Tungsten Mining NL

Climate Impact & Sustainability Data (2023, 2024)

Completed a heritage survey northeast of the Mulgine Hill deposit in preparation for further exploration, working with traditional owners and identifying one Aboriginal heritage site.
Engaged Integrate Sustainability to help determine and navigate an approvals pathway, including defining upcoming seasonal flora and fauna surveys, engaging with DBCA and DMIRS, developing a strategy to maintain a sustainable acacia population, and engaging with stakeholders.

Engaged with the Badimia People through the Badimia Lands Aboriginal Corporation (BLAC) and Horizon Heritage for a heritage survey.

Operational risks including failure to locate mineral deposits, failure to achieve predicted grades, operational and technical difficulties, insufficient infrastructure, commissioning and operating plant difficulties, metallurgical problems, adverse weather, accidents, industrial disputes, and cost fluctuations.
Further capital requirements for project progression.
Native title and Aboriginal heritage considerations requiring consent from landowners.
Government regulations and approvals affecting mining, processing, development, export, taxation, and environmental issues.
Global economic conditions, interest and inflation rates, currency exchange rates, and geopolitical factors.

Risk management integrated into strategic and business plans, reviewed and monitored regularly by the Board. Further details in the Audit and Risk Committee Report.
Continuous monitoring of cash flows to manage liquidity risk.
Assessment of credit quality of institutions for deposits and investments.
Compliance with all applicable regulations when carrying out exploration work.

Frameworks Used: JORC Code 2012

failure to locate or identify mineral deposits
failure to achieve predicted grades in exploration and mining
operational and technical difficulties encountered in mining
failure to retain skilled personnel/labour
insufficient or unreliable infrastructure such as power, water and transport
difficulties in commissioning and operating plant and equipment
unanticipated metallurgical problems which may affect extraction costs
adverse weather conditions, industrial and environmental accidents, industrial disputes and unexpected shortages or increases in the costs of consumables, spare parts, plant and equipment
capital requirement and ability to attract future funding to finance the acquisition and exploitation of mining
change in commodity prices and market conditions
the impact of rising interest rates and inflationary impact
geological and technical risk posed to exploration and commercial exploitation success
environmental and occupational health and safety risks
government policy changes

The management of risks is integrated into the development of the Group’s strategic and business plans and is reviewed and monitored regularly by the Board.