Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Completion of a baseline and water sourcing study report.
• Introduction of design improvements to the Tailings Storage Facility (TSF) following the FY2022 Tailings Dam Breach Impact Assessment.
• Commencement of a Life Cycle Assessment (LCA)

Social Achievements

• Reconstruction of 46 kilometers of the Ngwala-Kininga Road in Tanzania, improving connectivity, social development, and economic growth.
• Construction of the Ngwala Medical Centre.
• Installation of a power line to connect Ngwala village to the national power grid.
• Implementation of a reward program to encourage young students to participate in the inter-school examination program.
• Completion of Phase 1 of a Human Impact Study

Governance Achievements

• Formalisation of the Sustainability Policy.
• Execution of the Framework Agreement, Shareholder’s Agreement, and Memorandum and Articles of Association with the Government of Tanzania.
• Registration and incorporation of Mamba Minerals Corporation Limited (“MML”) and Mamba Refinery Corporation Limited (“MRL”).
• Appointment of Ian Chambers to the Peak Board as a Non-Executive Director and Chair of the Audit and Risk Committee.

Climate Goals & Targets

Environmental Challenges

• Regulatory and Political Risks
• Operational and Technical Risks
• Counterparty and Funding Risks
• Environmental Management and Sustainability Risks
• Community Benefit Risks
• Macro-economic Risks

Mitigation Strategies

• Regulatory Compliance action plan implemented.
• Execution of Framework Agreement, mitigating regulatory risk.
• Framework Agreement executed and Special Mining Licence granted.
• Offtake Agreement executed with Shenghe.
• Optimisation test programs initiated.
• Updates to the Environmental and Social Management Plan.
• Implementation of Tailing Dam Breach Impact Assessment design recommendations.
• $27.5 million equity placement completed.
• Shenghe led Chinese funding opportunities.
• Completion of a Human Impact Study (Phase 1).

Supply Chain Management

Responsible Procurement

• Sustainable supply chain questionnaire

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, TCFD