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PK:MWSNF

Mawson acknowledges that Environmental, Social and Governance ("ESG") forms a comprehensive framework for our Company to successfully navigate and balance the benefits of our projects to the planet, people and profit.

ESG PROGRAMS

ESG AND SUSTAINABILITY MEMBERSHIPS

Mawson has had an active ESG program operating for many years, and we are constantly developing and adding to it as our projects grow and develop.

The Company complies with The Finnish Network for Sustainable Mining "Standard for Sustainable Exploration". The standard is comprised of Guiding Principles and three Protocols, which cover the entire lifecycle of exploration activities. The Protocols include community relationships, environment and safety. Mawson applies The Finnish Network for Sustainable Mining assessment to follow and further develop our exploration methods and practices, stakeholder engagement, techniques and activities. This assessment is implemented annually and is externally verified every third year.

Mawson is a member of FIBS, the largest corporate responsibility network not only in Finland but also in the Nordic countries. FIBS’ goal is to inspire more and more Finnish companies to start developing productive solutions to local and global problems in cooperation with other companies and organizations, so that they can rise to the top of sustainable business globally.

In Australia, Mawson is a member of the Minerals Council of Australia (“MCA”) and abides by its policies, including its Water Policy and Towards Sustainable Mining ® (TSM), an award-winning accountability framework which helps minerals companies evaluate, manage and communicate their sustainability performance. Mawson is an active member of the MCA in order to engage broadly more broadly with fellow industry peers and stakeholders.

FINLAND ENVIRONMENT

The Rompas-Rajapalot project is an advanced exploration project. Finland has rigorous regulatory processes with strict environmental standards and Mawson is committed at this early project stage to work with the regional and national authorities and broader stakeholder groups to develop the project in a responsible way. Mawson has completed ten years of flora, fauna and water base line studies, annual monitoring and Natura 2000 impact assessments (including all environmental values) at Rompas-Rajapalot. The Company has also created nesting sites for some of the rare bird species living in the area. Satellite and camera monitoring is carried out to obtain information on nesting. The Company looks forward to continuing to work closely with both the mining and environmental authorities and other stakeholders over the coming years to ensure its work is conducted according to sustainable and global best practice methods.

In November 2014, Mawson announced the appointment of environmental specialist, Noora Ahola, to the position of Environmental Leader Finland. Noora is a Forestry Engineer with a Masters Degree in Landscape Management. She has developed strong experience within the Finnish environmental administration, applying environmental legislation towards nature protection. Her most recent role was with The Centre for Economic Development, Transport and the Environment for Lapland (ELY-Centre) in the Nature Protection Unit as a project manager for a program based on developing biodiversity and ecological connections between Natura 2000 sites.

As Environmental Leader, Noora sets Environmental Policy with senior management and is responsible for environmental monitoring and management plans. She is responsible for identifying and managing key environmental risks associated with Mawson's projects and for ensuring environmental factors are effectively addressed and managed. Working closely with local communities and government, Noora manages consultants and ensures that environmental criteria are integrated into the design of exploration projects. Her role is as a key member of the exploration team and is responsible for ensuring all environmental requirements are delivered on time and within scope.

Mawson carries out its exploration activities in large areas, including areas with a conservation status. Natural regeneration capacity in the northern regions of Finland is slower than in the southern regions due to the cold climate and short growing season. All activities must therefore be carefully and thoughtfully planned to maintain and achieve sustainability.

The Company is committed to carry out all research measures implemented with special care, according to Finnish national legislation, guidelines and recommendations provided by the environmental administration authorities. In addition, international legislation, and in particular the Habitats and Birds Directives, guides the Company's operations. As a part of the Company's development, it also invests in new exploration methods and techniques with less significant impacts. The Company's aim is to carry out all its activities in an ecologically, socially and economically sustainable manner. The Company also requires its subcontractors commit to the corresponding accountability in all their activities.

EIA AND LAND USE PLANNING PROCESSES

In February 2021, Mawson announced that two key planning processes, the Environmental Impact Assessment (“EIA”) and land use planning have been initiated for the Rajapalot gold-cobalt project in Finland.

The purpose of the EIA procedure is to generate information on the environmental impacts of a project, facilitate the consideration of environmental issues in planning and decision-making processes, and give the public and other stakeholders opportunities to participate in and affect these processes and planning. The initiation of EIA and land use planning:

  • Is demonstrative of the long term, strong local stakeholder support for one of Finland’s strategic gold-cobalt projects; and
  • Further de-risks the project, as resource-expansion drilling is ongoing.

On 18 December 2020, Mawson requested the Lapland Centre for Economic Development, Transport and the Environment (“ELY”) to arrange a preliminary consultation in accordance with the EIA Procedures Act, which defines projects whose environmental impact must always be assessed. This triggered the commencement of the preparation stage of the EIA for the Rajapalot gold-cobalt project. In Finland, the potential impacts of a project are assessed at the report stage of the EIA process which follows the EIA preparation stage.

Mawson considers stakeholder engagement and collaboration to be a critical part of the potential development of the Rajapalot project, and social aspects will be a key part of the EIA preparation process. The EIA is a project planning tool, and its results must be taken into account when granting permits for projects.

