Auking Mining Limited
Climate Impact & Sustainability Data (2021, 2022, 2022-07-01 to 2022-09-30, 2023, 2023-03-31, 2023-09-30, 2024-03-31)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Governance Achievements
- Adopted the World Economic Forum’s ESG framework and instructed management to set up an impact measurement plan for each sustainability area.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum’s ESG framework
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Adopted the World Economic Forum’s “Environment, Social and Governance” (“ESG”) framework and instructed management to set up an impact measurement plan for each sustainability area.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Exploration and Evaluation Risks: The future value of the Company will depend on its ability to find and develop sufficient resources that are economically recoverable within the Koongie Park and Tanzanian tenure portfolios. Mineral exploration and development is inherently highly speculative and involves a significant degree of risk.
- Tenure Risks: The Company’s future exploration and development activities are dependent upon the grant, or as the case may be, the maintenance of appropriate licences, concessions, leases, permits and regulatory consents which may be withdrawn or made subject to limitations.
- Access Risks: There are various restrictions operating to exclude, limit or impose conditions upon the Company’s ability to conduct activities on parts of the tenements that the Company will hold an interest in.
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: World Economic Forum’s ESG framework
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022-07-01 to 2022-09-30
Environmental Metrics
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Social Achievements
- Appointment of Anna Nahajski-Staples as Independent Non-Executive Chair
Governance Achievements
- Appointment of Anna Nahajski-Staples as Independent Non-Executive Chair
- Appointment of Asimwe Kabunga as Non-Executive Co-Chair
Climate Goals & Targets
Environmental Challenges
- High demand for exploration contractors and geological personnel in the WA resources sector, resulting in high costs.
- Remoteness of Halls Creek adding to exploration costs.
- Increased expenditure due to a more aggressive exploration approach following additional funding.
Mitigation Strategies
- Successful Commonwealth R&D refund of $556,911
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum’s ESG framework
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Climate Goals & Targets
Medium-term Goals:
- Take steps to re-secure the two revoked Manyoni licenses and carry out planned drilling and metallurgical testwork.
- Initial site surveying, mapping, soil sampling, and shallow auger drilling at Mpanda/Karema.
Short-term Goals:
- Identify suitable funding structures to pursue further drilling and related exploration at Koongie Park, focusing on the region north of the Sandiego deposit.
- Secure funding for further metallurgical testwork at the Onedin deposit.
- Extensive Stage 2 drilling program at Mkuju to identify uranium mineralization and basis for initial mineral resource estimation.
Environmental Challenges
- Securing funding for future exploration activities and meeting corporate expenditure.
- Mechanical breakdowns of drilling equipment in Tanzania.
- Revocation of two prospecting licenses in Manyoni, Tanzania (appealed).
Mitigation Strategies
- Share placements to raise capital.
- Discussions to obtain short-term funding.
- Considering the issue of a convertible note and/or obtaining loan funding.
- Ongoing appeal process for revoked licenses.
- Planning to use a track-mounted air core/RC drilling rig for future drilling at Mkuju.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum’s ESG framework
Reporting Period: 2023-03-31
Environmental Metrics
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Governance Achievements
- Engaged Socialsuite for ESG reporting
Climate Goals & Targets
Environmental Challenges
- Ongoing rain in northern Western Australia and limited access due to highway closure hampered Koongie Park activities.
- Significant rainfall in Tanzania hampered exploration activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum’s ESG framework
Reporting Period: 2023-09-30
Environmental Metrics
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Climate Goals & Targets
Environmental Challenges
- Persistent technical issues associated with the auger rig at the Mkuju project delayed the planned drilling program.
- Revocation of Manyoni Licences (PLs 12193 and 12194) by the Tanzanian Mining Commission, currently under appeal.
Mitigation Strategies
- Arrangements made to mobilise a drilling rig capable of drilling deeper holes (>150m) at Mkuju by early November 2023.
- Filed an appeal to the Tanzanian Minister of Mining regarding the revocation of Manyoni licences.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum’s ESG framework
Reporting Period: 2024-03-31
Environmental Metrics
ESG Focus Areas
- governance
- anti-corruption practices
- ethical behaviour
- health and safety
- GHG emissions
- land use
- ecological sensitivity
- water consumption
- diversity and inclusion
- pay equality
- economic contribution
Social Achievements
- Launched AuKing Interactive Investor Hub to better inform and engage with investors and stakeholders.
Governance Achievements
- Held an extraordinary general meeting of shareholders to approve share issues and options.
Climate Goals & Targets
Environmental Challenges
- Revocation of Manyoni licences by the Tanzanian Mining Commission.
- Limited exploration activities during the March quarter due to the wet season.
Mitigation Strategies
- Lodged an appeal to the Minister of Minerals regarding the licence revocation.
- Engaged with relevant stakeholders to resolve the matter amicably.
- Planned Stage 2 drilling program at Mkuju for late May/early June after the wet season.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: World Economic Forum’s ESG framework