View settings100% · M+I+I · Resources excl. reserves · Native commodities

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).

Itapanhoacanga

Brazil · Developing · 95.1% ownedUnverified

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	54.20 Mt	37.60%	20.38 Mt Fe	31 Dec 2025
Indicated	190.90 Mt	38.69%	73.85 Mt Fe	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	245.20 Mt	38.48%	94.36 Mt Fe	31 Dec 2025
Inferred	171.50 Mt	38.44%	65.92 Mt Fe	31 Dec 2025
Total Resources	416.60 Mt	38.44%	160.15 Mt Fe	31 Dec 2025
Proved	—	—	—	—
Probable	—	—	—	—
Total Reserves	—	—	—	—

M&I is the issuer's printed Measured + Indicated subtotal — it overlaps the Measured and Indicated rows and is never added alongside them; the Total rows and every rollup already exclude it.

Cut-off grade

25.0000 % Fe

Price assumption

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JORC code year

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Peer benchmark — developing Fe projects (8 with resources)Resource size P44Resource grade P81View 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: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) · 31 Dec 2025
Reporting code: unknown
Convention: exclusive
Currency assumption: GBP

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
Total	Total Resources	416.60 Mt	38.44%	160.15 Mt Fe	31 Dec 2025	derived from 6 rows Measured: 49