INDEPENDENCE GROUP NL ANNUAL REPORT 2017

TERM OF OFFICE Mr. Warburton was appointed as Non-executive Director in October 2015. BOARD COMMITTEES Nomination & Governance (Member) Remuneration (Member) Sustainability & Risk (Member) EXPERIENCE Mr. Warburton is a qualified mining engineer with more than 37 years’ experience in gold and nickel development and mining. He was previously the chief executive officer of Barminco Limited and managing director of Coolgardie Gold. Neil Warburton is also a Member of the WA School of Mines Alumni Council. OTHER CURRENT DIRECTORSHIPS Australian Mines Limited and Flinders Mines Limited. FORMER DIRECTORSHIPS IN THE LAST 3 YEARS Sirius Resources NL, Peninsular Energy Limited, Namibian Copper Limited and Red Mountain Mining Ltd (non-executive chairman). NON-EXECUTIVE DIRECTOR Assoc. MinEng WASM, MAusIMM, FAICD NEIL WARBURTON TERM OF OFFICE Mr. Spence was appointed as Non-executive Director in December 2014. BOARD COMMITTEES Audit (Member) Nomination & Governance (Member) Remuneration (Member) Sustainability & Risk (Chair) EXPERIENCE Mr. Spence has over 30 years’ experience in the oil and gas industry including 18 years with Shell and 14 years with Woodside where during that time he held executive positions including chief operating officer and acting chief executive officer. Mr. Spence chairs the Board of the Industry Advisory Board of the Australian Centre for Energy and Process Training. OTHER CURRENT DIRECTORSHIPS Base Resources Limited (non-executive chairman), Oil Search Limited and Murray & Roberts Holdings Limited. FORMER DIRECTORSHIPS IN THE LAST 3 YEARS Clough Limited (non- executive chairman) and Geodynamics Limited. NON-EXECUTIVE DIRECTOR BSc. (Geophysics) (Hons) KEITH SPENCE TERM OF OFFICE Mr. Buck was appointed as Non-executive Director in October 2014. BOARD COMMITTEES Audit (Member) Nomination & Governance (Member) Remuneration (Chair) Sustainability & Risk (Member) EXPERIENCE Mr. Buck is a geologist with over 40 years’ experience in the mineral exploration and mining industry and was directly involved with the discovery and development of a number of mineral deposits in Australia, Africa and Brazil. Mr. Buck has worked with WMC Resources, Forrestania Gold and LionOre in executive management and director positions, and was managing director of Breakaway Resources. He has been a non-executive director of Gallery Gold Ltd and PMI Gold. Mr. Buck is also a board member of the Centre for Exploration Targeting at the University of Western Australia and Curtin University. OTHER CURRENT DIRECTORSHIPS Antipa Minerals Limited. FORMER DIRECTORSHIPS IN THE LAST 3 YEARS None. NON-EXECUTIVE DIRECTOR M.Sc. (Geology), MAusIMM PETER BUCK TERM OF OFFICE Mr. Clifford was appointed as Non-executive Director in December 2012. BOARD COMMITTEES Audit (Chair) Nomination & Governance (Member) Remuneration (Member) Sustainability & Risk (Member) EXPERIENCE Mr. Clifford has more than 35 years’ experience in senior accounting, finance, administration and company secretarial roles in the mining, retail and wholesale industries. Mr. Clifford has held non-executive directorships at Centaurus Metals, Fox Resources, Aztec Resources and Atlas Iron. From 2008 until 2011 he was non-executive chairman of Atlas Iron. Mr. Clifford was company secretary and GM Admin of Portman Limited from 1997 to 2005. OTHER CURRENT DIRECTORSHIPS Saracen Mineral Holdings (non-executive chairman). FORMER DIRECTORSHIPS IN THE LAST 3 YEARS None. NON-EXECUTIVE DIRECTOR B.Bus., FCPA, FGIA, FAICD GEOFFREY CLIFFORD Age 61 Age 63 Age 68 Age 67 IGO ANNUAL REPORT 2017— 05