INDEPENDENCE GROUP NL SUSTAINABILITY REPORT 2018

Our strategy for the future Our strategy is to become a globally relevant, premium producer of energy storage and distribution minerals. We will achieve this by continuing to focus on high-quality assets of increasing scale and mine life. We will continue to seek opportunities to add greater value to the commodities that we produce, including the opportunity for downstream processing of our nickel concentrate to produce nickel and cobalt sulphates for delivery to electric vehicle battery manufacturers. We will also continue to investigate new exploration opportunities for nickel, copper and cobalt, and for other metals and minerals important to the energy storage and electric vehicle industry. Creating a strong culture: the IGO Difference At IGO we recognise that a strong corporate culture underpins the success of our Company. We work with our employees to create both a positive culture and seek their advice on the programs we need to actively shape our culture. In 2018, 97% of IGO employees participated in our engagement survey. The engagement score of 55% is the upper end of the benchmark for metals and mining companies. In 2019, we will set our sights even higher. Shared Value The duties of “big business” are changing. There is a clear societal expectation that to sustain business and create reliable returns for shareholders, we must act in a manner that is both ethical and creates shared value for host communities. IGO is proud of its approach to corporate giving (currently at 0.06% of gross revenue) and, starting in FY18, our payment of a land access royalty to the Traditional Owners of the land on which the Nova Operation is located, the Ngadju people. Doing what is right – because we care IGO has a set of publicly stated values that genuinely inform the decisions we make. It is our intention that consideration is always given to how things get done and the subsequent impacts of our actions. As a precondition to all of our endeavours, we at IGO seek to minimise harm to our people, our communities and the environment. To this end, we actively manage and measure our performance in relation to defined standards and industry benchmarks. It is with some satisfaction that, for the reporting year, we note that IGO experienced no material incidents nor caused any unmitigated socio-environmental impacts. In FY18, five of our people sustained injuries that resulted in them having days off work to recuperate. This is five too many. Beyond those incidents, we continued to experience too many potentially serious incidents; the type of near misses where someone could have been seriously injured or worse. At IGO, we put safety first. Because priorities change, safety is more than a priority – safety is a value. To this end, we continue to pursue an ongoing body of work to improve the safety of our workplace, and our systems and culture, to ensure the safety of our people and the broader community. This report This report provides a complete overview of the significant non- financial aspects of our business to enable our stakeholders to more broadly assess IGO’s performance during FY18 relative to prior years. We describe how IGO’s business affects our people, our host communities, and the environment in which we operate; both the positives and the negatives. This report addresses the environmental, social and governance matters that we believe to be of most concern to our stakeholders. We have sought to place our activities in the context of the wider industry, the environmental settings in which we operate, and the communities of which we are a part. We encourage and welcome your feedback. Thank you for your ongoing support. IGO SUSTAINABILITY REPORT 2018— 3