INDEPENDENCE GROUP NL ANNUAL REPORT 2017

TABLE 11 — 30 JUNE 2016 / 2017 TABLE 12 — 30 JUNE 2016 / 2017 STOCKMAN PROJECT — MINERAL RESOURCES Deposit JORC Code Class 30 June 2016 30 June 2017 Tonnes (Mt) Grades In situ Metal Tonnes (Mt) Grades In situ Metal Zn Cu Ag Au Zn Cu Ag Au Zn Cu Ag Au Zn Cu Ag Au (%) (%) (g/t) (g/t) (kt) (kt) (Moz) (koz) (%) (%) (g/t) (g/t) (kt) (kt) (Moz) (koz) Currawong Measured - - - - - - - - - - - - - - - - - - Indicated 9.5 4.2 2.0 42 1.2 - - - - 9.5 4.20 2.00 42 1.20 399 190 13 367 Inferred 0.8 2.2 1.4 23 0.5 - - - - 0.8 2.2 1.4 23 0.5 18 11 1 13 Subtotal Currawong 10.3 4.0 2.0 41 1.1 - - - - 10.3 4.0 2.0 41 1.1 417 201 13 379 Wilga Measured - - - - - - - - - - - - - - - - - - Indicated 3.0 4.80 2.00 31 0.5 - - - - 3.0 4.80 2 .00 31 0.50 144 60 3 48 Inferred 0.7 5.50 3.70 34 0.4 - - - - 0.7 5.5 3.7 34 0.4 39 26 1 9 Subtotal Wilga 3.7 4.93 2.32 32 0.5 - - - - 3.7 4.9 2.3 32 0.5 183 86 4 57 Stockpiles Measured - - - - - - - - - - - - - - - - - - Total Measured - - - - - - - - - - - - - - - - - - Indicated 12.5 4.34 2.00 39 1.0 - - - - 12.5 4.34 2 .00 39 1.03 543 250 16 415 Inferred 1.5 3.7 2.5 28 0.5 - - - - 1.5 3.7 2.5 28 0.5 56 37 1 22 Stockman Total 14.0 4.3 2.1 38 1.0 - - - - 14.0 4.3 2.1 38 1.0 599 287 17 437 STOCKMAN PROJECT — ORE RESERVES Deposit JORC Code Class 30 June 2016 30 June 2017 Tonnes (Mt) Grades In situ Metal Tonnes (Mt) Grades In situ Metal Zn Cu Ag Au Zn Cu Ag Au Zn Cu Ag Au Zn Cu Ag Au (%) (%) (g/t) (g/t) (kt) (kt) (Moz) (koz) (%) (%) (g/t) (g/t) (kt) (kt) (Moz) (koz) Currawong Proved - - - - - - - - - - - - - - - - - - Probable 7.4 4.30 2.10 40 1.20 - - - - 7.4 4.30 2.10 40 1.20 318 155 10 285 Subtotal Currawong 7.4 4.30 2.10 40 1.20 - - - - 7.4 4.30 2.10 40 1.20 318 155 10 285 Wilga Proved - - - - - - - - - - - - - - - - - - Probable 1.6 5.60 2.10 31 0.50 - - - - 1.6 5.60 2.10 31 0.50 90 34 2 26 Subtotal Wilga 1.6 5.60 2.10 31 0.50 - - - - 1.6 5.60 2.10 31 0.50 90 34 2 26 Stockpiles Proved - - - - - - - - - - - - - - - - - - Total Proved - - - - - - - - - - - - - - - - - - Probable 9.0 4.5 2.1 39 1.1 - - - - 9.0 4.53 2.10 39 1.08 408 189 11 311 Stockman Total 9.0 4.5 2.1 39 1.1 - - - - 9.0 4.53 2.10 39 1.08 408 189 11 311 1. The estimates for Stockman are unchanged since 2016 2. In situ metal not reported in 2016 STOCKMAN PROJECT MINERAL RESOURCES AND ORE RESERVES – CONT’D 1. The estimates for Stockman are unchanged since 2016 2. In situ metal not reported in 2016 IGO ANNUAL REPORT 2017— 29