Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• The Group is conscious of greenhouse gas emissions and strives to seek opportunities where improvements may be made. The Group has taken the exemption available under Sections 15(5) and 20D(7) of Energy and Carbon Reporting that allows for non-disclosure of quantitative usage in respect of energy, as the Group has consumed less than 40,000 kWh in the United Kingdom during the period.

Social Achievements

• The Board takes seriously its ethical responsibilities to the communities and environment in which it works. We abide by the local and relevant UK laws on anti-corruption & bribery. Wherever possible, local communities are engaged in the geological operations & support functions required for field operations, providing much needed employment and wider economic benefits to the local communities.

Governance Achievements

• The Board has formally adopted an anti-corruption and bribery policy. The Group has committed to applying ten principles of corporate governance, including establishing a strategy promoting long-term value, understanding shareholder needs, considering wider stakeholder responsibilities, embedding effective risk management, and maintaining a well-functioning board.

Climate Goals & Targets

Environmental Challenges

• Exploration risks (global factors affecting mineral prices, no guarantee of successful mineralisation), dependence on key personnel, uninsured risks (hazards and third-party claims), funding risk (reliance on equity capital or partners), financial risks (market, credit, and liquidity risks), investment risks (fluctuations in publicly listed and non-listed securities), and COVID-19 (business disruption and market volatility).

Mitigation Strategies

• Rigorous project review to justify exploration expenditure, contractual agreements with key personnel, share options to align interests, cash on hand, investments, and a bought deal equity facility, risk management program to monitor debt and finance costs, business continuity procedures and contingency arrangements for COVID-19.

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

• Greenhouse gas emissions
• Environmental sustainability

Environmental Achievements

• The Group is currently deemed to be a low energy user meaning it has consumed less that 40MWh of energy during the reporting period.

Social Achievements

• Wherever possible, local communities are engaged in the geological operations and support functions required for field operations, providing much needed employment and wider economic benefits to the local communities.

Governance Achievements

• The Board has formally adopted an anti-corruption and bribery policy.
• Established an audit committee, a nomination committee and a remuneration committee with formally delegated duties and responsibilities.

Climate Goals & Targets

Environmental Challenges

• Exploration risks
• Dependence on key personnel
• Uninsured risk
• Royalty acquisitions risk
• Funding risk
• Financial risks
• Investment risks

Mitigation Strategies

• Experience of the Board and the technical senior management team; Key management have significant equity; Share options awarded; Exciting business opportunities; Group’s exploration programmes are in the early stages with no mine development or operations in place as of yet; Cash on hand, investments held and bought deal equity facility in place sufficient to fund the Comely for the foreseeable future; No debt held by the Group; Investments are held in both listed and unlisted entities and the board monitor their investments in a regular basis. For unlisted investments the board attempt to have regular communication with the management team of the investee.

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