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Published on July 24, 2023 |
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At Troilus we are committed to creating value for our shareholders while operating in a safe, socially and environmentally responsible manner, contributing to the prosperity of our employees and our local communities while respecting human rights, cultures, customs and values of those impacted by our activities. |
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Disclaimer and Forward Looking Statements |
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Company Profile |
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Organizational Profile |
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Name |
Troilus Gold Corporation |
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Describe nature of activities, brands, products and services |
Troilus Gold Corp. is a Canadian-based junior mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. |
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Troilus is located in the top-rated mining jurisdiction of Quebec, Canada, where it holds a strategic land position of 435 km² in the Frotêt- Evans Greenstone Belt. Since acquiring the project in 2017, ongoing exploration success has demonstrated the tremendous scale potential of the gold system on the property with significant mineral resource growth.
From 1996 to 2010, the Troilus Mine produced +2 million ounces of gold and nearly 70,000 tonnes of copper.
The Company is advancing engineering studies toward a Feasibility Study targeted for late 2023. A PEA in 2020, demonstrated the potential for the Troilus project to become a top-ranked gold and copper-producing asset in Canada. Led by an experienced team with a track record of successful mine development, Troilus is positioned to become a cornerstone project in North America. |
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Link to Corporate Website |
https://www.troilusgold.com/ |
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Industry Classification |
NAICS: 21222 Gold and silver ore mining |
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Market Capitalization |
$0-$100Million USD |
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Type of Operations |
Exclusively non-producing operations |
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Company Headquarters |
Montreal, Canada |
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ESG Accountability |
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Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance |
Catherine Stretch, VP Corporate Affairs |
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Catherine Stretch, VP of Corporate Affairs is tasked with overseeing ESG practices and reports directly to the CEO. Ms. Stretch informs the ESG Committee on ESG issues pertaining to the company on a quarterly basis; in turn, the ESG Committee reports to the Board of Directors. |
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ESG Reporting Period |
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Unless otherwise noted, all data contained in this report covers the following period |
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From |
2022-01-01 |
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To |
2022-12-31 |
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Audit Status |
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Identify the degree to which any inputs of the report are third-party checked |
Self-Declared |
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Financial Reporting Period |
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Specify the frequency of sustainability reporting |
Annually |
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Whether Financial reporting period aligns with the period for its sustainability reporting |
No |
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Specify the reporting period for its financial reporting |
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From |
2023-07-31 |
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To |
2024-07-31 |
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If financial reporting period does not align with the period for its sustainability reporting, explain the reason for this |
The financial reporting period for Troilus does not follow the calendar year. However, Troilus reports on Sustainability on the calendar year such the majority of our regulatory reporting on environment and social issues follows the calendar year. |
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Specify the contact point for questions about the report or reported information |
Catherine Stretch, VP Corporate Affairs |
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Geographic Scope of Report |
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Unless otherwise noted, the data in this report covers ESG matters related to the following countries of operations |
Canada |
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Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) |
None |
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Fragile and Conflict-Affected Situations |
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Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations" |
None |
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Business Operations Scope of Report |
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Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) |
There are no exclusions from this report. |
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Mineral Resource Types in Scope |
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Which of the following mineral resource types are covered by this report |
• Inferred • Indicated |
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Mineral Reserve Types in Scope |
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Which of the following mineral reserve types are covered by this report |
None |
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Currency |
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Unless otherwise noted, all financial figures referenced in this report are in the following currency |
CAD |
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Organizational Profile |
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Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact |
GRI, UN Global Compact, SASB, Ecologo |
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Strategy |
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Provide a description of key impacts, risks, and opportunities, |
As a mine site under development, Troilus is engaged in the permitting process for the Environment & Social Impact Study which commenced in 2022 at the provincial and federal level. The future construction and production at the mine are dependent on the successful and timely completion of the regulatory approval process.
As a closed mine site, Troilus is responsible for the management and reclamation of the former tailings facility which includes ongoing monitoring and treatment of water, revegetation, and restoration.
The Troilus project is located on lands that are the traditional territory of the Cree Nation. Troilus is committed to working closely with the families and communities that use the land to ensure its long-term health and sustainability.
The Troilus project is subject to known and unknown risks of the mining industry, including without limitation, risks and uncertainties discussed in the company’s most recent 43-101 Technical Report, annual information form, financial statements, and MD&A, as well as other continuous disclosure documents available under the Company’s profile at www. sedar.com. |
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Provide a statement from the highest governance body or most senior executive of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainable development to the organization and its strategy for for contributing to sustainable development. (CEO's message for this report) |
Please see the attached statement from our CEO. |
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Sustainability at Troilus Gold Corp. |
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Statement from the CEO |
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Justin Reid, CEO |
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Policy commitments |
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Provide a description of the organization’s policy commitments for responsible business conduct |
Troilus Gold Corp. is committed to creating sustainable long-term value for its stakeholders, which is achieved by adhering to best practices in corporate governance. |
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The Company has established a set of policies with respect to ethical business practices, personal conduct, environmental, safety, and occupational health practices, competition and fair dealings, and disclosure of information, that describe its commitment to promoting the effective functioning of its personnel and improving the Company's performance.
