Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• People
• Health and Safety
• Social and Community Development
• Cultural Governance
• Environment

Environmental Achievements

• Switched Segilola Mine power supply to compressed natural gas (CNG), reducing GHG by 53% compared to diesel generators.

Social Achievements

• Finalized 12 new and/or updated company policies.
• Established an independent and free whistleblower hotline.
• Progressed Segilola Gold Mine Project’s Greenhouse Gas (GHG) Procedure and Tool.
• Progressed social and community development parameters, including detailed costings for seed-funded livelihood restoration programs.
• Progressed community programs through funding from Community Development Agreements (CDAs), including road upgrades and construction of local market facilities.
• Exceeded local employment targets set within CDAs (~20% of Segilola’s site employment).

Governance Achievements

• Finalized 12 new and/or updated company policies.
• Established an independent and free whistleblower hotline.

Climate Goals & Targets

Environmental Challenges

• Global supply chain issues resulting in shortages and increased prices for essential consumables and supplies (ammonium nitrate, diesel, spare parts).
• COVID-19 pandemic impacting operations through restrictions on transportation, personnel mobility, quarantine periods, and border closures.

Mitigation Strategies

• Bulk purchase of most supply chain items.
• Maintaining rigorous health and safety protocols.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Health and Safety
• Environment
• Community Relations
• Workforce Diversity

Environmental Achievements

• GHG emissions (Scope 1) were at 10,478 CO2e for Q3 2023. Emissions for Q3 2023 are broadly in compliance and naturally occurring exceedances match those identified in the EIA baseline monitoring in 2008 – 12 years before the construction of the Segilola gold mine.
• Two weather stations installed on site providing real time weather data to inform mine planning and blasting activities.

Social Achievements

• Progressing livelihood restoration programmes for Project Affected Persons who lost land and/or assets in the Segilola mine footprint. Vegetable and fish farms completed.
• New Community Development Agreements signed with 2 of the 3 host communities.
• Compensation for exploration activity increased to $395,650.
• Employment on the Segilola project was 1,813 employees at the end of Q3 2023. Around 20% of the workforce is from the host communities around the site.

Governance Achievements

• Appointment of a Sustainability Officer to assist and drive sustainability reporting to international standards. The Sustainability Report for 2023 will align with most GRI standards with the aim of full compliance in 2024.

Climate Goals & Targets

Environmental Challenges

• Spike in lost time injuries (LTIs) in 2023.
• Lower than planned grade due to resequencing of access to higher-grade ore zones.
• Heavy rains in Oyo delaying drill results for the West Oyo Lithium project.

Mitigation Strategies

• Increased workplace inspections to redress LTIs.
• Improvement projects including leach tanks circuit upgrade, conversion of the elution circuit as well as an electrowinning upgrade to improve processing recovery and efficiency.
• Continued exploration despite weather delays.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Inclement weather conditions, floods, droughts, rockslides and earthquakes

Reporting Standards

Frameworks Used: GRI

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• People
• Environment
• Health and Safety
• Livelihood Restoration
• Social and Community

Environmental Achievements

• Zero recordable environmental incidents
• Monthly compliance environmental monitoring conducted
• Annual ecology study conducted for the Segilola Gold Project
• Developed and rolled out the SROL Greenhouse Gas Tool

Social Achievements

• 27% of total employees (1440) are employed from host communities
• Women make up 8.75% of the total workforce
• Fish farm commenced (45 PAPs allocated a fishpond)
• Vegetable farms commenced (40 PAPs allocated a plot)
• Women’s Initiative Programs (30 women annually awarded equipment and training)
• Infrastructure provision (33kV transformer and 40 electricity pylons provided)

Governance Achievements

• 13 Corporate Policies adopted by Board (including human rights, environment, community, procurement, human resources, whistle-blower, anti-bribery, diversity & business ethics)
• Independent whistleblower hotline in operation and in-house staff trained in monitoring and reporting findings
• Started ISO 45001:2018 Accreditation

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Corporate governance
• Health and safety
• Social and Community
• Environment

Environmental Achievements

• Zero recordable environmental incidents
• Monthly compliance environmental monitoring conducted
• Annual ecology study conducted for the Segilola Gold Project
• Developed and rolled out the SROL Greenhouse Gas Tool

Social Achievements

• $35 million spent on local procurement (2021)
• Continued rollout of Community Development Agreement (CDA) commitments including women’s initiatives, construction of public buildings, scholarships awarded to children from vulnerable households
• $1.5 million allocate to CDA initiatives over 5 year period
• 5,810 Training hours conducted
• Succession plan developed and implemented
• An additional $1 million allocated for CSR activities 2021 to 2026 – construction of local markets, upgrading local roads, constructing sports facilities, support for community festivals
• $2.6 million paid in compensation for loss of crops and land.
• Livelihood programmes being rolled out (2022 onwards) over 3 years – vegetable and fish farms, training, local procurement.
• Seed funding of $1 million from SROL to support self-sustaining enterprises

Governance Achievements

• Started ISO 45001:2018 Accreditation
• JSA and risk assessment done for all high-risk activities
• Independent whistleblower hotline in operation and in-house staff trained in monitoring and reporting findings
• 1,040 Toolbox Talks conducted
• Report and Audits successfully signed off for AIM London Stock Exchange Listing
• 13 Corporate Policies adopted by Board in 2022 including human rights, environment, community, procurement, human resources and updates to Whistle-Blower, Anti-Bribery, Diversity & Business Ethics Policies
• Continued delivery of lenders’ (Africa Finance Corporation) technical, financial and environment and social loan deliverables

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• $35 million spent on local procurement (2021)

Climate-Related Risks & Opportunities