Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Limited operating history and no history of business or mining operations, revenue generation or production history.
• Exploration, development and operating risks (unusual geological formations, rock falls, seismic activity, flooding, environmental damage and legal liability).
• Substantial capital requirements and liquidity.
• Fluctuating mineral prices.
• Regulatory requirements (permits, licenses, compliance, potential for fines and penalties).
• Financing risks and dilution to shareholders.
• Title to properties (potential disputes).
• Competition.
• Reliance on management and dependence on key personnel.
• No mineral resources or reserves.
• Environmental risks.
• Governmental regulations and processing licenses and permits.
• Local resident concerns.
• Management inexperience in developing mines.
• Conflicts of interest.
• Uninsurable risks.
• Litigation.

Mitigation Strategies

• Securing additional financing or monetizing assets.
• Taking precautions to minimize risks associated with exploration, development and production of minerals.
• Undertaking additional equity financing (potentially dilutive to shareholders).
• Complying with applicable laws, regulations and permitting requirements.
• Addressing local resident concerns (not explicitly detailed).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Limited Operating History
• Exploration, Development and Operating Risks
• Substantial Capital Requirements and Liquidity
• Fluctuating Mineral Prices
• Regulatory Requirements
• Financing Risks and Dilution to Shareholders
• Title to Properties
• Requirement for Permits and Licenses
• Competition
• Reliance on Management and Dependence on Key Personnel
• No Mineral Resources or Reserves
• Environmental Risks
• Governmental Regulations and Processing Licenses and Permits
• Local Resident Concerns
• Management Inexperience in Developing Mines
• Conflicts of Interest
• Uninsurable Risks
• Litigation

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Limited operating history and no history of business or mining operations, revenue generation or production history.
• Exploration, development and operating risks (geological formations, rock falls, seismic activity, flooding, environmental damage and legal liability).
• Substantial capital requirements and liquidity.
• Fluctuating mineral prices.
• Regulatory requirements (permits, licenses, compliance, potential for fines and penalties).
• Financing risks and dilution to shareholders.
• Title to properties (disputes, unverifiable claims).
• Requirement for permits and licenses.
• Competition.
• Reliance on management and dependence on key personnel.
• No mineral resources or reserves.
• Environmental risks.
• Governmental regulations and processing licenses and permits.
• Local resident concerns.
• Management inexperience in developing mines.
• Conflicts of interest.
• Uninsurable risks.
• Litigation.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Limited operating history and no history of business or mining operations, revenue generation or production history.
• Exploration, development and operating risks (unusual and unexpected geological formations, rock falls, seismic activity, flooding, environmental damage and possible legal liability).
• Substantial capital requirements and liquidity.
• Fluctuating mineral prices.
• Regulatory requirements (permits, licenses, compliance with laws and regulations).
• Financing risks and dilution to shareholders.
• Title to properties (disputes, unverifiable claims).
• Competition for mineral claims, leases, and personnel.
• Reliance on management and dependence on key personnel.
• No mineral resources or reserves.
• Environmental risks (spills, releases, emissions, reclamation).
• Governmental regulations and processing licenses and permits.
• Local resident concerns.
• Management inexperience in developing mines.
• Conflicts of interest.
• Uninsurable risks.
• Litigation.
• COVID-19 pandemic (delays in exploration, financing difficulties).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

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

• 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

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Appointment of Dale Verran, P.Geo., M.Sc. Exploration Geology to the Board of Directors in November 2020.

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing material disruption to businesses globally, including delays in planned exploration activity and potential difficulties in sourcing financing.

Mitigation Strategies

• Exploration partners were able to mobilize to site in early September 2020 and commenced the Phase 2 exploration program. The company's continued activities have remained largely unaffected as at the date of this report.

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

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing delays in exploration activity and potential financing difficulties.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing delays in exploration activities and impacting ability to meet obligations and source financing.

Mitigation Strategies

• Implemented procedures to minimize COVID-19 effects, including remote work and testing, to ensure employee and contractor safety.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic causing delays in exploration activities and impacting ability to meet obligations and source financing.

Mitigation Strategies

• Reordered exploration activities to accommodate Namibian COVID-19 restrictions.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Limited operating history and no history of business or mining operations, revenue generation or production history.
• Exploration, development and operating risks including unusual and unexpected geological formations, rock falls, seismic activity, flooding and other conditions involved in the extraction of material.
• Substantial capital requirements and liquidity.
• Fluctuating mineral prices.
• Regulatory requirements and obtaining necessary permits and licenses.
• Competition for acquisition of properties and personnel.
• Reliance on management and key personnel.
• Environmental risks and hazards.
• Local resident concerns.
• Management inexperience in developing mines.
• Conflicts of interest.
• Uninsurable risks.

Mitigation Strategies

• Disciplined, counter-cyclical approach to mineral property acquisitions to take advantage of opportunities during periods of low valuations and preserve capital during times of market volatility.
• Securing additional financing or monetizing assets.
• Active engagement with surface right owners and federal authorities to secure permissions for exploration.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Limited operating history and no history of business or mining operations, revenue generation or production history.
• Exploration, development and operating risks (geological formations, rock falls, seismic activity, flooding etc.)
• Substantial capital requirements and liquidity.
• Fluctuating mineral prices.
• Regulatory requirements (permits, licenses, compliance with laws and regulations).
• Financing risks and dilution to shareholders.
• Title to properties (disputes, unverifiable claims).
• Competition in the mining industry.
• Reliance on management and dependence on key personnel.
• No mineral resources or reserves.
• Environmental risks (spills, releases, emissions, reclamation).
• Governmental regulations and processing licenses and permits.
• Local resident concerns.
• Management inexperience in developing mines.
• Conflicts of interest.
• Uninsurable risks.
• Litigation.

Mitigation Strategies

• Disciplined approach to mineral property acquisitions and counter-cyclical discipline to capitalize on opportunities during periods of low valuations and preserve capital during market volatility.
• Strategic partnerships with credible organizations (e.g., Prospect Resources Limited).
• Sale of Crescent Lake Property to focus on remaining projects.
• Securing land access agreements with traditional authorities (Zambia).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Limited operating history and no history of business or mining operations, revenue generation or production history.
• Exploration, development and operating risks (geological formations, rock falls, seismic activity, flooding etc.)
• Substantial capital requirements and liquidity.
• Fluctuating mineral prices.
• Regulatory requirements (permits, licenses, compliance with laws and regulations).
• Local resident concerns.
• Management inexperience in developing mines.
• Conflicts of interest.
• Uninsurable risks.
• Litigation.

Mitigation Strategies

• Disciplined approach to mineral property acquisitions and counter-cyclical approach to capitalize on opportunities during periods of low valuations and preserve capital during market volatility.
• Strategic partnerships with credible organizations.
• Focus on securing additional financing or monetizing assets.
• Active engagement with surface right owners and federal authorities to secure permissions for exploration.
• Commitment to environmental responsibility and active community involvement.

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