Keras Resources PLC

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:Not disclosed

Scope 1 Emissions:Not disclosed

Scope 2 Emissions:Not disclosed

Scope 3 Emissions:Not disclosed

Renewable Energy Share:Not disclosed

Total Energy Consumption:Not disclosed

Water Consumption:Not disclosed

Waste Generated:Not disclosed

Carbon Intensity:Not disclosed

ESG Focus Areas

Sustainable agriculture
Responsible mining
ESG best practice

Environmental Achievements

With the Diamond Creek mine we are running a simple operation with only crushing & milling requirements and will look to maintain our low carbon footprint.

Social Achievements

The Group gives full and fair consideration to applications for employment received regardless of age, gender, colour, ethnicity, disability, nationality, religious beliefs, transgender status or sexual orientation.
The Group currently operates in the USA and Togo. It recruits locally as many of its employees and contractors as practicable.

Governance Achievements

The Company has adopted a comprehensive anti-corruption and whistle blowing policy and an ethical policy which is strictly applied.

Climate Goals & Targets

Long-term Goals:

build the operation into the premier organic phosphate producer in the US

Medium-term Goals:

grow annual sales to enforce our strategy to enhance shareholder value through broadening our product mix and building market share for our products within the North American organic fertilizer market.

Short-term Goals:

developing market share will be our primary focus for the next two years
Plans for expansion to broaden our product mix are underway and we continue to negotiate new offtake agreements with our repeat customers.

Environmental Challenges

Market Risk: Growing market share within the niche organic fertiliser market within North America presents risk in terms of pricing and volume.
Exploration Risk: There is no certainty that the Group will be successful in the de finition of economic mineral resources, nor that it will proceed to the development of any of its projects or otherwise realise their value.
Resource Risk: Mineral resources and reserves are always subject to uncertainties in the underlying assumptions which include geological projection and commodity price assumptions.
Development Risk: Delays in permitting, financing and commissioning a project may result in delays to the Group meeting development and/or production targets.
Mining and Processing Technical Risk: Variations in mineralogy, mineral continuity, ground stability, ground water conditions and other geological conditions may still render a mining and processing operation economically or technically non-viable.
Environmental Risk: Exploration and development of a project can be adversely a fected by environmental legislation and the unforeseen results of environmental studies carried out during evaluation of a project.
Political Risk: All countries carry political risk that can lead to interruption of activity.
Financing & Liquidity Risk: The Group has had an ongoing requirement to fund its activities through the equity markets and may in future need obtain finance for further project development.

Mitigation Strategies

Market Risk: The Group has employed a head of marketing to develop and implement a marketing strategy which will be a key focus area to build market share.
Exploration Risk: The Group aims to mitigate this risk when evaluating new business opportunities by targeting areas of potential where there is at least some historical drilling or geological data available.
Resource Risk: Mineral resources and reserves are calculated by the Group in accordance with accepted industry standards and codes.
Development Risk: To mitigate development risk, the Group supplements this from time to time with engagement of external expert consultants and contractors.
Mining and Processing Technical Risk: The Group has a small team of mining professionals experienced in geological evaluation, exploration, financing and development of mining projects.
Environmental Risk: As Keras undertakes mining operations, any disturbance to the environment during this phase is required to be rehabilitated, with specific requirements for closure and closure funding in accordance with the prevailing regulations of the countries in which we operate as well as to international best-practice.
Political Risk: The Company sold its interests in Togo.
Financing & Liquidity Risk: To date, Keras has managed to raise funds primarily through equity placements.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

Not disclosed

Transition Risks

Not disclosed

Opportunities

developing opportunities around carbon sequestration and the associated carbon credits

Reporting Standards

Frameworks Used: Null

Certifications: Organic Certi fication by CDFA, WSDA and OMRI

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

Not disclosed

Not disclosed

Sustainable Products & Innovation

granulated and liquidised fertilizers

Awards & Recognition

Not disclosed

Reporting Period: 2023