Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Mercury contamination at the Tobin Creek mill site.
• Need to remove old lead-acid batteries and ferrous scrap.

Mitigation Strategies

• Plans to mitigate mercury contamination (not fully implemented).
• Plans to remove lead-acid batteries and ferrous scrap (partially implemented).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Initiated environmental clean-up: cleaned up camp site at Big Squaw Creek, shipped out one ton old batteries, cleaned up airstrip camps, recycled 100 old oil drums for on-site use, removed unused cyanide from mill, began junk removal from Tobin Camp.

Climate Goals & Targets

Environmental Challenges

• Poor weather conditions hampered productivity, particularly the drill program.
• Mechanical breakdowns and a lost drill string set back drilling.
• Wet conditions caused high slopes to fail, requiring road rebuilding.
• Impassable mud on the road required additional repair.

Mitigation Strategies

• Heavy equipment was used to open and repair roads.
• Anti-freeze was injected into drill holes (with limited success).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Environmental Achievements

• Completed reclamation on claims to remove a mine road and tailings from a wetlands area, to the satisfaction of the Army Corps of Engineers.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Weak financial markets impacting exploration activities.
• Limited cash to fund operations and debt obligations.
• No proven or probable reserves on Chandalar property.
• Limited history of commercial production.
• Risks inherent in surface mining (accidents, labor issues, environmental issues, etc.).
• Dependence on a single property (Chandalar).
• Climate and location restricting exploration and production.
• Uncertainty in mineralized material estimates.
• Potential for increased costs.
• Shortage of equipment and supplies.
• Fluctuations in gold prices.
• Potential title defects on properties.
• Government regulation.
• Environmental laws and regulations.
• Land reclamation requirements.
• Competition from larger, better-capitalized companies.
• Dependence on key personnel.
• Potential conflicts of interest with directors and officers.

Mitigation Strategies

• Developed a joint venture with NyacAU to mine placer deposits (funding provided by NyacAU).
• Raised capital through equity and debt financings, and sale of a portion of future cash flows from the joint venture.
• Renegotiated terms on notes payable in gold to avoid default.
• Completed reclamation work.
• Intends to list shares on a Canadian stock exchange to improve access to capital.
• Focus on exploration of hard-rock targets as funds become available.

Supply Chain Management

Supplier Audits: Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Climate and location restricting exploration and production

Transition Risks

• Future legislation regarding climate change

Reporting Standards

Frameworks Used: SEC Industry Guide 7

Third-party Assurance: Not disclosed