Evolution Energy Minerals

ASX:EV1

Sustainability

Evolution Energy Minerals is committed to meeting high Environment, Social and Governance (ESG) standards as it develops the Chilalo Graphite Project in Tanzania.

Evolution recognises that sustainable success in resource development requires that its activities are conducted in a manner that respects the environment, local communities, the sovereignty of Tanzania generally (as the owner of its natural resources) and processes of good governance.

The Company has attracted ARCH Sustainable Resources Fund LP as a cornerstone substantial shareholder.

EV1 Maiden Sustainability Report

ESG and
Sustainability

Graphite has been designated a strategic critical mineral by USA, EU and Japan

Environment

  • Pursuit of carbon neutrality for operations
  • Dry stacking of tailings significant reduces environmental risk

Social

  • Local job creation – Chilalo to generate 230 direct jobs for potential multi-decade mine life
  • Updated Relocation Action Plan nearing completion including livelihood restoration
  • Supporting regional food security

Governance

  • Product transparency and traceability
  • ESG Committee oversees ESG activities and performance
  • Board will voluntarily stand for re-election and cancel performance-based remuneration for material breach of EV1 ESG policies
  • Annual independent assessment of ESG performance using Digbee’s ESG rating

Resettlement Action Plan
Pre-requisite for Project development

  • Approved by the Government of Tanzania and local communities – two rounds of compensation payments made in Q3 2022 and Q3 2023
  • Completed in accordance with IFC Principles
  • Includes comprehensive livelihood restoration programs
  • Key element of social licence to operate

Digbee reporting
Commitment to transparency

  • Digbee is the leading independent assessment platform for ESG disclosure in the mining sector
  • ESG rating of ‘BBB’ received in April 2023, a material improvement on initial rating of ‘B’ in 2022
  • ESG initiatives implemented during the past 12 months expected to drive an improved ESG rating, expected in H1 2023
  • Digbee is the leading independent assessment platform for ESG disclosure for the mining sector – developed in consultation with mining companies, ESG specialists and capital providers, endorsed by leading financial institutions and mining companies

Pursuing net zero carbon emissions
Life cycle assessment shows favourable global warming potential comparison

Global Warming Potential Comparison Scenarios