Environment
Protecting and supporting the environment that Serabi operates in is a key consideration for all operational decisions.
Responsible environmental stewardship with:
- Small footprint from underground mines with no conventional tailing’s dams
- Zero activity in primary rain forest
- Continuous monitoring of air and water quality
- Maximising recycling of water and waste materials
- Ongoing remediation of sites degraded by artisanal mining activity
- Monitoring of biodiversity and on-site nursery for cultivation of indigenous plants and trees
- 66% of waste recycled or repurposed
The Group is working with these providers and hopes that a new reliable power supply will be established during the next 24 months that will allow for a significant reduction in the Group’s CO2 emissions. Nonetheless the Group’s greenhouse gas emissions intensity of 589kgs CO2-e/ oz Au is 31% lower than the industry average.
As a goal, we seek to reduce emission intensity by improving operational and energy efficiency. Performance is monitored through the annual GHG inventory, allowing us to
assess emission trends and identify reduction opportunities, including evaluating lower-carbon energy alternatives in the long term.
Environmental Stewardship
Protecting the environment is fundamental to Serabi’s operations and embedded in how we design and operate our mines. Our approach follows the mitigation hierarchy: avoid, minimize, restore, and, as a last resort, compensate. This is reflected in our focus on efficiency and selectivity, using only what is necessary and minimizing disturbance.
Our high-grade underground mining methods reduce surface impact, while narrow-vein mining and ore sorting limit inputs and waste generation. Degraded areas are progressively restored through reforestation. Tailings are managed through a two-step process that reduces water use, with water returned to the plant and dried material dry-stacked in a dedicated area.
This resource-efficient approach extends across the business, guiding procurement and operations. We prioritize reducing inputs, extending asset life, repairing where possible, and applying circular economy principles. Waste is segregated at source, with reuse prioritized before recycling and disposal.
Local sourcing is also a priority, supporting regional suppliers, reducing transport distances and emissions, and strengthening local value chains.
Beyond managing our own footprint, we contribute to improved regional outcomes by working with communities and suppliers to protect and restore ecosystems. In a region where activities such as informal mining, agribusiness, and logging place pressure on forests, water, and soils, our sites often retain higher levels of native vegetation and biodiversity, acting as refuges for wildlife and biodiversity.
Allocation of environmental monitoring stations
Serabi has a nursery in which it grows native trees for rehabilitating deforested areas, including areas licensed for suppression by the Company.
During 2025, a programme of reforestation around the Palito Complex has been undertaken with the planting of 1,201 native trees grown in Serabi’s own nursery compared with 331 native trees in 2024. Restoration of exploration drill sites has been ongoing throughout the year using hydro-seeding of native grasses on the impacted areas.
Serabi aims to maximise the amount of process plant water it recycles to minimise its freshwater demand. In total, 48% of process water was recycled during 2025 compared with 46% during 2024.
In addition, the Company has a policy of recycling as much waste material as possible, achieving a level of 66% during the year compared with 65% in 2024.
