Australian Rare Earths (AR3) is working to secure a sustainable future through an environmentally and socially responsible approach to producing critical rare earth materials for a cleaner energy future.
Click on the Sustainability Report cover to view.
Environment – minimising our footprint
Part of AR3’s purpose is to unlock the materials critical to producing cleaner and more affordable energy technologies to provide a more sustainable future.
To support this purpose, AR3 continues to seek new and innovative ways to investigate and extract these materials in a safe and environmentally responsible manner. We believe environmental protection and stewardship are the keys to ensuring long-term viability of our business, including maintaining the necessary support from our host communities and governments.
Unlike other rare earth deposits, extraction of clay-hosted rare earths has a lower impact than other forms of Rare Earth Elements (REE) mining and does not produce any radioactive waste materials. The progressive rehabilitation process allows for the rapid restoration of the land to its former use.
AR3 value the agricultural landscape in the regions in which it operates and understands the importance water resources play in the community. As such AR3 maintains a strong focus on ensuring its activities will not impact the regions precious water resources, not only now but into the future.
Social – protecting our people
People are central to our business operations, and we work hard to ensure our employees and contractors feel valued and engaged
We also maintain a strong focus to ensure we maintain a safe workplace and take active steps to promote the health and wellbeing of our people.
We believe all harmful incidents are preventable. Whilst all operations involve risk, we aim to achieve the ultimate goal of zero harm to all employees and contractors, landholders and local community members either directly or indirectly associated with our operations.
Attracting and retaining talent is key to our competitiveness and remains a critical focus.
We also recognise the importance of diversity of culture, age, race, gender, and sexual orientation within our workforce. A multitude of perspectives and diversity of thought has a direct and positive impact on productivity and creativity.
Community – building prosperity
At AR3, building trust, respect and acceptance in the community is at the core of our values. AR3 also acknowledge the importance of developing long lasting relationships with landowners, to enable access to explore and potentially develop the underlying rare earth resources.
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.
Engagement with landholders forms a critical part of our activities. We are committed to always respecting landholders’ rights and will work in a respectful and courteous manner with all landholders within our tenure areas, acknowledging their operational constraints and enterprise values.
Governance – establishing accountability and stewardship
At AR3, our goal is to create value for all shareholders and the Board of Directors play a pivotal role in not only providing governance and oversight, but a strategic role in co-creation with management of the Company’s strategic purpose and vision, leveraging their collective global experience in developing rare earth resources.
The Board of Directors through the Audit and Risk standing committee play an important oversight role to ensure appropriate risk management systems are in place to identify, assess, manage and mitigate material risks facing the company, including financial, operational and sustainability risks.
Business conduct at AR3 is governed by a Code of Conduct Policy which outlines values based expectations on how we should conduct our business.
Importantly, the foundation of how we conduct our business at AR3 is to empower our employees and contractors to have the courage and commitment to do what is right, not what is easy.