Sustainability

Our Commitment to Sustainability

At Pan Global Resources, we recognize the critical importance of sustainability in today's world. As a mining company with operations focused on exploring for copper, tin, silver, and gold in Spain with projects in the provinces of Cordoba, Sevilla, and Huelva, we are dedicated to conducting our activities responsibly and with attention to our communities and the environment. Our commitment to sustainability extends across all aspects of our operations, including community investment, historical preservation, environmental protection, water quality and use, air quality, and land reclamation.

At Pan Global Resources, sustainability is a fundamental part of our daily business. Our commitment to responsible exploration for copper, tin, silver, and gold in Southern Spain encompasses community investment, historical preservation, environmental protection, responsible water and air management, and adherence to global and EU commitments. We understand that responsible mining is not only essential for our business but also for the well-being of the communities and environments in which we operate. Through our unwavering dedication to sustainability, we aim to leave a positive legacy that lasts for generations to come.

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Our first external ESG report - Digbee

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Copper as a Key Element for the Green Economy

Copper, one of the primary minerals we target for exploration, holds a special significance in the European Union. The EU has recognized the importance of copper as a critical raw material and announced in March 2023 that copper would be included as one of 34 materials designated under the Raw Materials Act.

The inclusion of copper on the Critical Minerals and Metals List is expected to provide direct benefit to Pan Global’s Escacena copper project in Spain’s Iberian Pyrite Belt. The Iberian Pyrite Belt is one of the most important mineral provinces in Europe and arguably the most significant Volcanogenic Massive Sulphide mining district for copper and other metals globally. The EU's announcement underscores the importance of Pan Global’s copper project, which has the potential to supply the EU with a reliable source of this essential metal. In a recent study conducted by the European Commission, it was reported that the EU imports 48% of its current copper requirements, the majority of which derives from Chilean exploration and extraction and from Chinese processing facilities.
Moreover, the EU's emphasis on responsible and sustainable sourcing of critical minerals is expected to drive improvements in environmental, social, and governance practices within the copper industry. This will benefit not only the EU but also the global community by reducing the environmental impact of mining and promoting fair labour practices.

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Community Investment: Fostering a Positive Impact

At Pan Global Resources, we firmly believe that sustainable mining involves more than just extracting minerals; it's about creating a positive impact on the communities we operate in. We understand that our activities can have both direct and indirect effects on the local communities. Therefore, we are dedicated to investing in the well-being and development of people and communities. Our community investment initiatives include supporting education, partnering with post-secondary institutions to enhance training, and infrastructure development. We also prioritize hiring locally, providing employment opportunities, and fostering skill development among community members. By collaborating with local stakeholders, we aim to build strong, long-lasting relationships based on trust, respect, and mutual benefit. Many of our team members live in the historical mining town of Aznalcóllar where our Spanish office and core facilities are located.

Historical Preservation: Preserving the Rich Cultural Heritage

Southern Spain boasts a rich cultural heritage that spans millennia. We recognize the historical significance of the regions where we operate and are committed to preserving and protecting archaeological and cultural sites. Before commencing any exploration activities, we conduct thorough assessments and work closely with land owners to ensure our activities have zero impact. Our commitment to historical preservation extends beyond compliance with regulations; we actively engage with local historical societies and heritage organizations to contribute to the ongoing protection and understanding of the region's history for the current and future generations.

Environmental Protection

Mining inherently involves altering the environment, but our commitment is to minimize and mitigate these impacts. We employ state-of-the-art technologies and industry best practices to ensure that our exploration activities have the least possible environmental footprint. We prioritize:

•Biodiversity Conservation: We conduct thorough biodiversity assessments and implement measures to protect local flora and fauna. These efforts align with the United Nations Global Compact commitment to promote responsible land use and sustainable ecosystems.

•Land Reclamation: Pan Global Resources ensures that all disturbed land is restored to its original state once exploration activities are complete. This commitment to land reclamation safeguards the long-term health of ecosystems and habitats.

•Reducing Greenhouse Gas Emissions: We are dedicated to minimizing greenhouse gas emissions associated with our operations. This includes adopting energy-efficient equipment and exploring renewable energy sources wherever feasible.

•Waste Management: We adhere to strict waste management protocols, including recycling and responsible disposal of waste materials, to prevent pollution and contamination.

Water Quality and Use: Responsible Stewardship

Water is a precious resource, especially in arid regions like Southern Spain. We are committed to responsible water management practices that ensure the preservation of water quality and efficient water use in our operations. Our initiatives include:

•Water Quality Monitoring: Regular monitoring of water sources ensures that our activities do not adversely affect water quality in the region.

