Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Governance Achievements

• Established an audit committee and a remuneration committee with formally delegated duties and responsibilities.
• Adopted an anti-corruption and bribery policy.

Climate Goals & Targets

Environmental Challenges

• The Company is currently at an exploration phase and there is no guarantee that resources will be produced, nor the amount and quality of resources that may be produced.
• Limited Experience with Development-Stage Mining Operations
• Unfavourable general economic conditions may have a negative impact on the results of operations, financial condition, and prospects of the Company
• Competition
• Reliance on key personnel and management
• Government action, which could include non-renewal of licences, may result in licences held by the Company being adversely affected.
• Mineral resource estimates are estimates only and no assurance an identified reserve or resource will ever qualify as a commercially mineable (or viable) deposit which can be legally and economically exploited.
• Reliance on third parties for drilling and geological reporting
• Commodity Prices
• Estimates of mineral reserves and mineral resources
• Environmental regulation
• Environmental approvals and permits
• Operations
• The Company’s mineral properties from time to time may be subject to evolving regulations related to climate change
• Global supply and demand changes due to a potential economic downturn may adversely affect the business, cash flows, results of operations and financial condition of the Company
• Health epidemics and pandemics, including the COVID-19 pandemic and other force majeure and catastrophic events
• The Company may be unable to secure future funding to deliver its future plans
• Unfavourable general economic conditions may have a negative impact on the results of operations and financial condition
• Changes in tax law and practice may reduce any net returns for investors
• There can be no assurance that the Company will be able to make returns for Shareholders in a tax-efficient manner
• The market price for the Ordinary Shares may be affected by fluctuations and volatility in the price of Ordinary Shares
• The proposed Standard Listing of the Ordinary Shares will afford investors a lower level of regulatory protection than a Premium Listing
• Investments in Ordinary Shares may be relatively illiquid.
• The Company may not declare dividends and, should it do so, there can be no assurance as to the level of any such dividends.
• The exercise of all or any of the Options, the Placing Warrants and/or the Broker Warrants will result in the dilution of 52.61% of the percentage holding of the Shareholders at Admission, and may impact the price of the Ordinary Shares.
• The Company may decide to issue additional Ordinary Shares in the future in subsequent public offerings or private placements to fund expansion and development.

Mitigation Strategies

• The Board believes it has satisfied the conditions for the further renewal of these PLs and expects them to be renewed shortly.
• The Company intends to adopt an incentive plan under which it may award new Ordinary Shares to directors, employees, and consultants pursuant to share option and incentive schemes approved by the Board.
• The Company will comply with Listing Principles 1 and 2 as set out in Chapter 7 of the Listing Rules, as required by the FCA and (not withstanding that they only apply to companies with a Premium Listing) the Premium Listing Principles set out in Chapter 7 of the Listing Rules.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Safety
• Health
• Community Relations
• Corporate Social Responsibility

Governance Achievements

• Listed on the London Stock Exchange in October 2022

Climate Goals & Targets

Environmental Challenges

• Exploration risk (unsuccessful exploration activities)
• Licence risk (withdrawal or limitations on licences)
• Commodity price risk (fluctuations in zinc and other mineral prices)
• Economic risk (volatility and geopolitical issues)
• Reliance on third parties (drilling and geological reporting)
• Access to land for exploration
• Key personnel risk (loss of key individuals)
• Environmental risk (unforeseen environmental liabilities)
• Climate change risk (impact on suppliers and business model)
• Uninsured risk (uninsurable hazards and third-party claims)
• Financing risk (ability to obtain financing)

Mitigation Strategies

• Conservative management of exploration funds
• Environmental management systems
• Use of advisors with specialist knowledge in mining and environmental management
• Liquidity risk management framework
• Insurance programme
• Shareholder funding and loan arrangements

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Exploration Risk: Licences may not contain commercially recoverable volumes of metals.
• Licence risk: Licences may be withdrawn or made subject to limitations.
• Commodity Price Risk: Fluctuations in commodity prices affect commercial viability and potential earnings.
• Economic Risk: Volatility and geopolitical issues in the business and exploration environment.
• Reliance on third parties: Competition from larger companies for services.
• Key Personnel: Dependence on the expertise and continued services of key personnel.
• Operations: Risks and hazards including industrial accidents, labour disputes, geological conditions, equipment failure, regulatory changes, environmental hazards, and weather.
• Environmental regulation and Climate Change: Inherent environmental risks associated with mineral exploration, potential environmental liabilities, and changes in climate change legislation.
• Uninsured risk: Liability for hazards that cannot be insured against or third-party claims exceeding insurance cover.
• Exchange Rate Risk: Exposure to currency risk due to Sterling funding and Euro expenditure.
• Financing Risk: Dependence on obtaining financing through equity capital, joint ventures, debt financing, or farm-outs.

Mitigation Strategies

• Regular review and mitigation of risks by the Board.
• Intention to carry out geophysical surveying to assist with the placement of future drill targets at Kilmallock.
• Monitoring of activities and performance on a regular basis.
• Maintaining good relationships with landowners to ensure access to land.
• Creating a workplace that attracts, retains, and engages its workforce.
• Producing risk assessments and impact assessments to account for local wildlife, natural habitat, and archaeological issues for environmental approvals.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS as adopted by the European Union