Climate Change Data

Environmental Metrics

ESG Focus Areas

• Transparency & Accountability
• Health, Safety and Security
• Environmental Stewardship
• Constructive Stakeholder Engagement
• Our People
• Sustainable Development

Environmental Achievements

• The Marimaca Oxide Deposit (“MOD”) benchmarks in the 1st quartile of global copper mine site emissions intensity. When Scope 3 emissions are included (transportation and smelting) the MOD’s carbon intensity per tonne of refined copper is expected to be in the lowest 10% of all copper projects globally
• Positioned as a leading ‘green copper’ development project. Early engagement with large-scale energy utilities has confirmed potential to source 100% renewable energy from the national electricity grid in northern Chile
• SX-EW processing is, on average, ~38% less carbon intensive relative to traditional concentrate refining and smelting. MOD demonstrates high scarcity value in the context of ‘green copper’ given SX-EW accounts for only ~16% of world primary copper supply

Social Achievements

• Commitment to employing locally, upskilling our workforce, respecting all cultures and promoting diversity and inclusion

Governance Achievements

• Transparent corporate governance ensures we are accountable to all our stakeholders. We strive to ensure that appropriate checks and balances are carried out to safeguard ownership at all levels of the business

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Carbon Intensity
• Renewable Energy
• Water Management
• Community Relations
• Health and Safety

Environmental Achievements

• Secured recycled seawater supply from the Bay of Mejillones
• Confirmed potential to source 100% renewable energy from the national electricity grid in northern Chile
• SX-EW processing is ~38% less carbon intensive than traditional processing

Social Achievements

• No community land overlap
• Commitment to employing locally and upskilling workforce
• Respecting all cultures and promoting diversity and inclusion

Governance Achievements

• Transparent corporate governance
• Implementation of highest safety standards
• Constructive stakeholder engagement

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

• 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

• Governance
• Environmental
• Social

Environmental Achievements

• Utilized recycled cooling seawater from a nearby electricity plant to eliminate the need for groundwater extraction.
• Sustainable design of exploration practices and future ore processing to support water recirculation and reduce overall water usage, resulting in no net discharge to the environment.
• Future design of the site and ore processing methodology eliminates the need for a tailings facility.

Social Achievements

• Majority of the workforce is drawn from the local population, within the Antofagasta region and northern Chile. The Company expects to employ 95% of its workforce from the local area in the future.
• Strong Health and Safety protocols in place with a dedicated on-site Health and Safety employee.
• 100% of goods and services are currently locally procured.

Governance Achievements

• Completed permitting in advance of the ongoing full feasibility study to address stakeholder concerns.
• Developed a bespoke Sustainability Commitment charter borrowing elements from various international standards (IFC Performance Standards, EITI, ICMM Principles and Performance Expectations).
• Proactive approach to governance and assurance evidenced through briefings and checks regarding the Code of Conduct at site level, and third-party assessments of mineral license rights.

Climate Goals & Targets

Environmental Challenges

• Project is located in an area of extreme water scarcity.
• Region is prone to earthquakes and landslides resulting from sporadic but intense rainfall events.
• Significant increase in lithium mining in the Atacama resulting in community complaints, competition for resources, and frustration with mining companies.

Mitigation Strategies

• Project will not utilize any groundwater resources given the seawater option in place.
• Planning for earthquake and landslide events should be factored into mine design and considered for emergency planning purposes.
• Further studies are planned to ascertain what necessary mitigation measures are required to protect Marimaca employees as the project progresses to the development phase.

Supply Chain Management

Responsible Procurement

• 100% local procurement

Climate-Related Risks & Opportunities

Physical Risks

• Torrential downpours causing severe damage to site equipment and infrastructure
• Earthquakes and landslides