In addition to its own internal policies, Troilus is a signatory to the UN Global Compact and has received the ECOLOGO certification from AEMQ.
Whistleblower Policy
Anti-Bribery and Anti-Corruption Policy
Code of Business Conduct & Ethics |
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Code of Business Conduct and Ethics |
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Anti- Bribery and Anti-Corruption Policy |
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Corporate Disclosure, Insider Trading and Confidentiality Policy |
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Majority Voting Policy |
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Sustainable Development Policy |
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What are (if any) the authoritative intergovernmental instruments that the commitments reference |
United Nations Universal Declaration of Human Rights, Voluntary Principles on Security and Human Rights, UN Global Compact |
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Do the commitments stipulate conducting due diligence |
Company policies include specific requirements for regular internal review to ensure compliance and consider amendments. Based on the outcome of internal auditing, policies are updated accordingly. Policies and procedures related to the environment, health & safety, and human resources are continuously reviewed to ensure compliance with the regulatory framework under which the company operates in the Province of Quebec.
In 2022, Troilus conducted an internal audit of its policies and procedures at site in advance of a physical audit for the ECOLOGO certification. Troilus also reviewed its activities in 2022 to identify actions that contributed to the UN Sustainable Development Goals with progress to be reported in 2023. |
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Do the commitments stipulate applying the Precautionary Principle or Approach |
Yes |
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Troilus is a signatory to the UN Global Compact and adheres to SDG 7 regarding the Environment. In its Sustainable Development Policy, Troilus commits to integrating environmental considerations into all aspects of its operations and activities to minimize, mitigate and eliminate impacts on the environment and specifically cites the Precautionary Principle or Approach as set out in Principle 15 of the UN Rio Declaration on Environment and Development. |
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Do the commitments stipulate respecting human rights |
Yes |
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Describe the specific policy commitment to respect human rights |
Troilus commits to respect human rights in its Sustainable Development Policy and this commitment is also noted on its website. |
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What are (if any) the internationally recognized human rights that the commitment covers |
In general, the Sustainability Policy refers to upholding fundamental human rights. Specifically, the Sustainability Policy mentions the right to freedom of association, freedom to engage in collective bargaining, and freedom to refrain from child or forced labour. In its Code of Conduct, Troilus commits to not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation or disability, or any other category, freedom from workplace harassment or violence, and maintaining a safe and healthy workplace. |
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What are the categories of stakeholders, including at-risk or vulnerable groups, that the organization gives particular attention to in the commitment |
The policies of the Company apply to employees, contractors, suppliers, communities with particular attention paid to indigenous peoples. |
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Provide links to the policy commitments, if publicly available, or, if the policy commitments are not publicly available, explain the reason for this |
The policies are all publicly available on the Troilus website. |
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Governance policies |
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Sustainable Development Policy |
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Report the level at which each policy commitment was approved within the organization, including whether this is the most senior level |
The governance policies are approved at the most senior level by the Board of Directors |
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To what extent the policy commitments apply to the organization’s activities and to its business relationships |
The policy commitments apply to all of the organization's activities and business relationships. There are no exceptions. |
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Describe how the policy commitments are communicated to workers, business partners, and other relevant parties |
The policy commitments are posted on the Company's website. Employees are required to review and provide signed acknowledgement of the policies on a bi-annual basis. Service providers/contractors are required to adhere to the policies in activities they undertake at the Troilus site. |
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Embedding policy commitments |
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Describe how the organization embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships |
Troilus has embedded its policy commitments for responsible business conduct at the most senior level of the organization. The ESG Committee of the Board affirms the company's commitments through the Sustainable Development Policy and other governance policies which all employees are required to review and acknowledge in writing.
As a member of the UN Global Compact, Troilus has committed to an annual affirmation from the CEO and to complete the annual Communication on Progress to document the company's efforts to adhere to the 17 SDGs.
