Sustainability Report 2021

MEASURING OUR PERFORMANCE Sustainability Indicators & Targets Progress FY21 FY20 Read More Zero significant community incidents 1 There were zero significant community incidents in FY21 Page 49 Zero significant heritage disturbances 1 There were zero heritage disturbances in FY21 Page 46 Maintain a corporate giving budget of 0.075% of total revenue IGO maintained this target in FY21, with A$904k paid in corporate giving during the financial year Page 49 Undertake comprehensive social impact assessments of our host communities IGO have committed to undertaking comprehensive social impact assessments (SIA) every three years, aiming to improve community consultation, better engage with Traditional Owners within our host communities and improve our local business engagement and employment. The next SIA will be completed in FY22. Page 29 Provide cross-cultural awareness training Cross-cultural awareness training was undertaken by IGO employees and contractors in FY21, including the IGO Board. In FY20, COVID-19 put a hold on cross-cultural training, as we worked towards protecting and supporting our local community members and the Ngadju elders by limiting face to face exposure and engagement. Page 47 1. A significant event resulting from IGO operated activities is one with a severity of consequence rating of ‘significant’ and above, based on our internal risk assessment model (tiered from one to five by increasing severity), as defined in our Common Management System Standard 3 – Risk Management. Target met/acceptable performance Target on track/adequate performance Target not met/we need to do better New target Communities & Traditional Owners Working With Traditional Owners IGO values greatly its relationship with the Traditional Owners on whose lands we operate and acknowledges the rights and interests of Traditional Owners to protect and manage their cultural heritage. From exploration and discovery activities through to mine development, operation and closure, we respect the responsibilities and obligations Traditional Owners have for Country. Accordingly, IGO seek to operate not just in accordance with its legal and statutory obligations, but through fair and respectful agreement with our host Traditional Owners. In Western Australia, our operations, including Nova and the Lithium Joint Venture, are located on determined native title lands with the Ngadju and Noongar Traditional Owners respectively. Across our exploration tenure, IGO explores on lands of many Traditional Owners including the Bunuba, Dambimangari, Gooniyandi, Martu, Ngadju, Warrwa, Untiri Pulka and Upurli Upurli Nguratja peoples in Western Australia and the Walpiri, Luritja and Pintupi peoples in the Northern Territory. Native Title, Land Access, and Heritage Agreements To respect and ensure clarity of rights and responsibilities, IGO enters into native title agreements where it has land tenure interests that interact with those rights and interests of Traditional Owners. While the specific terms of the agreements are confidential, they have common features that provide a clear articulation of IGO’s intended activities and statements of commitment between the parties. These include compensation and provisions which deal with access to and disturbance of places of importance and cultural significance to Traditional Owners. With respect to our Nova Operation, underpinning IGO’s relationship with the Ngadju people is a formal Mining Agreement established with the corporate entity that represents their interests, the Ngadju Native Title Aboriginal Corporation (NNTAC). This longstanding agreement provides various benefits and guarantees to both parties, including access rights, production royalty payments, training, preferential employment, and support for Ngadju businesses. The agreement also gives specific undertakings in respect to land management and environmental protection, the protection of sites of spiritual or archaeological significance, and cultural awareness training. In FY21, we made payments to NNTAC totalling A$4.7M. Of this payment, production royalty payments totalled A$3.9M. IGO has contributed A$14.1M to the NNTAC in royalty payments since the commencement of the Nova Mining Agreement in 2014. 46 —IGO SUSTAINABILITY REPORT 2021