Aurelia Metals : 2023 Modern Slavery Statement

CRITERIA

Mandatory Criteria 1: Identify the reporting entity

Mandatory Criteria 2: Describe the structure, operations and supply chain of the reporting entity

Mandatory Criteria 3: Describe the risks of modern slavery practices in the operations and supply chain of the reporting entity, and any entities that the reporting entity owns or controls

Mandatory Criteria 4: Describe the actions taken by the reporting entity and any entity that the reporting entity owns or controls, to assess and address for those risks, including due diligence and remediation processes

Mandatory Criteria 5: Describe how the reporting entity assesses the effectiveness of such actions

Mandatory Criteria 6: Describe the process of consultation with any entities that the reporting entity owns or controls

Mandatory Criteria 7: Any other information that the reporting entity considers relevant

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3

6-7 and 9-10

11-13

14-15

16

18

4, 5, 8 and 17

At Aurelia Metals, our Values are at the heart of how we operate and do business.

They are Care, Curiosity, Nimble, and One Team. Coupled with our Strategy to Deliver with confidence, Improve our operating margin, employ the Right people with the Right mindset and Focused growth, we will realise our vision to be a developer and operator of choice for critical base metals to power a low carbon future and deliver superior shareholder value.

Our Value of Care means we act with integrity and want to make a difference and we do what's right. This is the approach we take to address human rights and modern slavery risks within our business.

FY23 was a year that impacted our Company greatly. After emerging from a period of underperformance, there was a clear business case for transformational change. Against this backdrop, we embarked on a journey to turn around operational performance and cash management.

I am pleased to say the year of rebalance did not impact our commitment to safeguarding the health, safety and wellbeing of our workforce, including through the management of modern slavery risks across Aurelia Metals and its subsidiaries (the Group).

Acknowledgment

We have - and will continue - to work closely with our suppliers, workforce, and other key stakeholders to cultivate an understanding of modern slavery risks across our supply chain. This in turn allows

us to identify, assess and address these risks in a meaningful manner.

We recognise our obligations under the Modern Slavery Act 2018 (Cth). This Modern Slavery Statement, the fourth we have produced, highlights actions we have put in place in FY23 and includes our roadmap for future success.

In FY24, we will continue to embed modern slavery mitigation measures and controls into our operational processes and investment activities. We will also continue to work with our business partners to build their capacity to manage modern slavery and labour exploitation risks. Our expectation is that they take the same zero tolerance approach to these issues as we do.

Bryan Quinn

Managing Director and

Chief Executive Officer

OUR FY23 SNAPSHOT

-

Anti-bribery and

Corruption Standard

reviewed

100%

of suppliers in high-risk categories were issued with a Modern Slavery questionnaire in the last 24 months, with a 71%

completion rate

Refresher Modern Slavery

training completed

0 Modern Slavery incidents reported

Aurelia Metals' Modern Slavery Working Group risk assessment complete

98%

of Aurelia Metals'

suppliers are Australian- based (Tier 1) suppliers

~40% of all goods and

services were

procured locally

Aurelia Metals is an Australian mining and exploration company with a highly strategic landholding, and two operating mines in New South Wales (NSW). Our goal is to become a developer and operator of choice for critical base metals to power a low carbon future and deliver superior shareholder value.

We acknowledge that although we have an overwhelming majority of our suppliers based within Australia, a portion of these suppliers will rely on overseas manufacturers as well as services. These overseas supply chains may include areas which are susceptible to increased modern slavery risks and human rights issues which means it is critical we understand our supply chains and continue to complete our due diligence on all our suppliers.

We understand the importance of taking proactive and effective action to address modern slavery and human rights in each of our supply chains, especially in our high-risk categories set out on page 13 of this Statement.

We agree that we play an important role in assisting to identify, prevent and mitigate the risk of modern slavery practices in our supply chains and take this role and our responsibilities seriously.

As part of our new Strategy, we aim to ensure we have the Right People with the Right Mindset driving our responses to global business challenges, including modern slavery and human rights. This Strategy in combination with our Values, in particular Care and One Team underline our approach and attitude to tackling the global fight against modern slavery the Aurelia way. Aurelia Metals will ensure it is Nimble in identifying and addressing emerging challenges and opportunities, including identifying and implementing effective modern slavery risk mitigations measures and controls.

As at 30 June 2023, Aurelia Metals and its subsidiaries had approximately 300 employees and 160 contractors.

