Highfield Resources : Sustainability Report 2024

Sustainability Report

2024

CEO Message 1

ESG Commitment 3

Performance Highlights 8

Data Summary 23

GRI Index 26

‌CEO Message

Dear Stakeholders,

As we navigate an evolving regulatory landscape, I want to reaffirm Highfield Resources' dedication to advancing our Environmental, Social, and Governance (ESG) commitments. We recognize the importance of aligning our operations with the latest standards and are actively working towards compliance with Australian climate reporting legislation. While this process will take time, we remain steadfast in our efforts and will ensure full compliance in due course, reflecting our commitment to upholding the highest standards of corporate governance and accountability.

In addition, we are equally focused on adhering to the Corporate Sustainability Reporting Directive (CSRD). As global attention on sustainability intensifies, we understand the pivotal role that comprehensive and transparent reporting plays in building trust and achieving long-term success.

Reflecting on 2024, I am proud to share the significant strides we have made in ESG. Through the Minerética initiative, we have made presentations about the critical role minerals play in societal well-being and in shaping a sustainable future. A key milestone was our participation in the event, 'Present and Future of Key Raw Materials for Sustainability,' which showcased international cooperation, including active engagement with government representatives. This initiative underscores the importance of public-private collaboration in sustainable resource management.

We are also honored that Geoalcali's educational initiative, "Essential Minerals for a Sustainable Future," received the Fundación Minería y Vida prize. This program continues to raise awareness about the indispensable role of minerals in building a greener future.

Our commitment to community engagement remains strong through the Muga Community initiative, fostering active dialogue and collaboration with local communities. Additionally, we paid tribute to the legacy of the miners of Potasas de Navarra. They continue to inspire our efforts on the Muga project.

As we look ahead, our resolve to drive sustainable progress, empower communities, and uphold industry-leading governance remains unwavering.

Together, we are not only building a sustainable future but also demonstrating the potential of mining to contribute significantly to society.

Thank you for your continued trust and partnership.

Ignacio Salazar

CEO and Managing Director Highfield Resources and Geoalcali

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3 ESG Commitment Governance

The Company recognizes that managing ESG impacts contributes to long-term value creation. Since its inception, we have prioritized listening to all stakeholders to define strategies and manage material topics as the Project evolves. This continued dialogue helps us identify and address key issues effectively.

The Group's committees review policies and ethical compliance annually. During the 2024 revision, no substantial changes were required to our Code of Business Ethics and Conduct.

The Group actively seeks to implement and refine existing protocols to manage risk and improve sustainable performance ahead of regulations in Spain and Australia. The executive team is responsible for ongoing monitoring and development of the Company's ESG strategy, which incorporates safety, environmental stewardship, health and safety, climate change-related risks and opportunities, and cybersecurity. The Board and Committees ensure that the Company's ESG focus remains a cornerstone of its performance.

In light of the upcoming ESG legislation in 2025, we are committed to understanding the timing and risks associated with our business to ensure compliance and continued sustainable growth.

All information related to Corporate Governance can be found on the Company's website: https://www.highfieldresources.com.au/corporate-governance/