Climate Change Data

Environmental Metrics

Environmental Challenges

• Foreign exchange risk due to holding cash in British Pounds Sterling, operating in US Dollars and Brazilian Reais, and reporting in US Dollars.
• Liquidity risk in ensuring sufficient liquidity to meet foreseeable needs.
• Regulatory decisions and changes in the regulatory environment in Brazil.
• Emerging market footprint presenting exposure to unpredictable economic, political, regulatory, tax and legal risks in Brazil.

Mitigation Strategies

• Monitoring exchange rate movements and assessing their impact on operations.
• Managing financial risk by ensuring sufficient liquidity and investing cash assets safely and profitably.
• Monitoring changes to the regulatory landscape and ensuring compliance with all necessary requirements.
• Closely monitoring economic and currency situations and developing business continuity plans to respond to economic crises.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Sustainability

Environmental Achievements

• Increased investment in Fodere Titanium Limited, a company focused on sustainable titanium dioxide and vanadium production from waste materials.

Social Achievements

• Engaged with communities in the areas where they operate.
• Integrated HSE policies into all agreements with contractors.

Governance Achievements

• Adherence to Brazilian state regulations and AIM reporting obligations.
• Annual audit of Company processes and financial risks.

Climate Goals & Targets

Environmental Challenges

• Political, economic, and other uncertainties in Brazil.
• Currency exchange rate fluctuations.
• Project capital cost performance.
• Permitting and licensing challenges.
• Operational risks associated with drilling programs.
• Global pandemic impacts.
• HSE risks associated with operations.
• Dependence on key executives and personnel.

Mitigation Strategies

• Business continuity plan to respond to economic crises.
• Negotiating fixed pricing for services and obtaining quotations from multiple suppliers.
• Complying with licensing and permitting requirements.
• Experienced technical team with local knowledge.
• Measures to mitigate pandemic impacts (postponement of capital expenditure, cost reductions).
• Contractors responsible for HSE requirements.
• Strengthened technical team with experienced senior appointments.
• Executive directors have notice periods.

Supply Chain Management

Responsible Procurement

• Ensuring contractors are properly qualified and aware of HSE and regulatory frameworks.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

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: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed