Welcome to Ivernia. Thank you for taking the time to find out more about our company and discover why Ivernia makes a solid investment choice.

The World’s Most Significant Pure Lead Mine
Ivernia is the only significant pure lead producer in the world. This is due to the unique nature of the Magellan deposits which host only lead. These deposits are located very close to the surface making them easily accessible and adding to the inherent strength of the operation. The mine is located in the mineral-rich east Murchison mineral field in Western Australia, approximately 30 kilometres west of Wiluna and 900 kilometres northeast of Perth.

Magellan
The Magellan mine was placed on care and maintenance in early 2007 as the Company sought approval to export through the Port of Fremantle. Final Western Australian Government approval was received in August 2009. Plans are now underway for a re-start of the Magellan mine in early 2010. Magellan will re-emerge as a stronger operation with an industry-leading method for transporting its product in sealed shipments, a strengthened management team and a commitment to fulfilling its promises to stakeholders. Ivernia firmly believes the twin commitments – to ensure the highest levels of social and environment responsibility and to enhance shareholder value – complement each other and are fundamental to the way Ivernia conducts its business.

A Unique Position in the Industry
On the restart and achievement of target production, Magellan is expected to account for approximately 2% of the world’s lead mine production. For a company the size of Ivernia, this is indeed a unique position.

Favourable Long-term Fundamentals for Lead
Ivernia’s re-emergence as a significant lead producer will come at an interesting time in the industry. It coincides with the impact of many decades of under-investment in exploration and development for lead and growing demand for the metal.  Over the past five years, global lead demand has increased by over 330,000 tonnes per year, the result of growing demand for lead-acid batteries to power motor vehicles and E-bikes, and provide emergency power for the world’s computer and telecommunications networks – particularly in China and other developing countries.

Growth in Base Metals
Magellan means a lot to the future of Ivernia. It confirms that our team is capable of successfully acquiring, financing, developing and operating a world-class mine. Longer term, it provides us with the strong foundation and healthy cash flow required to grow our business in base metals.

An Exciting Future
We have work to do before Magellan gets back into production – and we are focused on getting it done. The experience that began with news of the pollution at Esperance has been difficult; it has influenced every decision we have made subsequently regarding our go-forward operations – and we believe it makes us a stronger company on many levels. There is no denying that the business of lead production has legacy issues to overcome but we hope that through our actions to safely manage production, the development of a best practice sealed shipment process for the safe handling and transport of this naturally occurring element, our industry’s reputation will be enhanced and we will ultimately be seen as a leader in the industry.

Stay Informed on Ivernia
Thank you for your interest in Ivernia. I encourage you to sign up for the e-mail notification of our news releases as they are issued to ensure that you will be fully informed of our progress going forward. The sign-up request can be found under the Investors section of this site.

Sincerely,
Alan De’ath
President and CEO