2023 GRI Content Index

Extracted Document Text

This is a readable excerpt of the EGM normalized Markdown text. It helps search engines and researchers understand PDF, filing, or company-document content while the original source remains authoritative.

# 2023 GRI Content Index

Source: https://www.westafricanresources.com/wp-content/uploads/2024/04/WAF_2023_GRI-Content_Index_02Apr.pdf
Published: 2024-03-28T00:00:00+00:00
Fetched: 2026-05-12T16:32:26.895+00:00
Source artifact: 6ab4e961-6f26-446f-add2-419c9c24ad39
Normalizer input: text

## Content

# 2023 GRI Content Index
WEST AFRICAN
RESOURCES LIMITED
GRI CONTENT INDEX
2023
Statement of use: West African Resources Limited has reported in accordance with the
GRI Standards for the period 1 January 2023 to 31 December 2023.
GENERAL DISCLOSURES
GRI DISCLOSURE DESCRIPTION LOCATION OF DISCLOSURE / DIRECT RESPONSE
The organisation and its reporting practices
2-1 Legal name West African Resources Limited
(referred to hereafter as WAF or the Company)
Nature of ownership WAF is a publicly listed company on the Australian Stock Exchange
and legal form (ASX: WAF).
Location of headquarters Perth, Australia
Countries of operation Australia and Burkina Faso
2-2 Entities included in WAF’s sustainability reporting includes all entities listed below, but
sustainability reporting focuses particularly on those entities that are actively pursuing
development of projects in Burkina Faso and the activities of the
head office / corporate activities.
For all projects, WAF applies consistent management measures
to achieve conformance with laws, regulations and international
industry standards and good practices. Because our projects are
in different stages of development, data may not be available for
all disclosures for all entities. To be abundantly clear and avoid any
uncertainty, each of the disclosures presented in the ESG Databook
is annotated with which entities are included in the data presented.
WAF ENTITIES COMMONLY REFERRED TO AS:
Parent company
West African Resources Limited WAF Corporate
Direct subsidiaries
WAF Finance Pty Ltd
Wura Resources Pty Ltd SARL MV3 Project
West African Resources
Development SARL
Channel Resources Ltd
Volta II Ltd
Indirect subsidiaries
Channel Resources (Cayman I) Ltd
Channel Resources (Cayman II) Ltd
Tanlouka SARL
Société des Mines de Sanbrado SA Sanbrado Project or SOMISA
Volta Resources (Cayman) Inc.
Volta Properties SARL
Kiaka Gold SARL Toega Project
Kiaka SA Kiaka Project
GRI Content Index 2023 | West African Resources 1
GRI DISCLOSURE DESCRIPTION LOCATION OF DISCLOSURE / DIRECT RESPONSE
The organisation and its reporting practices
2-3 Reporting period 1 January to 31 December 2023 (aligned with the financial reporting
period of the WAF 2023 Annual Report)
Frequency of reporting Annual
Publication date 28 March 2024
Contact point for info@westafricanresources.com
questions about the report
2-4 Restatements of Disclosure 305-1: Direct (Scope 1) GHG emissions. Emissions have
information from previous been recalculated due to an error being identified in the calculations
reporting periods for the 2021 and 2022 reporting periods.
Disclosure 305-3: Other indirect (Scope 3) GHG emissions. Scope 3
emissions were reported for the first time in the 2022 Sustainability
Report, calculated by the GHG Protocol’s Quantis Scope 3 Evaluator.
However, there were concerns about the accuracy of this calculation,
which have been validated by the independent Scope 3 assessment
completed for the 2023 reporting period. As a result, we intend
to track Scope 3 emissions using 2023 as the first year, given
that we now have an accurate methodology which can be applied
consistently in future years.
2-5 Policy for seeking external It is WAF’s policy to undertake regular external assurance for
assurance the Annual Report and periodic external reviews of management
systems. The Sustainability Report will be incorporated into this
process in future years.
External assurance of WAF’s 2023 Sustainability Report has not been subject to external
sustainability reporting assurance or auditing.
Activities and workers
2-6 Activities, value chain Refer to: Sustainability Report
and other business (About West African Resources, page 8)
relationships
2-7 Employees Refer to: Sustainability Report (Our People, page 20)
Refer to: ESG Databook (Employment)
2-8 Workers who are not Refer to: Sustainability Report (Our People, page 20)
employees
Refer to: ESG Databook (Employment)
1
GRI 1: Foundation 2021.
2 West African Resources | GRI Content Index 2023
GRI DISCLOSURE DESCRIPTION LOCATION OF DISCLOSURE / DIRECT RESPONSE
Governance
2-9 Governance structure Refer to: Sustainability Report (Governance, page 12)
and composition
Refer to: ESG Databook (About WAF)
2-10 Nomination and Nomination of the Board of Directors is done following the ASX
selection of the highest Principles on Good Governance. Nomination and selection of Board
governance body members is described in the Board Charter available at www.
westafricanresources.com. The Board is to comprise a majority of
non-executive directors and will be of such size and competence
necessary to deal with the current and emerging issues of the
business of the Company. The Board appoints the Chairman, CEO
and independent directors. The Board Charter sets out criteria for
mandatory disclosures by independent directors, including clauses
related to disclosure to the market and in instances of potential
conflicts of interests.
Nominations are announced in the Company’s releases and at the
shareholders annual meeting.
2-11 Chair of the highest Richard Hyde is both Chair of the Board and Chief Executive Officer.
governance body Given Mr Hyde’s longevity with the Company (founder, director and
shareholder) and technical and corporate experience, the Board
considers this to be in WAF’s best interests and therefore to the
benefit of WAF’s shareholders and stakeholders. This situation
is subject to ongoing review by the Board and is contingent upon
independent Directors forming the majority of the Board. Should
the above situation change, the Chairman and the CEO would have