As a recipient of the ECOLOGO certification, Troilus must renew its commitment every three years and is subject to external audit to affirm best practices (most recently completed in 2022). |
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How are responsibilities allocated in order to implement the commitments across different levels within the organization |
Under the direction of the ESG Committee and the CEO, the VP Corporate Affairs works closely with the VP Environment, VP Legal and Director of Human Resources to implement the the commitments across the different levels within the organization. |
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How are the commitments integrated into organizational strategies, operational policies, and operational procedures |
The Sustainable Development Policy, other corporate governance policies and the robust legal framework in Canada (the sole jurisdiction that Troilus operates) are integrated into organizational strategies, policies and procedures. These are reviewed and updated at least annually at the management level and at the board level where applicable. |
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How does the organization implement its commitments with and through its business relationships |
Troilus requires its suppliers and contractors to comply with its governance policies. Troilus does not have any customers at this time as it is not yet in production. |
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What implementation training does the organization provide |
The organization provides employees with training on the practical aspects of its governance and sustainability policies through a tutorial. |
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Supply Chain |
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Estimated Total number of Business Entities in its downstream |
0 |
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Estimated End-Use customers |
0 |
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Types of activities related to the organization’s products and services carried out by the downstream entities (e.g., manufacturing, wholesale, retail); |
Troilus is still in the exploration and development stage and as such does not sell any products or services. |
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The nature of its business relationships with the downstream entities |
None |
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Report other relevant business relationships |
None |
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Describe significant changes in the information reported about business activities, value chain and other business relationships compared to the previous reporting period |
None |
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Material Topics |
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Governance of Material Topics |
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Describe the process followed to determine the organization's material topics, including: |
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i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details |
• Economic impact assessment • Environmental impact assessment • Social impact assessment • Civil society organizations |
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ii. How has the organization prioritized the impacts for reporting based on their significance |
As an exploration & development stage project in Northern Quebec, we have prioritized environment (current footprint, permitting and future planning for mine restart), engagement with First Nations and local communities, GHG emission (planning for a future carbon neutral operation), health & safety, local procurement, infrastructure, diversity and governance. |
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Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details |
• Employees and other workers • Governments • Local communities • Shareholders and other capital providers |
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List the organization's material topics |
• Anti-corruption • Biodiversity • Child Labor • Communications • Compliance • Diversity and Equal Opportunity • Emergency Preparedness • Emissions • Employment • Energy • Environmental Assessment • Equal Remuneration for Women and Men • Forced or Compulsory Labor • Freedom of Association and Collective Bargaining • Indigenous Rights • Indirect Economic Impacts • Labor Practices • Local Communities • Non-discrimination • Occupational Health and Safety • Overall environmental • Permitting • Procurement Practices • Training and Education • Water |
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List the organization's non-material topics |
• Economic Performance • Market Presence • Materials • Effluents and Waste • Products and Services • Transport • Supplier • Environmental Grievances • Labor/Management Relations • Supplier Assessment for Labor Practices • Grievance Mechanisms • Human Rights Investment • Security Practices • Supplier Human Rights Assessment • Human Rights Grievance Mechanisms • Public Policy • Anti-competitive Behavior • Supplier Assessment for Impacts on Society • Grievance Mechanisms for Impacts on Society • Artisanal and Small-scale mining • Resettlement • Closure Planning • Customer Health and Safety • Product and Service Labeling • Marketing • Customer Privacy • Materials Stewardship |
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Provide reason for considering such topics not material, provide details |
Not applicable |
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Troilus is not in production, has no revenues, no customers, no waste generated, no suppliers. Operating in northern Canada, concerns such as artisanal mining, child labour, forced labour, human rights abuses are not an issue and are strictly governed by Canadian law. At Troilus our focus is on the health and safety of our employees at site, engagement with local communities, environmental permitting and planning for a sustainable future mine site. |
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Report changes to the list of material topics compared to the previous reporting period |
Child labour, forced labour, and collective bargaining have moved to material topics compared to the previous reporting period. None of these are an issue for Troilus which operates in a single jurisdiction (Canada) where such issues are strongly protected under the legal framework. However, since the last reporting period we have specifically stated our commitment to these issues in our policies. |
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Environment |
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General Disclosure |
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Compliance with laws and regulations |
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Report the total number of significant instances of non-compliance with laws and regulations during the reporting period, and a breakdown of this total by: |
0 |
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Number of instances for which fines were incurred |
0 |
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Number of instances for which non-monetary sanctions were incurred |
0 |
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Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period |
0 |
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Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period ($Million) |
0 |
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Total number of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period |
0 |
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Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period ($Million) |
0 |
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Total number of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods |
0 |
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Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods |
0 |
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Describe the significant instances of non-compliance |
In 2022, Troilus was in compliance with all environmental laws and/or regulations |
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Greenhouse Gas Emissions |
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Scope 1 |
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For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e) |
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Carbon dioxide (CO₂) (tonne CO₂-e) |
448.939 |
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Methane (CH₄) (tonne CO₂-e) |
0.000 |
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Nitrous oxide (N₂O) (tonne CO₂-e) |
0.000 |
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Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e) |
0.000 |
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Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e) |
0.000 |
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Sulphur hexafluoride (SF₆) (tonne CO₂-e) |
0.000 |
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Nitrogen trifluoride (NF₃) (tonne CO₂-e) |
0.000 |
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Perfluoromethane (CF₄) (tonne CO₂-e) |
0.000 |
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Perfluoroethane (C₂F₆) (tonne CO₂-e) |
0.000 |
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Perfluorobutane (C₄F₁₀) (tonne CO₂-e) |
0.000 |
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Perfluorohexane (C₆F₁₄) (tonne CO₂-e) |
0.000 |
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The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne) |
448.939 |
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The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms |
100.0000% |
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The entity shall discuss its long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions |
The majority of energy used to operate the Troilus site comes from renewable sources (hydroelectricity in Northern Quebec). Troilus currently generates Scope 1 GHG emissions from the use of gasoline used for vehicle transport, diesel used in generators and drilling at site, and propane used for heating the camp facilities.
