Climate Change Data

Environmental Metrics

ESG Focus Areas

• Social Responsibility
• Environmental Protection
• Sustainable Development

Environmental Achievements

• Conducted ongoing environmental baseline studies since December 2012, to be used in mining permit application. Revised PEA contemplates an environmentally sensitive approach, including a small surface footprint and no use of cyanide on site.

Social Achievements

• Company’s sustainable social responsibility mandate aims to provide employment opportunities and social support for local communities, sustainable development of local infrastructure.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Risks related to uncertainties inherent in the preparation of the PEA and in the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company’s ability to continue as a going concern; the Company’s ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation.
• Exploration and Mining Risks: Unusual or unexpected formations, formation pressures, fires, power outages, labor disruptions, flooding, explorations, cave-ins, landslides and the inability to obtain suitable adequate machinery, equipment or labor are other risks involved in the operation of mines and the conduct of exploration programs.
• Development Risks: The marketability of any minerals which may be acquired or discovered by the Company may be affected by numerous factors which are beyond the control of the Company and which cannot be accurately predicted, such as market fluctuations, the proximity and capacity of milling facilities, mineral markets and processing equipment, and such other factors as government regulations, including regulations relating to royalties, allowable production, importing and exporting of minerals, and environmental protection.
• Financing Risks: The Company has no history of earnings and no source of operating cash flow and, due to the nature of its business, there can be no assurance that the Company will be profitable.
• Metal Prices: The mining industry in general is intensely competitive and there is no assurance that, even if commercial quantities of ore are discovered, a profitable market may exist for the sale of minerals produced by the Company.
• Uninsurable Risks: In the course of exploration, development and production of mineral properties, certain risks, and in particular, unexpected or unusual geological operating conditions including rock bursts, cave-ins, fires, flooding and earthquakes may occur.
• Environmental and Other Regulatory Requirements: Existing and possible future environmental legislation, regulations and actions could cause significant expense, capital expenditures, restrictions and delays in the activities of the Company, the extent of which cannot be predicted and which may well be beyond the capacity of the Company to fund.
• Operations in Foreign Countries and Regulatory Requirements: The Company’s principal properties are located in the Dominican Republic and mineral exploration and mining activities may be affected in varying degrees by changes in political, social and financial stability, inflation and changes in government regulations relating to the mining industry.
• No Assurance of Titles, Boundaries or Surface Rights: The Company has investigated rights of ownership of all of the mineral properties in which it has an interest and, to the best of its knowledge, all agreements relating to such ownership rights are in good standing.
• Permits and Licenses: The operations of the Company may require licenses and permits from various governmental authorities.
• Reliance on Key Personnel: The nature of the business of the Company, the ability of the Company to continue its exploration and other activities and to thereby develop a competitive edge in the marketplace depends, in a large part, on the ability of the Company to attract and maintain qualified key management personnel.

Mitigation Strategies

• Management has initiated a strict cost control program to effectively control expenditures.
• Management will review several funding options including equity financing and seeking joint venture partners to further its mineral property interests at the appropriate time.
• The Company conducts its operations so as to protect public health and the environment and believes its operations are materially in compliance with all applicable laws and regulations.
• The Company has made, and expects to make in the future, expenditures to comply with such laws 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 Stewardship
• Community Relations
• Employee Safety and Health
• Sustainable Economic Development
• Transparency

Environmental Achievements

• Minimal surface impact from underground mining; waste rock returned underground; no cyanide or other contaminants used; no water from San Juan River; compact and inert dry stack tailings; ventilation fans underground to reduce noise; no relocation of local Hondo Valle Village

Social Achievements

• Strong relationship with the government and community; inclusion of communities in activities; commitment to safety and health of employees and communities; active participation in sustainable economic development of the area

Governance Achievements

• Operate in a transparent manner with central and local government

Climate Goals & Targets

Environmental Challenges

• Permitting process in the Dominican Republic (sequential and time-intensive)
• Securing Exploitation License and Presidential Approval
• Financing the project

Mitigation Strategies

• Careful management of funds; reduced personnel; seeking projects to invest in; pursuing debt facilities and product off-take agreements upon receipt of Exploitation License

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Hurricanes (Tailings facility designed to be hurricane resistant)