Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Community and Stakeholder Consultation

Social Achievements

• Ongoing consultation and stakeholder engagement is recommended during exploration and all subsequent phases of the project.

Climate Goals & Targets

Environmental Challenges

• Potential Issues for Property Development: Special Status Species-caribou, beluga whale, muskox. Tailing disposal-use of natural water bodies should be avoided.
• Very little of the historic drill core has survived in a usable state and the methods used for drill core sampling, preparation and analyses cannot be confirmed as being compliant with current industry standards.

Mitigation Strategies

• Micon recommends that PACIFIC HARBOUR assess and remediate any historic exploration sites within its control in consultation with the surrounding communities to benefit from the lessons learned and relationships forged during the aforementioned multi-stakeholder process.
• Micon recommends that a two phase exploration drilling program be conducted to develop an inferred resource in the Hopes Advance area of the Ungava Iron property.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Community Relations

Social Achievements

• Ratification of a Letter of Intent (LOI) in August 2011 to collaborate with the Makivik Corporation and the Nunavik Landholding Corporation of Aupaluk, focusing on clear communication, respect for local culture, stakeholder consultation, economic development, safety, environmental care, and sustainable project development.
• Participation in the cleaning of petroleum hydrocarbon contaminated abandoned mining exploration sites near Aupaluk.

Climate Goals & Targets

Environmental Challenges

• Potential effects on the Inuit community due to proximity to the project.
• Presence of species at risk and valued indigenous species in the region.
• Need for new infrastructure (port and power plant).
• Potential for changes in coastal processes due to port construction.
• Potential for significant greenhouse gas emissions from a fossil fuel power plant.

Mitigation Strategies

• Consultation and engagement with the Inuit community throughout all project phases.
• Negotiation of an agreement with the Inuit village of Aupaluk covering training, employment, business opportunities, and environmental management.
• Careful planning of infrastructure location and design to minimize impacts on traditional Inuit activities and species at risk.
• Consideration of alternative energy sources (e.g., hydroelectricity) to reduce GHG emissions.
• Mitigation measures for waste management, water quality, noise, and vibrations.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Environmental Challenges

• Potential contamination of soil and water from accidental spills.
• Effects on surface water quality and availability from water runoff modification, increased suspended matter, erosion, and effluent contamination.
• Hydrodynamic changes in Hopes Advance Bay from vessel traffic.
• Air quality impacts from dust and contaminants.
• Noise and vibration from operations.
• Effects on vegetation and wetlands from infrastructure development.
• Impacts on fish habitats and populations from infrastructure, effluents, drainage, and erosion.
• Effects on terrestrial and avian fauna from habitat loss, infrastructure, worker presence, noise, and vibrations.
• Impacts on marine mammals from port construction and vessel traffic.
• Changes in traditional hunting, fishing, trapping, and gathering activities.
• Social inequity and potential rise in drug and alcohol consumption.
• Potential loss of qualified employees to the mine.

Mitigation Strategies

• Consultation with Inuit to gain traditional knowledge and maximize their participation.
• ESIA report to include measures for social acceptability.
• Discussions with Inuit on potential reuse of facilities/infrastructures.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Permitting
• Process and Product Optimization
• Product Marketability
• Shipping Optimization
• Community Engagement
• Greenhouse Gas Emissions
• Tailings and Water Management
• Dust Generation and Management

Environmental Achievements

• Modified process flowsheet aimed at reducing power requirements and improving the project’s carbon footprint associated with mineral processing.
• Seasonal shipping to reduce the cost of port infrastructure and avoid the transhipment of concentrate during the winter months.

Social Achievements

• Continued efforts in engaging the community and stakeholders to actively promote the Project.
• Inuit community involvement and information sharing.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Metallurgical performance may not be met, impacting financial performance.
• Tailings and water management require further study.
• Risk of tailings dam failure.
• Seasonal impact could limit reclaimed water availability.
• Environmental permitting delays or cost overruns.
• Impact of new regulations on schedule, CAPEX, and OPEX.
• Impact of logistics and transport on project costs.
• Cargo liquefaction risk.
• Dust generation and management.
• Construction affected by seasonal conditions.
• Potential for concentrate freezing during winter transport and storage.
• Archeological features near proposed stockpile location.

Mitigation Strategies

• Further analysis of metallurgical testwork data by deposit and lithology.
• More detailed mineralogical analysis on core samples.
• Incorporate lithologies into the geological block model.
• Update mineral resource estimate with current economic parameters.
• Include overburden bedrock contact in the block model.
• Variability testwork (SPI) on drill cores.
• Further HPGR testwork.
• Testwork for regrind design using cobber tail samples.
• Trade-off studies to evaluate alternative gravity concentration circuits.
• Options study to evaluate tailings dewatering, TMF design, and footprint reduction.
• More detailed seasonal water study.
• Review and mitigation strategies for archeological features.
• Develop conceptual dust control strategies.
• Assess impact of cold temperature on material handling.
• Testwork to determine transportable moisture limit (TML).
• Geotechnical investigations to confirm soil/seabed conditions.
• Explore complementary power generation systems (wind, hydro, tidal).
• Establish a basis of the construction plan early.
• Detailed market analysis specific to the HA product.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Permafrost evolution
• Extreme weather

Transition Risks

• Regulatory changes related to GHG emissions

Opportunities

• Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: NI 43-101

Certifications: ISO 9001:2008 (ALS Chemex, AGAT Laboratories), ISO/IEC 17025 (SGS)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• High-purity iron concentrate

Awards & Recognition

• Not disclosed