Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Slight decrease in electricity consumption and corresponding carbon footprint due to relocation of Australian office and reduced employee numbers.
• Implemented measures to reduce business trips and organized board meetings via electronic communications.
• Implemented measures to switch off lights and air conditioning.

Social Achievements

• Nil work-related fatality and injury resulting in loss days during the reporting period and in each of the past three years.
• Established human resources management function covering various aspects of employment.
• Provided annual bonuses and employee share options to eligible employees.

Governance Achievements

• Established a Code of Conduct and Whistleblower Policy.
• Established rules against bribery or corruption, with employee training on these rules.
• Zero tolerance approach to corruption and bribery.

Climate Goals & Targets

Environmental Challenges

• Minimal spend and retained office space to secure an infrastructure solution for the Marillana project; mining development yet to commence.
• Significant changes in rainfall patterns in Western Australia posing risks to the mining industry.
• Waste rock and tailings created during mining and ore refining process can release toxins into the environment if not stored properly.

Mitigation Strategies

• Targets a net decrease in emissions prior to commencement of future developmental activities.
• Implemented measures to reduce electricity consumption and waste generation.
• Detailed mine plan with enhanced tailings and erosion control structure as part of the mine’s water management plan; safeguards in place to minimize risk of unplanned flooding or spillages at the sewage treatment facility.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Evaluates vendors’ performance, reliability, pricing, environmental attributes, and energy saving functionalities.
• At least 2 quotations obtained for each procurement engagement.
• Sustainable, fair-trade and environmentally friendly products are preferred.

Climate-Related Risks & Opportunities

Physical Risks

• Significant changes in rainfall patterns in Western Australia

Reporting Standards

Frameworks Used: Appendix 27 of the Rules Governing the Listing of Securities on the SEHK

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental Aspects (Emissions, Resource Use, Environment and Natural Resources, Climate Change)
• Social Aspects (Employment and Labour Practices, Health and Safety, Development and Training, Labour Standards, Supply Chain Management, Product Responsibility, Anti-Corruption, Community Investment)
• Governance (Internal Control and Risk Management, Board Responsibility)

Environmental Achievements

• Reduced unnecessary business trips and board meetings through electronic communications.
• Encouraged employees to switch off lights and air conditioning.
• Procured energy-efficient electrical appliances.
• Promoted recycling of office equipment and reduced domestic waste.
• Preferred electronic means to disseminate information.
• Encouraged employees to use public transportation and carpool.

Social Achievements

• Established human resources management function covering various aspects of employment.
• Motivated employees by promotion and salary increments based on performance appraisals.
• Provided annual bonuses and employee share options.
• Adopted a five-day work week arrangement.
• Offered paid annual, maternity, paternity, marriage and compassionate leave.
• Provided medical benefits and MPF scheme contributions.
• Implemented a Whistleblower Policy.
• Established a Diversity Policy.
• No work-related fatality and injury resulting in lost days during the reporting period and in each of the past three years.
• Provided compliance and regulatory training, job-specific training, and comprehensive safety induction for new employees.
• Established sound procurement procedures and requirements for vendors.
• Maintained a transparent supply chain by procuring goods and services from suppliers and contractors whose values align with the Group's.
• Engaged independent internal control consultants yearly to perform reviews on internal control processes.
• Implemented quality assurance and recall procedures.
• Established rules against bribery or corruption and provided employee training.
• Implemented a Whistleblower policy.
• Sponsored charity runs/marathons for employees.

Governance Achievements

• Board retains overall responsibility for the Group’s ESG management.
• Annual review of the Group’s strategic planning and performance by the Board.
• Yearly review and monitoring of latest regulatory updates.
• Internal control processes actively monitored by procurement.

Climate Goals & Targets

Environmental Challenges

• Significant changes in rainfall patterns in Western Australia posing risks for the mining industry.
• Potential for toxins from waste rock and tailings to leach into the environment.
• Potential impact to surface water environment from unplanned flooding or spillages at the sewage treatment facility.
• COVID-19 pandemic impacting business operations.

Mitigation Strategies

• Detailed mine plan with enhanced tailings and erosion control structure as part of the mine’s water management plan.
• Safeguards in place to minimise risk of spillages at sewage treatment facility (alarms, emergency overflow, flood protection).
• COVID-19 response protocols including social distancing, flexible working, increased hygiene supplies, and focus on cleaning and sanitation.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Evaluation of vendors’ performance, reliability, pricing, environmental attributes.
• Obtaining at least 2 quotations for each procurement engagement.
• Consideration of previous vendor performance, creditability, and compliance with local regulations.
• Preference for sustainable, fair-trade, and environmentally friendly products.

Climate-Related Risks & Opportunities

Physical Risks

• Significant changes in rainfall patterns in Western Australia.

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules Governing the Listing of Securities on the SEHK)

Third-party Assurance: Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Met target of net decrease in emissions; reduced purchased electricity consumption from 22,527 kWh to 18,770 kWh; reduced GHG intensity by floor area from 132.05 kg CO2-e/m2 to 75.35 kg CO2-e/m2; properly disposed of and recycled waste (printer toner cartridges, batteries, obsolete equipment).

Social Achievements

• No substantiated complaints received regarding employment practices; no work-related fatalities or injuries; maintained compliance with all relevant labor laws; implemented COVID-19 response protocols; provided employee training (60% of directors received 183 hours, 40% of senior management received 27 hours).

Governance Achievements

• No environmental permit or approval breaches; no incidents or legal cases related to corrupt practices; implemented a whistleblower policy; conducted annual compliance reviews; established rules against bribery and corruption with employee training.

Climate Goals & Targets

Environmental Challenges

• Potential environmental risks associated with mining (hydrocarbon spills, habitat destruction, water exceeding permit limits); potential risks from waste rock and tailings releasing toxins; potential impact to surface water from unplanned flooding or spillages at sewage treatment facilities; significant changes in rainfall patterns in Western Australia.

Mitigation Strategies

• Detailed mine plan with enhanced tailings and erosion control; safeguards in place to minimize risks at sewage treatment facility (alarms, emergency overflow, flood protection); environmental management systems and practices to assess and identify potential environmental risks; compliance with all applicable environmental laws, regulations, and standards; proactive management of workplace health and safety, environmental impact, and community relations.

Supply Chain Management

Supplier Audits: Yearly reviews by independent internal control consultants

Responsible Procurement

• Sound procurement procedures; at least 2 quotations obtained for each procurement; consideration of vendor performance, creditability, and compliance; preference for sustainable, fair-trade, and environmentally friendly products.

Climate-Related Risks & Opportunities

Physical Risks

• Significant changes in rainfall patterns; potential for flooding

Reporting Standards

Frameworks Used: ESG Reporting Guide (Appendix 27 of the Rules Governing the Listing of Securities on the SEHK)

Third-party Assurance: Not disclosed