Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Governance Achievements

• Appointed Bruce Smith as Independent Non-Executive Director on June 15, 2023.
• Completed a corporate tax restructure of its Australian and USA entities as of March 31, 2023.

Climate Goals & Targets

Environmental Challenges

• Climate change risks including new regulations for lower-carbon economy, market changes, and physical risks from severe weather.
• Impact of the Ukraine conflict on global economic markets and commodity prices.
• Potential impacts of COVID-19, including labor shortages and travel restrictions.
• US government regulations governing exploration, worker safety, environmental protection, and other matters.
• Exploration costs and uncertainties regarding resource and reserve estimates.
• Risks associated with obtaining future authorizations to explore and mine.
• Challenges in mine development, including geological conditions, approvals, weather, technical difficulties, funding, and contracting risks.
• Environmental risks and liabilities associated with mining operations, including waste disposal and compliance with environmental laws.
• Regulatory compliance across various areas, including resource licenses, environmental matters, and native title.
• Reliance on key personnel.
• Need for additional capital.
• General economic conditions, tax reforms, and legislation.
• Competition risk.
• Market conditions and commodity price volatility.
• Government policy changes.
• Insurance coverage limitations.
• Force majeure events.
• Taxation consequences.
• Litigation risks.

Mitigation Strategies

• The consolidated entity will endeavor to manage climate change risks and limit impacts.
• The Directors are continuing to closely monitor the potential secondary and tertiary macroeconomic impacts of the unfolding events, including the changing pricing of commodity and energy markets and the potential of cyber activity impacting governments and businesses.
• The Directors are monitoring the situation closely and have considered the impact of COVID-19 on the consolidated entity therefore inevitably uncertain.
• The consolidated entity believes that it is in substantial compliance with all material current laws and regulations.
• Additional exploratory work is planned to define resources.
• Risks associated with mine development will be considered and managed with ongoing consideration of stakeholder interests.
• The consolidated entity is expected to comply with all environmental laws.
• The consolidated entity requires permits from regulatory authorities to authorise the consolidated entity activities.
• The consolidated entity depends on its ability to attract and retain key personnel.
• Funds raised under the Public Offer are considered sufficient to meet immediate objectives; additional funding may be sought if needed.
• The consolidated entity is monitoring the situation closely and considers the impact of the Ukraine Conflict on the consolidated entity the consequences are therefore inevitably uncertain.
• The consolidated entity will undertake all reasonable due diligence in its business decisions and operations.
• The consolidated entity intends to insure its operations in accordance with industry practice.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of weather patterns and incidence of extreme weather events and longer-term physical risks such as shifting climate patterns

Transition Risks

• Changes to local or international compliance regulations related to climate change mitigation efforts, or by specific taxation or penalties for carbon emissions or environmental damage

Environmental Metrics

ESG Focus Areas

• Climate risk
• Environmental impact
• Indigenous and First Nations Peoples rights

Environmental Achievements

• Exploration undertaken on the consolidated entity's combined tenements in Western Australia and South Dakota to date has not created significant environmental issues. Measures are undertaken pre and post drilling to ensure that the environmental impact is minimised. The work undertaken to date has produced minimal impact on the environment. No issues regarding compliance were encountered during the reporting period.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Tenure and renewal of mining and exploration claims and licences.
• Rights of Indigenous and First Nations Peoples.
• Climate change risks (new regulations, physical and environmental risks).
• Foreign jurisdiction risk (US government regulation).
• Exploration costs.
• Resource and reserves and exploration targets.
• Grant of future authorisations to explore and mine.
• Mine development.
• Environmental risks and liabilities.
• Regulatory compliance.
• Reliance on key personnel.
• Additional requirements for capital.
• General economic conditions.
• Competition risk.
• Market conditions.
• Commodity price volatility and exchange rate risks.
• Government policy changes.
• Insurance.
• Force majeure.
• Litigation risks.

Mitigation Strategies

• Close monitoring of tenure renewal conditions and compliance with regulations.
• Close monitoring of potential effects of native and heritage/cultural matters.
• Endeavoring to manage climate-related risks and limit impacts.
• Understanding and substantial compliance with US laws and regulations; obtaining necessary permits and licenses.
• Based on assumptions with respect to the method and timing of exploration.
• Undertaking additional exploratory work to define resources.
• Obtaining required approvals, licenses, and permits for mine development.
• Considering risks associated with mine development and managing them with ongoing consideration of stakeholder interests.
• Conducting activities to the highest standard of environmental obligation, including compliance with all environmental laws.
• Maintaining substantial compliance with all material current laws and regulations.
• Attracting and retaining key personnel.
• Raising further funds through equity or debt financing, joint ventures, licensing arrangements, or other means.
• Monitoring general economic conditions.
• Undertaking reasonable due diligence in business decisions and operations.
• Monitoring share market conditions.
• Managing commodity price volatility and exchange rate risks.
• Monitoring adverse changes in government policies or legislation.
• Intending to insure its operations in accordance with industry practice.
• Managing risks outside the consolidated entity’s control.
• Managing potential litigation risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Increased severity of weather patterns and incidence of extreme weather events and longer-term physical risks such as shifting climate patterns

Transition Risks

• Emergence of new or expanded regulations associated with the transitioning to a lower carbon economy and market changes related to climate change mitigation.

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