Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Governance Achievements

• The Company’s Corporate Governance Statement is lodged separately on the ASX and can be found on the Company’s website

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacted exploration program due to travel restrictions and supply chain disruptions.
• Exploration results may be insufficient to justify financial viability of projects.
• Securing exploration and development activities reliant on native title resolution and tenure.
• Environmental risks and hazards associated with mining and exploration.
• Need for additional funding to continue exploration and development.
• Market factors such as commodity price and labor cost variance.

Mitigation Strategies

• Developed strong relationships with landholders for access arrangements.
• Complies with environmental regulations and undertakes environmental assessments.
• Seeks additional funding through equity, debt, and project finance.
• Undertakes extensive exploration and product quality testing.
• Engages external experts for evaluation of exploration results.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations, 4th Edition

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Community Relations
• Safety

Environmental Achievements

• No environmental incidents reported

Social Achievements

• No lost time injuries reported
• Excellent relationships with communities and stakeholders maintained

Governance Achievements

• Appointment of Andrew Greville as Non-Executive Chairman
• Appointment of David A-Izzeddin as Managing Director
• Successful capital raising of A$11,191,756 million

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions for natural resources companies
• Securing and maintaining title to tenements
• Obtaining necessary consents and approvals
• Availability of equipment and contractors
• Environmental risks and hazards
• Compliance with environmental regulations
• Native title claims
• Fluctuations in commodity prices and AUD exchange rate
• Potential for insufficient resources to fund exploration and development

Mitigation Strategies

• Strong relationships with landholders and indigenous bodies
• Diligent lodging of tenement annual reports and renewals
• Careful assessment of environmental issues and compliance with regulations
• Safety and Health Management system
• Capital raising to fund operations and exploration
• Collaboration with engineers and industry experts to minimize environmental impact and emissions

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Increased demand for copper due to new technology