Climate Change Data

Environmental Metrics

ESG Focus Areas

• Responsible cobalt production and sourcing
• Human rights
• Environmental impact
• Community relations
• Safety

Environmental Achievements

• Not disclosed

Social Achievements

• Comprehensive stakeholder engagement underway, including consultation with Barkandji Native Title Aboriginal Group Corporation and Registered Aboriginal Parties.
• Payment of award or above wages/salary.
• Development of community enhancement initiatives.

Governance Achievements

• Implementation of rigorous safety management systems.
• Annual reviews and self-assessment with staff and stakeholder feedback.
• Cobalt Blue Audit & Risk Committee Charter provides guidance to subordinate technical committees to ensure sustainability is proactively managed.

Climate Goals & Targets

Environmental Challenges

• Partial compliance with the Human Risks aspect of CIRAF, specifically 3rd party assurance – due diligence systems and public reporting.
• Environmental risks associated with waste management, acid mine drainage, surface and groundwater management, air quality, greenhouse gas emissions, and site post-closure rehabilitation.
• Biodiversity impacts due to clearing vegetation for the Broken Hill Cobalt Project.

Mitigation Strategies

• Development of further policies and procedures to address human rights assessment criteria.
• Implementation of risk management plans to reduce environmental and biodiversity risks to tolerable levels.
• Consultation with and compensation for financial losses with landholders.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Cobalt Blue Procurement Policy outlines expectations for suppliers, including ethical business conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Cobalt Industry Responsible Assessment Framework (CIRAF)

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
• Human Rights
• Responsible Sourcing

Environmental Achievements

• Developed a sophisticated Integrated Waste Landform approach to bulk waste management that will minimize acid formation and create a long-term stable landform constructed via progressive rehabilitation.
• Project footprint avoidance areas that kept intact approximately 107ha of land near creek lines. This has flood mitigation benefits as well as avoiding direct impacts on numerous Aboriginal cultural heritage objects, riparian vegetation, and several small patches of Purple Wood Wattle (threatened species).
• Opportunities for heat recovery and adoption of renewable energy. Further, kiln heating for the processing plant is via electrical power thereby providing the opportunity for greenhouse gas emission reduction where renewable power can be utilized

Social Achievements

• Consultation with and compensation for financial losses with landholder (Western Lands Leaseholder).
• Commitment to employing local people where possible.
• Commitment to develop Aboriginal Employment Strategy with relevant stakeholders.
• Comprehensive stakeholder engagement underway inclusive of neighbours, workforce, local and state government.

Governance Achievements

• Cobalt Blue is governed by an independent Board of Directors.
• Strong governance and assurance processes that rely on general risk management, annual reviews, and an Audit & Risk Committee.

Climate Goals & Targets

Environmental Challenges

• Current battery minerals pricing, particularly cobalt metal trading at US$12–14/lb, as well as the current inflated capital cost environment, make the Broken Hill Cobalt Project (BHCP) in its current form unlikely to attract project financing.
• High level of concentration in global cobalt extraction and processing, posing risks to supply chains.

Mitigation Strategies

• Cobalt Blue is developing a cobalt sulphate refinery in Western Australia which aims to commence production in 2026 to supply IRA compliant material to the Allied supply chain.
• Cobalt Blue may assess the viability of a smaller Broken Hill Cobalt Project.
• Overseas sourcing of cobalt intermediate will only be undertaken where suppliers can demonstrate, using reputable means, that conformance to well-established ESG standards is occurring.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Cobalt Blue Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Cobalt Institute Responsible Assessment Framework (CIRAF)

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed