Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Integrity
• Responsibility
• Excellent Performance & Innovation
• Value Creation
• Agility
• Sustainability

Environmental Achievements

• Two consecutive years of declining greenhouse gas emissions at Björkdal (44% reduction from 2018 to 2020)
• 7% year-over-year reduction in greenhouse gas emissions at Costerfield
• Reduction in overall dust impact and diesel consumption at Costerfield with the commencement of the Brunswick portal

Social Achievements

• Zero transmission of COVID-19 cases across the Company
• Year-over-year decline in rolling 12-month LTIFR at Björkdal and Costerfield of 2.1 and 3.8, respectively
• Various community support initiatives at both Björkdal and Costerfield (detailed in the report)

Governance Achievements

• Annual review and refreshment of Board policies
• Appointed a second female director in 2021, achieving 29% women on the Board

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic
• Community issues (dust generation at Costerfield, other issues at Björkdal)

Mitigation Strategies

• Comprehensive COVID-19 safety measures implemented across all sites
• Addressing community issues through communication, engagement, and mitigation strategies (e.g., Brunswick portal opening at Costerfield)

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Environmental Metrics

ESG Focus Areas

• Safety
• Gender equality and diversity
• Community engagement
• Environmental impact and carbon footprint
• Shareholder returns
• Responsible mining

Environmental Achievements

• Reduced GHG emissions at Costerfield by 15% since 2021
• Björkdal recycled about 56% of its water
• 100% of electricity from fossil-free sources at Björkdal
• At Björkdal, NOx levels have declined 36% since 2021
• Significant trials and testing have been conducted on aquifer recharge rates to reinject extracted groundwater back into the aquifer at an energy efficient, low cost, and low risk process which was approved for an initial two-year term by the regulators.

Social Achievements

• Best safety record to date, with a Lost Time Injury Frequency Rate (LTIFR) of 2 per million hours worked
• AU$45,575 spent on local community events and charities in 2023 at Costerfield
• SEK200,000 spent on local sponsorships annually at Björkdal
• Local employment rate remains above 72% at Björkdal
• Local employment rate remains above 80% at Costerfield within 85 km of operation

Governance Achievements

• 29% women on the Board, surpassing the target of 25%
• Ratio of independent directors is 57%
• Adopted a Board Diversity Policy
• Environmental and social performance criteria are factored into our corporate performance scorecard, which is linked to executive compensation.

Climate Goals & Targets

Environmental Challenges

• Elevated levels of nitrites/nitrates in Björkdal's tailings discharge water in 2022
• Costerfield's permitted water discharge more than doubled from 2021 to 2022

Mitigation Strategies

• Action plan including ongoing monitoring of concentrations at Björkdal to rectify the situation. Levels were lower in 2023 and all target conditions were achieved.
• Improved performance of reverse osmosis water treatment plant at Costerfield

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Adverse rain weather events at Costerfield leading to temporary site access restrictions and power disruptions.
• Geotechnical challenges at Björkdal causing adjustments to the mine sequencing schedule.

Mitigation Strategies

• At Costerfield, anticipating maintaining similar metal grades by mining comparable sections within high-grade deposits.
• At Björkdal, exploring opportunities to improve planning flexibility for better management of potential impacts from future sequencing changes.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed