INDEPENDENCE GROUP NL SUSTAINABILITY REPORT 2017

The sustainability of our business is dependent on having a clear business strategy. Strategic planning is not a periodic exercise for IGO’s Board and Executive Committee. Rather, it is a continuous process that ensures alignment of our corporate priorities and the creation of a common focus across the entire organisation. We recognise that delivery on our Strategic Plan will lead to competitive advantage and true value creation for all of our stakeholders. Our winning aspiration is to grow a leading diversified mid-tier Australian mining company that measures success in terms of: • People – Our people want to come to work, know what to do, and can and want to be our best. • Health Safety and Environment (HS&E) – Our people take care and responsibility for our safety, well-being and environmental management, and that of others. • Operations – We have optimised and maximised the value of our operations with empowered leadership teams. • Financial – Our financial strength and capital management enables consistent investment in growth and payment of dividends. • Growth – We deliver a step change to our asset portfolio through discovery or accretive mergers and acquisitions. • Business Support – We develop and implement robust ‘fit-for-purpose’ and transparent processes and systems to support our business. • External Stakeholders – Our communities, customers and suppliers value their relationships with us. • Shareholders – Our shareholders receive a superior long-term return on their investment. We made significant progress in delivering on our Strategic Plan during FY17. MANAGEMENT SYSTEMS The framework for IGO’s Management System is based on the well-recognised ‘Plan-Do-Check-Act’ (PDCA) methodology and the International Organisation for Standardisation (ISO) guidelines. Our approach is firmly rooted in risk management and continuous improvement (refer to Figure 6). As IGO’s business grows and evolves, so too will our management systems. IGO’s management system is documented (refer to Figure 7). The Health, Safety, Environment and Community (HSEC) and governance elements are publicly available on our website: www.igo.com.au . In FY17, IGO finalised the development and release of 39 IGO Group Safety Standards and commenced the development and rollout of our IGO Group Rehabilitation and Mine Closure Standard. We invite people to review and comment on any of these documents, which are available in the public domain. FIGURE 6 CONSOLIDATION THROUGH STANDARDISATION CONTINUOUS IMPROVEMENT PLAN CHECK DO ACT IGO STANDARDS BUSINESS STRATEGY BUSINESS IMPROVEMENT 26 — IGO SUSTAINABILITY REPORT 2017