Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental, Social, and Governance (ESG)

Environmental Achievements

• Finalised a clean Ord River hydro-electric power purchase agreement with Horizon, delivering material economic benefits to the project and a good ESG tick.

Social Achievements

• Secured a 178-room accommodation camp for the project, providing savings relative to a new camp or one lease financed.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Higher diesel prices and contractor rates increasing mining costs.

Mitigation Strategies

• Potential savings from the clean Ord River hydro-electric power purchase agreement with Horizon.

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

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Emissions Reduction

Environmental Achievements

• Heads of Agreement executed to supply cleaner and cheaper power for Sorby Hills Project, primarily sourced from Ord River hydroelectric plant.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 impact on Definitive Feasibility Study (DFS) delivery.

Mitigation Strategies

• Delayed DFS completion to incorporate contracted pricing and advanced design work for a more robust result.

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

Environmental Metrics

ESG Focus Areas

• Clean Energy
• Community Engagement
• Environmental Protection

Environmental Achievements

• Heads of Agreement executed with Horizon Power for a future Power Purchase Agreement, aiming to source +90% of power from the Ord River hydroelectric plant.
• Independent ESG status review against global environmental standards including the Equator Principles complete.

Social Achievements

• Naming Rights Sponsor of the Ord Valley Muster 2023 and beyond.
• Partnering with Teach Learn Grow (TLG) since 2021 in the delivery of their Rural Program.
• Heads of Agreement executed with the Shire of Wyndham and East Kimberley for a new accommodation facility in Kununurra.

Governance Achievements

• Engaged BurnVoir Corporate Finance to arrange project finance for the Sorby Hills Project.
• Engaged with Australian Government financing agencies, commercial banks, mining finance funds and offtakers to secure project financing.

Climate Goals & Targets

Environmental Challenges

• High initial capital expenditure
• Diesel power back-up assumed in the DFS
• Mining tenders received in 2022 during high inflation

Mitigation Strategies

• Tendered pricing for 75% of Capital Costs
• Project Optimisation Workstreams to improve economics
• Updated tenders for mining and bulk earthworks contracts
• Investigating an optimised power solution to reduce or remove the need for diesel power back-up

Supply Chain Management

Responsible Procurement

• Tendering process for key contracts

Climate-Related Risks & Opportunities

Opportunities

• Reduced reliance on diesel power

Reporting Standards

Frameworks Used: Equator Principles

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• Community Engagement

Environmental Achievements

• Secured grid power supply from Horizon Power — over 90% power supply will be obtained from renewable sources of energy from the Ord River Hydroelectric Power Plant.

Social Achievements

• BML has become the Naming Rights Sponsor of the Ord Valley Muster for 2023 and beyond.
• BML supports the local communities in a wide range of areas, it seeks to negotiate an agreement with the MG Corporation to provide employment, contracting opportunities and other benefits through the Sorby Hills project to Miriuwung and Gajerrong people.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Funding risk
• Project delays
• Commodity price risk

Mitigation Strategies

• Engaging with various lenders, including the Northern Australian Infrastructure Facility (NAIF), Export Finance Australia (EFA) and other domestic and international banks.
• 75% of the pre-production capital expenditure and direct mining costs are supported by current tendered pricing.
• Seeking partnerships for its non-core asset portfolio

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

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Updated tailings strategy with above-ground tailings disposal for the Life of Mine, as opposed to in-pit deposition.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing debt and equity funding for the project.
• Potential for supply chain disruptions.
• Potential delays in obtaining environmental approvals.

Mitigation Strategies

• Assessment of debt-carrying capacity demonstrates the project can support up to 60% gearing.
• Positive discussions with offtakers, anticipating awarding offtake in coming months.
• Proactive engagement with financiers and completion of project finance due diligence.

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