Igo Limited · ASX:IGO
Igo — Independence Group NL — Macquarie Western Australian Forum 2012
37 slides from Igo's conference presentation, Oct 17, 2012
Slide 1: Growing a Great Australian Mining Company
For personal use only GROWING A GREAT AUSTRALIAN MINING COMPANY Presentation to Macquarie Western Australian Forum Chris Bonwick, Managing Director 17th October 2012
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 statement, other
Slide 3: Financial Summary
FINANCIAL SUMMARY L For personal use only Capital Structure: ASX 200 Code : IGO 232.9M shares l Financials: Market Cap. (15/10/12): A$971.1M Cash (30/06/12): A$192.7M Debt (30/06/12): (A$23.4M) Hedge Book (30/06/12): A$23.9M Substantial shareholders: JCP Investment Partners: 13.2% (As advised to IGO
Slide 4: IGO Major Projects
IGO MAJOR PROJECTS L For personal use only l 4
Slide 5: Tropicana Gold Project
TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only l NEW AUSTRALIAN GOLD PROVINCE UNDER SAND DUNES Regional drilling Preparation for mining 5
Slide 6: Tropicana Gold Project
TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only PROJECT UNDER CONSTRUCTION: l Project 50% complete at 30 June 2012 First production estimated December Qtr 2013 ^ IGO attributable production years 1-3 : 141-147,000 oz Au pa ^ Cash costs years 1-3 : A$580-600/oz Au Recent gold
Slide 7: Tropicana Gold Project Site Photos
TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only SITE PHOTOS: l Site aerial view CIL tank construction Accommodation village Dry mess 7
Slide 8: Tropicana Gold Project BFS Comparison
TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only Comparison BFS – November 2010 Current l Reserves 3.45Moz Au 3.91Moz Au Resources 5.01Moz Au 6.41Moz Au Capital Cost Estimate $740M real $740M real* $775 nominal $775 nominal* Operating Costs LOM (real) A$730/oz incl. royalties
Slide 9: Tropicana Upside Studies & Potential
TROPICANA GOLD PROJECT L UPSIDE STUDIES & POTENTIAL For personal use only November 2011 Mineral Resource: 88.3Mt @ 2.3g/t Au = 6.41Moz l (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 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Re
Slide 10: Havana Open Cut & Underground Mine Potential
TROPICANA GOLD PROJECT L HAVANA OPEN CUT & UNDERGROUND For personal use only MINE POTENTIAL l Reference : AGA 27/7/11 ASX Release for Reserve Estimate and IGO 29/11/11 ASX Release for Open Pit and Havana Deeps Underground Resource Estimates 10
Slide 11: Boston Shaker & Swizzler Significant Intercepts
TROPICANA GOLD PROJECT BOSTON SHAKER & SWIZZLER L For personal use only SIGNIFICANT INTERCEPTS l Drill widths approximate true widths 11
Slide 12: Tropicana Gold Project
TROPICANA GOLD PROJECT IGO 30%, AGA 70%, MANAGER L For personal use only l 12
Slide 13: Tropicana Fly Through
TROPICANA GOLD PROJECT L FLY THROUGH For personal use only l 13
Slide 14: Long Nickel Operation
LONG NICKEL OPERATION (IGO 100%) L For personal use only Record* Annual Production – 9,995Ni t (2011/12 Guidance 8,800-9,200Nit). l IGO produced 83,931t Ni since acquisition. June 2012 Ore Reserve 41,900t Ni and Resource 76,600t Ni. 2011 Ore Reserve at A$10.10/lb Ni 2012 Ore Reserve at A$8.55/lb Ni
Slide 15: Long Nickel Quarterly Cash Costs & Revenue
LONG NICKEL OPERATION (IGO 100%) QUARTERLY CASH COSTS & REVENUE L For personal use only Remains a low cost nickel producer. l 15
Slide 16: Long Nickel Mine Geophysics – TEM Equipment
LONG NICKEL OPERATION (IGO 100%) MINE GEOPHYSICS – TEM EQUIPMENT L For personal use only Innovative research and development l High powered TEM transmitter **exclusive to IGO** 10 x more powerful than conventional systems. Nickel sulphides are very Doubles search radius conductive and can be detecti
Slide 17: Long Nickel Deposits & Targets Longitudinal Projection
LONG NICKEL OPERATION (IGO 100%) DEPOSITS & TARGETS LONGITUDINAL PROJECTION L For personal use only l Reference: IGO 17/10/2012 ASX Release – Long Nickel Mine Mineral Resource and Ore Reserve Statement 17
Slide 18: Long Nickel Fly Through
LONG NICKEL OPERATION (IGO 100%) FLY THROUGH L For personal use only l 18
Slide 19: Jaguar & Bentley Production Update
JAGUAR & BENTLEY (IGO 100%) L PRODUCTION UPDATE For personal use only Jaguar & Bentley zinc- 2011/12 Actual 2012/13 Guidance l copper-silver Mines Production (Zn Tonnes) 16,569 27,000 – 28,000 Production (Cu Tonnes) 7,257 5,000 – 6,000 Production (Ag ozs) 577,726 700,000 – 800,000 Cash Costs (A$/lb
