Sirios Resources Inc.
Climate Impact & Sustainability Data (2022, 2024)
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Long-term Goals:
- Implement a geotechnical field program to complement existing information.
Medium-term Goals:
- Conversion drilling should be done on the remaining inferred resources at a drill spacing of about 50 m, or smaller, to further delineate the geological and resources model and to potentially upgrade the remaining Inferred resources to the Indicated category. Approximately 10,000 m would be required.
- A bulk sample is recommended on the Project in order to improve the understanding of the grade distribution for further mineral resource estimate updates.
Short-term Goals:
- Complete additional metallurgical testwork
- Complete an exploration drilling program (20,000 m)
- Complete a Preliminary Economic Assessment (PEA) report
Environmental Challenges
- The interpreted mineralized zones could be affected by some structures (faults or folds) that could displace or stop the mineralized zones.
- Presence of a nugget effect in the gold distribution of the deposit could lead to local variability within the mineralized zones.
- The mineralized corridors might have slightly different shapes and orientations due to the complex geometry of the deposit.
Mitigation Strategies
- Definition drilling and eventually Grade Control will improve the confidence in the interpretation.
- A bulk sample could provide a better understanding of the nugget effect on this Project.
- Definition drilling and eventually Grade Control will help define with more precision the mineralized zones.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: NI 43-101, CIM
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Successfully completed validation tests of the PhotonAssayTM analysis method, reducing environmental impact and analysis times.
Social Achievements
- Engaged with host communities and other affected and interested parties during exploration activities, based on respect, inclusion and meaningful participation.
- Received UL ECOLOGO® Certification for Mineral Exploration Companies in March 2022.
Governance Achievements
- Adopted the eight principles of E3 Plus, a framework for responsible exploration established by the PDAC.
- Board of Directors signed a resolution in 2012 committing to sustainable governance, including responsible management, open dialogue, health and safety, environmental protection, and socio-economic benefits.
Climate Goals & Targets
Environmental Challenges
- Budgetary priorities temporarily suspended tungsten testing in Q3 2024.
- The current economic climate requires larger efforts than before to obtain funds from investors.
Mitigation Strategies
- Management continually controls very strictly its general and administrative expenses.
- Successfully raised additional funds through private placements.
Supply Chain Management
Responsible Procurement
- Sirios asks its consultants and suppliers to respect the eight principles of E3 Plus.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: E3 Plus
Certifications: UL ECOLOGO® Certification for Mineral Exploration Companies