IGO SUSTAINABILITY REPORT 2020

OUR VALUES Our refreshed organisational values proved a cornerstone for the company in FY20. They shaped the behaviour of our people and embodied our organisation’s unique culture during what was a challenging year. Our values united us as we adjusted to working remotely under a new set of safety norms; they ensured we empowered and supported each other and reminded us to still find the fun in what we do. Our values were co-created by people from across our business; from the boardroom to our operations. Collectively, our people told us the ideas and behaviours that truly reflect their aspirations and motivations. The result was a group of five defined statements that express our aspirations for what we collectively expect of each other. Our values are unique. They reflect our equally unique culture and will guide us to embody the IGO difference together. See beyond We know that our actions today will impact the world of tomorrow. We believe our people, community and the environment really matter. Never stand still We are bold, adventurous and excited for the future. We imagine new opportunities and seek new horizons. Be better together We empower, support and respect each other. We act safely and with care, to the strengths of our people. Run through the sprinklers We find the fun in what we do. When our workplaces are healthier and happier, we are better. Ignite the spark We seek, question, innovate and create. We know that without a burning curiosity and bright thinking, we risk missing the really big opportunities. IGO METALS SUPPLYING A GREEN ENERGY FUTURE IGO supplies high-grade metals used in energy storage, renewable energy and electric transport. Understanding the end use of our products helps inform our progress towards delivering materials critical to clean energy and responsible product stewardship. NICKEL Nickel has long been a key part of global development through domestic and industrial applications, primarily through stainless steel. Today it is critical to developing technologies to meet world demand for a clean energy future. Nickel is a key component in the production of cathodes for batteries, the production of wind turbines and the production of solar cells. According to the Nickel Institute , across the world more than two million tonnes of nickel is produced annually. Electric vehicle manufacturing giants, including Tesla, are urging miners to produce more nickel, highlighting its vital role in the future of this industry. Based on public statements and advice from IGO’s key nickel customers, we understand approximately 75% of IGO supplied nickel is processed for use in downstream battery products. COPPER Used for thousands of years, copper is valued for its affordability, ductility and conductivity. It is intrinsic to our everyday life with today’s average home containing more than 90 kilograms of copper. The Copper Development Association highlights the increasing role of copper in an energy efficient future through its potential use in electric vehicle motors, solar and wind  energy systems. Approximately one-third of all copper consumed worldwide is recycled, however, there is growing demand for more sustainably produced sources. Globally, approximately 21 million tonnes of copper was produced last year. COBALT According to the Cobalt Institute , cobalt is a technology enabling element vital in the production of cathodes for lithium-ion batteries, electronics, catalysts and alloys. Fifty per cent of global cobalt production is intended for rechargeable batteries used in portable devices, electric vehicles and renewable energy power stations. It is one of the raw materials identified by the European Union and the United States as critical and strategically important to their economies. Around 100,000 tonnes of cobalt was produced globally last year. IGO SUSTAINABILITY REPORT 2020— 9 8 — IGO SUSTAINABILITY REPORT 2020 OVERVIEW