2021 Annual Report

In FY21, IGO successfully completed its strategic transformation into a business 100% focused on clean energy metals. The lithium joint venture agreement with Tianqi Lithium Corporation was a watershed moment for IGO which, combined with the divestment of the Company’s 30% interest in the Tropicana Gold Mine, has resulted in IGO being uniquely positioned with world-class upstream and downstream assets exposed to nickel, copper, cobalt and lithium. It is this suite of metals which IGO believes will benefit most from the rapidly accelerating demand for electric vehicles, stationary energy storage and renewable energy technologies. FY21 saw robust operational performance from Nova, which achieved above guidance metal production in FY21, and also Tropicana, which delivered record financial results for the full year. Total revenue and other income of A$919M 1 and underlying free cash flow of A$363M has placed IGO’s balance sheet in an enviable position following the completion of the two major transactions, with group net cash of A$529M. The success of FY21 could not have been achieved without the hard work and commitment of our people. Our people have risen to the challenge of operating through COVID-19 and have delivered outstanding outcomes and importantly, have remained committed to our purpose of Making a Difference. Overview FY21 Snapshot Financial Summary GROUP REVENUE AND OTHER INCOME 3% A$919M 1 NET PROFIT AFTER TAX 254% A$549M 2 UNDERLYING FREE CASH FLOW 17% A$363M 2 — IGO ANNUAL REPORT 2021