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Investment in Tier 1 Lithium Business to Complement the World-Class Nova Ni-Cu-Co Mine

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Investment in Tier 1 Lithium Business to Complement the World-Class Nova Ni-Cu-Co Mine Not for Distribution or Release in the United States CREATING A UNIQUE CLEAN ENERGY METALS COMPANY Investment in Tier 1 lithium business to complement the world-class Nova Ni-Cu-Co mine 9 December 2020 For personal use only Not for Distribution or Release in the United States Not for Distribution or Release in the United States Important Notes The following notice and disclaimer applies to this investor presentation (Presentation) and you are therefore advised to read this Each recipient of this Presentation should make its own enquiries and investigations regarding all information in this Presentation carefully before reading or making any other use of this Presentation or any information contained in this Presentation. By accepting including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of IGO and the this Presentation you represent and warrant that you are entitled to receive this Presentation in accordance with the restrictions, and impact that different future outcomes might have on IGO. Information in this Presentation is not intended to be relied upon as advice agree to be bound by the limitations, contained within it. to investors or potential investors and has been prepared without taking account of any person’s individual investment objectives, This Presentation is dated 9 December 2020 and has been prepared by IGO Limited (ABN 46 092 786 304) (IGO). This financial situation or particular needs. Before making an investment decision, prospective investors should consider the Presentation has been prepared in connection with IGO’s: appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek • proposed acquisition of a 49% non-controlling shareholding in TL Energy Australia (Lithium HoldCo), the 51% owner of the appropriate advice, including legal, accounting and taxation advice appropriate to their jurisdiction and circumstances. IGO is not Greenbushes Lithium Mine (Greenbushes) and 100% owner-operator of the Kwinana lithium hydroxide plant licensed to provide financial product advice in respect of the New Shares. This Presentation is for information purposes only and is (Kwinana) (Proposed Acquisition); and not a prospectus, product disclosure statement or other offering document under Australian law or any other law (and will not be lodged with the Australian Securities and Investments Commission (ASIC) or any other foreign regulator). This Presentation is not, • proposed fully underwritten $766M offer of new fully paid ordinary shares (New Shares) in IGO underwritten to a minimum of and does not constitute, an invitation or offer of securities for subscription, purchase or sale in any jurisdiction and does not and will $702M, comprising: not form any part of any contract for the acquisition of the New Shares. The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. — a placement of New Shares to institutional and sophisticated investors (Placement) under section 708A of the Corporations Act 2001(Cth) (Corporations Act); and The retail offer booklet for the Retail Entitlement Offer (Retail Offer Booklet) will be available following its lodgement with ASX. Any eligible retail shareholder in Australia or New Zealand who wishes to participate in the Retail Entitlement Offer should consider the — a pro rata 1 for 8.5 accelerated non-renounceable entitlement offer to certain eligible shareholders of IGO (Entitlement Retail Offer Booklet before deciding whether to apply for New Shares under the Retail Entitlement Offer. Anyone who wishes to Offer). The Entitlement Offer is being made to: apply for New Shares under the Retail Entitlement Offer will need to apply in accordance with the instructions contained in the Retail o eligible institutional shareholders of IGO (Institutional Entitlement Offer); and Offer Booklet and the entitlement and acceptance form. eligible retail shareholders of IGO (Retail Entitlement Offer), under section 708AA of the Corporations Act as o Not for release or distribution in the United States modified by the Australian Securities and Investments Commission Corporations (Non-Traditional Rights Issues) Instrument 2016/84. This Presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or any other jurisdiction in which such an offer would be illegal. Neither the New Shares nor the entitlements referred to in this Presentation The Placement and the Entitlement Offer together form the Offer. The distribution of this Presentation in jurisdictions outside of have been, and neither will be, registered under the US Securities Act of 1933 (US Securities Act) or the securities laws of any Australia and New Zealand may be restricted by law and any such restriction should be observed. Any failure to comply with such state or other jurisdiction of the United States. Accordingly, neither the New Shares nor the entitlements may be offered or sold, restrictions may constitute a violation of applicable securities laws. Refer to slides 66 - 70 of this Presentation for further details directly or indirectly, in the United States unless they have been registered under the US Securities Act (which IGO has no obligation about international offer restrictions. to do or procure) or are offered or sold pursuant to an exemption from, or in a transaction not subject to, the registration Summary information requirements of the US Securities Act and applicable securities laws of any state or other jurisdiction of the United States. This This Presentation is for information purposes only and is a summary only. The information in this Presentation is of a general nature Presentation may not be distributed or released in the United States. and does not purport to be complete nor does it contain all information which a prospective investor may require in evaluating a possible investment in IGO or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act. This Presentation should be read in conjunction with IGO’s most recent financial report and IGO’s other periodic and continuous disclosure information lodged with the Australian Securities Exchange (ASX), which is available at www.asx.com.au. The content of this Presentation is provided as at the date of this Presentation (unless otherwise stated). Reliance should not be placed on information or opinions contained in this Presentation and, subject only to any legal obligation to do so, IGO does not have any obligation to correct or update the content of this Presentation. Certain market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. None of IGO, its representatives or advisers have independently verified any such market or industry data provided by third parties or industry or general publications. For personal use only Not financial product advice or offer This Presentation does not (and does not purport to) contain all information necessary to make an investment decision, is not intended as investment or financial advice (nor tax, accounting or legal advice), must not be relied upon as such and does not and will not form any part of any contract or commitment for the acquisition of New Shares. Any decision to buy or sell securities or other 2 Not for Distribution or Release in the United States Important Notes (cont.) Competent person statements Limitation of information in relation to Lithium HoldCo The information in this presentation that relates to Mineral Resource Estimates is based on and fairly represents, information and All information in this presentation in relation to Lithium HoldCo, Greenbushes and Kwinana - including in relation to historical supporting documentation compiled by Mr Mark Murphy, a Member of the Australian Institute of Geoscientists and a full time production, mineral resources and mineral reserves estimates, historical costs and other historical financial information and life of employee of IGO Limited. Mr. Murphy has sufficient experience that is relevant to the styles of mineralisation and types of deposit mine plans - has been sourced from Tianqi Lithium Co (TLC). IGO has conducted due diligence in relation to the Proposed under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Acquisition, but has not independently verified such information and, to the maximum extent permitted by law, makes no “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves: (JORC Code). Mr. Murphy consents representation or warranty, expressed or implied, as to the fairness, accuracy, correctness, completeness or adequacy of any to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. information relating to Lithium HoldCo, Greenbushes and Kwinana. Receipt of additional or updated information may change the forward looking statements concerning Lithium HoldCo, Greenbushes and Kwinana in this presentation. RT Lithium Limited (holder of a 49% interest in Greenbushes) may have a different interpretation The information in this presentation that relates to Ore Reserve Estimates is based on and fairly represents, information
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