Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental

Environmental Achievements

• Established eight automated hydrometric stations for baseline hydrological monitoring.

Climate Goals & Targets

Environmental Challenges

• Two hydrometric stations (Sc-1 and Hctr-1) were damaged during high flow events.
• Limited data for Mess-1 and Sc-1 stations due to safety concerns and challenging hydraulic conditions.

Mitigation Strategies

• Plan to re-activate all existing hydrometric stations in 2007 and add one more.
• Plan to improve stage-discharge rating curves with additional data in 2007.
• Recommendation to investigate a glacial monitoring program in 2007.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• Engaged in numerous agreements with the Tahltan Central Council (TCC), including a Communications Agreement, Traditional Knowledge Agreement, Letter of Understanding with the Tahltan Nation Development Corporation (TNDC), and a THREAT Agreement.

Climate Goals & Targets

Environmental Challenges

• Elevated levels of arsenic and copper at Site 81 (glaciofluvial site located by the access road).
• Elevated levels of arsenic, antimony, zinc, chromium, copper, nickel and selenium at Site 84 (alpine site east of the access road).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Biodiversity
• Wildlife Management

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Decline in moose population from 314 in 2006 to 112 in 2012.
• Low moose productivity (4 calves per 100 cows in 2012 vs 31 in 2006).
• High wolf density (19.6/1000 km2), exceeding the sustainable rate (4/1000 km2).

Mitigation Strategies

• Conducting surveys to monitor moose population and distribution.
• Identifying factors influencing moose population (predation, habitat, weather).
• Developing a monitoring and mitigation plan to address the decline.

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

• SDG 15: Life on Land

The report focuses on the conservation of moose, a terrestrial species, and its habitat.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• The Company engages with the local communities and stakeholders in the early stage of a project to discuss issues important to these communities gain local knowledge and participate preserving the local cultures and customs.

Social Achievements

• Copper Fox strives to earn its social license with local and Indigenous communities by meeting with stakeholders, regulators, and other concerned parties before, and during, exploration work to understand traditional and cultural issues important to these communities. Copper Fox’s approach is based on transparency, open communication, inclusivity, and respect, to better enable social and economic benefit for communities as well as value for investors.

Governance Achievements

• The board maintains robust corporate governance practices to ensure shareholders, employees, regulatory agencies, and other stakeholders will have confidence and trust in the Company.

Climate Goals & Targets

Environmental Challenges

• The recent social and geopolitical unrest in several copper producing countries in Central and South America is expected to continue to disrupt the global copper supply chain. Other factors impacting global copper supply include; declining head grades, water issues, and a low inventory of large, advanced stage copper projects in the exploration and development pipeline.

Mitigation Strategies

• Not disclosed

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

• environmental, social and governance (ESG)

Environmental Achievements

• Reduced carbon intensity through in-situ copper recovery (ISCR) at Van Dyke project
• Lower water consumption at Van Dyke project
• Lower greenhouse gas emissions at Van Dyke project
• Initiated monthly environmental monitoring at Schaft Creek project
• Wildlife, aquatic, fish and archeological studies completed at Schaft Creek project

Social Achievements

• Cultural/social engagement with Tahltan Nation at Schaft Creek project
• Safer working environment at Van Dyke project due to ISCR method

Governance Achievements

• Strong environmental, social and governance (ESG) philosophy; key components to responsible mineral exploration and development
• Experienced Operator (Teck Resources Limited) at Schaft Creek project mitigates project risk

Climate Goals & Targets

Environmental Challenges

• Uncertainties related to raising sufficient financing
• Changes in planned work resulting from logistical, technical or other factors
• Possibility that results of work will not fulfill projections/expectations
• Possibility of environmental issues
• Possibility of cost overruns or unanticipated expenses

Mitigation Strategies

• Experienced Operator (Teck Resources Limited) at Schaft Creek project mitigates project risk
• Mineral solubility/geotechnical studies at Van Dyke to better predict future copper recovery/production and ground support
• Drillhole rehabilitation at Van Dyke to initiate hydrogeological monitoring
• 9,000m of geotechnical drilling at Schaft Creek for pit slope stability and hydrogeological studies
• Metallurgical testwork at Schaft Creek to improve metal recoveries

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implementation of a 2-year, monthly sampling, and environmental baseline field campaign at Schaft Creek to reduce greenhouse gas emissions; Archaeology Impact Assessment and cultural heritage work in collaboration with the Tahltan Nation at Schaft Creek.
• Significant contribution toward the restoration of the Keystone Stairs, a historic landmark in Miami, Arizona.

Social Achievements

• Meetings with local communities and First Nations within a 40-mile radius of the Van Dyke project; ongoing community engagement with the Tahltan Nation at Schaft Creek.
• Appointment of Lynn Ball as vice-president of corporate affairs to lead and execute a strategy to build long-term environmental and social stewardship policies, management of corporate reporting requirements and ESG communications.

Governance Achievements

• Internal evaluation identifying potential opportunities to optimize the corporate structure of its mineral properties.

Climate Goals & Targets

Environmental Challenges

• Slower than expected drilling progress at Schaft Creek due to abnormally poor ground conditions.
• Lower head grades, availability of water, supply disruption due to weather events, and social unrest impacting the copper industry.

Mitigation Strategies

• External review of currently envisaged construction timeline and offsite infrastructure costs to reduce initial development costs and payback period at Schaft Creek.
• Collection of geotechnical data in key areas identified during a gap analysis, including the proposed pit highwall, which aim to improve the pit design and life of mine strip ratio to reduce operating costs and associated greenhouse gas emissions at Schaft Creek.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• environmental
• social
• governance

Environmental Achievements

• Lower water consumption at Van Dyke project due to in-situ copper recovery (ISCR)
• Lower greenhouse gas emissions at Van Dyke project due to ISCR
• Implementation of an environmental baseline data collection program at Schaft Creek

Social Achievements

• Continued stakeholder engagement within 40-mile radius around Miami, AZ including the Miami, Globe and Superior Town Councils and the San Carlos Apache Tribe at Van Dyke project
• Collaboration with the Tahltan Nation at Schaft Creek

Governance Achievements

• Strong environmental, social and governance (ESG) philosophy; key components to responsible mineral exploration and development

Climate Goals & Targets

Environmental Challenges

• Potential operating issues at Van Dyke project
• Need to obtain permits and comply with environmental laws and regulations at Schaft Creek and Van Dyke projects
• Uncertainties related to raising sufficient financing

Mitigation Strategies

• Mitigation of potential operating issues at Van Dyke through geotechnical assessment, hydrogeological monitoring and hydrogeology characterization
• Advancing key project parameters to transition the Schaft Creek project from Scoping to PFS stage
• Experienced operator (Teck Resources Limited) at Schaft Creek mitigates risk

Supply Chain Management

Climate-Related Risks & Opportunities