•Efficient Water Use: We employ water-efficient technologies and practices to minimize water consumption in our operations.

•Reclamation of Water Bodies: After the completion of our operations, we restore any altered water bodies to their natural state, ensuring they remain healthy and accessible for the community.

Air Quality: Protecting Human Health and the Environment

Air quality is a crucial aspect of environmental sustainability. We are committed to monitoring and mitigating any potential impacts on air quality resulting from our operations. Our efforts include:

•Dust Control Measures: Implementing dust control measures to minimize airborne particulate matter and maintain air quality standards, as well as rigorous dust monitoring program on employees for individual health and safety.Emissions

•Reduction: Utilizing equipment and technologies that reduce emissions of pollutants, such as sulfur dioxide and nitrogen oxides.

•Community Engagement: Engaging with local communities to address concerns related to air quality and sharing information on our initiatives to mitigate air quality impacts.

•Global Commitment: UN Global Compact and EU's Raw Materials Act

Pan Global Resources is proud to be a signatory to the United Nations Global Compact, reaffirming our commitment to sustainable and ethical business practices. Through this commitment, we align our operations with the UN's Sustainable Development Goals, emphasizing responsible mining as a key driver of sustainable development.

Governance: Upholding Transparency, Ethics, and Efficiency

At Pan Global Resources, we consider effective governance to be the cornerstone of our commitment to sustainability. We understand that responsible mining is not only about what we extract from the earth but also about how we conduct our business. Our governance principles revolve around transparency, ethical behavior, and the efficient and prudent use of shareholder funds.

Transparency: Openness as a Guiding Principle

Transparency is vital to building trust with our stakeholders, which includes not only shareholders but also communities, regulators, and the public. We believe in being open and honest about our operations, risks, and performance. Our commitment to transparency includes:

1.Reporting and Disclosure: We provide regular, detailed, and accurate updates on our financial performance, environmental impacts, and sustainability initiatives. These reports are made available to shareholders and the public, ensuring that everyone has access to essential information.

2.Stakeholder Engagement: We actively engage with our stakeholders to understand their concerns and incorporate their feedback into our decision-making processes.

3.Compliance: Pan Global Resources adheres to all relevant laws and regulations, ensuring that our operations are conducted with integrity and in full compliance with the highest ethical standards.

Ethical Behavior: The Foundation of Our Actions

Ethical behavior is non-negotiable at Pan Global Resources. We believe in conducting our business with integrity and honesty, and we hold ourselves to the highest ethical standards. Our commitment to ethical behavior includes:

1.Code of Conduct: We have established a comprehensive code of conduct that outlines the expected behavior of all employees, contractors, and stakeholders. This code emphasizes integrity, respect, and ethical decision-making.

2.Anti-Corruption Measures: Pan Global Resources has stringent anti-corruption policies in place to prevent bribery and corrupt practices. We are committed to maintaining clean and ethical business practices in all our operations.

3.Conflict of Interest Policies: We have clear conflict of interest policies to ensure that our employees and stakeholders do not engage in activities that could compromise the integrity of our operations or decision-making processes.

Efficiency and Prudent Use of Shareholder Funds: Maximizing Value

We recognize that efficient use of shareholder funds is essential to create value and generate returns. Our commitment to efficiency includes:

1.Cost Management: Pan Global Resources rigorously manages costs throughout our operations, identifying opportunities for optimization without compromising safety or environmental responsibility.

2.Capital Allocation: We prioritize capital allocation to projects that not only have the potential for financial returns but also align with our sustainability goals and values.

3.Risk Management: We employ robust risk management practices to identify, assess, and mitigate risks that could impact the efficient use of shareholder funds.By upholding these governance principles of transparency, ethical behavior, and efficiency, we ensure that our operations are not only financially sound but also aligned with our commitment to sustainability. We believe that responsible mining includes responsible governance, and we are dedicated to setting the highest standards in this regard. Through these principles, we aim to build long-lasting trust with our shareholders and stakeholders, underpinning our commitment to sustainability in every aspect of our business.

At Pan Global Resources, we understand that sustainability is a holistic concept, encompassing not only our environmental and community responsibilities but also our governance practices. We are committed to upholding these principles and continuously improving our governance framework to meet the evolving needs of our stakeholders and the ever-changing landscape of responsible mining.

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Sustainability

Our first external ESG report - Digbee

Copper as a Key Element for the Green Economy