LORD RESOURCES LIMITED ACN 107 385 884
Climate Impact & Sustainability Data (2020-06 to 2021-06, 2022)
Reporting Period: 2020-06 to 2021-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Climate change risks including new regulations for lower-carbon economy, market changes related to climate change mitigation, increased severity of weather patterns, extreme weather events, and shifting climate patterns.
- COVID-19 impacting global economic markets and causing economic uncertainty.
- Exploration costs may materially differ from estimates.
- Insufficient data to provide certainty over the extent of mineralisation.
- Need for various approvals, licenses, and permits before mining.
- Risks associated with mine development including geological conditions, approvals, weather, technical difficulties, funding, and contracting.
- Environmental impacts and compliance risks.
- Regulatory compliance risks.
- Failure to satisfy expenditure commitments.
- Reliance on key personnel.
- General economic conditions, tax reform, legislation, interest and inflation rates, and currency exchange rates.
- Competition risk.
- Currently no public market for the Company’s Shares.
- Market conditions affecting share value.
- Commodity price volatility and exchange rate risks.
- Government policy changes.
- Insurance may not provide adequate cover.
- Force majeure events.
- Taxation implications.
- Litigation risks.
Mitigation Strategies
- Careful planning and risk control measures.
- Monitoring the COVID-19 situation.
- Intention to conduct activities to the highest standard of environmental obligation, including compliance with all environmental laws.
- Intention to insure its operations in accordance with industry practice.
- Additional equity or debt financing may be required.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of weather patterns
- Extreme weather events
- Shifting climate patterns
Transition Risks
- New or expanded regulations associated with transitioning to a lower-carbon economy
- Market changes related to climate change mitigation
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Climate risk (new regulations, extreme weather events)
- COVID-19 impact on global markets
- Ukraine conflict impact on global economies
- Native title and Aboriginal heritage issues
- Environmental risks associated with mining operations
- Regulatory compliance risks
- Commodity price volatility and exchange rate risks
- Government policy changes
- Insurance limitations
- Force Majeure events
- Litigation risks
Mitigation Strategies
- Monitoring climate change impacts and regulations
- Monitoring COVID-19 situation and its impact
- Monitoring Ukraine conflict and its macroeconomic impacts
- Close monitoring of native title claims and Aboriginal heritage matters
- Conducting activities to the highest standard of environmental obligation
- Intending to insure its operations in accordance with industry practice
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of weather patterns
- Extreme weather events
- Shifting climate patterns
Transition Risks
- New or expanded regulations
- Market changes related to climate change mitigation