Climate Change Data

Environmental Metrics

Social Achievements

• Held community consultations and commenced preparations for mining license applications

Climate Goals & Targets

Environmental Challenges

• MRD requested supplemental geotechnical analysis of the proposed tailings area
• Changes in the MRD management staff over the past year have resulted in some procedural delays

Mitigation Strategies

• Supplemental geotechnical work is underway
• The Company has supplied all requested geological, environmental and land owner relationship information requested to ensure that the licenses are granted in a timely fashion

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Submitted Environmental Impact Assessment (EIA) for Tuvatu Gold Project and received approval from Fiji's Department of Environment.
• Complied with preparation and submission of all required environmental studies and documents; no environmental liabilities on the property.

Social Achievements

• Reached agreement with Fiji’s iTaukei Land Trust Board regarding terms of a 21-year Surface Lease for Tuvatu after extensive consultations with local communities and landowners.
• Employs 34 full and part-time employees in Fiji in addition to employees in Canada and Australia; committed to a safe, productive, and healthy work environment and upholding human rights.

Governance Achievements

• Appointment of Mr. Kevin Puil to the board of directors.
• Resignation of Mr. David Duval from the board of directors.

Climate Goals & Targets

Environmental Challenges

• Intense competition in the mining industry for acquiring properties, hiring professionals, and securing capital funding.
• Environmental regulations and potential liabilities associated with mining operations.
• Government regulation of mining operations and obtaining necessary permits and licenses.
• Potential challenges to title of mineral properties.
• Operational risks inherent in mining, including geological formations, seismic activity, and other hazards.
• Fluctuations in currency exchange rates impacting exploration and development costs.
• Fluctuating metal prices affecting profitability.
• Limited operating history and potential for continued losses.
• Reliance on key personnel and the need for additional financing.
• Potential for legal claims and difficulties in enforcing judgments in foreign jurisdictions.
• Environmental risks and lack of comprehensive insurance coverage.

Mitigation Strategies

• Proactive engagement with the Government of Fiji and regulatory departments to ensure compliance.
• Diligent investigation of title to mineral properties and obtaining title opinions.
• Implementation of health, safety, and environmental policies and procedures.
• Collaboration with Fijian stakeholders to secure permits.
• Review of processing plant choices and planning for construction.
• Ongoing mapping and sampling to confirm gold distribution and controls.
• Engagement of consultants to review existing work and complete additional studies.
• Retention of earnings and cash resources for business operation and development.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: NI 43-101

Environmental Metrics

ESG Focus Areas

• Responsible Sourcing
• Environmental Sustainability
• Ethical Business Conduct
• Human Rights
• Health and Safety

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Code of Conduct
• Supplier Sustainability Requirements
• Due Diligence Processes

Climate-Related Risks & Opportunities