IGO Interactive Annual Report 2018

Step-change growth through exploration discoveries Exploration and discovery is core to the IGO DNA and is a key platform for our growth in value strategy. During FY18, we continued to build our exploration team and realigned our exploration strategy with the Company’s new strategic focus on energy storage and transmission metals. Our primary commodities are nickel, copper and cobalt; however, we remain interested and open to other commodity opportunities, including other battery minerals and metals and gold. During FY18, we also further transformed our exploration project portfolio with the consolidation of an extensive brownfields ground position in the highly prospective Fraser Range to take advantage of our major infrastructure investment and advancing geological understanding at Nova. Our discovery portfolio also includes belt-scale greenfield opportunities in the Northern Territory at the expanded Lake Mackay Project and the new 100%-owned Raptor Project, and at the Frontier Project in Eastern Greenland. REGIONAL EXPLORATION AND DEVELOPMENT FRASER RANGE PROJECT - WESTERN AUSTRALIA Base Metals Project (IGO various ownership levels) IGO has further consolidated the largest ground position of any company in the prospective Fraser Range, east of Kalgoorlie in Western Australia. IGO currently holds approximately 15,000 square kilometres of tenure (not including Tropicana). The Fraser Range remains under- explored and highly prospective for nickel, copper and cobalt sulphide mineralisation. IGO is in the fortunate position to be able to leverage off the Nova capital infrastructure, as well as an improving understanding of the geology, geochemistry and geophysics of the Nova-Bollinger mineral deposit. Specifically, Nova-Bollinger is a natural laboratory and our in-mine and near-mine geoscience work and research initiatives are helping us to explore for new deposits, both immediately around Nova-Bollinger and more broadly across the Fraser Range. IGO ANNUAL REPORT 2018— 21