Acquisition of Western Areas Limited

Transaction Rationale Acquisition to enhance IGO's nickel portfolio and deliver strong financial outcomes for IGO shareholders igo Aligned with Strategy Cash Consideration In line with IGO's focus on clean energy metals No dilution for IGO shareholders Enhances Nickel Portfolio Ni Logical Consolidation Increases nickel reserves and production profile Combines key WA nickel production and development assets к Accretive Free Cashflow Accretive from FY24 (post-Cosmos ramp up) IGO well positioned Funding and expertise to maximise value of the expanded portfolio Enhanced exposure to the EV and clean energy metals thematic 80

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