IAMGOLD’s CÔTÉ GOLD PROJECT
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February / March 2013
Welcome TSX: IMG NYSE: IAG
Cautionary Statement
This presentation contains forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding expected, estimated or planned gold and niobium production, cash costs, margin expansion, capital expenditures and exploration expenditures and statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to meet expected, estimated or planned gold and niobium production, cash costs, margin expansion, capital expenditures and exploration expenditures and failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets and other risks disclosed in IAMGOLD’s most recent Form 40-F/Annual Information Form on file with the United States Securities and Exchange Commission and Canadian provincial securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as "mineral resources" , that the SEC guidelines strictly prohibit us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in the IAMGOLD Annual Report on Form 40-F. A copy of the 2010 Form 40-F is available to shareholders, free of charge, upon written request addressed to the Investor Relations Department.
Total Resources includes all categories of resources unless indicated otherwise.
All currency numbers are in US$ unless otherwise stated.
2 IAMGOLD’s Global Mining Operations
YATELA SADIOLA ESSAKANE Senegal Mali Boto Westwood Siribaya NIOBEC Burkina Faso Kalana Val d’Or Suriname MOUSKA Colombia
Côté Gold ROSEBEL
Peru
MINE Brazil Development Project
Advanced Exploration
Exploration Office
Operates in Canada, South America and Africa 3 Who is IAMGOLD Corporation? Conduct Governed by Zero Harm Framework
Highest standards in Health and Safety
Minimizing Environmental Footprint
Partnering with Host communities
Highest standards of corporate social responsibility 4 IAMGOLD’s Social Partnerships
IAMGOLD’s approach to community investment is to develop partnerships with local, regional and national stakeholders, recognizing the need for local insight, sustainability, transparency and quality.
Across Quebec, Ontario, Burkina Faso, and Suriname, IAMGOLD maintains 50 partnerships with government and civil society organizations. Canadian partners include: Relay for Life, Canadian Cancer Society, CIDA, Plan Canada, Right to Play, and United Way.
Laurentian University - Dedicated funding for Research Chair in Open-Pit Mining, The Bharti School of Engineering
5 The Côté Gold Project
Previously owned by Trelawney; purchased by IAMGOLD in June 2012
Côté Gold Deposit Underlain by rocks of the Swayze greenstone belt Southwestern extension of the Abitibi greenstone belt of the Superior Province. represents a large gold mineralized system associated with altered and brecciated intrusive rocks interpreted as an Archean gold porphyry deposit
Open pit gold mine could: Operate for 15 years Process 60,000 tonnes per day Employ 1200 during construction Employ 500 during operations
Governed by Zero Harm Framework
6 Côté Gold Project Updated Mineral Resource Estimate
Mineral Resource Estimate Effective December 31, 2012 st Tonnes Grade Contained Ounces December 31 resource estimate reports (millions) (g/t) (million ozs)
114% increase in Indicated Resources. Indicated
0.25g/t Au cut-off 278 0.86 7.68
Benefited from the infill drilling that 0.30g/t Au cut-off 269 0.88 7.61 substantially upgraded the quality of the estimate through conversion of Inferred 0.40g/t Au cut-off 244 0.93 7.32 Resources to Indicated Resources. 0.50g/t Au cut-off 210 1.01 6.83 Inferred
0.25g/t Au cut-off 47 0.71 1.07 Updated resource estimate based on a total of 293 holes (158,047 metres). 0.30g/t Au cut-off 44 0.74 1.04 0.40g/t Au cut-off 36 0.83 0.95 A positive attribute of the Côté Gold 0.50g/t Au cut-off 30 0.90 0.88 Source: Updated Resource Estimate for Côté Gold, effective December 31, 2012. deposit is its accessibility for open-pit Note: CIM Definitions were followed for classification of Mineral Resources. Mineral mining. The deposit locally outcrops at Resources are estimated at a cut-off grade of 0.30 g/t Au. Mineral Resources are estimated using a gold price of US$1,600 per ounce and metallurgical recovery of surface and, based on the extensive 93.5%. High grade assays are capped at 15 g/t Au and 20 g/t Au depending on sub- domain. Bulk density of 2.71 t/m3 was used for tonalite and breccia and 2.79 t/m3 was drilling program to date, the depth of the used for diorite. The Mineral Resource Estimate is constrained within a Whittle Pit shell using assumed costs and the above noted gold recovery and gold price Mineral barren overburden averages 5.8 metres. Resources are not Mineral Reserves and do not yet have demonstrated economic viability, but are deemed to have a reasonable prospect of economic extraction. Numbers may not add due to rounding. Mineral Resources are reported on a 100% basis; IAMGOLD has a 92.5% average attributable ownership of this project.
