Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Engagement
• Social Responsibility
• Environmental Responsibility
• Health and Safety
• Governance

Environmental Achievements

• Strategically planned drillhole collar positions to avoid sensitive areas
• Utilized mobile sumps in diamond drilling, eliminating topsoil removal and mitigating seepage
• Purchased bulk raw water for drilling from a licensed body, not an adjacent river system
• Effectively recycled water through the sump system for continued drilling

Social Achievements

• Prioritized community representation at the JSE listing event (half of guest allocation)
• Secured and renovated the Khomanani Centre as an exploration office base
• Erected outdoor notice boards to display official notices
• Hosted a site public participation meeting with local service providers
• Sponsored a traditional community meal
• Provided preferential employment to community members (seven positions identified)
• Implemented preferential sourcing of services from community-based providers
• Established a tender committee with community representation
• Awarded tenders to local enterprises for security fence and electrical infrastructure

Governance Achievements

• Developed and approved key policies based on best practice (available on company website)
• Maintained transparency through formal disclosures to stakeholders
• Practiced active and continuous shareholder engagement and inclusion
• Conducted exploration in compliance with regulations and permits
• Completed a specialist cultural heritage study
• Submitted annual activity reports and prospecting fees
• Received a permit for disposal of drill-sourced mud

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Preferential sourcing of services from community-based providers
• Tender process for procuring goods and services from the community

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

Environmental Metrics

ESG Focus Areas

• Community Engagement
• Environmental Responsibility
• Health and Safety
• Governance

Environmental Achievements

• Bulk raw water for the Bengwenyama project is purchased from the licenced Lebalelo Water User Association for drilling activities, drawn from an established nearby pipeline connection point and not from an adjacent river system.
• Drilling mud is disposed of at the licenced facility Malogeng Landfill Site.
• Rehabilitation of the drill pad and drilling site is undertaken immediately in accordance with the environmental management plan.

Social Achievements

• Renovations of the Khomanani Centre completed, including infrastructure upgrading and power reconnection. Service providers were preferentially sourced from the local community.
• Preferential employment for the exploration project given to community members. Positions filled by resident community members include project site manager, geologist, core-yard assistants, gardener, and cleaner.
• Initiated planning for a Social Upliftment Development Plan to empower the broader community and uplift the quality of life.
• Launched a Facebook page and newsletter to share updates with the community.

Governance Achievements

• Exploration activities conducted in compliance with all regulations, including the South African Mine Health and Safety Act (29 of 1996).
• Annual activities reports submitted to the South African Department of Mineral Resources and Energy (DMRE).
• Compliance with governing laws and regulations in Australia and South Africa.

Climate Goals & Targets

Environmental Challenges

• Exploration and development risks (geological conditions, operational difficulties, accidents, regulatory changes).
• Resource and reserve estimates risk (changes in estimates affecting development and production plans).
• Tenure and title risk (potential delays or non-approval of permits).
• Future funding needs.
• Reliance on key personnel and relationship with Minxcon.
• Sovereign risk (South Africa).
• Commodity price and exchange rate fluctuations.
• Cyber security risks.
• Climate change regulations and costs.

Mitigation Strategies

• Employment of competent personnel and reputable consultants.
• Extensive technical analysis and planning.
• Tenure management processes and standard operating procedures.
• Regular engagement with the DMRE.
• Annual capital and operating budgeting processes approved by the Board.
• Appropriate market rates of remuneration and incentives.
• Strong partnership with local community members and maintaining a working rapport with key local and government representatives.
• Robust storage and backup systems.
• Incorporating climate change risks and opportunities into Company policy, strategy, and risk management.
• Exploring energy alternatives and developing a formal rehabilitation strategy.

Supply Chain Management

Responsible Procurement

• Preferential sourcing of service providers from the local community through a fair tender process.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Community Engagement
• Environmental Responsibility
• Health and Safety
• Governance

Environmental Achievements

• Completed and submitted Environmental Impact Assessment in support of Mining Right Application.
• Implemented environmental management program for exploration activities.
• Purchased bulk raw water from licensed Lebalelo Water User Association, avoiding adjacent river systems.
• Utilized mobile water sumps for water recycling during drilling.
• Disposed of drilling mud at licensed Malogeng Landfill Site.
• Undertook carbon neutral energy study exploring renewable energy sources.

Social Achievements

• Longstanding relationship with Bengwenyama Community, established over 18 years ago.
• Preferential procurement of skills, services, and resources from the community.
• Community members employed in various positions (project site manager, geologist, etc.).
• Exploration office camp set up at Khomanani Centre, enabling infrastructure upgrades.
• One-on-one consultations with land occupants affected by drilling operations.
• Developed a social and labour plan for 2024 in compliance with MPRDA and Mining Charter.
• Completed a socio-economic survey across seven villages to support Social Upliftment and Development Plan.
• Adopted a local daycare, Somqhuba pre-school, to improve classrooms and environment.
• Established open public channels (Facebook page and newsletters) to disclose activities and social investments.
• Active participation in community events (sponsoring school sports events).

Governance Achievements

• Compliance with governing laws in Australia and South Africa.
• Transparent disclosures to stakeholders through publicized notices (ASX, JSE).
• Active and continuous shareholder engagement and inclusion.
• ESG-oriented policies addressing anti-bribery, corruption, diversity, occupational health and safety, environmental and water stewardship, human rights, stakeholder engagement, sustainable development, and risk management.
• Exploration conducted in compliance with preferent prospecting right, prospecting works programme, and environmental management plan (DMRE).
• Timely submission of annual activities reports and prospecting fees to DMRE.
• Verification of security guards’ registration with PSiRA.
• No known breaches of permitting, social, and environmental obligations.

Climate Goals & Targets

Environmental Challenges

• Mineral exploration and development is a speculative undertaking.
• Geological conditions, operational and technical difficulties, accidents, changing government regulations.
• Fluctuations in platinum, palladium, and rhodium prices.
• Exchange rate risks (AUD, ZAR, USD).
• Cyber security risks.
• Increasing regulations and costs associated with climate change and carbon emissions.
• Reliance on key personnel and relationship with Minxcon.

Mitigation Strategies

• Employment of competent personnel and reputable consultants.
• Extensive technical analysis and planning.
• Field exploration activities.
• Preparation of reserves and resources estimates in accordance with JORC 2012.
• Tenure management processes and standard operating procedures.
• Regular engagement with DMRE.
• Annual capital and operating budgeting processes approved by the Board.
• Remuneration and incentivization at appropriate market rates.
• Strong partnership with local community members and productive relationship with government representatives.
• Robust storage and backup systems to avoid data loss.
• Incorporation of climate change risks and opportunities into Company policy, strategy, and risk management.
• Exploration of energy alternatives.
• Development of a formal rehabilitation strategy.

Supply Chain Management

Responsible Procurement

• Preferential procurement from the Bengwenyama community.

Climate-Related Risks & Opportunities