Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Development
• Environmental Stewardship
• Climate Change
• Corporate Governance

Environmental Achievements

• Received approval for the revised AMDAL permit (Environmental Permit) for the BKM Project
• Commenced a three-year reforestation program over an area of 1,058 hectares
• Active nursery plantation program and revegetated disturbed areas

Social Achievements

• Implemented several wide-scale environmental initiatives through the Yayasan Tambuhak Sinta (YTS) foundation
• Provided PPE equipment and safe working practices to employees and contractors during the Covid-19 pandemic
• Provided support to frontline medical staff of local hospitals

Governance Achievements

• Appointment of Eva Armila Djauhari as Non-Executive Director
• Appointment of Andrew Neale as General Manager for the BKM Project
• Complied with all aspects of the QCA Code

Climate Goals & Targets

Environmental Challenges

• Government imposed lockdowns and extensive travel restrictions due to Covid-19 impacted operations and delayed work
• Termination of the Sale and Purchase Agreement with Aeternum Energy following material breach of performance obligations
• Securing remaining permits for the BKM Project

Mitigation Strategies

• Completed a private placement to raise gross proceeds of $14.0 million
• Secured PT Delta Dunia Makmur Tbk as a major shareholder and development partner for the BKM project
• Ongoing work to secure remaining permits

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Copper as a critical mineral input to decarbonisation, electrification and green technologies

Reporting Standards

Frameworks Used: QCA Code

Third-party Assurance: Crowe UK LLP

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Sustainable Development
• Circular Economy

Environmental Achievements

• Identified ample biomass feedstock for a biomass power station, reducing reliance on fossil fuels.

Social Achievements

• The biomass power station contributes to increased economic empowerment in the direct project area.

Governance Achievements

• Partnership model for biomass power plant operation and maintenance by a third party.

Climate Goals & Targets

Environmental Challenges

• Securing a consistent, sustainable power supply for the remote BKM Copper Project.

Mitigation Strategies

• Developing a biomass power station using locally sourced palm oil mill biomass.

Supply Chain Management

Responsible Procurement

• Sourcing biomass feedstock from palm oil mills within a 100km radius.

Climate-Related Risks & Opportunities