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44 Independence Group NL

Background

The Jaguar Operation, located 60km north of Leonora in Western Australia (Figure

14), was acquired by IGO in 2011. The Jaguar Operation has significant exploration

potential along 50km of prospective tenure.

The Jaguar Operation originally comprised the Jaguar and Bentley zinc-copper-silver-

gold underground mines and processing facility. The Jaguar deposit was discovered

in 2002 approximately 4km south of the historic Teutonic Bore open cut and was

brought into production as an underground zinc-copper-silver mine in 2007. Bentley

was discovered in 2008 and brought into production in 2011. Ore is processed at the

Jaguar concentrator which produces a copper concentrate and a zinc concentrate.

The copper concentrate also contains significant silver and gold credits. The

concentrates are trucked to the port of Geraldton where they are shipped to our

customers.

During FY2014, the Jaguar underground mine was closed and all mining for FY2015

was sourced from the Bentley underground mine.

485,302

tonnes of ore was

mined during FY2015

45,000

tonnes of zinc in

concentrate and

7,380

tonnes of copper in

concentrate produced

during FY2015

6,840,000mN

6,860,000mN

6,840,000mN

6,860,000mN

320,000mE

320,000mE

300,000mE

300,000mE

Approx 16km

untested strike length

Approx 6km

untested strike length

Teutonic Bore

Triumph

Daimler

Jaguar

Bentley

(incl Flying Spur)

Charlie Chicks

South Possie

Well

Kent Bore

Wilson Creek

Felsic Volcanic

Granitic Gneiss

Monzonite

Mafic/Intermediate package

Ultramafic/mafic package

Ultramafic

Mine / prospect

Tenement Outline

Prospective Stratigraphy

0 500

kilometres

Perth

Geraldton

WA

Jaguar

Kalgoorlie

Location Map

N

0

5

kilometres

MGA Zone 51 (GDA94)

Figure 14: Jaguar Operation tenure, mines and prospects