15 June 2015

JAGUAR OPERATION

TRIUMPH PROSPECT - SIGNIFICANT MASSIVE SULPHIDE INTERCEPTS

Highlights

Independence Group NL ('IGO' or the 'Company') is pleased to announce significant new results from a Diamond drilling programme recently completed at the Triumph Prospect. Recent Diamond drilling has outlined a new VMS deposit of massive to semi massive sulphide mineralization at the Triumph Prospect, located 6km north of the Jaguar Processing Plant. Intercepts include:

 29.4m (true width 25.3m) @ 13.0% Zn, 0.7% Cu, 128g/t Ag and 0.3g/t Au from 305.6m in hole

15TRDD010 including:

 9.3m (true width 8.0m) @ 14.8% Zn, 1.2% Cu, 150g/t Ag and 0.6g/t Au from 323.0m, and

 12.1m (true width 10.4m) @ 0.1% Zn, 3.0% Cu, 57g/t Ag and 0.2g/t Au from 335.0m.

 8.6m (true width 7.4m) @ 10.1% Zn, 0.1%Cu, 200g/t Ag and 0.4g/t Au from 376.4m in hole

15TRDD007

 3.5m (true width 3m) @ 9.6% Zn, 0.5%Cu, 147g/t Ag and 1.6g/t Au from 287.5m in hole

15TRDD006

'These results confirm our earlier interpretation that the Triumph Prospect may represent a significant VMS system' said IGO Managing Director, Peter Bradford. 'Whilst further work is required to define the continuity and extent of mineralisation, Diamond drilling is encountering grades and thicknesses that provide strong encouragement that Triumph may potentially represent an additional source of ore for the Jaguar Operation.'

'In parallel to the exploration work programme at Triumph, the Company is developing a hanging-wall drill drive at the Bentley Mine which will provide a drill position to upgrade the Flying Spur resource classification along with testing the down-plunge continuity of the Arnage Deposit,' Mr Bradford said.'We look forward to continued exploration success from both work programmes.'

Details

IGO has recently completed a Diamond drilling programme comprising ten holes for 4,970m at its emerging
Triumph Prospect located some 6km north of the Jaguar Processing Plant.
Previous drilling programmes at Triumph, which were wide-spaced and designed to test a surface geochemical anomaly, identified an extensive shallowly, south-plunging mineralised system of generally low- moderate zinc grades. The recently completed drill programme was designed to test the shallower, up-plunge parts of the system where copper stringer mineralisation previously, intersected in the footwall rhyolite in-hole
14TRDD002, indicated proximity to a feeder zone to the system.
The majority of holes were drilled on four sections nominally 80m apart and were targeted to infill or step-out from existing drill holes on 40m centres (Figure 1). Five holes from this programme returned significant widths of massive to semi-massive sphalerite-rich sulphide mineralisation. Assay results have been received for three holes and they include the high-grade intercepts listed above. A list of significant intercepts to date is provided in Table 1.
The up-plunge zone of mineralisation has been drilled below about 270m depth from surface, over a down- plunge distance of approximately 300m. The mineralisation remains open up- and down-plunge (Figure 1). The high variability in mineralisation thickness from 2m to 40m over relatively short distances is interpreted to be a function of structures active at the time of mineralisation was formed. As with other deposits in the Jaguar VMS Belt, mineralisation displays intense footwall alteration, associated with locally strong copper

mineralisation.

Further Work

Follow-up drilling will be planned after all assay results have been received and the 3D geological interpretation has been updated.

For further information contact: Peter Bradford

Managing Director and CEO Independence Group NL
Ph: 08 9238 8300
Tony Walsh
Company Secretary/General Manager Corporate
Independence Group NL Ph: 08 9238 8300

Table 1: Significant Drill Results: Triumph Prospect.

Results are length and density-weighted. Intercepts greater than 2m @ >2% Zn.. Cu stringer intercept >1% Cu. LSU= Massive sulphide,

LSM = Semi-massive sulphide, LST = Stringer sulphide, ODD= Disseminated sulphide. Grid co-ordinates are Jaguar Mine Grid.

PAGE | 2

Figure 1: Long-section of Triumph Prospect.

PAGE | 3

Figure 2: Oblique Longitudinal Projection of the Bentley Mine showing location of the hanging wall drill drive, resource to reserve drilling and 'Bentley Deeps' exploration drilling.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Tim Kennedy who is a full-time employee and security holder of the Company and is a Member of the Australasian Institute of Mining and Metallurgy. 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 Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Kennedy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

PAGE | 4

Annexure 1

JORC Code, 2012 Edition - Table 1 - Exploration Results

Section 1 Sampling Techniques and Data

PAGE | 5

Section 2 Reporting of Exploration Results

PAGE | 6