Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Conservation
• Corporate Governance

Environmental Achievements

• Bringing enhanced levels of conservation and care for the environment into operations.

Governance Achievements

• Adopted the QCA Corporate Governance Code (2018) on a comply or explain basis.
• Established an Audit Committee and a Remuneration Committee.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 related travel restrictions and air freight limitations.
• Inherent uncertainty in the exploration business.

Mitigation Strategies

• Restructured the company, suspending gold trading operations and refocusing on exploration in Australia.
• Successfully raised £3.57m through market capitalization increase and equity financing.
• Developed an aggressive exploration program in Australia.

Supply Chain Management

Responsible Procurement

• Suppliers are identified purely on an arms-length commercial basis and paid in line with agreed payment terms.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Corporate Governance Code (2018)

Third-party Assurance: RSM Audit (Gibraltar) Limited

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Enhanced levels of conservation and care for the environment into the operations

Social Achievements

• Not disclosed

Governance Achievements

• Adopted the QCA Corporate Governance Code (2018) on a comply or explain basis

Climate Goals & Targets

Environmental Challenges

• COVID related issues in Australia hampered exploration, WA border closure for almost two years, intermittent lockdowns hampered Heritage Surveys

Mitigation Strategies

• Heritage surveys completed after WA reopening in March 2022, enabling drilling to restart at Red Setter and start at Wishbone II in June 2022

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Suppliers identified purely on an arms-length commercial basis, paid in line with agreed payment terms

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: QCA Corporate Governance Code (2018)

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

• Environmental
• Social
• Governance

Environmental Achievements

• Bringing enhanced levels of conservation and care for the environment into the operations.

Social Achievements

• Ensuring excellent relations with the indigenous Martu community.

Governance Achievements

• Complied with the main provisions of the Combined Code: Principles of Corporate Governance and Code of Best Practice.

Climate Goals & Targets

Environmental Challenges

• Whether potential mineral reserves can be exploited economically and further demand for precious metals will continue.
• Inherent unpredictability of exploration outcomes.

Mitigation Strategies

• Raising £2.375m in 2022 (2021: £2.57m).
• Demonstrated ability to raise capital to accelerate exploration if needed.
• Closely monitors and manages its capital position and liquidity risk.

Supply Chain Management

Responsible Procurement

• Suppliers identified on an arms-length commercial basis.
• Suppliers paid in line with agreed payment terms.
• Ethical conduct expected from suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: QCA Corporate Governance Code (2018)