In 2022, Troilus conducted an audit of GHG emissions generated since inception in 2018 and is currently developing a roadmap to minimize GHG emissions for the future with the objective of building a carbon-neutral mining operation. |
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Carbon Offset |
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Credits |
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How much CO₂ (metric tonnes) offset credits were purchased? |
0.000 |
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Where were these credits purchased from |
Not Applicable |
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Troilus has not yet purchased credits to offset historical GHG, but is currently exploring options to do so. |
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Air Emissions |
|
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Report emissions of air pollutants that are released into the atmosphere |
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Emissions of carbon monoxide, reported as CO (tonne) |
0.000 |
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Emissions of oxides of nitrogen (NOx), reported as NOx (tonne) |
0.000 |
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Emissions of oxides of sulphur (SOx), reported as SOx (tonne) |
0.000 |
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Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne) |
0.000 |
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Emissions of lead and lead compounds, reported as Pb (tonne) |
0.000 |
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Emissions of mercury and mercury compounds, reported as Hg (tonne) |
0.000 |
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Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne) |
0.000 |
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Energy Management |
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Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) |
19,692.000 |
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Percentage energy consumed that was supplied by grid electricity |
68.8503% |
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Percentage of energy consumed that is renewable energy |
68.8503% |
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Water |
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Efficiency |
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Proportion of water reused and recycled by the site to reduce the overall consumptive water demand |
94.0828% |
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Water is used at the Troilus site for sanitation & drinking, core cutting and drilling. Drilling makes up the vast majority of the water usage and this water is returned to the ecosystem once the drilling is complete. Water used for core cutting is also reused. |
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Total volume of water that has been used in an operational task and is recovered and used again in an operational task, either without treatment (reuse) or with treatment (recycle) (megalitres) |
159.000 |
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Water Management |
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Disclose the amount of water that was withdrawn from freshwater sources (in thousands of cubic meters) |
169.000 |
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Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn |
0.0000% |
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Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) |
0.000 |
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Disclose freshwater consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed |
0.0000% |
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Disclose the amount of water that was consumed in its operations (in thousands of cubic meters) |
169.000 |
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Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) |
0.000 |
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Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations |
No |
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Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards |
0 |
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Waste Management |
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Disclose the total weight of tailings produced (tonne) |
0.000 |
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Troilus is not yet in production and does not generate any tailings. |
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Tailings Storage Facilities Management |
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Does your company manage Tailings Storage Facilities |
Yes |
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Provide an inventory of all talings storage facilities (TSFs) |
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TSF #1: (1) facility name |
Troilus Mine |
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Permitted Tailings Facility |
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TSF #1: (2) location |
Canada |
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TSF #1: (3) ownership status |
Wholly owned |
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TSF #1: (4) operational status |
Closed |
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TSF #1: (5) construction method |
Upstream |
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The existing tailings facility used for the mine during its previous operation was Upstream construction. A future operation envisions a Centerline construction. |
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TSF #1: (8) consequence classification |
Low |
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TSF #1: (10) material findings |
No |
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TSF #1: (11) mitigation measures |
None required. The tailings facility has been closed since the previous operation closed in 2010. The area has been revegetated. Water from the tailings is monitored and treated as required before release into the natural environment. |
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TSF #1: (12) site-specific EPRP |
Yes |
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Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs) |
Troilus is a closed mine site but also in the exploration and development stage pending a potential restart of the mine. Camp facilities typically house 25-65 occupants who are engaged in exploration and development activities. Troilus maintains an Emergency Preparedness Response Plan to ensure the health and safety of employees and external contractors at site. |
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Disclose the company's approach to engagement concerning Emergency Preparedness and Response Plans (EPRPs) at tailings storage facilities, including the preparedness of local stakeholders |
The Company meets regularly with the Impacted Families to review the closure status of the tailings facility. Staff at site are trained on emergency preparedness and response. |
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Innovation |
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Spending on Research, Development, and Technologies for waste management compliance and improvement |
684954 |
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Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement |
In 2022, Troilus had expenditures for the design of the future tailings facility that will be used once the mine is restarted. The focus of the expenditures has been to develop a tailings facility that will be safe, long-lasting, and have a minimal environmental footprint. Troilus also had research expenditures for programs to better understand and manage future waste rock. These studies will have an impact on water quality in the future. |
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Water and Effluents |
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Water Discharge |
|
|
Report the total water discharge to all areas in megalitres |
3,238.000 |
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The Troilus mine previously operated from 1996-2010 and as such has a closed tailings facility which discharges water into the environment. The water from the tailings facility is monitored and tested. There is a water treatment facility adjacent to the Tailings. However, at this time most of the water being discharged from the Tailings facility is in compliance without treatment required and can be discharged into the environment. In certain instances where the water is not in compliance it is treated before being released into the environment. |
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Surface water |
3,238.000 |
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Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) |
3,238.000 |
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Other water (>1,000 mg/L Total Dissolved Solids or TDS) |
0.000 |
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Groundwater |
0.000 |
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Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) |
0.000 |
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Other water (>1,000 mg/L Total Dissolved Solids or TDS) |
0.000 |
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Biodiversity |
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Management Plan |
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|
List the environmental and biodiversity management plan(s) implemented at active sites |
In addition to complying with conditions of permits granted by provincial regulators for drilling and other activities, Troilus complies with the policies and procedures around environmental and biodiversity management prescribed by the ECOLOGO certification. This includes practices such as pre-work inspection to confirm the presence of any endangered or invasive species before work begins, maintaining set distances from any waterways or sensitive areas, inspections during and after work to confirm no environmental risks, etc. |
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Ecologo Policies and Procedures |
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1.1 Mine lifecycle stages to which the plan(s) apply |
• Exploration and appraisal • Site development |
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1.2 The topics addressed by the plan(s) |
• Discharges to water • Ecological and biodiversity impacts • Natural resource consumption • Waste generation |
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1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups) |
The Quebec Fauna Ministry (MFFP - Ministère de la Forêt, de la Faune et des Parcs) issues guidelines and conditions in the permits they approve that are incorporated into operating activities.
