Nex Metals Explorations Ltd
Climate Impact & Sustainability Data (2019, 2023, 2023-07-01 to 2023-09-30)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Applications for Forfeiture on Yundamindra Tenements lodged by MCA Nominees Pty Ltd.
- Loss after taxation of $2,222,065
Mitigation Strategies
- Defending the Forfeiture applications.
- Seeking capital to cover the cost of plant and installation, drilling and working capital.
- Discussions with potential funders
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Climate Goals & Targets
Environmental Challenges
- Legal disputes with Metalicity Limited regarding joint venture costs and shareholder meetings.
- Financial challenges, including net losses and net liabilities.
Mitigation Strategies
- Settlement of disputes with Metalicity Limited via a term sheet.
- Directors' agreement to defer repayment of accrued fees and loans.
- Plans to raise capital funding.
- Financial support from Allen's Business Group.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2023-07-01 to 2023-09-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Delays due to ongoing actions by Metalicity Ltd
Mitigation Strategies
- Settlement of all matters between Nex Metals and Metalicity Ltd