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).

Sishen

Northern Cape, South Africa · Producing · 52.5% 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	292.60 Mt	53.50%	156.54 Mt Fe	31 Dec 2025
Indicated	225.80 Mt	52.75%	119.12 Mt Fe	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	518.40 Mt	53.18%	275.67 Mt Fe	31 Dec 2025
Inferred	68.00 Mt	44.30%	30.12 Mt Fe	31 Dec 2025
Total Resources	586.40 Mt	52.15%	305.78 Mt Fe	31 Dec 2025
Proved	467.10 Mt	56.80%	265.31 Mt Fe	31 Dec 2025
Probable	212.50 Mt	47.07%	100.02 Mt Fe	31 Dec 2025
Total Reserves	679.60 Mt	53.81%	365.71 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

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Price assumption

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JORC code year

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Peer benchmark — producing Fe projects (34 with resources)Resource size P51Resource grade P51View 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	586.40 Mt	52.15%	305.78 Mt Fe	31 Dec 2025	derived from 4 rows Measured: 43

Reserves

Area	Category	Tonnes (Mt)	Fe		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (% Fe)	Contained (Mt Fe)	As at	Source	Provenance
Haematite	Proved	467.10 Mt	56.80%	265.31 Mt Fe	31 Dec 2025	43Unverified Evidence record Sishen Proved · Fe · as at 2025-12-31 Reported figure Area Haematite Basis 100% Ore tonnes (t) 467100000.0000 Grade 56.8000 Contained (t Fe) 265312800.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 43 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 (2) 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: 43 Unknown code — Reporting code not yet captured for this row. 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.
Haematite	Probable	147.70 Mt	47.80%	70.60 Mt Fe	31 Dec 2025	43Unverified Evidence record Sishen Probable · Fe · as at 2025-12-31 Reported figure Area Haematite Basis 100% Ore tonnes (t) 147700000.0000 Grade 47.8000 Contained (t Fe) 70600600.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 43 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 (2) Source: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025)
Haematite	Total Reserves	614.80 Mt	54.70%	336.30 Mt Fe	31 Dec 2025	43Unverified Evidence record Sishen Total Reserve · Fe · as at 2025-12-31 Reported figure Area Haematite Basis 100% Ore tonnes (t) 614800000.0000 Grade 54.7000 Contained (t Fe) 336295600.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 43 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 (2) Source: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025)
Stockpile	Probable	64.80 Mt	45.40%	29.42 Mt Fe	31 Dec 2025	43Unverified Evidence record Sishen Probable · Fe · as at 2025-12-31 Reported figure Area Stockpile Basis 100% Ore tonnes (t) 64800000.0000 Grade 45.4000 Contained (t Fe) 29419200.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 43 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 (2) Source: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025)
Stockpile	Total Reserves	64.80 Mt	45.40%	29.42 Mt Fe	31 Dec 2025	43Unverified Evidence record Sishen Total Reserve · Fe · as at 2025-12-31 Reported figure Area Stockpile Basis 100% Ore tonnes (t) 64800000.0000 Grade 45.4000 Contained (t Fe) 29419200.0000 Classification Reserve Source trail Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025) 43 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 (2) Source: Anglo American plc - Ore Reserves and Mineral Resources Report 2025 (dedicated annual R&R statement, as at 31 Dec 2025)