Sustainability Report 2021

Supplying a Green EnergyFuture Growing demand for electric vehicles across the world is driving huge increases in demand for nickel-dominant, lithium-ion batteries. These battery systems rely heavily on high quality nickel, copper, cobalt and lithium to provide the range, power and safety required. IGO is uniquely placed, being the only company globally producing all four of these key battery raw materials. RENEWABLE ENERGY STORAGE Battery systems to store renewably generated energy ELECTRIFICATION OF TRANSPORT Electric passenger vehicles, buses, trucks RENEWABLE ENERGY GENERATION Infrastructure to generate power from the sun and wind GLOBAL ELECTRIC PASSENGER VEHICLE FLEET OUTLOOK 1 40 50 60 30 20 10 0 10 15 21 30 40 54 2020 2021 2022 2023 2024 2025 Million LITHIUM-ION BATTERY DEMAND OUTLOOK (GWH/YEAR) 1 Passenger EVs Commercial EVs Electric two-and three-wheelers Stationary storage Consumer electronics E-buses 2,000 2,500 3,000 1,500 1,000 500 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 GWh/year Overview CAGR 2 = 25% IGO is focused on discovering, developing and delivering products critical to clean energy. These products are sourced from nickel, copper, cobalt and lithium, which are critical to enabling the new technologies for a green energy future – a future which will see a greater share of the world’s energy generated from renewable sources, where this energy can be stored and used when and where it is needed, and where electric vehicles dominate our roads. This is our vision of the clean energy future. 1. Source: Bloomberg NEF. 2. Compound Annual Growth Rate. 14 —IGO SUSTAINABILITY REPORT 2021