Climate Change Data

Environmental Metrics

ESG Focus Areas

• Responsible exploration
• Environmental protection
• Community engagement
• Health and safety
• Corporate governance
• Climate change

Environmental Achievements

• Submitted Environmental and Social Impact Assessment (ESIA) in Q4 2022; awarded Environmental Clearance Certificate for Ongombo project on April 25, 2023.
• Exploration activities conducted in accordance with applicable environmental regulations; low demand for carbon fuels.

Social Achievements

• Commitment to engaging positively with local communities; encourages feedback.
• Favors employment for local people when recruiting.
• Introduced an inclusive share-option programme for employees and consultants.

Governance Achievements

• Developed and implemented policies and procedures for corporate governance and ethics.
• Anti-Bribery and Corruption policy and an Anti-Slavery policy in place.
• Share dealing policy regulating trading and confidentiality of inside information.

Climate Goals & Targets

Environmental Challenges

• Exploration risk: Projects may not result in economically recoverable minerals.
• Environmental and regulatory risks: Potential opposition to mining; stringent enforcement of laws and regulations.
• Financing: Requires significant capital investment; ability to raise funds depends on market conditions.
• Political, economic, and regulatory risks in operating jurisdictions outside the UK.
• Dependence on key personnel.

Mitigation Strategies

• Acquired rights to explore and earn interest in licenses.
• Vigorous application of international standards; engagement with local communities and organizations.
• Raising funds through equity capital or partnerships.
• Proactive engagement with governments.
• Incentivizing staff; succession planning; good management.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Requires all representatives and contractors to adhere to ESG principles.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Increased demand for copper due to green energy transition.

Reporting Standards

Frameworks Used: PDAC’s Framework for Responsible Exploration (e3 Plus)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social

Environmental Achievements

• Granted a 25-year Mining Licence subject to completion of an Environmental and Social Impact Assessment
• Conditional Environmental Clearance Certificate granted until 16 April 2026

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Need for further exploration to confirm historical results and improve confidence in resource estimates
• Potential for shallower pit slopes to reduce open pit mineral resource (due to lack of geotechnical studies)
• Social and environmental studies required to assess impact on local communities and environment

Mitigation Strategies

• Planned further exploration drilling in areas with only legacy data
• Recommended geotechnical survey for mine planning
• Social and environmental studies are planned

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: JORC Code 2012

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed