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Annual Report 2015 3

CONTENTS

FY2015 Scorecard

6

Company Highlights

10

Board Profile

22

Chairman’s Review

24

Managing Director’s Report

26

Operations

29

Regional Exploration

50

Mineral Resources and Ore Reserves

59

Financial Report

65

Additional ASX Information

159

Glossary of Terms

160

2015 Sustainability Report

With the issue of this 2015 annual report, Independence Group NL (IGO) has

also published a Sustainability Report. Shareholders are referred to IGO’s 2015

Sustainability Report for the first time. It includes sections on community

development, our Code of Conduct and disclosure on sustainability and community

matters that were reported in previous annual reports.

2015 Corporate Governance Statement and Appendix 4G disclosures

IGO has published its 2015 Corporate Governance Statement and the disclosures

required by Appendix 4G of the ASX Listing Rules in the Governance Section of its

website:

http://www.igo.com.au/irm/content/governance.aspx?RID=295.

Shareholders are encouraged to read the Corporate Governance Statement and

Appendix 4G disclosures.

All monetary amounts are in Australian dollars unless otherwise noted.

Statistics related to hours worked as presented in this report include both

permanent full-time and part-time IGO employees and contractors.

Glossary of Terms

Readers are encouraged to refer to the Glossary of Terms of this report for further

explanation of various terms set out in this Annual Report.