Environment

Tailings management is a critical aspect of our environmental stewardship at Blanket Mine. As one of the most significant waste streams in mining, tailings require careful handling to ensure long-term stability and minimal environmental impact. We apply strict management controls, taking a structured and proactive approach to tailings management, ensuring safety, stability, and environmental protection, and align our practices with international best standards, incorporating key principles from the Global Industry Standard for Tailings Management (“GISTM”) where practicable. By embedding stringent monitoring and control measures, we ensure that our TSFs operate safely and in alignment with evolving global best practices. Through continuous improvement and oversight, we remain committed to safeguarding the environment and surrounding communities while maintaining responsible and efficient mine operations.

In 2024, Blanket Mine operated two TSFs: an older facility constructed in 1995, which is now being phased out, and a newly developed TSF designed to modern engineering and safety standards. Deposition on the old TSF ceased in late 2023, and ongoing stability monitoring is in place as part of our responsible closure and rehabilitation process.

Our new TSF, designed by Knight Piésold, integrates enhanced environmental and safety features. A rigorous site selection process was undertaken to minimise potential impacts on communities and water sources. The first phase of the facility was successfully commissioned in October 2023, with subsequent phases scheduled for completion in 2024 and 2025.