In addition, Troilus complies with the policies and procedures defined by ECOLOGO.
ECOLOGO® Certified products, services and packaging are certified for reduced environmental impact. ECOLOGO Certifications are voluntary, multi-attribute, life cycle-based environmental certifications that indicate a product has undergone rigorous scientific testing, exhaustive auditing or both, to prove its compliance with stringent, third- party, environmental performance standards. |
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Impacts |
|
|
Does access to the site involve traversing a protected area |
No |
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The Troilus site is located in a “Reserve Faunique”, that allows permitting for commercial tree cutting, quarries and mines. |
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Do any of the entities concessions share a watershed with a protected area |
No |
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Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve |
The Troilus site can easily be reached by road from the towns of Chibougamau, Chapais and Mistissini.
There is direct road access to the site and no protected areas or protected watersheds are traversed. |
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Access to the Troilus Gold Project |
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Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat |
Does Not Apply |
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Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat |
Does Not Apply |
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Percentage of inferred, indicated and/or measured resources in sites with protected conservation status or in areas of endangered species habitat |
0.0000% |
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Social |
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Scale of the Organization |
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Describe how the organisation defines its "Operation" |
Troilus has a single operation which is an exploration and development site in Northern Quebec which was formerly an operating mine (1996-2010). Activities at the site are focused on exploration and development and there is no production. Occupancy at site ranges from 25- 65 people who are housed in a temporary camp facility. The camp is connected to the hydroelectric grid. The camp is accessible by road. |
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Report the total number of operations |
1 |
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Scale of the Organization |
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Report the total number of direct employees worldwide (exclude contractors) |
33 |
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Report the total number of male direct employees worldwide (exclude contractors) |
20 |
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Report the total number of female direct employees worldwide (exclude contractors) |
13 |
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Report the total number of contract employees worldwide |
1 |
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Female employees and contractors as percentage of total employees and contractors |
41.1765% |
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Male employees and contractors as percentage of total employees and contractors |
58.8235% |
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Non-binary employees and contractors as percentage of total employees and contractors |
0.0000% |
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Employee Information |
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Report the total number of direct employees by employment type (permanent and temporary), by gender |
33 |
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Total number of permanent employees |
33 |
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Total number of permanent employees - female |
13 |
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Total number of permanent employees - male |
20 |
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Total number of permanent employees - Non-binary |
0 |
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Total number of temporary employees |
0 |
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Report the total number of non-guaranteed hours employees by gender |
0 |
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Total number of non-guaranteed hours employees - female |
0 |
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Total number of non-guaranteed hours employees - male |
0 |
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Total number of non-guaranteed hours employees - Non-binary |
0 |
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Report the total number of employees by employment type (full-time and part-time), by gender |
33 |
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Report the total number of full-time employees |
32 |
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Report the total number of part-time employees |
1 |
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Total number of full-time employees - female |
13 |
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Total number of part-time employees - female |
0 |
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Total number of full-time employees - male |
19 |
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Total number of part-time employees - male |
1 |
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Total number of full-time employees - Non-binary |
0 |
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Total number of part-time employees - Non-binary |
0 |
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Describe the methodologies and assumptions used to compile the data |
We have included all fulltime/parttime employees and contractors as of year end. As a small organization this only requires a simple headcount. |
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Are the numbers reported in head count, full-time equivalent (FTE), or using another methodology |
FTE |
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Are the numbers reported at the end of the reporting period, as an average across the reporting period, or using another methodology |
End of the period |
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Provide contextual information necessary to understand the employment information provided |
33 of 34 are direct employees. 32 of the direct employees are full-time and 1 is part-time. In addition, 1 person is a part-time contractor and provides a specialized service that is not required on a full-time basis. |
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Describe significant fluctuations, if any, in the number of employees during the reporting period and between reporting periods |
The number of employees did not fluctuate significantly during the year. 7 people left during 2022 and 8 new people were hired. |
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Workers who are not employees |
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Describe the most common types of worker and their contractual relationship with the organization |
The Company has service agreements with external companies to supply staffing at the project site that will fluctuate throughout the year depending on the level of activity. The Company does not have a direct contractual relationship with these workers, but with the service provider (i.e. a drilling company). They are typically paid an hourly wage by the service provider. |
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The type of work they perform |
The workers are typically engaged in drilling, kitchen and janitorial work, core shack technicians |
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Report the total number of contractors by employment type (permanent and temporary), by gender |
1 |
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Total number of permanent contractors |
1 |
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Total number of permanent contractors - female |
1 |
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Total number of permanent contractors - male |
0 |
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Total number of permanent contractors - Non-binary |
0 |
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Total number of temporary contractors |
0 |
