Policies
What we commit to.
These commitments are those of Fable Resources Pty Ltd and of its three exploration subsidiaries, Eirzan Copper Pty Ltd, Kinkosa Gold Pty Ltd and Valdur Rare Pty Ltd. The group holds 17 Queensland exploration permit applications and no granted permit, no mining lease and no mine.
Native title and cultural heritage
Consent before ground, in that order
Every application in the portfolio is over land where native title rights may exist. A Queensland exploration permit cannot be granted until the native title process for it is complete, through the expedited procedure, a native title protection conditions agreement, a right to negotiate process under section 31 of the Native Title Act 1993 (Cth) or an indigenous land use agreement. We take the pathway the department and the native title party agree to, and we do not press for the expedited procedure where a party objects to it.
Parts of the Cape York applications lie over Aboriginal freehold and deed of grant in trust land. Entry there needs the land trust's consent in its own right, separately from anything the native title process produces.
Cultural heritage is a statutory duty of care under the Aboriginal Cultural Heritage Act 2003 (Qld) and the Torres Strait Islander Cultural Heritage Act 2003 (Qld). It applies to us now, before any permit is granted, and it is not discharged by a database search.
Our commitment is that no ground disturbing activity happens anywhere in the portfolio until the cultural heritage position for that specific ground is settled with the relevant party, by a cultural heritage management plan where one is required and by agreement where one is not.
Landholders
No entry on a notice alone
Land access in Queensland runs under the Mineral and Energy Resources (Common Provisions) Act 2014. Preliminary activities need an entry notice of at least ten business days. Advanced activities, which is everything that disturbs ground, need a conduct and compensation agreement with each affected landholder, or a determination if agreement cannot be reached.
We hold applications, not permits, so we currently have no right of entry at all. No one from this group is on anyone's property.
Our commitments, beyond the statute: we identify every affected lot and occupier before we lodge, not after grant; we contact landholders ourselves rather than through an agent; we negotiate compensation on the statutory heads including the landholder's reasonable legal and valuation costs; we prefer agreement to determination, and we will not use the determination route to apply time pressure to a landholder who is negotiating in good faith.
Where a property has been mapped for a work program, the landholder is told what is planned on their land before any public document describes it.
Modern slavery
Below the threshold, not exempt from the problem
The Modern Slavery Act 2018 (Cth) requires an annual statement from entities with at least A$100 million consolidated revenue. The group is far below that and is not a reporting entity, so nothing on this page is a modern slavery statement for the purposes of that Act.
The exposure a junior explorer actually has is in its supply chain rather than its own workforce: drilling and earthmoving contractors, camp and catering, freight, laboratory services, geophysical survey crews, and hardware bought through resellers.
What we commit to: no recruitment fees charged to any worker on any contract we let; no retention of passports or identity documents; a written right for us to ask any contractor for its own labour arrangements, with flow down to subcontractors; and termination for a supplier that will not answer. We will make the same enquiry of any laboratory, equipment or component supplier where the chain runs through jurisdictions with a known forced labour risk.
If the group's revenue ever crosses the reporting threshold, or a counterparty's own statement requires it, we will publish a statement to the Act's seven mandatory criteria.
Bribery and corruption
Including the payments that are legal elsewhere
Bribery of a foreign public official is an offence under Division 70 of the Criminal Code Act 1995 (Cth), and since the 2024 reforms a company can also commit an offence by failing to prevent bribery by an associate, with a defence for having adequate procedures in place. Domestically the Crime and Corruption Act 2001 (Qld) applies to dealings with Queensland public officials, and the Mineral Resources Act 1989 carries its own integrity provisions for tenure dealings.
Australian law preserves a narrow facilitation payment defence. We do not rely on it. Facilitation payments are prohibited across the group, including small payments to expedite a routine permit, inspection or customs step.
Commitments: no payment, gift, hospitality or political donation is made to obtain or retain tenure, approvals or a commercial advantage; hospitality to a public official is not offered at all; gifts given or received above a nominal value are recorded in the register the company secretary keeps; and any agent or consultant acting for the group in a dealing with government is engaged in writing with an anti-bribery term.
The adequate procedures defence assumes documented procedures, and we do not claim it would be made out today on the strength of this page alone.
Safety, environment and rehabilitation
There is no site yet, and that is the point
No field activity has taken place on the group's own ground. There is no site, no camp, no contractor on the ground and consequently no injury record to report. We would rather say that than present an unblemished statistic that reflects the absence of work.
When work starts, it runs under the Mining and Quarrying Safety and Health Act 1999 (Qld) with the statutory positions appointed before mobilisation, and under the Work Health and Safety Act 2011 (Qld) for everything outside a mining operation. Contractors work to their own safety management plans, which we read before award rather than collect after.
Exploration in Queensland requires an environmental authority under the Environmental Protection Act 1994 before ground disturbance, and a referral under the Environment Protection and Biodiversity Conservation Act 1999 (Cth) where a matter of national environmental significance may be affected. The group holds no environmental authority, because it holds no granted permit.
Commitments: rehabilitation is planned and costed into a program before it is approved, not after; drill sites and tracks are rehabilitated progressively; and where an application overlaps a sensitive area, that overlap is disclosed in the application rather than worked around.
Information and technical reporting
What we will and will not say about a rock
Technical disclosure. Nothing published by the group states or implies a Mineral Resource, an Ore Reserve or an Exploration Target. No estimate of that kind exists anywhere in the portfolio. Historical figures reproduced from open file company reports are third party, pre-JORC and not reported as our own. Every public view of our technical data carries a note that it is not a JORC public report. Before any such estimate is first stated, a competent person is engaged and a resource governance protocol is adopted.
Confidentiality. The geometry of un-lodged target ground is commercially sensitive and is withheld until lodgement, consistent with section 134A of the Mineral Resources Act 1989.
Privacy. The group collects personal information from landholders, native title parties and investors. Its turnover is below the small business threshold in the Privacy Act 1988 (Cth), so the Australian Privacy Principles do not currently bind it. That exemption is under review and we do not treat it as permission: landholder and investor information is held only for the purpose it was given, is not sold or shared with third parties for marketing, and is available to the person who gave it on request.
Disclosure. The group is unlisted and is not a disclosing entity, so continuous disclosure does not apply to it. A single authorised spokesperson speaks for the group, and every figure in an investor document carries its author, date, source and verifier.