defined roles in the organisation (as set out in the Board Charter).
2-12 Role of the highest Refer to: Sustainability Report (Governance, page 12)
governance body
in overseeing the
management of impacts
2-13 Delegation of Refer to: Sustainability Report (Governance, page 12)
responsibility for
managing impacts
2-14 Role of the highest Refer to: Sustainability Report (About this Report, page 2)
governance body in
sustainability reporting
2-15 Conflicts of interest Refer to: Board Charter
2-16 Communication of critical No critical concerns were communicated to the Board in 2023.
concerns
Refer to: Sustainability Report (Governance, page 12)
2-17 Collective knowledge Refer to: Corporate Governance Statement
of the highest
governance body
GRI Content Index 2023 | West African Resources 3
GRI DISCLOSURE DESCRIPTION LOCATION OF DISCLOSURE / DIRECT RESPONSE
Governance
2-18 Evaluation of the Board performance is reviewed at least once each financial year and
performance of the includes a performance evaluation of:
highest governance body
+ The Board
+ Individual director’s contribution to the Board
+ Establishing goals and objectives of the Board for the upcoming
year
The results are internal to the Board, but disclosure is made in the
Corporate Governance Statement and on the Company’s website:
www.westafricanresources.com
2-19 Remuneration policies Refer to: 2023 Annual Report
2-20 Process to determine Refer to: 2023 Annual Report
remuneration
2-21 Annual total Refer to: ESG Databook (Employment)
compensation ratio
Strategy, policies and practices
2-22 Statement on sustainable Refer to: Sustainability Report (Message from the Chairman, page 4)
development strategy
2-23 Policy commitments WAF aims to conduct its business in compliance with the regulatory
requirements of the countries we operate in, namely Burkina
Faso and Australia. In addition, activities are aligned with good
international industry practices with a focus on sustainable
development, protection of human rights, minimisation of
environmental and socio economic risks, and obtaining a social
license to operate from local communities and Burkina Faso as a
whole. This includes ongoing engagement with stakeholders using a
participatory approach.
International standards which guide our activities include:
+ Equator Principles
+ International Finance Corporation’s (IFC) Sustainability Framework
+ World Bank Group’s Environmental, Health and Safety Guidelines
for Mining
+ United Nations’ Sustainable Development Goals (SDG)
+ International Labour Organisation’s (ILO) Declaration on
Fundamental Principles and Rights at Work
+ The Voluntary Principles on Security and Human Rights
+ United Nations’ Guiding Principles on Business and Human Rights
+ International Council for Mining and Metals’ (ICMM) Mining
Principles
+ World Gold Council’s Responsible Gold Mining Principles
+ International Cyanide Management Code (ICMC) for the
Manufacture, Transport, and Use of Cyanide in the Production of
Gold
+ Global Industry Standard on Tailings Management (GISTM)
+ Convention on Biological Diversity’s (CBD) Kunming-Montreal
Global Biodiversity Framework
4 West African Resources | GRI Content Index 2023
GRI DISCLOSURE DESCRIPTION LOCATION OF DISCLOSURE / DIRECT RESPONSE
Strategy, policies and practices
2-24 Embedding policy WAF has a corporate governance framework in place that includes
commitments the corporate governance policies, charters, and codes formally
adopted by the Board of Directors (‘the Policies’). The aim of the
Policies is to ensure that the Company is effectively and ethically
directed and managed, that risks are identified, monitored and
assessed and that appropriate disclosures are made.
WAF has developed a series of policies to define the Company’s
values and expectations and are subject to regular review by the
Board of Directors. These policies include:
+ Code of Conduct
+ Corporate Values Policy
+ People Policy
+ Human Rights Policy
+ Diversity in Employment Policy
+ Risk Management Policy
+ Occupational Health and Safety Policy
+ Supply Chain Policy
+ Environmental Policy
+ Biodiversity and Ecosystem Services Policy
+ Community Relations Policy
+ Drug and Alcohol Policy
+ Fair Treatment Policy
+ Local Employment Policy
+ Whistleblower Policy
+ Discretionary Support Policy
+ Social Networks and Social Media Policy
Policies are available to all employees in English and French
and are implemented through the practices and procedures of
each department. Policies applicable to the overall conduct and
performance of the Company are found on the website, while those
applicable to day-to-day operations are accessible to employees on
the Company’s intranet portal.
Employees are encouraged to seek guidance from their manager
or the Human Resources Department about implementation of
these policies. If breaches of policy are suspected, employees
and stakeholders are able to use the Company’s grievance and
whistleblower mechanisms. The purpose of the Whistleblower Policy
is to encourage employees, contractors, suppliers or any other
associated person to report suspected illegal or unacceptable
conduct as soon as possible, with the knowledge that their concerns
will be taken seriously and their confidentiality respected. It also
reassures employees that they can raise genuine concerns without
fear of reprisals, even if they turn out to be mistaken.
WAF policies apply equally to contractors, who are required to
understand, respect and promote the Company’s values when they
operate at our sites. All contracts include a section committing
suppliers and contractors to follow the Project’s Code of Conduct
and Human Resource (HR) Policies. Audits against these policies are
carried out at least annually.
GRI Content Index 2023 | West African Resources 5
GRI DISCLOSURE DESCRIPTION LOCATION OF DISCLOSURE / DIRECT RESPONSE
Strategy, policies and practices
In addition to the policies listed above, a number of policies and
statements have been developed to guide governance of the Board
of Directors, including:
+ Corporate Governance Statement
+ Board Chart

[Excerpt trimmed for readability. Open the original source for the complete filing or document.]