Independence Group Sustainability Report 2019

CHAIRMAN AND CEO MESSAGE Our purpose and strategy At IGO we are proud to have clarity of purpose. Our purpose informs our strategic aspiration - to become a globally relevant producer of materials critical to clean energy. To deliver on this strategy, we continue to actively pursue step-change organic growth through our portfolio of belt-scale exploration projects in Australia and internationally. Such exploration is fundamentally dependant on land access and this in turn is dependent on the quality of our relationships with our stakeholders. Our stakeholders, whether they be shareholders, employees, local communities, governments or other organisations, are increasingly interested in how we realise our business strategy. To fulfil this expectation - our focus is clear – we must make products safely, ethically and sustainably. Values Organisational values are important. They shape the behaviours of our people and embody our organisation’s culture. Many companies have sought to articulate their values, as we have in the past, by selecting individual words to express generic virtues. This approach fails to reflect the complex emotional response triggered by real, heart-felt values, nor does it differentiate IGO as the extraordinary organisation that we are. Consequently, we engaged with our people to understand the current yet unspoken values of the business and then re-imagine and co-create a shared set of values that will serve us into the future. We care We care about our social licence to operate and work hard to understand and respond to the positive and negative impacts of our activities. By embedding environmental, social and governance considerations as core elements in the management of our business, together with our operational and financial analysis, we are confident that we are, more often than not, achieving the desired balance. In FY19, we had no significant environmental incidents, nor any material community issues. We are not, nor have we been subject to, any legal actions or prosecutions related to our activities. In FY19, none of IGO’s people were seriously hurt. We have made changes to our leadership approach and our systems to further promote a culture that prioritises the care and wellbeing of our people. Pleasingly, significant improvements were made in our safety performance, notably a reduction in the frequency rates of lost time injuries and medically treated injuries. We also saw a lower number of serious potential incidents indicating a more active and visible safety leadership by our people. Our care goes beyond workplace safety as we are also concerned about the general wellbeing of our people. It is with pride that we introduced paid Family and Domestic Violence Leave for affected employees during the year. In FY19, our community consultation and engagement efforts included the completion of a social impact assessment study related to our Nova Operation and Fraser Range exploration activities. Ladies and Gentlemen, It is our pleasure to present IGO’s Sustainability Report for the 2019 financial year, during which we have made significant improvements to our business and delivered as promised across most areas. These outcomes are the result of hard work and the high calibre of our people, whether they be IGO employees or contractors. There are things we could have done better, and we have clear opportunities for improvement. With this in mind, this report provides an evaluation of our sustainability performance over the last year and our plans for the future. At the time of preparing this report, it is with great sadness that we note the recent death of an extended team member as a result of an incident at our Nova Operation in September 2019. Our thoughts are with his family, friends and work mates. This was announced to the ASX at the time. An investigation is ongoing and we will share information when appropriate, including in future reports. 2 — IGO SUSTAINABILITY REPORT 2019 OVERVIEW