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Report the total number of contractors by employment type (full-time and part-time), by gender |
1 |
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Total number of full-time contractors - female |
0 |
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Total number of part-time contractors - female |
1 |
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Total number of full-time contractors - male |
0 |
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Total number of part-time contractors - male |
0 |
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Total number of full-time contractors - Non-binary |
0 |
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Total number of part-time contractors - Non-binary |
0 |
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Describe the methodologies and assumptions used to compile the information about workers who are not employees. |
The scale of the organization is small so the information is compiled by a simple head count at year end. The number of workers who are not employees may fluctuate during the year depending on the level of activity at the project site (currently this would entail drilling & exploration) |
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Is the number of workers who are not employees reported in head count, full-time equivalent (FTE), or using another methodology |
FTE |
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Is the number of workers who are not employees reported at the end of the reporting period, as an average across the reporting period, or using another methodology |
End of period |
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Describe significant fluctuations, if any, in the number of workers who are not employees during the reporting period and between reporting periods |
The number of workers may fluctuate during the year depending on the level of drilling and exploration activity. The site is closed for two weeks at Christmas and there are no workers present during that time. |
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Turnover |
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Report the total number and rate of employee turnover during the reporting period, by age group, and gender |
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All Employees |
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Total number of turnover (the number that left during the period) |
7 |
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Rate of turnover |
20.8955% |
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Female employees |
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Total number of turnover (the number of females that left during the period) |
1 |
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Rate of turnover, females |
7.6923% |
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Male employees |
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Total number of turnover (the number of males that left during the period) |
6 |
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Rate of turnover, males |
29.2683% |
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Non-binary employees |
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|
Total number of turnover (the number non-binary that left during the period) |
0 |
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|
Rate of turnover, non-binary |
Does Not Apply |
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|
Turnover & Age Breakdown |
|
|
Employees aged 30 years old and under |
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|
Total number of turnover (the number that left during the period) |
3 |
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As percent of total employees |
35.2941% |
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Rate of turnover |
27.2727% |
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Employees aged between 30 and 50 years old |
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|
|
Total number of turnover (the number that left during the period) |
2 |
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As percent of total employees |
41.1765% |
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|
Rate of turnover |
14.8148% |
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Employees over 50 years old |
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|
|
Total number of turnover (the number that left during the period) |
2 |
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|
As percent of total employees |
20.5882% |
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Rate of turnover |
25.0000% |
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Identify types of employees captured in the turnover rate calculations |
All employees on the payroll |
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Average age of employees |
41 |
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Diversity and Equal Opportunity |
|
|
Report the percentage of employees per employee category in each of the following diversity categories |
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Board of Directors |
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Total Board of Directors |
7 |
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Percent Male |
85.7143% |
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Percent Female |
14.2857% |
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Percent Non-Binary |
0.0000% |
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Percent under 30 years of age |
0.0000% |
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Percent between 30 and 50 years of age |
42.8571% |
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|
Percent over 50 years of age |
57.1429% |
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Senior Management |
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Total Senior Managers |
9 |
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Percent Male |
55.5556% |
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Percent Female |
44.4444% |
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|
Percent Non-Binary |
0.0000% |
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|
Percent under 30 years of age |
0.0000% |
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|
Percent between 30 and 50 years of age |
44.4444% |
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|
Percent over 50 years of age |
55.5556% |
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Salaried (excluding Senior Management) |
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Total Salaried (excluding Senior Management) |
24 |
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Percent Male |
62.5000% |
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Percent Female |
37.5000% |
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Percent Non-Binary |
0.0000% |
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|
Percent under 30 years of age |
50.0000% |
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|
|
Percent between 30 and 50 years of age |
37.5000% |
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|
Percent over 50 years of age |
8.3333% |
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|
Technical Employees (skilled hourly) |
|
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Total Technical Employees |
0 |
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Production Employees (unskilled hourly) |
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Total Production Employees |
0 |
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Contractors: |
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Total Contractors |
1 |
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Percent Male |
0.0000% |
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Percent Female |
100.0000% |
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|
Percent Non-Binary |
0.0000% |
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|
|
Percent under 30 years of age |
0.0000% |
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|
Percent between 30 and 50 years of age |
100.0000% |
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|
|
Percent over 50 years of age |
0.0000% |
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|
Labour Relations |
|
|
Collective Bargaining Agreements |
|
|
Percentage of total direct employees covered by collective bargaining agreements |
0.0000% |
