Koonenberry Gold Limited has adhered to environmental guidelines during its mineral exploration activities and has outlined its commitment to corporate governance and risk management. The Group has followed procedures and pursued objectives in line with applicable guidelines issued by the Commonwealth or of a state or territory of Australia, ensuring minimal environmental impact and site rehabilitation where necessary.
Material actions and disclosures
The Group has not been found to have breached any Commonwealth or State/Territory environmental rules or regulations during the period. Additionally, the Group has insured its Directors and Officers against costs and expenses incurred in defending civil or criminal proceedings, except where the liability arises out of conduct involving a wilful breach of duty.
The Group has also provided an annual estimate of expenditure to license authorities for the year ending 30 June 2027 of approximately $1,820,000 in respect of exploration license leases and related items.
Forward commitments
The Group aims to manage risks associated with mineral exploration and development, including geological conditions, adverse weather, and unanticipated operational or technical difficulties beyond the control of the Group. This is managed by undertaking exploration activities when more favourable seasonal weather patterns are expected and extensive planning and completion of the work by experienced professionals.
The Group also plans to continue adhering to regulatory guidelines and local conditions applicable to its activities in New South Wales and elsewhere, ensuring compliance with environmental legislation, regulations, and licences.
These actions and commitments reflect Koonenberry Gold Limited’s ongoing commitment to environmental responsibility and corporate governance.