Principle 10: Recognise the Legitimate Interests of Stakeholders

"Recognise legal and other obligations to all legitimate stakeholders"

Recommendation 10.1: Establish and disclose a code of conduct to guide compliance with legal and other obligations to legitimate stakeholders.

As set out in relation to best practice recommendation 3.1, the Company has adopted a "General Corporate Code of Conduct" setting the standards expected of officers, employees and contractors in carrying out their duties. Under the "General Corporate Code of Conduct", officers and employees must, in all aspects of Company operations:

• act honestly, in good faith and in the best interests of the Company as a whole;
• seek to understand and comply with all applicable laws and Company policies (the Company has comprehensive written policies covering environmental principles, resource development on or near Aboriginal land, health safety and the environment and environmental management and monitoring);
• endeavour to avoid all forms of conflict of interest or divided loyalties;
• be professional, responsible and accountable;
• protect the Company's assets and ensure their efficient use;
• maintain confidentiality of non-public information except where disclosure is authorised or legally mandated; and
• deal responsibly with the community and specifically in all dealings with traditional landowners.

The Board and management monitor implementation of the "General Corporate Code of Conduct", and any breaches of it are reported by employees or contractors to their supervisor and by management or directors to the Board or the Company's Chairman.