Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethical and transparent business conduct
• Climate change
• Safety and health
• Environmental management
• Water management
• Land and biodiversity management
• Community engagement and support
• Local community development and investment

Environmental Achievements

• Minimized land disturbance to <1 hectare
• Reduced groundwater usage to <0.5 m3 per meter drilled
• Implemented environmental management standards to minimize land disturbance and manage rehabilitation

Social Achievements

• Maintained strong relationships with host communities
• Provided water access and training to local communities
• Supported 25 students with university scholarships
• Contracted local sewing shop run by single mothers for project supplies
• Donated medical equipment and supplies to local hospitals
• Zero community grievances reported

Governance Achievements

• Established Safety, Health and Environment Committee
• Implemented Code of Conduct and Anti-Bribery and Corruption Policy
• 100% of employees educated in anti-bribery & corruption practices

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations
• Limited access to potable water in Mongolia

Mitigation Strategies

• Implemented risk-based supply chain management, isolation and quarantine systems
• Provided immunization support for workforce and families
• Developed a two-stage approach to mitigate COVID-19 risks, including vaccination program
• Commissioned drilling contractor to establish pollution ponds and bunds to prevent water spills
• Engaged communities on water management impacts

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Long-term supplier relationships with Mongolian companies

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, ICMM’s Sustainable Development Framework, UN Sustainable Development Goals

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

• Environment
• People
• Community
• Responsible Business

Environmental Achievements

• Connected the Kharmagtai project to the Mongolian southern electrical grid, reducing reliance on diesel-powered electricity and emissions.
• Installed a septic leech drains system for wastewater treatment at Kharmagtai.

Social Achievements

• Recorded zero lost-time injuries for the fourth consecutive year.
• Built a new, modern core processing facility at Kharmagtai to improve working conditions.
• Provided 28 scholarship grants to community members.

Governance Achievements

• No breaches of the Anti-bribery and Corruption Policy reported.

Climate Goals & Targets

Environmental Challenges

• Managing community concerns related to water and dust management.
• Ensuring ongoing compliance with environmental regulations as exploration activities expand.

Mitigation Strategies

• Employed a Community Relations Coordinator and established a hotline for community concerns.
• Employed an Environmental Coordinator to manage compliance activities and conduct environmental assessments.
• Completed a Detailed Environmental Impact Assessment (DEIA) and an Environmental and Social Impact Assessment (ESIA).

Supply Chain Management

Responsible Procurement

• Locally procuring goods and services where possible.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI (2021 Standards), ICMM 10 Mining Principles