.353 6763602.624 355
Slide 18: Appendix 1: Table of intercepts cont.
Appendix 1: Table of intercepts cont. Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) TPD508 651537.511 6763298.7 344.63 315.88 -60.95 441.80 76.00 78.00 2.0 1.37 367.00 including 391.00 24.0 1.91 367.00 385.00 18.0 2.28 389
Slide 19: Appendix 1: Table of intercepts cont.
Appendix 1: Table of intercepts cont. Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) HND017 650434.822 6762334.282 353.47 319.02 -60.51 450.77 394.00 including 404.00 10.0 1.31 398.00 404.00 6.0 1.72 HND018 650413.047 67622
Slide 20: Appendix 1: Table of intercepts cont.
Appendix 1: Table of intercepts cont. Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) HSD052 649792.148 6760844.775 359.46 315.33 -59.96 501.20 352.30 including 364.00 11.7 8.9 353.00 361.00 8.0 12.8 406.00 410.00 4.0 2.63 H
Slide 21: Appendix 1: Table of intercepts cont.
Appendix 1: Table of intercepts cont. Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) HSD077 650015.292 6760758.239 364 313.55 -60.11 570.90 466.00 including 476.00 10.0 8.55 466.00 474.00 8.0 10.6 530.00 538.00 8.0 1.01 545
Slide 22: Appendix 1: Table of intercepts cont.
Appendix 1: Table of intercepts cont. Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) HSD088A 649825.888 6760668.302 367.41 367.41 -62.35 522.60 429.00 including 444.00 15.0 4.62 430.00 440.00 10.0 6.59 471.00 including 492.
Slide 23: Appendix 1: Table of intercepts cont.
Appendix 1: Table of intercepts cont. Collar Information Intercept Details Hole ID East North RL Azi (Degr) Dip (Degr) Total Depth From (m) To (m) Width Au (g/t) HSD103 649880.095 6760968.847 361.93 317.1 -60.45 528.70 389.00 including 399.00 10.0 3.01 389.00 396.00 7.0 4.1 483.00 including 499.00 1
Slide 24: Competent Persons Statements
Competent Persons Statements. The information in this report that relates to Exploration Results is based on information compiled by Mr. Damon Elder who is a full-time employee of AngloGold Ashanti Australia Ltd and is a member of The Australasian Institute of Mining and Metallurgy. Mr. Elder has su
Slide 25: Appendix 2: JORC 2012 Edition - Table 1
Appendix 2: JORC 2012 Edition -Table1 Section 1 Sampling Techniques and Data Criteria Commentary Sampling techniques AngloGold Ashanti Australia (AGAA) has carried out all the drilling within and around the Tropicana deposit. RC drilling sample collection was via a cyclone, dust collection system an
Slide 26: Appendix 2: JORC 2012 Edition - Table 1
Appendix 2: JORC 2012 Edition -Table1 Section 1 Sampling Techniques and Data cont. Criteria Commentary Sub-sampling techniques Genalysis Perth has performed all gold and multi-element analyses. and sample preparation Core samples weighing approximately 2.5kg were prepared via a robot. The samples we
Slide 27: Appendix 2: JORC 2012 Edition - Table 1
Appendix 2: JORC 2012 Edition -Table1 Section 1 Sampling Techniques and Data cont. Criteria Commentary Data spacing and Drill hole spacing on sections, and between sections, typically range from 50 x 50m to 100 x 100m. distribution Orientation of data in The majority of drilling was orientated to in
Slide 28: Appendices: JORC 2012 Edition - Table 1
Appendices: JORC 2012 Edition -Table1 Section 2 Reporting of Exploration Results cont. Criteria Commentary Drill hole Information Drillhole information for all holes with reported mineralised intercepts are given in Table 1. Details of holes not containing mineralisation are not provided as they are