In combination with the EIA, the two municipal areas where the Rajapalot gold-cobalt project is located, the City of Rovaniemi and Municipality of Ylitornio, at the request of Mawson, formally decided to start the sub-area Local Master land use planning processes. Both municipalities made decisions to propose to the Regional Council of Lapland (“Lapin Liitto”) to start the phased provincial land use plan for the Rajapalot gold-cobalt project.

The regional land-use plans set out the principles of land use and the community structure. The phased provincial land use plan is a long-term plan and a guideline for the municipalities when drawing up and amending local master plans and local detailed plans.

Mawson will be responsible for the costs of the EIA and land use planning, as well as the studies to be prepared for them and any measures that require compensation.

ROMPAS AND RAJAPALOT PROJECTS

The main areas of the Company's Finnish operations, Rompas and Rajapalot, are located on the border of Rovaniemi and Ylitornio municipalities in northern Finland. The Company has completed a variety of nature studies, and also implemented a Natura 2000 impact assessment related to the future and ongoing exploration activities. Previously there existed only little scientific research on the impacts of different kinds of exploration methods on the nature and environment in these areas and therefore the Company's exploration activities and their impacts on the natural environment, species and water have been monitored continuously. Monitoring activities have provided long-term research information on the impacts and how sampling and exploration work should be carried out in a sustainable way without causing damage to environmental values.

During core sampling programs at Rajapalot, Mawson completes biological mapping of all areas where drilling takes place, and works together with all authorities to minimize its impacts, including the capture of all drill cuttings, reduction in total machine weight and drilling only in the winter season when the snow and ice coverage protects the habitat types and vegetation efficiently. Mawson is also involved in developing and testing new, more environmentally friendly exploration methods such as snow and biochemical sampling.

Certain areas of the Rompas-Rajapalot areas (namely claim Kairamaat 2-3, Uusi Rumavuoma and Rompas) are defined as EU Natura 2000 designated areas. Natura 2000 sites cover about 14.6% of Finland and over 30% of Northern Finland. Natura 2000 is the centrepiece of EU nature and biodiversity policy. It is an EU-wide ecological network of nearly 27,800 sites in the 27 EU countries, established under the 1992 Habitats Directive. In total, these sites cover a substantial area; almost a fifth of Europe’s land area and nearly 10% of the surrounding seas. This makes it the largest coordinated network of conservation areas anywhere in the world. The aim of the network is to assure the long-term survival of Europe's most valuable and threatened species and habitats. Natura 2000 is not a system of strict nature reserves where all human activities are excluded. Whereas the network will certainly include nature reserves, most of the land is likely to continue to be privately-owned and the emphasis will be on ensuring that future management is sustainable, both ecologically and economically.

A decision was made in January 2019 by the Finnish Safety and Chemical Agency ("TUKES") to grant modified and renewed exploration claims titled Kairamaat 2 and 3 that cover a surface area of 1,462 hectares at Mawson's Rajapalot gold project in northern Finland, that entitles Mawson to deep drill during winter conditions within Natura 2000 biodiversity areas. The decision will take legal effect after a standard public appeal process, which can take up to 2 years.

In 2014 the Finnish Government updated the Guide to Exploration in protected areas, the Sámi homeland and the reindeer managing area.

On 04 October 2010 the EU published a guidance document and related press release for new guidelines to clarify rules for extractive industries working in Natura 2000 areas.

In 2010 Euromines (http://www.euromines.org/) published "Natura 2000: A Guide to the Guide" as an Industry Commentary to the European Commission Guidance on Non-energy mineral extraction and Natura 2000. For more information follow this link.

In 2019, the EU published Case Studies for Non-Energy Mineral Extraction in Relation to Natura 2000 .

VICTORIA

In Victoria, Australia Mawson has a dedicated Manager Geology, Stakeholder Engagement, and Compliance (Lisa Gibbons) and consultant, Adam Place at Tesbury Consulting Services, for Victorian stakeholder management, community engagement, government relations. The company is committed to earning the trust of landowners and other community stakeholders. We strive to conduct all exploration activities by meeting and exceeding regulatory requirements and community expectations.

Tel: 1800 717 638 or (03) 4310 2692

Email: info@mawsongold.com

A Community Engagement Form is provided for stakeholders and members of the local community can contact the company and raise any issues.

Mawson abides by and attempts to exceed the Victoria Code of Practice for Mineral Exploration to ensure an economically viable exploration mining industry which makes the best use of mineral resources in a way that is compatible with the economic, social and environmental objectives of the State of Victoria.

Mawson is a member of the Minerals Council of Australia (“MCA”) and abides by its policies, including its Water Policy. The Company is an active member of the MCA in order to engage more broadly with fellow industry peers and stakeholders.

Mawson actively engages with local and state government representatives and aims to be a valuable member of the local communities in which it works.

The Company has a dedicated Indigenous People’s Policy and actively engages with the Taungurung Land & Waters Council.

Mawson supports the Whroo Goldfields Conservation Management Network in the protection and monitoring of the phascogale network.