2021 Annual Report

Directors’ Report 30 June 2021 EVENTS SINCE THE END OF THE FINANCIAL YEAR On 1 July 2021, the Company announced the appointment of Mr Michael Nossal to the role of Chair, while Mr Peter Bilbe transitioned to a Non-executive Director role. Michael Nossal was appointed a Non-executive Director of the Company on 18 December 2020. On 27 July 2021, the Company announced that it had entered into a binding agreement with entities owned and controlled by Mark Creasy (Creasy Group) to i) acquire 100% of the Silver Knight nickel-copper-cobalt sulphide deposit (Silver Knight), and ii) form a JV with Creasy Group (IGO 65%: Creasy Group 35%) over a portfolio of exploration tenements around Silver Knight, for a total cash consideration of A$45.0 million (Transaction). Documentation for the Transaction is expected to be completed by 30 September 2021, with completion of the Transaction occurring within five business days thereafter. The impact of the Coronavirus (COVID-19) pandemic is ongoing and, while it has had limited impact on the Group up to 30 June 2021, it is not practicable to estimate the potential impact, positive or negative, after the reporting date. The situation continues to develop and is dependent on measures imposed by the Australian Government and other countries, such as maintaining social distancing requirements, quarantine, travel restrictions and any economic stimulus that may be provided. On 31 August 2021, the Company announced that a final dividend for the year ended 30 June 2021 would be paid on 23 September 2021. The dividend is 10 cents per share and will be fully franked. Other than the above, there has been no other transaction or event of a material and unusual nature likely, in the opinion of the Directors, to significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group, in future financial years. COMPANY SECRETARY Ms Joanne McDonald was appointed to the position of Company Secretary on 5 October 2015. Ms McDonald is a qualified Chartered Secretary with over 17 years’ experience working for listed companies in Australia and the UK. Prior to joining IGO, Ms McDonald held positions with Paladin Energy Ltd, Summit Resources Ltd and Unilever plc. Ms McDonald is currently a WA State Councillor for the Governance Institute of Australia. Ms McDonald is a Fellow of the Governance Institute Australia and a Graduate of the Australian Institute of Company Directors. MEETINGS OF DIRECTORS The numbers of meetings of the Directors and of each Board Committee held during the year ended 30 June 2021, and the numbers of meetings attended by each Director were: Name Full meetings of directors Meetings of committees People & Performance Committee Audit & Risk Committee Nomination & Governance Committee Sustainability Committee A B A B A B A B A B Debra Bakker 11 11 4 4 5 5 ** ** 5 5 Peter Bilbe 11 11 1 1 3 3 1 1 ** ** Kathleen Bozanic 11 11 ** ** 5 5 3 3 ** ** Peter Bradford 11 11 ** ** ** ** ** ** ** ** Peter Buck 11 11 4 4 1 1 2 2 4 4 Michael Nossal 1 6 6 3 3 ** ** ** ** 1 1 Keith Spence 11 11 1 1 2 2 2 2 6 6 Neil Warburton 2 3 3 ** ** ** ** 1 1 4 4 Xiaoping Yang 3 7 7 ** ** 1 1 ** ** 1 1 A = Number of meetings attended. B = Number of meetings held during the time the Director was a member of the committee during the year. ** = Not a member of the relevant committee. 1. Mr Nossal was appointed a Non-executive Director effective 18 December 2020. 2. Mr Warburton resigned as a Non-executive Director effective 28 October 2020. 3. Ms Yang was appointed a Non-executive Director effective 1 December 2020. Note: Directors who are not members of a specific committee have a standing invitation to attend committee meetings with the consent of the relevant committee chair and in practice generally attend all committee meetings. Their attendance is only included in the table if they are a member of the committee. 46 —IGO ANNUAL REPORT 2021