Mincor Resources NL : Inaugural Sustainability Report FY2021

INAUGURAL SUSTAINABILITY REPORT FY2021

ASX ANNOUNCEMENT

16 December 2021

onlyMincor Resources NL (ASX: MCR, "Mincor" or the "Company") is pleased to advise that it has today released its inaugural Sustainability Report for Financial Year 2021 (FY2021).

The Sustainability Report marks an important step in the Company's environmental, social and governance (ESG) journey as it prepares to recommence nickel concentrate production at its Kambalda Nickel Operations in Western Australia in the June 2022 quarter.

useThe Report - which has been produced in alignment with the United Nations Sustainable Development Goals

(SDGs) - sets the tone for the Company's future ESG goals and aspirations as well as reporting on key ustainability activities over FY2021. It also establishes a framework for expanded reporting over future editions.

Mincor's Managing Director, David Southam, said: "We hope that our inaugural Sustainability Report serves as

an enduring highlight of the people, operations and landscapes that make Mincor unique.

"In addition to outlining the key achievements and developments in this area during FY2021, our inaugural

personalDavid Southam

Kurt Walker

Nicholas Read

Sustainability Report establishes a robust framework for reporting and continued growth in the depth and capability of our business, helping to ensure that we have the correct priorities, processes and systems in place to become a class-leading nickel sulphide producer with a strong focus on sustainability and excellence in all of the key elements that make up a strong ESG framework."

	- ENDS -
Approved by:
Board of Mincor Resources NL
For further details, please contact:
		Media Inquiries:
Managing Director	GM Corporate Development	Read Corporate
For	Mincor Resources NL	Tel: [phone]
Mincor Resources NL
Email: [e-mail]	Email: [e-mail]
Tel: [phone]	Tel: [phone]

TEL	08 9476 7200	POSTAL ADDRESS	REGISTERED OFFICE
FAX	08 9321 8994	PO Box 1810	Ground Floor, 9 Havelock Street
EMAIL	[e-mail]	West Perth WA 6872	West Perth WA 6005
WEBSITE	www.mincor.com.au	Australia	Australia
ACN	072 745 692

onlyuse personalFY2021 r

SUSTAINABILITY REPORT

M I N C O R . C O M . A U

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Contents

01	Acknowledgement of Country
02	Statement from the Chairman and Managing Director
04	FY2021 Sustainability Highlights
06	FY2021 Company Highlights
08	FY2022 Sustainability Commitments
10	Sustainability Aspirations Beyond FY2022
12	About Mincor
23	Sustainability Ambition & Approach
41	Governance
47	Social
69	Environment
Cover: Iconic salmon gums near Cassini

Smoking Ceremony, Cassini Opening Day

ACKNOWLEDGEMENT

OF COUNTRY

Mincor acknowledges the traditional custodians of the lands on which we operate, the Ngadju and Whadjuk Nyoongar Peoples of Kambalda and Perth. We pay our respects to their elders and leaders, past, present and emerging.

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Statement from the Chairman and Managing Director

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BRETT LAMBERT	DAVID SOUTHAM
Non-Executive Chairman	Managing Director

It gives us great pleasure to introduce Mincor's inaugural
"Sustainability Report and the exciting next chapter
in our evolving sustainability journey.	"

Mincor | Sustainability Report 2021

The Mincor brand has long been synonymous with community, having been the centerpiece of the Kambalda region for well over 20 years. As such, sustainability (in every sense) has long been at the heart of who we are. Now, as we sit on the cusp of resuming nickel production from Kambalda in the first half of 2022, the timing of our first Sustainability Report is particularly significant.

As a new-generation nickel sulphide producer, we stand ready to meet the challenges of supplying a metal that is essential to the clean energy economy - at the same time as embracing a deep consideration of our responsibilities to the environment, communities and the people with whom we interact.

For our inaugural Sustainability Report covering the FY2021 period, we have chosen to align ourselves with the United Nations Sustainable Development Goals (SDGs), providing a clear and concise framework in which to articulate our sustainability activities. This provides Mincor with the very best foundations as we aspire towards alignment with the UN Global Compact, Global Reporting Initiative (GRI) and Task Force on Climate-related Financial Disclosures (TCFD) in future editions.

We are proud to present Mincor Resources NL's first Sustainability Report and relish the opportunity to articulate our Environmental, Social and Governance (ESG) journey to our workforce, our shareholders, our community and our peers. We welcome and encourage any feedback you may have on our rapidly evolving sustainability story.

L to R: Shannon Coates (Company Secretary), and Mincor Board of Directors: Michael Bohm, Liza Carpene, Brett Lambert, David Southam and Peter Bewick

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FY2021 Sustainability

Highlights

0 0%

No Lost Time Injuries (LTIs)	Zero % gender pay gap for
in FY2021	like-for-like positions

100% >30%

Employee	Female participation
retention rate	rate

Mincor | Sustainability Report 2021

<12kt CO 2e	95%
Total Scope 1 and 2	Procurement spend
emissions <12kt CO2e.	in Western Australian
(Future emissions forecast to	communities
be best in class)

Ngadju	0.02%
Ngadju (Traditional	Total disturbed land
Owner) agreement	(% of Mincor's total
formalised	land holding)

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