IGO Interactive Annual Report 2018

DIRECTORS’ REPORT 30 JUNE 2018 Your Directors present their report on the consolidated entity (referred to hereafter as the Group) consisting of Independence Group NL (referred to hereafter as the Company) and the entities it controlled at the end of, or during, the year ended 30 June 2018. DIRECTORS The following persons held office as Directors of Independence Group NL during the whole of the financial year and up to the date of this report, unless otherwise noted: Peter Bilbe Peter Bradford Debra Bakker Peter Buck Geoffrey Clifford Keith Spence Neil Warburton PRINCIPAL ACTIVITIES The principal activities of the Group during the financial year were nickel, copper and cobalt mining and processing at the Nova Operation, non-operator gold mining from the Company’s 30% interest in the Tropicana Operation, nickel mining at the Long Operation, zinc, copper and silver mining at the Jaguar Operation and ongoing mineral exploration. DIVIDENDS Dividends paid to members during the financial year were as follows: 2018 $’000 2017 $’000 Final ordinary dividend for the year ended 30 June 2017 of 1.0 cent (2016: 2.0 cents) per fully paid share 5,868 11,734 Interim ordinary dividend for the year ended 30 June 2018 of 1.0 cent (2017: 1.0 cent) per fully paid share 5,868 5,867 11,736 17,601 In addition to the above dividends, since the end of the financial year the Company has announced the payment of a final ordinary dividend of $11,807,000 (2 cents per fully paid share, fully franked) to be paid on 27 September 2018. 32 — IGO ANNUAL REPORT 2018