Climate Change Data

Environmental Metrics

ESG Focus Areas

• Zero/Neutral Emissions
• Contributing to PNG Nation Building
• Sustainable Development
• Two-Way Stakeholder Engagement
• Building Sustainable Projects
• Building Long Lasting Community Partnerships

Social Achievements

• Building Long Lasting Community Partnerships
• Two-Way Stakeholder Engagement

Governance Achievements

• Reputable Counterparts - Suppliers - Service providers

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Reputable Counterparts - Suppliers - Service providers

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic's potential adverse effects on workforce, economies, and financial markets.
• Risks related to title to tenement interests (exploration licenses under renewal, potential third-party claims).
• General exploration and mining risks (geological formations, processing problems, environmental hazards, labor disruptions, etc.).
• Government regulation, processing licenses, and permits (potential delays or inability to obtain necessary approvals).
• Country risks associated with operating in Papua New Guinea (political instability, legal system, land tenure, corruption, etc.).
• Resource estimates (inferred mineral resources, potential underestimation or overestimation of grade, need for further drilling).
• Shortages of equipment.
• State participation right (PNG government's right to acquire up to 30% interest in mining licenses).
• Environmental matters (potential fines, sanctions, lawsuits, costly pollution control).
• Land reclamation requirements.
• Opposition to mining.
• Substantial capital requirements and dilution.
• Uninsurable risks (natural disasters, geological conditions, equipment failures, etc.).
• Management of growth.
• Reliance on key personnel.
• Foreign currency rates.
• Competition.
• Conflicts of interest.

Mitigation Strategies

• Monitoring cash reserves and seeking additional capital or adjusting expenditure as needed.
• Ongoing liaison with Mineral Resources Authority, landowners, and stakeholders regarding license renewals.
• Engaging consultants for social mapping and landowner identification studies.
• Implementing and improving operational and financial systems to manage growth.
• Implementing active hedging programs to offset foreign currency risk (though not currently engaged in).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Ongoing Community Relations, including Wardens Hearing to be held at Feni in Oct.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed