INDEPENDENCE GROUP NL SUSTAINABILITY REPORT 2017

FRASER RANGE PROJECT IGO 70% FRASER RANGE PROJECT The Fraser Range Project comprises 100% owned exploration licences, and several joint ventures, including those with AngloGold Ashanti, Buxton Resources, Creasy Group, Orion Gold, Sheffield Resources, TasEx Geological Services and Rumble Resources. In most of the joint ventures IGO owns or is earning a minimum 70% interest in the tenements. The Fraser Range Project area is located approximately 110km east of Norseman and covers over 430km strike length along the Albany-Fraser Belt. This emerging belt is considered highly prospective for both Tropicana-style gold deposits as well as Nova-style magmatic, nickel-copper deposits. While many exploration companies have taken up exploration licences in the Fraser Range, IGO has a competitive advantage derived from our knowledge gained during the exploration, discovery and development of the Nova-Bollinger deposit. Exploration activities over the past year have included surface geochemical sampling, ground-based gravity and moving loop electromagnetic surveys, and drilling to generate and test targets. Parts of IGO’s Fraser Range Project area cover the Boonderoo, Fraser Range, Kanandah, and Southern Hills pastoral leases, which are actively being farmed. Northern parts of the project area fall within the proposed Lake Harris Nature Reserve and the Plumridge Lakes Nature Reserve. Several tenements in the southern part of the project are located within the Dundas Nature Reserve. IGO is required to operate under an approved Conservation Management Plan (CMP) when working in these Class A and B nature reserves. The CMP is designed to provide a framework for environmental management of exploration activities in accordance with Western Australian and Australian Government legislation. One project area in the greater Fraser Range is a joint venture with AngloGold Ashanti, known as Salt Creek. The south- western portion of the Sale Creek Project’s tenure falls under the Environment Protection and Biodiversity Conservation Act (EPBC) Act 1999 as a ‘referral area’. Exploration activities within the area are classified as a ‘controlled action’ and require adherence to an Environmental and Conservation Management Plan (ECMP). WESTERN AUSTRALIA F SE R E JE T (AU) Various JV 44 — IGO SUSTAINABILITY REPORT 2017