We own and operate two underground mines and processing facilities in NSW and have a portfolio of organic growth prospects in the region.

Our Peak Mine comprises two separate underground polymetallic mines and an 800ktpa base metals and gold processing plant. Peak is in the northern Cobar Basin, south of Cobar, a town in central-west NSW.

Our Dargues Mine is a gold-mining and milling operation located in the Southern Tablelands region in NSW, approximately 60 kilometres (km) south-east of Canberra. The facility includes an underground mine, processing plant and associated surface facilities.

Our Hera mining operation ceased in March 2023 and the surface facilities have been placed into care and maintenance. Hera's 455ktpa processing plant is equipped with a three-stage crushing, gravity gold and base metals flotation and concentrate leach circuit.

Our Federation Project is one of the highest-grade base metal development projects in Australia. Receiving Development Consent from the NSW Department of Planning and Environment in March 2023 and its Mining Lease in October 2023, the Federation deposit hosts high-grade zinc, lead, and gold mineralisation and remains open at depth.

Our Great Cobar Project involves the development of a base metals and a gold deposit, north of, and accessible from, the New Cobar mining complex at the Peak Mine.

We also hold a number of exploration licences and undertake exploration activities surrounding our existing mining and development operations.

This Statement covers the activities of Aurelia Metals and its seven wholly owned subsidiaries, which are:

1. Defiance Resources Pty Ltd (ACN 119 700 220)
2. Hera Resources Pty Ltd (ACN 138 992 999)
3. Nymagee Resources Pty Ltd (ACN 154 131 138)
4. Peak Gold Asia Pacific Pty Ltd (ACN 103 879 054)
5. Peak Gold Mines Pty Ltd (ACN 001 533 777)
6. Dargues Gold Mine Pty Ltd (ACN 117 848 790)
7. Big Island Mining Pty Ltd (ACN 112 787 470)

Cobar

CANBELEGO

ROAD

LEGEND

Processing Facility

Operating Mine

Development Project

Tenement Holding

Road

Locality

Y A W DMAN I K

KI N GS

HIGHWAY

NSW

Majors Creek

LEGEND

Processing Facility

Operating Mine

Tenement Holding

Road

Locality

1 Aurelia Metals Annual Report 2023, page 14

OUR SUPPLY CHAIN

-

We procure goods and services from a diverse range of suppliers which we have broadly categorised as Exploration, Support Services, Mining, Processing, Transportation, Construction and Corporate.

We procured over A$278 million in goods and services from over 200 direct Australian suppliers (Tier 1), a substantial decrease from FY22 spend and the number of suppliers (FY22: ~A$370 million from approximately 1,100 direct Australian suppliers (Tier 1)).

We're committed to supporting local businesses and the communities in which we are operate. This year, we procured 40% of all goods and services required for our operations from local suppliers.

When compared to FY22 supply chain spend, construction related works fell within the Support Services category, however, this year due to the ramping up of construction works at our Federation Project, we have included it as its own separate category. Transportation and Processing increased whereas Mining, Exploration, Corporate decreased. The decreases were, in part, due to a reduction in exploration activities, the cessation of mining operations at Hera and its surface facilities transitioning into care and maintenance, and the transition from contractor mining to owner operator mining at Peak.

We're proud to report that 98% of our direct procurement spend comes from Australian suppliers with the balance being international from countries including: Germany, Denmark, Spain, The Netherlands, Singapore and the United Kingdom.

PROCESSING

• Chemical and reagent suppliers
• Laboratory services and testing
• Mill and grinding consumables
• Tailings Storage Facility (TSF) management / upgrades / construction

EXPLORATION

• Dilling contractors
• Geological services and consultants

MINING

• Mining contractors (including raiseboring)
• Equipment purchase and hire
• Equipment and maintenance services
• Drill and blast (explosives etc.)
• Fuels and oils

CORPORATE AND OTHER

• Advisory and regulatory services
• IT services
• Insurance

TRANSPORTATION

• Freight (road and rail)
• Haulage
• Port services and shipping

CONSTRUCTION

• Installing, modifying, or maintaining building or civil infrastructure assets including preparatory works (including but not limited to the Federation vent fan installation, earthworks and boxcut works, muster building and change house, camp extension and road upgrades).

SUPPORT SERVICES

• Utility providers (power, water, gas, communication etc.)
• Engineering and fabrication services
• Parts and consumable suppliers
• Cleaning and waste management
• Camp accommodation and services
• Project management services