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46 Independence Group NL

FY2015 Scorecard

Annual zinc and copper production and cash costs better than original FY2015 guidance

Ore Mined and Ore Milled (kt)

Q4

Q2

Q3

Q1

Ore Mined Ore Milled Guidance

150

100

50

0

Cash Costs $/lb Zn Payable

Q4

Q2

Q3

Q1

Actual

Guidance Midpoint

0.9

0.8

0.7

0.6

0.5

0.4

0.3

0.2

0.1

0

Zn Production in Concentrate (t)

Q4

Q2

Q3

Q1

Actual

Guidance Midpoint

15,000

12,000

9,000

6,000

3,000

0

Cu Production in Concentrate (t)

Q4

Q2

Q3

Q1

Actual

Guidance Midpoint

3,000

2,500

2,000

1,500

1,000

500

0

Grade (%)

Q4

Q2

Q3

Q1

Cu Grade

Cu Guidance

Zn Grade

Guidance

12.5

10.5

9.0

7.5

6.0

4.5

3.0

1.5

0.0

Q4

Q2

Q3

Q1

Development (metres)

1,400

1,200

1,000

800

600

400

200

0