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For employees not covered by collective bargaining agreements, report whether the organization determines their working conditions and terms of employment based on collective bargaining agreements that cover its other employees or based on collective bargaining agreements from other organizations |
Troilus does not have any collective bargaining agreements in place but recognizes the rights of employees to collective bargaining if they so wish. Troilus operates in a sole jurisdiction - Canada - which has robust laws to protect employees. |
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Notice Periods |
|
|
Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them |
2 |
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Occupational Health and Safety |
|
|
Work-related Injuries |
|
|
Injuries - For all employees |
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|
|
i. Number of fatalities as a result of work-related injury |
0 |
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|
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i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked |
0.000 |
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ii. Number of high-consequence work-related injuries (excluding fatalities) |
0 |
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ii. Rate of high-consequence work-related injuries (excluding fatalities) |
0.000 |
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iii. Number of recordable work-related injuries |
0 |
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iii. Rate of recordable work-related injuries |
0.000 |
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|
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iv. Main types of work-related injury, e.g., confined space, trips, falls, etc. |
Minor contusions, cuts, scrapes, sprains due to use of tools and physical activity. |
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|
|
In 2021, Troilus enacted a comprehensive Drug & Alcohol Policy that applies to all employees and contractors. The objective of the Drug & Alcohol Policy is to provide clarity to employees and contractors and to ensure the health & safety of all, particularly with regards to operations at site. |
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|
|
v. Number of hours worked |
65,920 |
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|
|
Lost Time Injuries (LTIs) |
0 |
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|
|
Lost Time Injuries Rate (LTIR) |
0.000 |
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|
|
Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization |
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|
|
|
|
|
i. Number of fatalities as a result of work-related injury |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ii. Number of high-consequence work-related injuries (excluding fatalities) |
0 |
|
|
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|
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|
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|
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|
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|
|
|
|
ii. Rate of high-consequence work-related injuries (excluding fatalities) |
0.000 |
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
|
|
|
|
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|
|
iii. Number of recordable work-related injuries |
0 |
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
iii. Rate of recordable work-related injuries |
0.000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iv. Main types of work-related injury, e.g., confined space, trips, falls, etc. |
Minor contusions, cuts, scrapes, sprains due to use of tools and physical activity. |
|
|
|
|
|
|
|
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|
|
|
|
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|
|
v. Number of hours worked |
70,000 |
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|
|
Workers for service contractors hired by Troilus completed 70,000 hours of work during the year. |
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Lost Time Injuries (LTIs) |
6 |
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Lost Time Injuries Rate (LTIR) |
17.143 |
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Combined (Employees and non-employees, but controlled by the organization): |
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Total Hours Worked |
135,920 |
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Total number of all work-related injuries |
0 |
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Rate of work-related injuries |
0.000 |
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Total Lost Time Injuries (LTIs) |
6 |
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Lost Time Injuries Rate (LTIR) |
8.829 |
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Report the work-related hazards that pose a risk of high-consequence injury, including |
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i. How have these hazards been determined |
As a past producer, Troilus is a closed mine site and hazards exist related to the past workings including two open mine pits that are filled with water, waste piles, aging infrastructure, a tailings facility.
The mine site is located in northern Quebec which is subject to extreme weather which can include extreme cold, accumulation of snow and ice in winter months, melting ice in spring, forest fires in the summer.
Troilus is engaged in exploration and development activities which includes field exploration, drilling, core cutting, road maintenance, etc. The physical nature of the work at the Troilus site can create hazards for employees and contractors. |
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ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period |
None |
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iii. Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls |
Troilus maintains strict safety protocols and procedures to ensure the health and safety of all employees and service providers. Troilus maintains a health and safety manual that is updated annually and includes emergency evacuation procedures in the event of a threat to the physical site such as a forest fire.
All staff, contractors, and visitors to site are required to participate in a safety briefing. Visitors to the site must report to the camp manager and basic health information is gathered. Troilus ensures there is always staff on shift who have received emergency response training and in 2022, a full-time nurse is always on site. |
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Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls |
With the exception of a 6 week period at the beginning of the global pandemic in 2020, Troilus has remained in operation. In 2022, Troilus continued to monitor public health guidance and ensured protocols were in place to minimize the risk of the spread of COVID-19 amongst staff and contractors at site. This included physical modifications of common areas to allow for social distancing, health questionnaire, and testing in advance of arrival at site, isolation rooms in the event of symptoms, and increased cleaning and hygiene protocols. In 2022, the Company employed a full-time nurse at the project site on a 24/7 basis. |
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Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors |
No workers have been excluded from this disclosure. |
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Safety Training |
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Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training |
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Average hours of health, safety, and emergency response training for (a) full-time/direct employees |
20.63 |
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Average hours of health, safety, and emergency response training for (b) contract employees |
0 |
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Security, Human Rights and Rights of Indigenous People |
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Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations” |
None |
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Describe the nature of any social risks, for all operating countries, that could have a material risk to operations |
We have identified a key social risk is engagement with First Nations (Cree) as the Troilus Project is located on traditional Cree territory.
