Adex Mining Inc.
Climate Impact & Sustainability Data (2010-01 to 2010-09, 2012-03)
Reporting Period: 2010-01 to 2010-09
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
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Bring mine into commercial production; utilize cash flows from NZ to bring FTZ into commercial production
Medium-term Goals:
- Begin engineering and procurement of processing equipment by early 2011; target concentrator production for late 2011; production decision before the end of 2011 or early 2012
Short-term Goals:
- Complete definitive feasibility study (DFS) on North Zone before end of 2010; commence DFS on the FTZ sometime in 2011
Environmental Challenges
- Limited operational history, highly speculative business, insufficient resources or reserves, barriers to commercial production, need for additional capital, commodity price and exchange rate fluctuations, reliance on key personnel, potential title defects, maintaining mineral property interests, external market factors, governmental and regulatory requirements, environmental regulations, conflicts of interest, uninsured risks, competition in acquiring additional properties.
Mitigation Strategies
- Developing capability to process metals beyond ore stage and sell higher-valued products; engaging Great Harvest for financing and expertise; implementing environmental monitoring program; complying with environmental regulations; disclosing conflicts of interest; maintaining adequate liability insurance (though acknowledging potential for exceeding limits).
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
Reporting Period: 2012-03
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Potential production decision by end of 2012 and full production in 2014.
Short-term Goals:
- Complete flowsheet definition study and mine dewatering plan as part of a definitive feasibility study (DFS) by end of 2012.
Environmental Challenges
- Limited operating history, considered a start-up.
- Highly speculative business due to mineral exploration risks.
- Insufficient resources or reserves; substantial additional expenditures needed.
- Barriers to commercial production (operating costs, fluctuating mineral markets, government regulations).
- Need for additional capital for exploration and development.
- Commodity price and exchange rate fluctuations.
- Dependence on key personnel.
- Potential title defects.
- Maintaining mineral property interests requires compliance and funding.
- External market factors (production costs, supply/demand, inflation).
- Governmental and regulatory requirements (approvals, permits, compliance).
- Environmental regulations (compliance costs, potential hazards).
- Conflicts of interest among directors and officers.
- Uninsured risks and potential liabilities exceeding insurance limits.
- Competition in acquiring additional properties.
Mitigation Strategies
- Developing a water treatment strategy for mine dewatering.
- Regular environmental monitoring to ensure compliance.
- Intention to fully comply with environmental regulations.
- Disclosure of conflicts of interest in accordance with the Business Corporations Act (Ontario).
- Maintaining adequate liability insurance (though acknowledging potential for exceeding limits).