IGO Interactive Annual Report 2019

In FY19, IGO continued to uphold our social licence to operate and further understand the matters that are material to our stakeholders. Community consultation and engagement efforts included the completion of a Social Impact Assessment study related to our Nova Operation and Fraser Range exploration activities, holding local community update meetings, investing in our community with our corporate giving programs, as well as active engagement with the Ngadju people, who are the native title holders of the land on which the Nova Operation sits, as well as a key area of our exploration activities. We are very pleased to report that we made significant improvements in our Lost Time Injury Frequency rates and Medically Treated Injury Frequency rates during the year. In addition, we also saw a lower number of reported serious potential incidents indicating more active and engaged visible safety leadership by our people. At IGO, we are highly committed to delivering safe, reliable and sustainable operations and we will be held accountable for ensuring continuous improvement of our performance. We can, and always will, pursue efforts to make our workplaces safe for all people and promote a culture that prioritises the care and wellbeing of our people. An engaged workforce Over the last few years we have made great progress in understanding and shaping the IGO culture, to deliver the type of organisation that our people want to be part of and can be proud of. This journey has involved everyone in the business in many different ways, including the employee engagement and opinion surveys that we have undertaken since December 2016, culture workshops and, most importantly, one on one conversations. We are proud of what we have achieved and continue to be impressed with the genuine insights and engagement by our people. This has enabled us to shape a unique company culture that is delivering real and lasting benefits to many areas of the business. In FY19, we achieved a significant improvement in employee engagement compared to the previous year with IGO’s organisational engagement score increasing by 15% to 70%. Importantly, 86% of our survey respondents indicated that they are proud to work for IGO, and 82% indicated that their career intention was to stay at IGO. These results are all better than the external benchmarking norm and pleasing to see. IGO’s transformation and continued success is a tribute to our people. They are bold, passionate, fearless and fun. They make IGO a smarter, kinder, more innovative company. Together, we are making a difference! Streamlined portfolio with world-class assets In FY19, we continued our enduring focus on establishing IGO’s portfolio of high quality, longer life and larger scale projects. This is reflected in both Nova and Tropicana delivering solid production results as well as the further strengthening of the portfolio through the divestment of the Long Operation. A number of notable achievements were made during FY19, including: • better than guidance production from Nova in its second year of commercial production and continued strong performance from Tropicana; • commencement of the development of the Boston Shaker Underground mine; • continued commitment to exploration, including assembling a talented and experienced geoscience team, as well as encouraging results from the CHAIRMAN & CEO MESSAGE Ladies and gentlemen, it is our joint pleasure to summarise IGO’s achievements for the 2019 financial year. Our purpose and strategy At IGO, we have made good progress on our strategic aspiration to become a globally relevant supplier of metals that are critical to energy storage and renewable energy. We do this with our purpose at the heart of everything we do - making a difference. We care Our alignment to clean energy is complemented by our commitment to being proactively green, which is achieved by embracing renewable energy and innovation to reduce our carbon footprint. IGO will continue to produce high-quality products that meet our customers’ needs, made safely, sustainably and reliably. We understand that not only shareholders, but also current and prospective employees, local communities and customers all have a growing interest in how companies are conducting their business; a matter that is increasingly scrutinised with environment, social and governance (ESG) evaluations, in addition to analysing operational and financial performance. 4 — IGO ANNUAL REPORT 2019