20974 29Metals AR23 WEB V1 - Flipbook - Page 41
2023 key
results
Chair letter and
CEO report
About
29Metals
Our
assets
Sustainability
& ESG Report
Mineral Resources
and Ore Reserves
Annual
Financial Report
37
Lagging safety indicators 2023
Leading safety indicators 2023
Lagging safety indicators at 29Metals are used to gain an insight
into our safety performance related to incidents or accidents
during the Repor琀椀ng Period. Our approach to measuring safety
performance is measuring lagging indicators such as Total
Recordable Injuries (‘TRI’), Total Recordable Injury Frequency Rate
(‘TRIFR’), Lost Time Injuries (‘LTI’), Lost Time Injury Frequency
Rate (‘LTIFR’), Signi昀椀cant Incidents (‘SI’) and Signi昀椀cant Incident
Frequency Rate (‘SIFR’).
Leading safety indicators are measures that seek to gain foresight
into poten琀椀al problems before they become signi昀椀cant incidents
or accidents. These indicators enable us to take appropriate
preventa琀椀ve ac琀椀ons that reduce risk exposure in the long run.
These lagging indicators are reported on a rolling twelve-month
and per million work hour basis.
There was a material improvement in safety performance across
the Group in 2023, as measured by lagging indicators, with the
Group’s TRIFR reduced by ~34%, and LTIFR by ~25%, compared
to 2022, and zero fatali琀椀es. The Group’s SIFR was rela琀椀vely sta琀椀c
compared to 2022.
Despite the challenges at Capricorn Copper in 2023, the site
recorded a 昀椀ve month recordable injury-free period. Safety
has been our focus as we work through the Capricorn Copper
Recovery Plan11 and ac琀椀vi琀椀es at the site.
800
600
400
Table 1 Lagging indicator performance for comparison
of 2022 and 2023
200
2022
21
Signi昀椀cant Incidents12
4
11
4
13
Lost Time Injuries
Dec
8
Nov
13
Oct
4
Sep
Total Recordable
Injuries
Cri琀椀cal control audits completed
Leadership safety interac琀椀ons
Aug
1,858,012
Jul
1,142,412
Jun
1,826,648
May
711,409
Safety Indicators
Apr
Golden
Grove
Mar
Capricorn
Copper
Feb
Golden
Grove
Jan
0
Capricorn
Copper
Work hours
29Metals performance against these leading indicators is shown
in the 昀椀gure below. During the Repor琀椀ng Period, the total number
of cri琀椀cal control audits completed, leadership safety interac琀椀ons,
and workplace inspec琀椀ons increased, however, there was a slight
decrease in the number of hazards reported in 2023 compared
to 2022.
Number of leading safety indicators 2023
29Metals lagging indicator performance is outlined in Table 1:
2023
29Metals employs four main types of leading indicators covering
safety hazard iden琀椀昀椀ca琀椀on and precau琀椀onary measures.
These leading indicators are: veri昀椀ca琀椀on of cri琀椀cal risk controls;
safety inspec琀椀ons; hazard iden琀椀昀椀ca琀椀on; and leadership oversight.
These leading indicators are tracked and reported on regularly.
Hazards reported
Workplace inspec琀椀ons
Number of leading safety indicators 2022–2023
1
3
2
3
6,000
TRIFR13
5.6
7.1
7.0
11.3
5,000
LTIFR
1.4
1.6
1.8
1.6
4,000
SIFR
5.6
6.0
3.5
7.0
3,000
2,000
1,000
Lagging safety indicators 2023
0
Cri琀椀cal control
audits completed
10
2022
8
Hazards
reported
Leadership safety
interac琀椀ons
Workplace
inspec琀椀ons
2023
6
4
2
TRI
TRIFR 12 Months avg.
Dec
Nov
Oct
Sep
Aug
Jul
Jun
May
Apr
Mar
Feb
Jan
0
LTIFR 12 Months avg.
SIFR 12 Months avg.
11. Informa琀椀on regarding the Capricorn Copper Recovery Plan was set out in 29Metals’ Investor Presenta琀椀on en琀椀tled “Strategic Update” released to the ASX
Announcements pla琀昀orm on 23 May 2023.
12. Page 10 of the 2022 Sustainability & ESG Report incorrectly referred to SI as Signi昀椀cant Injuries and SIFR as Signi昀椀cant Injury Frequency Rate.
The correct terminology has been used above
13. Calculated, TRIFR = number of TRI / million work hours.
