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64 Independence Group NL
JORC CODE (2012) COMPETENT PERSONS STATEMENTS
General
The information in this report that relates to Exploration Results is based on information compiled by Mr. Tim Kennedy.
Mr. Kennedy is a full-time employee and security holder of the Company and is a member of AusIMM. Mr. Kennedy has sufficient experience
which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as
a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves’ (the JORC Code) and consents to the inclusion in the report of the matters based on his information in the form and context in which it
appears.
Nova Project Resources and Reserves
The information that relates to the Nova Project Mineral Resources is based on information compiled by Mr Mark Drabble, a full-time employee
of consultancy group Optiro Pty Ltd and a member of The Australasian Institute of Mining and Metallurgy. Mr Drabble has sufficient experience
relevant to the type and style of mineral deposit under consideration, and to the activity which has been undertaken, to qualify as a Competent
Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the
JORC Code). Mr Drabble is not a security holder of the Company. Mr Drabble consented to the release of the Mineral Resource estimate, based
on his information in the form and context in which it appears.
The information that relates to the Nova Project Ore Reserves is based on information compiled by Mr Shane McLeay who is a Fellow of The
Australasian Institute of Mining and Metallurgy. Mr McLeay is a full-time employee of Entech Pty Ltd and is not a security holder of the Company.
Mr McLeay has sufficient experience which is relevant to style of mineralisation and type of deposit under consideration, and to the activity
which has been undertaken, to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr McLeay consented to the
release of the Ore Reserve estimate, based on his information, in the form and context in which it appears.
Tropicana Gold Mine (TGM) Resources and Reserves
The information that relates to TGM Mineral Resources is based on information compiled by Mr Mark Kent, a full-time employee and security
holder of AngloGold Ashanti Australia Limited, who is a member of The Australasian Institute of Mining and Metallurgy. Mr Kent has sufficient
experience relevant to the type and style of mineral deposits under consideration, and to the activity which has been undertaken, to qualify as
a Competent Person as defined in the 2012 edition of the JORC Code. Mr Kent consented to the release of the Mineral Resource estimate, based
on the information in the form and context in which it appears.
The information that relates to TGM Ore Reserves is based on information compiled by Ms Diana Greenup, a full-time employee and security
holder of AngloGold Ashanti Australia Limited, who is a member of The Australasian Institute of Mining and Metallurgy. Ms Greenup has
sufficient experience relevant to the type and style of mineral deposit under consideration, and to the activity which has been undertaken,
to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Ms Greenup consented to the release of the Ore Reserve
estimate, based on her information, in the form and context in which it appears.
Long Operation Resources and Reserves
The information in this report that relates to the Long Operation’s Mineral Resources is based on information compiled by
Ms. Somealy Sheppard. The information in this report that relates to the Long Operation’s Ore Reserves is based on information compiled by
Mr. Brett Hartmann. Ms. Sheppard is a full-time employee and security holder of the Company and is a member of the Australian Institute of
Geoscientists. Mr Hartmann is a full-time employee and security holder of the Company and is a member of AusIMM. Ms. Sheppard and Mr.
Hartmann have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity
which they are undertaking to qualify as Competent Persons as defined in the 2012 edition of the JORC Code, and consent to the inclusion in the
report of the matters based on their information in the form and context in which it appears.
Jaguar Operation Bentley / Teutonic Bore Resources and Reserves
The information in this report that relates to the Bentley Mineral Resources is based on information compiled by Ms. Michelle Wild. The
information in this report that relates to the Teutonic Bore Mineral Resources is based on information compiled by Mr. Graham Sweetman.
The information in this report that relates to the Bentley Ore Reserves is based on information compiled by Mr. Brett Hartmann. Ms. Wild,
Mr. Sweetman and Mr. Hartmann are full-time employees and security holders of the Company and are members of AusIMM. Ms. Wild, Mr.
Sweetman and Mr. Hartmann have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration
and to the activity which they have undertaken to qualify as Competent Persons as defined in the 2012 edition of the JORC Code. Ms. Wild, Mr.
Sweetman and Mr. Hartmann consent to the inclusion in the report of the matters based on their information in the form and context in which it
appears.
Stockman Project Currawong and Wilga Resources and Reserves
The information in this report that relates to the Stockman Mineral Resources is based on information compiled by Mr. Bruce Kendall. Mr. Kendall
is a full-time employee and security holder of the Company and is a member of the Australian Institute of Geoscientists. Mr. Kendall has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration, and the activity which he is undertaking, to
qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr. Kendall consents to the inclusion in the report of the matters
based on his information in the form and context in which it appears.
The information in this report that relates to the Stockman Ore Reserves is based on information compiled by Mr. Geoff Davidson who is a
Fellow of AusIMM. Mr. Davidson is a consultant working for Mining and Cost Engineering Pty Ltd and is not a security holder of the Company.
Mr. Davidson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and the activity
which he is undertaking, to qualify as a Competent Person as defined in the 2012 edition of the JORC Code. Mr. Davidson consents to the
inclusion in the report of the matters based on his information in the form and context in which it appears.
Annual Report Mineral Resource and Ore Reserve Statement
The information in this report that relates to the Independence Group Annual Report Mineral Resources and Ore Reserves Statement as a
whole is based on information compiled by Ms. Michelle Wild who is a member of AusIMM and is a full-time employee and security holder of
the Company. The Annual Report Mineral Resources and Ore Reserves Statement is based on, and fairly represents, information and supporting
documentation prepared by the above-named Competent Persons. The Annual Report Mineral Resources and Ore Reserves Statement has
been issued with the prior written consent of Ms. Wild, in the form and context in which it appears in the Annual Report.
Mineral Resource and Ore Reserve Governance
In estimating Mineral Resources and Ore Reserves the Competent Person(s) for each estimate is (are) responsible for:
•
Adopting annual Board approved metal prices and foreign exchange assumptions for use in estimates
•
Monitoring the planning, progress, estimation and reporting of Mineral Resources and Ore Reserves to meet IGO standards and timelines
•
JORC Code compliant reporting
•
Periodic internal review of process, data, estimates and reports
•
Periodic external review of data, Estimates and reports for new or materially changed estimates.
Independence Group NL reports its Mineral Resources and Ore Reserves on an annual basis, in accordance with the ‘Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code) 2012 Edition. Mineral Resources are quoted inclusive of
Ore Reserves.
Competent Persons named by Independence Group NL are Members or Fellows of the AusIMM and/or the Australian Institute of Geoscientists,
and qualify as Competent Persons as defined in the JORC Code.