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Welcome to Ivernia

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Alan De’ath

President and CEO

Welcome to the Ivernia website. We hope you take some time to have a thorough look through our site and learn more about our Company and why we think Ivernia makes a solid investment choice.

The Only Pure Lead Mine
Ivernia’s strengths are many. Very importantly, it is the only pure lead producer in the world. This is due to the unique nature of the Magellan deposits which hosts only lead. These deposits are also located very close to the surface making them easily accessible and add to the inherent strengths of the operation.

A Unique Position in the Industry
When Magellan reaches its target production, we expect to be accounting for almost 3% of the world’s lead mine production. For a company the size of Ivernia, this is indeed a unique position.

Good Long-term Market Fundamentals
Ivernia’s emergence as a significant lead producer comes at an interesting time in the industry. It coincides with the resultant impact of many decades of under investment in exploration and development for lead and a growing demand for the metal. Simply put, there is no new lead mine supply of note scheduled in the near-term and demand for the metal continues to grow - fuelled largely by domestic industrialization in China and other developing economies. Furthermore, there is every indication that these conditions will extend well into the future.

Ivernia’s Magellan is the only significant pure lead mine developed in decades.

Well-located in Western Australia
While the location of world-class deposits such as Magellan cannot be dictated, we could not have chosen a more mining friendly region in which to be operating. Western Australia has a long established history in mining, it is politically stable, there is a high degree of public acceptance of the industry and it is close to the high-demand, high-growth Asian markets.

Our Company has had good working relationships with our community, local, state and federal governments. We value these relationships and work to maintain them by continuing to prove ourselves as a good operator, partner and corporate citizen.

Good Exploration Growth Potential
The Company has within its tenements significant exploration potential, both in areas adjacent to the Magellan Mine and in the surrounding regions. Our 2006 A$1.2 million program will target areas previously identified as high potential for the addition of resources while continuing to test the existing lead deposits and progress work on new areas. Based on the estimated 21.4 million tonnes of Measured and Indicated resources grading 5.8% lead at the end of 2005, we believe that there is very good potential that the mine life of Magellan will be extended beyond the initial estimate of 10 years.

Well-positioned to Grow in Base Metals
Magellan means a lot to the future of Ivernia. Immediately 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 flows required to grow our business in base metals and create greater shareholder value.

An Exciting Future
We thank you for your interest in Ivernia. As you can see, we have an exciting future ahead of us. The Company’s strengths – a world-class operation, solid growth potential, a strong financial position and a committed management team are well supported by a lead market with positive fundamentals which are expected to remain so for some time to come.

Stay Informed on 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

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