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124 Independence Group NL
GLOSSARY OF TERMS
AC – air core usually in the context of drilling or drill holes.
AngloGold Ashanti – AngloGold Ashanti Australia Pty Ltd.
Ag – silver.
Au – gold.
BCM – bulk cubic metres.
Cu – copper.
EM – electromagnetic.
EM conductors – electromagnetic conductors returned from EM surveys.
FLEM – Fixed-Loop electromagnetic.
HPGR – High Pressure Grinding Rolls
LTIFR – lost time injury frequency rate per million hours worked.
MLEM – moving-loop electromagnetic surveys.
Mt – million metric tonnes.
NPAT – Net Profit After Tax
Ni – nickel.
oz – ounce.
RC drilling – reverse circulation drilling.
t – metric tonnes.
TGM – Tropicana Gold Mine that is 30% owned by the Company and 70% owed by AngloGold Ashanti under the TJV agreement.
TJV – Tropicana Joint Venture that is 30% owned by the Company and 70% owed by AngloGold Ashanti.
Underlying EBITDA – Underlying Earnings Before Interest, Tax, Depreciation and Amortisation
Zn – zinc.
$ – Australian dollars. All currency amounts in this report are Australian Dollars unless otherwise stated.
$M – million Australian dollars.
Notes
This document may include Forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning
IGO’s planned production and planned exploration program and other statements that are not historical facts. When used in this document,
the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions are Forward-looking
statements. Although IGO believes that its expectations reflected in these Forward-looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that actual results will be consistent with these Forward-looking statements.
All cash costs quoted include royalties and net of by-product credits unless otherwise stated
Underlying EBITDA is a non-IFRS measure and comprises net profit or loss after tax, adjusted to exclude tax expense, finance costs, interest
income, asset impairments, investment sales, depreciation and amortisation, and once-off transaction costs. Underlying NPAT comprises net
profit (loss) after tax adjusted for; post tax effect of acquisition and integration costs, investment sales and impairments.
Free cash flow comprises net cash flow from operating activities and net cash flow from investing activites.
All currency amounts in this report are Australian Dollars unless otherwise stated.
IGO reports All-in Sustaining Costs (AISC) per ounce of gold sold in AUD for its 30% interest in the Tropicana Gold Mine using the World Gold
Council guidelines for AISC. The World Gold Council guidelines publication was released via press release on 27th June 2013 and is available
from the World Gold Council’s website.