Exploration still IGO focus after record production quarter

INDEPENDENCE Group’s interests in the Nova and Tropicana mines continue to throw off cash, and while the company is amassing a significant pile of cash even after significant spending on dividends, debt repayment and exploration, the latter will be the focus as its M&A scouting team “hasn’t found anything that turns our crank”.

Exploration still IGO focus after record production quarter Exploration still IGO focus after record production quarter Exploration still IGO focus after record production quarter Exploration still IGO focus after record production quarter Exploration still IGO focus after record production quarter

Independence is spending big looking for the next big thing.

Managing director Peter Bradford said this morning that IGO was spending almost A$70 million this year on exploration across the Fraser Range, Kimberley and Lake Mackay regions because it was the best