Climate Change Data

Los Andes Copper Ltd.

Climate Impact & Sustainability Data (2024-01-01 to 2024-06-30)

Reporting Period: 2024-01-01 to 2024-06-30

Environmental Metrics

Total Carbon Emissions:178,389 tCO2e/year (Scope 1)
Scope 1 Emissions:178,389 tCO2e/year
Scope 2 Emissions:Potential for zero
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:<0.2 m3/t
Waste Generated:Not disclosed
Carbon Intensity:1.02 t CO2 per t CuEq produced

ESG Focus Areas

  • Workplace, community, and environmental impacts
  • Regulatory and permitting risks
  • Stakeholder relationships
  • Corporate governance

Environmental Achievements

  • Reduced water consumption by approximately 50% compared to the 2019 Preliminary Economic Assessment (PEA) through the use of dry-stacked filtered tailings.
  • Reduced power consumption by 25% vs. a SAG circuit previously considered in the PEA through the introduction of HPGR technology.
  • Projected low CO2 emissions: Scope 1: 178,389 t CO2e/year, or 1.02 t CO2 per t CuEq produced; potential to have Scope 2 at zero as long as the power market continues to have renewable availability for the full energy supply of the Project.

Social Achievements

  • Signed a letter of intent with a desalinated water consortium to secure a water supply for the Project, including providing water at preferential rates to community groups along the pipeline route.
  • Continued communication with local communities and public authorities throughout the PFS, with the Community and Corporate Affairs team working closely with all interested parties.
  • Implementing various community programs and a strong communications plan to improve knowledge and understanding of the future Vizcachitas Project.

Governance Achievements

  • Established an ESG Board Committee in 2021.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Expand coverage of UAV Magnetics over the entire mining concession; conduct Induced Polarization (IP) geophysical survey to delineate targets.
Short-term Goals:
  • Refine the geology model and identify areas with potential for higher-grade mineralization for future drilling.

Environmental Challenges

  • Ongoing litigation regarding environmental permits, including claims challenging the Revised Environmental License and allegations of environmental damage from past drilling activities.
  • Risks associated with operating in a foreign country (Chile), including political risks and changes in government policy (e.g., Royalty to Large Copper Mining Bill).
  • Financing risks associated with the Vizcachitas Project's development.
Mitigation Strategies
  • Successfully defended against some legal challenges related to environmental permits and resumed drilling operations with restrictions.
  • Developing and implementing a biodiversity strategy for the Vizcachitas project.
  • Seeking additional financing for the Vizcachitas Project.

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