Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Impact Assessment

Climate Goals & Targets

Environmental Challenges

• Potential environmental effects of diamond mining and processing

Mitigation Strategies

• Proposed measures to prevent or mitigate environmental effects as described in the Environmental Effects Summary

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Submitted Revised Environmental Impact Statement (EIS) to Provincial and Federal regulators in August 2012, addressing 802 comments and information requests from the original Draft EIS.

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing development capital for the Star-Orion South Diamond Project.
• Ongoing environmental assessment process for the Star-Orion South Diamond Project.
• Potential title disputes.
• Obtaining necessary permits from federal, provincial, and local authorities.
• Economic feasibility of future development projects.
• Fluctuations in diamond prices.

Mitigation Strategies

• Exploring financing options including joint arrangements, debt financing, and equity financing.
• Addressing comments and information requests on the Revised EIS.
• Diligent investigation of title to claims and maintaining a database to monitor claim status.
• Maintaining constant communication with governmental authorities to ensure compliance with regulations.
• Utilizing qualified individuals, service providers, and external consultants for exploration and permitting processes.
• Cost reduction measures (personnel reductions) to extend operating window.

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: IFRS

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 Impact Assessment
• Project Development

Environmental Achievements

• Prepared and submitted responses for comments and information requests on the Revised Environmental Impact Statement
• Received notice that the Environmental Effects Summary document was made available for public review and 30-day comment period

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing development capital for the Star – Orion South Diamond Project

Mitigation Strategies

• Measures taken in early 2012 to conserve cash position and extend operating window to complete environmental approval and project permitting

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

Environmental Metrics

Environmental Achievements

• Completed technical review by the Canadian Environmental Assessment Agency (CEAA) and received an Environmental Assessment Decision stating the project is not likely to cause significant adverse environmental effects with mitigation measures.

Climate Goals & Targets

Environmental Challenges

• Requires additional funding to finance operating activities through the 2015 fiscal year.
• Dependence on additional sources of financing.
• Risks associated with being a non-producing company (financing, title to property, permits, economic feasibility).

Mitigation Strategies

• Investing surplus cash in highly rated instruments.
• Preparing annual capital and operating budgets.
• Pursuing options to finance further exploration and development (joint ventures, debt financing, equity financing).

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: KPMG LLP, Chartered Accountants

Environmental Metrics

ESG Focus Areas

• Environmental Impact Assessment
• Community Relations
• Environmental Rehabilitation

Environmental Achievements

• Completed technical review of the proposed Star-Orion South Diamond Project by the Canadian Environmental Assessment Agency (CEAA) and released the final Comprehensive Study Report (CSR).
• Submitted the Final Environmental Impact Statement (EIS) for the Project to the Ministry and the CEAA.

Social Achievements

• Signed a Memorandum of Understanding (MOU) with the James Smith Cree Nation (JSCN) concerning potential education and training, job, business and participation opportunities.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing development capital for the Star-Orion South Diamond Project.
• Obtaining required permits from various federal, provincial and local governmental authorities.
• Maintaining title to its property claims.
• Ensuring the ultimate economic feasibility of any future development projects.

Mitigation Strategies

• Investing excess cash reserves in interest-bearing short-term deposits.
• Implementing measures to reduce operating expenses.
• Pursuing options to finance further exploration and development, including joint arrangements, debt financing, and equity financing.
• Diligent investigation of title to its claims and maintaining a database to monitor the status of claims.
• Utilizing qualified individuals, service providers, and external consultants to ensure compliance with all applicable rules and regulations.

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: IFRS

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 Impact Assessment
• Community Relations
• Indigenous Relations

Environmental Achievements

• Completion of the technical review of the proposed Star – Orion South Diamond Project by the Canadian Environmental Assessment Agency (CEAA).

Social Achievements

• Signing of a Memorandum of Understanding (MOU) with James Smith First Nation, Peter Chapman Cree Nation, and Chakastaypasin Cree Nation to discuss education, training, job, and business opportunities.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Securing development capital for the Star – Orion South Diamond Project.

Mitigation Strategies

• Continuing to seek opportunities for development capital through participation in the Project by a third party or a syndicate of investors. Measures taken to conserve cash position and provide an extended operating window.

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

Environmental Metrics

ESG Focus Areas

• Community Engagement
• Low Carbon Footprint
• Sustainable Mining Practices

Environmental Achievements

• Proximity to Saskatchewan power grid enables electric-powered mining and processing, significantly decreasing greenhouse gas emissions.
• Potential for kimberlite to capture significant quantities of atmospheric CO2.

Social Achievements

• Cultivated strong partnerships with indigenous communities.
• Launched the “Kīwētin” diamond brand, highlighting connection to local culture.
• Established the Diamond Development Advisory Committee for community engagement.
• Historically provided employment and training for local community members.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Carbon capture opportunity with kimberlite

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