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Reporting assumptions

These choices persist and are added to shared URLs.

Ownership basis

Show the full project inventory before ownership adjustment.

Display scale

Display contained quantities in millions of ounces or tonnes.

Resource treatment

Normalise Resources to exclude Reserves: where a project is flagged inclusive, net Reserves out of Resources so the figure is additional Resources beyond Reserves. Unknown-convention rows are shown as stated.

Resource total

Total Resource includes Inferred (JORC convention). Totals are re-derived from category rows wherever the document discloses them.

Recovery basis

Show the issuer's headline recoverable figure as reported. Lithium-brine reserves already have the brine-processing recovery factor applied; everything else is shown as stated.

Commodity view

Primary view: each commodity in its own contained unit (oz / t).

Kings and Queens

Western Australia, Australia · ProducingUnverified

Current R&R by category

Whole-project rollup at the latest vintage per category: printed project-level rows are preferred, and mining areas are summed (tonnes-weighted grade) only where the issuer prints no project-level row. Per-area and per-source detail in the Current R&R table below.

Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at
Measured	631.00 Mt	55.30%	348.94 Mt Fe	30 June 2025
Indicated	604.00 Mt	54.90%	331.60 Mt Fe	30 June 2025
Inferred	380.00 Mt	55.20%	209.76 Mt Fe	30 June 2025
Total Resources	969.00 Mt	53.90%	522.29 Mt Fe	30 June 2025
Proved	368.00 Mt	56.90%	209.39 Mt Fe	30 June 2025
Probable	277.00 Mt	56.80%	157.34 Mt Fe	30 June 2025
Total Reserves	646.00 Mt	56.90%	367.57 Mt Fe	30 June 2025

Sub-category rows are as disclosed (no Reserves-treatment netting); the Total rows honour the Resources treatment and Inferred-policy toggles, so components may not sum to the Total.

Dotted tonnes/grade are derived under the active Resources treatment: tonnes are netted of (or grossed by) the reserve tonnage alongside contained, and grade is re-derived as netted contained ÷ netted tonnes — not the published figures.

Cut-off grade

51.5000 % Fe · 52.0000 % Fe

Price assumption

—

JORC code year

2012

Peer benchmark — producing Fe projects (34 with resources)Resource size P63Resource grade P57View on grade-tonnage chart →

Percentile of this project's current total Resource among covered peers (P100 = largest / highest grade). Basis and Inferred toggles apply.

Data quality

Latest source: Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) · 30 June 2025
Reporting code: JORC 2012
Convention: inclusive
Currency assumption: A$

Current R&R

Resources

Area	Category	Tonnes (Mt)	Fe		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at	Source	Provenance
Western Hub	Measured	631.00 Mt	55.30%	348.94 Mt Fe	30 June 2025	page 51Unverified Evidence record Kings and Queens Measured · Fe · as at 2025-06-30 Reported figure Area Western Hub Basis 100% Ore tonnes (t) 631000000.0000 Grade 55.3000 Contained (t Fe) 348943000.0000 Classification Resource Source trail Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) page 51 Published 2025-08-26 Verification Approved; not independently verified · Model extracted QA WARN: area 'Western Hub' references sibling project 'western hub' stored from this same document — likely an umbrella/headline summary duplicate of that project's own rows; policy keeps the per-project rows. Copies a pre-filled issue record so you can send it through your normal channel.

Western Hub

Total Resources

969.00 Mt

53.90%

522.29 Mt Fe

30 June 2025

page 51Unverified

notes (4)

Source: Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) · published 26 Aug 2025

Ref: page 51

JORC 2012 — Reporting code of record: JORC 2012
Cutoff 51.50 % Fe — Cut-off grade assumption from the source statement.
inc — Stated Resources are inclusive of Reserves. Set Resources: Excl. Reserves to net them out.

QA notes:

QA WARN: area 'Western Hub' references sibling project 'western hub' stored from this same document — likely an umbrella/headline summary duplicate of that project's own rows; policy keeps the per-project rows. QA WARN: cross-category subtotal — this total_resource row on area 'Western Hub' equals the sum of the same area's measured+indicated+inferred leaves — a per-deposit M&I/P&P-style total (t24 LUN/LUG NI 43-101 class). Policy keeps category leaves + the whole-project Total; adjudicate per the per-property-totals precedent before approval.

Reserves

Area	Category	Tonnes (Mt)	Fe		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at	Source	Provenance
Western Hub	Proved	368.00 Mt	56.90%	209.39 Mt Fe	30 June 2025	page 49Unverified Evidence record Kings and Queens Proved · Fe · as at 2025-06-30 Reported figure Area Western Hub Basis 100% Ore tonnes (t) 368000000.0000 Grade 56.9000 Contained (t Fe) 209392000.0000 Classification Reserve Source trail Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) page 49 Published 2025-08-26 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: area 'Western Hub' references sibling project 'western hub' stored from this same document — likely an umbrella/headline summary duplicate of that project's own rows; policy keeps the per-project rows. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) · published 26 Aug 2025 Ref: page 49 JORC 2012 — Reporting code of record: JORC 2012 Cutoff 52.00 % Fe — Cut-off grade assumption from the source statement. QA notes: QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: area 'Western Hub' references sibling project 'western hub' stored from this same document — likely an umbrella/headline summary duplicate of that project's own rows; policy keeps the per-project rows.
Western Hub	Probable	277.00 Mt	56.80%	157.34 Mt Fe	30 June 2025	page 49Unverified Evidence record Kings and Queens Probable · Fe · as at 2025-06-30 Reported figure Area Western Hub Basis 100% Ore tonnes (t) 277000000.0000 Grade 56.8000 Contained (t Fe) 157336000.0000 Classification Reserve Source trail Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) page 49 Published 2025-08-26 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: area 'Western Hub' references sibling project 'western hub' stored from this same document — likely an umbrella/headline summary duplicate of that project's own rows; policy keeps the per-project rows. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source:
Western Hub	Total Reserves	646.00 Mt	56.90%	367.57 Mt Fe	30 June 2025	page 49Unverified Evidence record Kings and Queens Total Reserve · Fe · as at 2025-06-30 Reported figure Area Western Hub Basis 100% Ore tonnes (t) 646000000.0000 Grade 56.9000 Contained (t Fe) 367574000.0000 Classification Reserve Source trail Fortescue FY25 Annual Report and Appendix 4E (Ore Reserves and Mineral Resources chapter) page 49 Published 2025-08-26 Verification Approved; not independently verified · Model extracted QA INFO: inclusive-of-reserves flag cleared — the flag describes resource statements; reserve rows carry none. QA WARN: area 'Western Hub' references sibling project 'western hub' stored from this same document — likely an umbrella/headline summary duplicate of that project's own rows; policy keeps the per-project rows. QA WARN: cross-category subtotal — this total_reserve row on area 'Western Hub' equals the sum of the same area's proved+probable leaves — a per-deposit M&I/P&P-style total (t24 LUN/LUG NI 43-101 class). Policy keeps category leaves + the whole-project Total; adjudicate per the per-property-totals precedent before approval. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3)