ASX-listed Si6 Metals has engaged monitoring platform Socialsuite to streamline the explorer’s disclosure and reporting process for its recently adopted environmental, social and governance, or “ESG” framework.
Si6’s ESG focus includes the 21 core and 34 expanded metrics and disclosures outlined by international non-government organisation, the World Economic Forum, or “WEF”.
The company says there are increasing expectations on mining and exploration companies to improve their ESG performance and believes the framework outlined by the WEF is the most appropriate for Si6’s operations.
With significant projects in Western Australia and Botswana, Si6 says its goal is to demonstrate commitment and progress on its ESG reporting and aims to deliver on a range of requirements.
Its undertakings include reports on matters of governance, anti-corruption practices, ethical behaviour, human rights, carbon emissions, land use, ecological sensitivity, water consumption, diversity and inclusion, pay equality and tax payments.
Si6 Executive Chairman, Patrick Holywell said: “Si6 is charting a course to build resilience and enhance our social licence to operate through a greater commitment to long-term, sustainable value creation that embraces the wider demands of people, the planet and our shared prosperity.”
Founded in Melbourne in 2014, Socialsuite develops and provides technology solutions to measure and manage social impact and ESG reporting.
Si6 says Socialsuite has established a strong global reputation and is confident the monitoring platform will demonstrate the explorer’s ESG progress against the WEF standards.
In Botswana, Si6 is exploring for base and precious metals within the Limpopo mobile belt, a district known for major nickel and copper producing operations.
The company’s portfolio contains an advanced resource at the Maibele North prospect of 2.36 million tonnes at 0.72 per cent nickel and 0.21 per cent copper in addition to high-grade copper-silver discoveries at Airstrip and Dibete.
In WA, Si6’s Monument gold project covers 310 square kilometres in the highly prospective and world-class Laverton gold district in the Goldfields region.
The district is said to contain about 30 million ounces of gold, pegging it as the second-highest gold endowed district behind Kalgoorlie.
Neighbouring gold mining companies include Gold Fields and its 8-million-ounce Granny Smith and Wallaby Mines and AngloGold Ashanti and its 9-million-ounce Sunrise Dam mine.
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