Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Additional Funding Requirements: Further development and exploration depend on obtaining financing.
• Uncertainties Related to Mineral Resource Estimates: Uncertainty in calculating mineral resources and grades.
• Commodity Prices and Marketability: Intense competition and unpredictable market fluctuations.
• Currency Risk: Fluctuations in exchange rates affect cash flows and operating results.
• Foreign Operations Risk: Risks associated with operating in Botswana (environmental, political, etc.).
• Mineral Exploration and Development: High-risk nature of mineral exploration and development.
• Title Matters: Changes in mining laws could affect title to interests.
• Infrastructure: Exploration depends on adequate infrastructure.
• Uninsured Risks: Risks of environmental hazards, accidents, labor disputes, etc.
• Key Personnel: Dependence on a small number of key employees.

Mitigation Strategies

• Management is pursuing various financing alternatives to fund operations and advance its business plan.
• The Company may determine to reduce the level of activity and expenditures further, or divest of certain mineral property assets, to preserve working capital and alleviate any going concern risk.
• The Company maintains insurance against certain risks that are associated with its business in amounts that it believes to be reasonable at the current stage of operations.
• The Company has evaluated title to all of its mineral properties and believes, to the best of its knowledge, that evidence of title is adequate and acceptable given the current stage of exploration.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Crowe MacKay LLP

Environmental Metrics

ESG Focus Areas

• Responsible sourcing
• GHG emissions
• Social
• Governance
• Environmental

Environmental Achievements

• Developed additional requirements on responsible sourcing and GHG emissions in Principle 3 and Principle 10 respectively.

Social Achievements

• Improved requirements for worker health and safety, labor rights, and stakeholder engagement.

Governance Achievements

• Established a multi-stakeholder process for standard development and review.

Climate Goals & Targets

Environmental Challenges

• Complexity of multi-tier and multi-material supplier networks
• Lack of comparable programs for scrap collection and processing
• ESG challenges in scrap supply chains (hazardous working conditions, labor exploitation, pollution).

Mitigation Strategies

• Defined 4 levels of ESG performance expectations for responsible sourcing.
• Developed separate requirements for scrap sourcing.
• Established 'Principles for the Responsible Management of Scrap' to guide good practices.
• Implemented a 12-month test phase for certain requirements.

Supply Chain Management

Responsible Procurement

• Code of conduct for suppliers
• Supplier sustainability requirements
• Chain of custody requirements

Climate-Related Risks & Opportunities

Opportunities

• Increased use of scrap steel to reduce emissions

Reporting Standards

Frameworks Used: GRI, ISO 14001, ISO 45001, TCFD, ILO, OECD, UN Guiding Principles on Business and Human Rights, AWS, FSC, IRMA, ISO 14064-3, ISO 14067, PAS 2050, GHG Protocol

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation and infrastructure)
• Goal 12 (Responsible consumption and production)
• Goal 13 (Climate action)

The ResponsibleSteel Standard supports the responsible sourcing and production of steel, contributing to these SDGs.