Sustainability Report 2021

MEETING CUSTOMER REQUIREMENTS The value from our metal resources and market positions is optimised by IGO’s operations team. Our ELT and Board collectively drive commercial decisions across IGO’s value chain in consultation with the operations. This also includes working with our customers to ensure we meet their specific needs and to optimise downstream uses. In FY21, IGO’s key customers were: • Trafigura Pte. Ltd and BHP Nickel West Pty Ltd — purchase of nickel concentrate produced from the Nova Operation • Trafigura Pte Ltd — purchase of copper concentrate produced from the Nova Operation; and • the Perth Mint and financial institutions ANZ, CBA and NAB — purchase of gold produced from the Tropicana Operation prior to divestment in May 2021. Details on IGO’s customers through the Lithium Joint Venture will be reported in the FY22 Sustainability Report. INVESTMENT IN RESEARCH, COLLABORATION & INNOVATION We will continue to invest in our organisational capability, innovation and technology to optimise the implementation of our strategy and maximise business value. In line with our strategy, we seek better ways to exploit and maximise value from the resources we discover and work towards creating the proactively green, carbon neutral mines of the future. We acknowledge that collaboration with industry experts, peers, governments and research organisations is crucial to our success in optimising our business value and the success of our industry. IGO’s strategy drives our participation and collaboration in industry leading improvement programs. We cannot underestimate the potential that technological innovation has in transforming our industry and sustainable future. During FY21, IGO invested A$0.4M in research and development programs to drive innovation across our business. This figure does not include the ongoing electric vehicle trials in collaboration with Barminco. Some of the research and development programs included: • Future Battery Industry CRC contributions • Amira Global – Evaluation of TSF monitoring technologies project and developing UAV-mounted Geophysical Sensor Arrays project • CSIRO – UltraFine Fraction Soil Projects • University of Western Australia – Evolution of Proterozoic multistage rift basins; and • Curtin University – Apatite Geochronology. IGO SUSTAINABILITY REPORT 2021— 95