Slide 20: Bentley Deposit
JAGUAR & BENTLEY (IGO 100%) L BENTLEY DEPOSIT For personal use only l Reference: IGO 17/10/2012 ASX Release Jaguar/Bentley Operation Mineral Resource and Ore Reserve Statement Drill intercepts are quoted as down hole widths, and not true widths 20 20
Slide 21: Jaguar & Bentley Prospective VMS Corridor
JAGUAR & BENTLEY (IGO 100%) L For personal use only Under-explored 50km l long prospective Cu-Zn-Ag VMS corridor. Prospectively around existing 3 mines. Six Cu-Zn-Ag alteration anomalies under- cover being systematically tested. Golden Grove Gossan Hill : discovery history 21
Slide 22: Karlawinda Gold Project
KARLAWINDA GOLD PROJECT (IGO 100%) L 207% Increase in Resource announced June 2012 to 674,300oz Au. For personal use only New Gold Province in Western Australia’s “Iron Ore Country”. No historical gold workings. l Under cover. Close to infrastructure: major town, airport, sealed roads, major highway
Slide 23: Francopan Prospect Discovery
KARLAWINDA GOLD PROJECT (IGO 100%) FRANCOPAN PROSPECT DISCOVERY L For personal use only l Drill intercepts are quoted as down hole widths, and not true widths 23
Slide 24: Bibra Prospect Cross-Section
KARLAWINDA GOLD PROJECT (IGO 100%) BIBRA PROSPECT CROSS-SECTION L For personal use only Scoping Study commenced. l Potential to increase resources down dip and along strike. Reference: IGO 28/06/2012 ASX Release – Karlawinda Gold Project 24
Slide 25: Bibra Prospect Gram x Metre Contours
KARLAWINDA GOLD PROJECT (IGO 100%) BIBRA PROSPECT GRAM X METRE CONTOURS L For personal use only Currently seven untested anomalies for follow-up regional exploration l Reference: IGO 28/06/2012 ASX Release – Karlawinda Gold Project 25
Slide 26: Karlawinda Fly Through
KARLAWINDA GOLD PROJECT (IGO 100%) FLY THROUGH L For personal use only l 26
Slide 27: Stockman Project
STOCKMAN PROJECT (IGO 100%) L For personal use only l Total Indicated + Inferred Resources: 13.98M t @ 2.1% Cu, 4.3% Zn, 38g/t Ag, 1.0g/t Au. ( Contained Metal ~ 293,700t Cu, 601,400t Zn, 17.1Moz Ag, 0.4Moz Au) Reference: IGO 17/10/2012 ASX Release – Stockman Project Mineral Resource Statement. 8 ye
Slide 28: De Beers Database
DE BEERS DATABASE (IGO 100%) L L Long term exploration asset to find new Australian mineral camps. For personal use only 293,000 geochemical samples collected by DeBeers over 30 years. IGO analysing samples for 57 elements including Ni, Cu, Pb, Zn, ll Au, Ag, Pt, Pd, Ur, rare earths, Sn, Li, K etc.
Slide 29: IGO Asset Pipeline
IGO ASSET PIPELINE L For personal use only Combination of low cost cash flows from current operating mines with l significant long-life development projects and highly prospective exploration Highly complementary management and technical capabilities, with proven successful track records of explorat
Slide 30: Contact Details
INDEPENDENCE GROUP L CONTACT DETAILS 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 8 9
Slide 31: Appendix: Reserves and Resources Statements
L For personal use only l APPENDIX RESERVES AND RESOURCES STATEMENTS 31
Slide 32: Reserves and Resources: Long Nickel Operation
RESERVES AND RESOURCES L For personal use only LONG NICKEL OPERATION Mineral Resources 30 June 2012 Ore Reserve 30 June 2012 l 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
Slide 33: Reserves and Resources: Tropicana Gold Project JV
RESERVES AND RESOURCES L For personal use only TROPICANA GOLD PROJECT JV l Mineral Resources Ore Reserve November 2011 June 2011 Contained Contained Tonnes Grade Gold Tonnes Grade Gold 1 2 3 4 Classification (Mt) (g/t) (Moz) Classification (Mt) (g/t) (Moz) Measured 28.2 2.1 1.95 Indicated 49.4 2.0 3
Slide 34: 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
Slide 35: Reserves and Resources: Stockman Project
RESERVES AND RESOURCES L For personal use only STOCKMAN PROJECT l Mineral Resources 30 June 2012 Classification Tonnes Cu% Zn% Pb% Ag g/t Au g/t CURRAWONG Indicated 9,548,000 2.0 4.2 0.8 42 1.2 Inferred 781,000 1.4 2.2 0.3 23 0.5 Total 10,329,000 2.0 4.0 0.8 40 1.1 WILGA Indicated 2,987,000 2.0 4.8
Slide 36: Reserves and Resources: Karlawinda Bibra Deposit
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
Slide 37: Competent Persons Statements
COMPETENT PERSONS STATEMENTS L For personal use only l 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 Mini
Independence Group NL — Macquarie Western Australian Forum 2012 on 6ix