We have extensive ongoing engagement with the Cree Nation and align ourselves with the James Bay Agreement signed between the Government of Quebec and the Cree Nation.
In 2018, Troilus entered into a Pre- Development Agreement with the Cree Nation which serves as a precursor to a future Impact & Benefits Agreement. The PDA provides a framework for communication and cooperation between Troilus and the Cree Nation. In 2022, Troilus commenced the first community consultations as part of its Environmental and Social Impact Assessment which is required at the federal and provincial government levels to proceed to construction and eventually production. |
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Percentage of proved reserves that are located in or near areas of active conflict |
Does Not Apply |
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Percentage of probable reserves that are located in or near areas of active conflict |
Does Not Apply |
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Percentage of inferred, indicated and measured resources that are located in or near areas of active conflict |
Does Not Apply |
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Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land |
Does Not Apply |
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Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land |
Does Not Apply |
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Percentage of inferred, indicated and measured resources that are located in or near areas that are considered to be indigenous peoples’ land |
100.0000% |
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Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate |
The company notifies First Nations of drilling activity as part of the permitting process. The Company engages in regular communication and interaction with First Nations families, local leadership and community organizations to discuss priority issues such as environment, employment, skills training, safety and business opportunities.
In 2022, Troilus commenced its environmental permitting process which includes extensive community consultations. |
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Community Relations |
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Artisanal and Small-Scale Mining |
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Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) |
0 |
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Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site |
0.0000% |
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Report the associated risks and the actions taken to manage and mitigate these risks |
Artisanal and small-scale mining do not take place at or near the Troilus site. |
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Programs |
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Report on community relations programs, objectives and achievements in the past 3 years |
In 2022, Troilus has focused on direct engagement with local community leadership to keep them informed of development progress and economic contributions, sponsorship of community events, hiring of indigenous people and planning for long term capacity building. |
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Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business |
Troilus senior management meets with local community leaders on a regular basis to ensure transparent communication and collaboration. Troilus places a priority on local procurement which accounts for 65% of all procurement. Troilus employs a Community Liaison Officer who is indigenous and maintains a Troilus office in the neighbouring indigenous community. Troilus management engages regularly with impacted families whose traplines are on the property and provides monthly updates on activities and environmental monitoring. |
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Risks and Opportunities |
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Disclose the total number of site shutdowns or project delays due to non-technical factors |
0 |
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Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors |
0 |
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Governance |
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Climate Change |
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Oversight |
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Is there board-level oversight of climate-related issues within your organization |
Yes |
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Responsibility |
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Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues |
Sustainability committee |
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Nature of primary responsibility |
Assessing climate-related risks and opportunities |
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Reporting |
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Frequency of reporting to the board on climate-related issues |
Quarterly |
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Incentives |
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Do you provide incentives for the management of climate-related issues, including the attainment of targets |
No, not currently but we plan to introduce them in the next two years |
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As Troilus is not yet in production it is premature to set targets. However, Troilus considers climate-related issues at its current stage of development to design a future mining operation that will seek to minimize climate impacts. This includes considerations on future energy sources, vehicle fleet, etc. |
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Risk and Opportunity Management |
|
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Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities |
Yes |
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As Troilus is still in the exploration and development stage, climate-related risks and opportunities are not significant. The Company's focus with regard to climate-related risks and opportunities is to design a future mining operation that takes these into account. The Company believes that decisions it makes now regarding the design of the mine site can have a significant impact on the operation's climate impact. |
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Risk Assessments |
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Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business |
Yes |
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Provide details of identified risks in your direct operations with the potential to have a substantive financial or strategic impact on your business, and your response to those risks |
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Risk 1 |
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Where in the value chain does the risk driver occur |
Direct operations |
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Risk type and primary driver |
Acute Physical - Increased likelihood and severity of wildfires |
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Time horizon of risk |
Long-term |
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Likelihood of impact |
Likely |
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Magnitude of impact |
Unknown |
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Potential impact financial figure and explanation |
The Troilus mine site is located in northern Quebec. With rising global temperatures, summer wildfires have become an increasing risk and are expected to happen from time to time although the frequency is unpredictable and will depend on weather patterns. At the Company's current state of development, wildfires could cause a temporary shutdown of operations for the health and safety of staff. As Troilus does not have any production as yet, there would be no impact on revenues but this could be a factor in the future. |
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Primary potential financial impact |
Other, please specify |
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Wildfires have the potential to cause temporary shutdown of exploration and development activities which could delay development timelines. |
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Cost of response to risk and description |
Temporary suspension of activities at site. Financial cost would be minimal since the company is not yet in production and does not generate revenue. The co |