Page 14 - ARE Sustainability Report - Sept 2021

Community - Building prosperity
ECONOMIC CONTRIBUTION
As our operations are based in regional communities, we are heavily reliant upon being an accepted member of these communities.
We contribute to the communities where we operate by employing local people, providing access payments to local landholders and purchasing local goods and services wherever possible.
We are proud of the valuable contribution we make to
the communities where we operate and to society. The economic contribution we make is an important part of this.
R&D EXPENDITURE
AR3 is actively involved in Rare Earth Mineral research with both the University of Toronto and the University of Adelaide and with the Australian Nuclear Science
and Technology Organisation (ANSTO) who have world-leading expertise in the processing of critical and strategic metals .
We believe there is an important role to be played as a leading resources company to contribute to global research e orts in the production of critical rare earth materials. In FY2022, our forecast expenditure towards research will be in the range of $500,000.
TOTAL TAXES PAID
AR3 understand the important roles companies play in the provision of revenue sources for governments.
Whilst we are currently in an exploration phase, the economic contributions made from AR3 to governments to date include payroll tax, goods and services tax (10%), stamp duties and permit fees.
SPONSORSHIP
AR3 value the rich social tapestry of regional communities and important roles community groups play in keeping alive the social interaction across often remote areas.
In order to provide support to the important role these local community groups play, AR3 is close to launching a sponsorshipsupport fund, which will allocate approximately $15,000 per annum. The allocation of these support funds will be focused on a range of sporting, arts and other community interest groups.
Applications for funding will be made public once AR3 has established its regional o ice in Naracoorte.
LAND ACCESS
AR3 acknowledge the importance of developing long lasting relationships with landowners, to enable access to explore and potentially develop the underlying rare earth resources
Land access agreements provide the fundamental basis for AR3 to access tenure to drill, sample and de ne a geological resource. Gaining access to the greatest area of tenure,
will provide the most optimal resource evaluation and de nition and potentially the lowest future development disturbance footprint. We will respect landholders’ rights and will work in a respectful and courteous manner to all landholders within our tenure areas, acknowledging land- holder’s operational constraints and enterprise values.
Where land access is granted, a formal land access com- pensation agreement (LACA) will be established between the landholder and AR3, to ensure the landholders rights are protected and levels of access are controlled.
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