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).

Serra do Sapo

Brazil · Producing · 85.0% 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	615.10 Mt	31.06%	191.06 Mt Fe	31 Dec 2025
Indicated	1,029.40 Mt	31.51%	324.41 Mt Fe	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	1,644.50 Mt	31.33%	515.16 Mt Fe	31 Dec 2025
Inferred	403.50 Mt	31.61%	127.55 Mt Fe	31 Dec 2025
Total Resources	2,048.00 Mt	31.40%	643.02 Mt Fe	31 Dec 2025
Proved	—	—	—	—
Probable	3,260.30 Mt	32.64%	1,064.19 Mt Fe	31 Dec 2025
Total Reserves	3,260.30 Mt	32.64%	1,064.19 Mt Fe	31 Dec 2025

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

—

JORC code year

2012

Peer benchmark — producing Fe projects (34 with resources)Resource size P72Resource grade P19View 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: JORC 2012
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	2,048.00 Mt	31.40%	643.02 Mt Fe	31 Dec 2025	derived from 6 rows Measured: 48

Reserves

Area	Category	Tonnes (Mt)	Fe		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at	Source	Provenance
Friable itabirite and haematite	Probable	1,017.20 Mt	36.70%	373.31 Mt Fe	31 Dec 2025	48Unverified Evidence record Serra do Sapo Probable · Fe · as at 2025-12-31 Reported figure Area Friable itabirite and haematite Basis 100% Ore tonnes (t) 1017200000.0000 Grade 36.7000 Contained (t Fe) 373312400.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 48 Published 2026-03-02 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('Tonnes Recovered') — if the reserve table's metal column is 'Ounces Recovered' the stored contained figure is post-recovery, not an in-situ contained metal (t24 AGLD class; recoverable-basis machinery not built). Verify the column heading; reject recovered-basis rows. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) · published 02 Mar 2026 Ref: 48 Unknown code — Reporting code not yet captured for this row. Cutoff 25.00 % Fe — Cut-off grade assumption from the source statement. QA notes: QA WARN: document prints recovered-metal vocabulary ('Tonnes Recovered') — if the reserve table's metal column is 'Ounces Recovered' the stored contained figure is post-recovery, not an in-situ contained metal (t24 AGLD class; recoverable-basis machinery not built). Verify the column heading; reject recovered-basis rows.
Friable itabirite and haematite	Total Reserves	1,017.20 Mt	36.70%	373.31 Mt Fe	31 Dec 2025	48Unverified Evidence record Serra do Sapo Total Reserve · Fe · as at 2025-12-31 Reported figure Area Friable itabirite and haematite Basis 100% Ore tonnes (t) 1017200000.0000 Grade 36.7000 Contained (t Fe) 373312400.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 48 Published 2026-03-02 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('Tonnes Recovered') — if the reserve table's metal column is 'Ounces Recovered' the stored contained figure is post-recovery, not an in-situ contained metal (t24 AGLD class; recoverable-basis machinery not built). Verify the column heading; reject recovered-basis rows. QA WARN: 2 rows share this exact identity in this document with CONFLICTING figures (sibling copies: t=569900000.0 g=67.0 conf=0.9). EITHER at most one matches the print (reject the fabricated copies), OR two DISTINCT printed lines collapsed onto one identity because an area label went missing (t63 White Rock: the deposit line and its group Total, both print-exact, on one empty-area key) — then restore the printed label of one copy (FIX mining_area) instead of rejecting — OR the copies come from differently YEAR-HEADED tables of a comparative filing (t67 NEM: every table prints at two year-ends and both copies are print-exact) — then FIX as_at_date to each copy's own table year instead of rejecting — OR both copies are print-exact and collided because a category/classification was mis-mapped (t71 EQX: per-classification Total rows all stored as total_resource) — then FIX category on the mis-mapped copy. QA BLOCK: conflicting duplicate — this (project, mining area, commodity, classification, category, as-at date) appears 2 times in the document WITH DIFFERENT figures. At most one copy matches the print; verify each against the document and reject the rest (a copy whose figures appear nowhere in the text is fabricated). Copies a pre-filled issue record so you can send it through your normal channel.
Itabirite	Probable	2,243.10 Mt	30.80%	690.87 Mt Fe	31 Dec 2025	48Unverified Evidence record Serra do Sapo Probable · Fe · as at 2025-12-31 Reported figure Area Itabirite Basis 100% Ore tonnes (t) 2243100000.0000 Grade 30.8000 Contained (t Fe) 690874800.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 48 Published 2026-03-02 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('Tonnes Recovered') — if the reserve table's metal column is 'Ounces Recovered' the stored contained figure is post-recovery, not an in-situ contained metal (t24 AGLD class; recoverable-basis machinery not built). Verify the column heading; reject recovered-basis rows. Copies a pre-filled issue record so you can send it through your normal channel.	notes (3) Source: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025)
Itabirite	Total Reserves	2,243.10 Mt	30.80%	690.87 Mt Fe	31 Dec 2025	48Unverified Evidence record Serra do Sapo Total Reserve · Fe · as at 2025-12-31 Reported figure Area Itabirite Basis 100% Ore tonnes (t) 2243100000.0000 Grade 30.8000 Contained (t Fe) 690874800.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 48 Published 2026-03-02 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('Tonnes Recovered') — if the reserve table's metal column is 'Ounces Recovered' the stored contained figure is post-recovery, not an in-situ contained metal (t24 AGLD class; recoverable-basis machinery not built). Verify the column heading; reject recovered-basis rows. QA WARN: 2 rows share this exact identity in this document with CONFLICTING figures (sibling copies: t=1048400000.0 g=67.0 conf=0.9). EITHER at most one matches the print (reject the fabricated copies), OR two DISTINCT printed lines collapsed onto one identity because an area label went missing (t63 White Rock: the deposit line and its group Total, both print-exact, on one empty-area key) — then restore the printed label of one copy (FIX mining_area) instead of rejecting — OR the copies come from differently YEAR-HEADED tables of a comparative filing (t67 NEM: every table prints at two year-ends and both copies are print-exact) — then FIX as_at_date to each copy's own table year instead of rejecting — OR both copies are print-exact and collided because a category/classification was mis-mapped (t71 EQX: per-classification Total rows all stored as total_resource) — then FIX category on the mis-mapped copy. QA BLOCK: conflicting duplicate — this (project, mining area, commodity, classification, category, as-at date) appears 2 times in the document WITH DIFFERENT figures. At most one copy matches the print; verify each against the document and reject the rest (a copy whose figures appear nowhere in the text is fabricated). Copies a pre-filled issue record so you can send it through your normal channel.