Community Investment Guidelines – Estelle Gold Project, Alaska
Nova Minerals aims to uphold the highest corporate, social and environmental standards and recognises the importance of building respectful and inclusive relationships with our Alaskan stakeholders, communities and governing organisations.
Nova Minerals is committed to positively impacting local communities within which it operates to achieve meaningful social and economic benefits.
As a member of these communities we strive to offer support, wherever possible, through prioritising local procurement and local employment and community partnering initiatives consistent with our core values – Integrity, Alignment and Advancement, and above all to ‘Do the right thing’.
The following guidelines provide the framework for Community Investment decision making.
As funding is limited during the current exploration stage, Nova has determined three focus areas of Education, Environment and Community Connection in order to best prioritise our support.
Requests for funding that align with the following core focus areas will be prioritised :
- Education – initiatives that advance and improve regional educational opportunities.
- Environment – initiatives that protect and rehabilitate the environment.
- Community Connection – supporting local opportunities, events and groups to strengthen the community connection within the region.
Nova Minerals currently deems its local communities relevant to the Estelle Project to be: Willow, Skwentna and surrounds.
Types of Contributions:
- Sponsorships – commitment of money or resources in exchange for specific promotional benefits.
- Donations – a monetary contribution. Nova does not expect anything in return for these contributions.
- In-kind Support – non-monetary contributions such as volunteer support.
What will not be supported?
Nova Minerals will not consider funding requests:
- That do not align with Nova’s core values.
- That are retrospective in nature.
- From individuals seeking support.
- From profit businesses.
- From programs located outside of Nova’s ‘local communities’.
- From organisations or individuals that promote activities that are discriminatory or offensive.
- From a program that is traditionally the role of the government.
- From any political parties or government departments.
- That duplicate services already provided within the community.
Funding proponents must be able to meet Nova’s expectations of its partners including complying with laws and regulations such as applicable competition, consumer protection, environmental, employment, modern slavery, health, safety and welfare laws. Sponsorship or donations will not be provided in exchange for a contract, permit or other business benefit.
Supported sponsorships and funding will be formalised in a sponsorship agreement between the two parties.
Establishing strong and collaborative working relationships with the communities where we operate is essential to earning and maintaining the social license to operate – a license that’s based on a solid foundation of respect for the values, and the culture, including helping to maintain their subsistence way of life. It’s only possible through an atmosphere of openness, transparency, constructive dialogue, and mutual respect on the part of all stakeholders.