Pre-feasibility study commenced Q4 2012 7 Côté Gold Project: Presentatio Overview
Project Location and Setting
Project Timelines and Current Status
Project Components Open Pit Mine Rock / Overburden Areas Processing and Infrastructure Tailings Management Power Supply
8 Côté Gold Project Well Established Infrastructure
ENERGY
• 5 km to 115 kV power line • 75 km to 500 kV transmission line
ROAD • Close to Hwy 144, 130 km to Timmins, 170 km to Sudbury
RAIL • 25 km to CN Rail siding in Gogama • 70 km to CP Rail crossing
VENDORS & SUPPLIERS • Located in the heart of one of Canada’s premier mining camps
WATER • Ample supply to develop and operate a mine
9 Côté Gold Project: Planning and Approvals Schedule
2012 2013 2014 2015 2016
Q1’14 to Q3’14 Q4’12 to Q3’13 Prefeasibility Study Feasibility Study
Q4’12 to Q4’14 to Q3’15 Project Description / Federal EA Process Additional Fed. Approvals
Q4’12 to Q2’16 Provincial Approvals Q4’12 to Q4’14 - Individual EA Process Q2’14 to Q2’16 - Construction Approvals Q1’15 to Q2’16 - Operational
Q1’15 to Q4’16 Construction, Ramp-up & Start of Operation
10 S i t e
L a y o u t
11 COORDINATED ENVIRONMENTAL ASSESSMENT (EA) PROCESS
We are here
Identify Information Proponent Gathers Government Government Proceed with Requirements Information and Publishes Makes EA Decisions Permits, for the EA Evaluates Project Conclusions Approvals and
Confirm Environmental Products: Federal & Products: Products: Products: Monitoring
Provincial EA • Federal Comprehensive • Federal Minister’s Requirements • Federal Guidelines • Final EA Report Study Report Decision • Provincial Terms • Technical Reports Note: only if EA is • Provincial • Provincial Minister’s of Reference Approved Ministry Review Decision
How will the Project Government Decision Reducing environment be advantages and conclusions announcements environmental Input from studied? disadvantages based on: by each effects for Aboriginal Government permits and What will be Predict Environmental groups into: approvals studied? environmental effects Conditions to effects address Environmental What’s the Have outstanding monitoring consultation How to avoid or requirements concerns results plan? reduce effects been met?
ABORIGINAL PARTICIPATION THROUGHOUT EA PROCESS
Version: February 2012 Formal Consultation Opportunity Open Pit
Estimated Dimensions Depth: approx. 650 metres deep Surface area: approx. 210 hectares
Expected Production
Open pit mining rate is expected to be 60,000 tonnes per day
How would it be mined?
The benches in rock would be developed by blasting
Conventional shovel and truck type operation
Ore, mine rock and overburden removed from the open pit would be trucked to the surface
May include an In-pit Crushing and Conveying (IPCC) system
Involves the use of crushing machinery that can be relocated to minimize the vertical haulage component carried out by the haul Typical haul truck Rio Tinto, Palabora Open Pit trucks
13 Mine Rock Areas
Project development is expected to generate: Mine rock: 850 million tonnes 730 hectares by up to 100 metres high Overburden: 20 million tonnes 150 hectares by up to 100 metres high Use:
About 40 million tonnes of mine rock would be used in Project site construction and maintenance (i.e., dams and roads)
Some overburden would be used in final reclamation
Unused overburden and mine rock would be managed on the site
Environmental Impacts – Rock Analysis
Preliminary Results – mine rock is not potentially acid-generating
Further testing is underway to better characterize the rock
Any potentially acid-generating rock would be managed appropriately
14 Ore Processing Plant, Work Camp and Other Buildings
Storage Facility Storage for fuels and process-related
Accommodations Complex 1,200 workers during construction 500 full-time personnel during operation
Ore Processing Plant Area where gold is recovered from ore using metallurgical techniques
Source for all images: Detour Gold
15 Tailings Management Facility (TMF)
What are tailings? Tailings are the materials left over after removing the valuable fraction (i.e., gold)
What is the TMF?
Facility constructed to manage the tailings
Size: approx. 900 hectares
Storage capacity: approx. 330 million tonnes of tailings
Dams: constructed rockfill dams and naturally high bedrock surface
Dam heights (maximum): 45 to 50 metres above ground surface
Water: a large portion of the excess water in the TMF would be recycled for process water
Remaining water would be discharged through a polishing Examples of Tailings Management Facilities pond to surface water and would meet applicable Federal and Provincial effluent discharge standards
Closure: the TMF would be rehabilitated (for example re-vegetated) at closure based on the Ministry of Northern Development and Mines approved Closure Plan
16 Power Transmission Line
Power for Project operations would be powered by a new 230 kilovolt transmission line connected to the existing HydroOne Network in Timmins at the Porcupine Substation
Proposed alignment First segment, approx. 120 kilometres long, would parallel an existing 115 kilovolt transmission line from Timmins to Shining Tree Second segment, approx. 40 kilometres long, would be constructed within an existing right-of-way from the Shining Tree Substation to the Project site
Proposed alternative alignment More direct (shorter) route (cross-country) is being evaluated and may be incorporated into the environmental assessment if the evaluation looks promising
Source: Detour Gold
17 Côté Gold Project: Consultation
Aboriginal, Stakeholders and Government Consultation Activities and Information Sources
First Nation and Métis groups (as identified by Federal and Provincial governments) Meetings and open houses
Gogama and other regional communities Site tours (Sudbury, Timmins) Newsletters/Newspaper notices Provincial and federal governments Project website (www.iamgold.com) Neighbours and adjacent land owners (Mesomikenda cottagers, mining interests, Direct mail/e-mail to project mailing list trappers, hunters)
Interested stakeholders (Economic development agencies, businesses, forestry companies,
Non-governmental environmental organizations (Northwatch, Mining Watch Canada)
18 Côté Gold Project: Current Activities on Project
Employ 50 people at the Côté Gold Project site; half of whom live in Gogama and surrounding communities.
Local contracts in place for services such as: hauling, clearing brush, making roads, pipe fusing, making core boxes, and carpenters.
Drilling Continue to define the resource and explore property holdings
Additional Baseline Work Aboriginal traditional knowledge and land use Air Quality Archaeology Aquatics and Terrestrial Geochemistry Groundwater and Surface Water Socio-economics Visual Aesthetics
19 Côté Gold Project: Community and Environment Team
Steve Letwin President & Chief Executive Officer
Bob Carreau Senior Vice President Health, Safety and Sustainability Steven Woolfenden Aaron Steeghs Manager, Corporate Environmental Manager, Corporate Social Assessment and Approvals Responsibility Dave Brown Cheryl Naveau Manager, Environmental Services First Nation Liaison and Public Relations
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Thank you!
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