Climate Change Data

Bluelake Mineral AB (publ)

Climate Impact & Sustainability Data (2009, 2016, 2021, 2022)

Reporting Period: 2009

Environmental Metrics

ESG Focus Areas

  • Environmental Considerations
  • Community Engagement

Social Achievements

  • Initiated consultations with Vapsten Sámi village regarding potential impacts on reindeer herding operations.
  • Agreed with Vapsten Sámi village to conduct a study on the Project’s expected impact on reindeer herding operations, including social aspects.

Climate Goals & Targets

Medium-term Goals:
  • Complete a Pre-Feasibility Study, including upgrading resources to the Indicated category.
Short-term Goals:
  • Delineate additional Mineral Resources through exploration (geological mapping, geophysics, diamond drilling).
  • Conduct geotechnical studies to determine appropriate pit slope angles.
  • Conduct further metallurgical test work to improve recovery (locked cycle tests on blended samples, mini-pilot plant test work).

Environmental Challenges

  • Potential conflicts with reindeer husbandry and the Vapsten Sámi village.
  • Need for Environmental Impact Assessment (EIA) and Environmental Permit to proceed to the exploitation phase.
  • High MgO content in the concentrate may attract penalties from smelters.
Mitigation Strategies
  • Initiated consultations and agreed on a joint study with Vapsten Sámi village to assess impacts on reindeer herding.
  • Planning to prepare a comprehensive EIA and apply for an Environmental Permit.
  • Future test work will focus on reducing the MgO content in the concentrate.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Reporting Period: 2016

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Deposition of tailings into an existing lake (Gardiken hydroelectric reservoir) presents technical challenges during design, construction, operation, and post-closure.
  • Uncertainty regarding tailings area rehabilitation.
  • Proximity of open pit edges to the lake raises concerns about water influx and pit slope stability.
  • Potential challenges in transporting fine magnetite concentrate (pelletizing may be necessary).
  • Intensive public road use for concentrate transport requires negotiation and road upgrades.
  • Mine road crossing the lake at a high-flow point requires robust culvert design.
  • Presence of arsenic in concentrate may lead to smelter penalties.
  • Presence of asbestos fibers poses health and safety concerns.
  • Need to protect Sami interests.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • ESG (Environmental, Social, and Governance)

Climate Goals & Targets

Short-term Goals:
  • Complete a Preliminary Feasibility Study and apply for an environmental permit for the Rönnbäcken project.

Environmental Challenges

  • Need to secure financing for a Preliminary Feasibility Study and environmental permit application for the Rönnbäcken project.
Mitigation Strategies
  • Strategic review to explore options for maximizing the Rönnbäcken project's potential, including securing external investment in Nickel Mountain.

Supply Chain Management

Climate-Related Risks & Opportunities

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

  • low-emission operation
  • low impact
  • local sourcing
  • stakeholder engagement
  • socioeconomically sustainable

Environmental Achievements

  • Potential to provide a secure, local source of low-carbon intensity critical raw materials to a rapidly expanding green technology manufacturing industry in northern Europe.
  • Low-sulphide content of material results in a low acid-generating potential for waste material.

Social Achievements

  • Expected to provide approximately 550 jobs during the life of mine operation with a significant socio-economic impact on the region expected.
  • Company will work closely with local stakeholders including land owners to reduce the Project’s impact and ensure the Project provides long-term benefits to the local area.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Commence a Prefeasibility Study (“PFS”) and updated environmental and social impact assessment (“ESIA”) in 2022

Environmental Challenges

  • Potential costs for water management, particularly dewatering of the pits, are currently unknown
  • Risk of significant hydraulic connection between the proposed pits and Lake Gardiken
  • Collaboration required to ensure access to pastureland and migration routes for Sámi reindeer herding
Mitigation Strategies
  • The PEA outlined a number of options to reduce the impacts of the Project on the environment that will be explored further in future technical studies. This includes the use of electric vehicles, conveyor systems and carbon sequestration in tailings.
  • Company is committed to engagement with all key stakeholders and in cooperation with the authorities.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: CIM Definition Standards

Certifications: null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed