MinRes: Mineral Resources : 2024 Sustainability Report

MINERAL RESOURCES LIMITED 2024 SUSTAINABILITY REPORT CONTENTS ABOUT THIS REPORT 6 SUSTAINABILITY COMMITTEE CHAIR LETTER 8 OUR FY24 PERFORMANCE 11 OUR COMPANY PROFILE 15 OUR SUSTAINABILITY APPROACH 19 GOVERNANCE 37 OUR GOVERNANCE 38 ETHICS AND INTEGRITY 50 VALUE AND PERFORMANCE 56 RESPONSIBLE SUPPLY CHAIN 60 SOCIAL 73 SAFETY, HEALTH AND WELLBEING 74 ATTRACTING AND RETAINING TALENT 94 DIVERSITY AND INCLUSION 106 LAND ACCESS AND CULTURAL HERITAGE 114 COMMUNITY AND STAKEHOLDER RELATIONSHIPS 122 ENVIRONMENT 135 ENVIRONMENTAL STEWARDSHIP 136 WATER 158 WASTE AND AIR QUALITY 168 CLIMATE CHANGE 182 TABLES AND FIGURES INDEX 209 INDEPENDENT LIMITED ASSURANCE STATEMENT 212 GLOSSARY AND LIST OF ABBREVIATIONS 219 ACKNOWLEDGEMENT OF COUNTRY MINERAL RESOURCES LIMITED (MINRES) IS COMMITTED TO RECONCILIATION AND RECOGNISES AND RESPECTS THE SIGNIFICANCE OF ABORIGINAL AND TORRES STRAIT ISLANDER PEOPLES' COMMUNITIES, CULTURES AND HISTORIES . We acknowledge Aboriginal and Torres Strait Islander People as the first and continuing custodians of the land and waters, and in doing so pay respect to Elders past and present. We extend this acknowledgement and respect to Indigenous Peoples and communities globally. MinRes is proud to work on Aboriginal Country and alongside Traditional Owners. We remain dedicated to listening, learning, and working together with Aboriginal and Torres Strait Islander Peoples to build a future for generations to come. We recognise that preferred language and terminology may differ among regions. When used herein, "Indigenous Peoples" and "Indigenous Australians" refers to Aboriginal and Torres Strait Islander Peoples. CREATING INNOVATIVE SOLUTIONS . ACHIEVING OUR VISION. REDUCING OUR IMPACT . A s a proud Western Australian based company, we aim to support world-class projects and deliver long-term benefits for employees, communities and shareholders, while undertaking responsible mining practices. This year, we achieved significant milestones in our company's history driven by our people, who are instrumental to our success and growth. Our 2024 Sustainability Report acknowledges one of the best development years in our company's history and celebrates the next generation of our MinRes workforce - our apprentices and graduates - who apply fresh thinking, enthusiasm and problem-solving skills to help write our next chapter. At MinRes, the future's bright. We keep innovating, challenging the status quo and setting new industry standards because we dig different . PHOEBE KLEPPE WE ARE COMMITTED TO A HIGH LEVEL OF CORPORATE GOVERNANCE THAT ENCOURAGES A CULTURE VALUING SAFE, ETHICAL BEHAVIOUR, INTEGRITY AND RESPECT . ABOUT THIS REPORT OUR SUSTAINABILITY APPROACH GOVERNANCE SOCIAL ENVIRONMENT TABLES AND FIGURES INDEX INDEPENDENT ASSURANCE STATEMENT GLOSSARY AND ABBREVIATIONS GRADUATE ENVIRONMENTAL ADVISOR MINERAL RESOURCES LIMITED 2024 SUSTAINABILITY REPORT I 5 ABOUT THIS REPORT MINERAL RESOURCES LIMITED 2024 SUSTAINABILITY PERFORMANCE DATA TABLES Sustainability Performance Data Tables MINERAL RESOURCES LIMITED 2024 ANNUAL REPORT Annual Report 2024 MODERN SLAVERY STATEMENT Modern Slavery Statement TAX TRANSPARENCY REPORT Tax Transparency Report 2024 CORPORATE GOVERNANCE STATEMENT Corporate Governance Statement ABOUT THIS REPORT This Sustainability Report serves as an informational resource designed to provide stakeholders with valuable insights into MinRes' management of its material sustainability topics and its performance for the financial year ended 30 June 2024 (FY24). This report forms part of the annual reporting suite, which brings together non-financial and financial performance for the financial year. It is best read in conjunction with the Sustainability Performance Data Tables , Annual Report and other MinRes communications, which are accessible via the MinRes website . All references to 'MinRes', 'the Company', 'the Group', 'we', 'us' and 'our' refer to Mineral Resources Limited (ABN 33 118 549 910) and the entities it controlled, unless otherwise stated. Refer to our 2024 Annual Report for further information. This report was reviewed and approved by MinRes' Board of Directors on 9 October 2024. PUBLISHED DATE This report was published on 21 October 2024. REPORTING PERIOD This report covers the period from 1 July 2023 - 30 June 2024. References in this report to 'year' are to FY24 unless otherwise stated. CURRENCY REFERENCES All dollar figures are expressed in Australian dollars (AUD) unless otherwise stated. REPORTING FRAMEWORKS This document has been prepared in accordance with the following frameworks: Our sustainability performance against these frameworks can be found in our 2024 Sustainability Performance Data Tables . In addition, we voluntarily engage with several top-tier organisations who assess and rank our sustainability performance across financially material environmental, social and governance (ESG) risks. These organisations include: REPORTING BOUNDARIES We strive to apply consistent reporting boundaries and provide complete and transparent reporting in line with industry best practice. The sustainability content published within the Sustainability Reporting suite covers functions and assets (including those under exploration, projects in development or execution phase, and sites and operations under care and maintenance) that are wholly owned and/or operated by MinRes or that are owned as a joint venture operated by MinRes (referred to as 'operations' or 'assets'). 1 This includes assets where MinRes directly or indirectly controls and directs the day-to-day management and operation of the asset, whether by contract or otherwise. Sustainability-related data and information relating to our non-wholly owned subsidiary Resource Development Group Limited (RDG) has been excluded from the sustainability content published within the Sustainability Reporting suite unless expressly stated otherwise. Where RDG data is included as required to meet legal and regulatory requirements or as necessary to meet applicable References to a 'joint venture' in the sustainability content published within the Sustainability Reporting suite are used for convenience to collectively describe assets that are not wholly owned by MinRes. Such references are not intended to characterise the legal relationship between the owners of the asset. ABOUT THIS REPORT (CONTINUED) voluntary standards and benchmarks, that data has been prepared in accordance with MinRes policies. MinRes also holds interests in assets that are owned as a joint venture but not operated by MinRes (referred to as 'non-operated joint ventures'). Non-operated joint ventures are not included in MinRes' reporting and, as a result, statements regarding our operations, assets and values apply only to our operated assets unless expressly stated otherwise. The locations of our operations are shown on page 15. DISCLAIMER This document contains forward looking statements, including, but not limited to expectations regarding: climate change and climate-related risks and opportunities future execution of MinRes' Net Zero Roadmap achievements of net zero emissions in accordance with the projections from 2025-2050 development and implementation of technologies or emission reduction projects trends in commodity prices and their supply and demand regulatory and policy developments. When used herein, the words "anticipate", "believe", "could", "estimate", "expect", "going forward", "intend", "may", "plan", "project", "seek", "should", "will", "would" and similar expressions, as they relate to the Company, are intended to identify forward looking statements. The forward looking statements are based upon certain assumptions and information available to the Company as at the date of this document. These assumptions may prove to be incorrect. There are also limitations with respect to scenario analysis which is difficult for the Company to predict what scenarios (if any) may eventuate. Forward looking statements are not a guarantee of future performance as they involve risk, uncertainty and other factors, which are beyond the Company's control and may cause results to be different from statements in this document. The Company cautions against undue reliance on any forward looking statements. This document does not purport to be all inclusive or to contain all information which its recipients may require to make an informed assessment of the Company's sustainability performance. To the fullest extent permitted by law, MinRes, its affiliates and their respective officers, directors, employees and agents, accept no responsibility for any information provided in this document, including any forward looking statements, and disclaim any liability whatsoever (including for negligence) for any loss howsoever arising from any use of this document, reliance on anything contained in or omitted from it, or otherwise arising in connection with this document. In addition, MinRes accepts no responsibility to update any person regarding any inaccuracy, omission or change in information, the Company's expectations in this document or any other information made available to a person, nor any obligation to furnish the person with any further information. This document should not be relied upon as a recommendation by, or advice from MinRes to deal in its securities. This document should be read in conjunction with other MinRes periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX). PERFORMANCE DATA Figures in tables and in text presented in this report may be rounded. Figures in text are generally rounded to one decimal place, whereas figures in tables are generally rounded to the nearest whole number. Discrepancies in tables between totals and sums of components are due to rounding. Our 2024 Sustainability Performance Tables disclose MinRes' sustainability performance data, which illustrates our performance against our sustainability targ