Newfield Resources : ESG Report for 2021

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ESG DISCLOSURE REPORT

F O R T H E Y E A R 2 0 2 1

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CONTENTS

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG)

GOVERNANCE

• Governing purpose
• Quality of governing body

• Stakeholder engagement

• Anti-corruption
  6 Ethical behavior
  6 Risk and opportunity oversight

PLANET

• Climate change
  8 Nature loss
  8 Freshwater availability

PEOPLE

• Dignity and equality 1 0 Human rights
  1 0 Health and well‑being
  1 0 Skills for the future

PROSPERITY

1 1 Employment and wealth generation

1 2 Innovation of better products and services

1 2 Community and social vitality

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1. ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG)

Newfield Resources Limited (Newfield) ACN 153 219 848 is committed to the global principles of sustainable development as the most effective means of creating long-term enterprise value and addressing Environmental, Social and Governance (ESG) priorities. In 2021, we made a commitment to commence reporting on ESG, and this report represents the first disclosure on that journey. The ESG disclosures comprise a set of universal, comparable, stakeholder metrics focused on people, planet, prosperity and principles of governance, that organisations can report on regardless of industry or region. This table represents our first report and will be reviewed quarterly and updated periodically.

We use this universal ESG framework to align our mainstream reporting on performance against ESG indicators. By integrating ESG metrics into our governance, business strategy, and performance management processes, we aim to consider all pertinent risks and opportunities in running our business. We continue to look for opportunities for further transparency on the topics which are material to our business.

To track our disclosure progress and demonstrate our sustainability performance, we utilise Socialsuite's ESG Go disclosure platform.

1 | ESG Disclosure Report 2021

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ESG Disclosure Report 2021 | 2

2 . G O V E R N A N C E

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GOVERNING PURPOSE

Setting purpose

Type:Full disclosure

Status:Reported

Updated:20 January 2022

Newfield's guiding purpose was defined by the BoD as "Realising the Blessing of Sierra Leone's Mineral Wealth for all stakeholders", and our Vision is to "To be a commercially successful diamond mining Company which proudly contributes to global sustainable development goals".

Our flagship project is the Tongo Mine in Sierra Leone, a small and underdeveloped country in West Africa that has not properly benefitted from its mineral wealth. Due to a history of poor governance since its independence, Sierra Leone remains among the world's poorest countries, ranking 183rd out of 187 countries ranked in the Human Development Index in 2011.

However, over the past 20 years, the country has instituted improved governance which has attracted significant investment in the mineral resources sector, and we believe that through targeted investment and responsible commercial development Newfield can and will help realise the country's potential. Our Mission is therefore a simple one: "To create sustainable value for all stakeholders through the responsible development of the Tongo Diamond Mine".

As we pursue our Purpose, Vision and Mission, we are guided by our Company values under the acronym "SHARREIT":

• Safety
• Honesty
• Accountability
• Responsibility
• Respect
• Excellence
• Integrity
• Teamwork

QUALITY OF GOVERNING BODY

For

Governance body composition

Type:Partial disclosure

Status:Reported

Updated:20 January 2022

The functions and responsibilities of the Board of Directors (BoD) are set out in the Boardr Charter, and the selection and appointment of Directors is described in the Company policy, Appointment of NeewDirectorsDirectors. To the extent practicable, the Company has followed the ASX Corporate Governance Council's Corporate Governance Principles and Recommendations (4th Edition). A number of other relevant documents can be found under the Corporate Governance section of the Company website.

As the Company transforms from an exploration company into a mining company, a broader skillset is required at board level, and the Company is currently looking to strengthen the BoD with additional skills, including the appointment of independent non-executive directors.

See also:Board CharterCharter; Appointment ofofNewNewDirectorsDirectors; Corporate Governance

3 | ESG Disclosure Report 2021