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28 Independence Group NL
JORC CODE (2012) COMPETENT PERSONS STATEMENTS
General
Nova Project Resources and Reserves
The information that relates to the Nova Project Mineral Resources is based on, and fairly represents information and supporting documentation compiled
by Mr Mark Drabble and Mr David Hammond. Mr Hammond is an employee of IGO and Mr Drabble is Principal Consultant-Geology of consultancy group
Optiro Pty Ltd. Both are members of The Australasian Institute of Mining and Metallurgy and both have sufficient experience relevant to the type and style
of mineral deposit under consideration, and to the activity which has been undertaken, to qualify as Competent Persons 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 and Mr Hammond consent to
the inclusion in this report of the Nova Bollinger Mineral Resource estimate, based on their information in the form and context in which it appears.
The information that relates to the Nova Project Ore Reserves is based on, and fairly represents information and supporting documentation compiled by
Mr Brett Hartmann who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Hartmann is a full-time employee of IGO. Mr Hartmann
has sufficient experience which is relevant to the 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 Hartmann consented to the inclusion in this report of the
Nova Bollinger Ore Reserve estimate, based on his information, in the form and context in which it appears.
Tropicana Gold Mine Resources and Reserves
The information that relates to the Tropicana Mineral Resources is based on, and fairly represents information and supporting documentation 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 inclusion in this report of the
Tropicana Mineral Resource estimate, based on the information in the form and context in which it appears.
The information that relates to the Tropicana Ore Reserves is based on, and fairly represents information and supporting documentation compiled by Mr
Jason Vos, 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 Vos 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. Mr Vos consented to the inclusion in this report of the
Tropicana Ore Reserve estimate, based on the 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, and fairly represents information and supporting
documentation 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 of IGO and is a member of the Australian Institute of Geoscientists. Mr Hartmann
is a full-time employee of IGO and is a member of The Australasian Institute of Mining and Metallurgy. 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. Ms Sheppard 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.
Jaguar Operation Bentley / Teutonic Bore Resources and Reserves
The information in this report that relates to the Bentley Mineral Resources is based on, and fairly represents information and supporting documentation
compiled by Mr William Stewart. The information in this report that relates to the Teutonic Bore Mineral Resources is based on information compiled by Mr
Stewart. Mr Stewart is a full-time employee of IGO and member of The Australasian Institute of Mining and Metallurgy and member of Australian Institute of
Geoscientists. The information in this report that relates to the Bentley 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. Mr Stewart and Mr McLeay have sufficient
experience 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. Mr Stewart and Mr McLeay 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, and fairly represents information and supporting documentation
compiled by Mr Matthew Dusci. Mr Dusci is a full-time employee of IGO and is a member of the Australian Institute of Geoscientists. Mr Dusci 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 Dusci 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, and fairly represents information and supporting documentation
compiled by Mr Geoff Davidson who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Davidson is a consultant working for Mining and
Cost Engineering Pty Ltd. 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 Mr. Dusci who is a member of Australian Institute of Geoscientists and is a full-time employee of IGO. 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 Mr. Dusci, 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.