IGO Interactive Annual Report 2018

NOVA OPERATION NICKEL-COPPER-COBALT IGO 100% LOCATION 140 road-km east of Norseman, Western Australia (Fraser Range) PRODUCT Nickel (Ni), copper (Cu), cobalt (Co) MINING Underground contract mining and owner operated processing plant PROCESSING METHOD Conventional crushing, grinding, flotation and filtration SALES 100% nickel sulphide concentrate to BHP Billiton Nickel West Pty Ltd and Glencore International AG. Current offtake agreements expire in FY20. 100% copper sulphide concentrate to Trafigura Pte Ltd. Contract expires in FY20 FY18 PRODUCTION 22,258t Ni 9,545t Cu 740t Co FY18 PAYABLE CASH COSTS A$2.78/lb Ni RESOURCES 1 268,000t Ni 109,000t Cu 9,000t Co RESERVES 1 216,000t Ni 89,000t Cu 7,000t Co ESTIMATED REMAINING MINE LIFE 8+ years GROWTH POTENTIAL Discovery of new magmatic nickel deposits on the Nova mining lease and within IGO’s extensive tenements position in the Fraser Range. Processing of Nova’s nickel concentrate into nickel and cobalt sulphates for the energy storage market 1 See Resources and Reserves section on pages 23 to 28 of this report. 16 — IGO ANNUAL REPORT 2018