ESG & Carbon Emissions

GTI has adopted the internationally recognised Environmental, Social and Governance (ESG) Stakeholder Capitalism Metrics framework with 21 core metrics and disclosures created by the World Economic Forum (WEF).[1]

Progress will be reported in our Annual report on the ASX and on this web page with the first baseline report available below:

 

GTI adopts global ESG Reporting Standard

Environment

GTI’s current main environmental impact is caused by its mineral exploration and appraisal operations in Wyoming and Utah in the USA and to a lesser extent in the Kookynie region in the central goldfields of Western Australia.

The Company has recently completed field reconnaissance exploration work at its Henry Mountains uranium project in Utah and has a drilling campaign planned for December 2021, at its Thor ISR uranium project in Wyoming. The Company has, in conjunction with its contractors, estimated the energy usage from these field activities being the main source of emissions from GTI’s operations.

GTI is currently working through a process to verify these emissions estimates and we are reviewing carbon offset opportunities, prior to implementing a carbon offset program.

The recently completed (and planned future) field activities required minimal water, the Company continues to closely monitor water usage as part of ongoing operations.

Other environmental impacts emanating from exploration work are monitored and overseen in conjunction with the relevant state authorities in the US and Australia. Impacts on flora, fauna and public, indigenous owner or landholder amenity are managed with the regulator or negotiated with the appropriate stakeholder group. Rehabilitation of ground disturbance and revegetation is regulated by and managed in conjunction with the relevant state authorities in line with the terms of the relevant bonding agreement. GTI works closely with all stakeholder groups to achieve compliance in this area.

The Company is pleased to make the following information on its corporate governance practices available on this website.

Social

As part of its operations in the USA and Australia, GTI seeks to apply best practices in its various interfaces with local stakeholders. The following areas of impact will be reported on in the future: in the company’s Annual reports:

  • Cash contributions to various levels of Government in the form of annual fees, bonuses, bonds and rents that are payable to state and federal agencies.
  • Capital investments made in the country in which exploration and appraisal activities occur. GTI strives to use local contractors in its operations.
  • Support provided to the local organisations and agencies.

Governance

GTI has adopted a Corporate Governance Manual which forms the basis of a comprehensive system of control and accountability for the administration of corporate governance.

Links to the policies and manual are set out in the Corporate Governance section of this website.

The Company is constantly reviewing this area with a view to improving its corporate governance processes. Relevant new or updated policies adopted will be placed on the website and where appropriate, notified to ASX.

[1] World Economic Forum, White Paper: Measuring Stakeholder Capitalism: Towards Common Metrics & Consistent Reporting of Sustainable Value Creation [22 September 2020]

Reach Us

GTI Resources Ltd

Level 1
89 St Georges Terrace,
Perth, WA 6000

PO Box Z5187
Perth WA 6831

+61 (0) 8 9226 2011

info@gtiresources.com.au

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