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).

Cobre Panamá

Panama · Producing · 91.0% ownedManual entry

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.

Au

Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	As at
Measured	100.90 Mt	0.15 g/t	0.49 Moz	31 Dec 2025
Indicated	3,212.00 Mt	0.06 g/t	6.20 Moz	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	3,312.90 Mt	0.06 g/t	6.39 Moz	31 Dec 2025
Inferred	1,084.50 Mt	0.04 g/t	1.39 Moz	31 Dec 2025
Total Resources	4,435.00 Mt †	0.06 g/t †	0.00 Moz	31 Dec 2025
Proved	98.40 Mt	0.15 g/t	0.47 Moz	31 Dec 2025
Probable	2,669.30 Mt	0.06 g/t	5.15 Moz	31 Dec 2025
Total Reserves	2,767.70 Mt	0.07 g/t	6.23 Moz	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.

† Tonnes and grade as published (not net): the reserve statement prints no tonnage to net out, so only Contained honours the Resources treatment on this row.

Ag

Category	Tonnes (Mt)	Grade (g/t Ag)	Contained (Moz Ag)	As at
Measured	100.90 Mt	1.65 g/t	5.35 Moz	31 Dec 2025
Indicated	3,212.00 Mt	1.33 g/t	136.99 Moz	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	3,275.40 Mt	1.34 g/t	141.11 Moz	31 Dec 2025
Inferred	1,084.50 Mt	1.09 g/t	38.01 Moz	31 Dec 2025
Total Resources

Cu

Category	Tonnes (Mt)	Grade (% Cu)	Contained (Mt Cu)	As at
Measured	100.90 Mt	0.58%	0.59 Mt Cu	31 Dec 2025
Indicated	3,212.00 Mt	0.36%	11.56 Mt Cu	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	3,312.90 Mt	0.37%	12.26 Mt Cu	31 Dec 2025
Inferred	1,084.50 Mt	0.26%	2.82 Mt Cu	31 Dec 2025
Total Resources

Mo

Category	Tonnes (Mt)	Grade (% Mo)	Contained (Mt Mo)	As at
Measured	100.90 Mt	0.01%	0.01 Mt Mo	31 Dec 2025
Indicated	3,212.00 Mt	0.01%	0.17 Mt Mo	31 Dec 2025
M&I = Measured + Indicated (overlaps both)	3,275.40 Mt	0.01%	0.16 Mt Mo	31 Dec 2025
Inferred	1,084.50 Mt	0.01%	0.05 Mt Mo	31 Dec 2025
Total Resources

Cut-off grade

0.1500 g/t Ag · 0.1500 g/t Au · 0.1500 % Cu · 0.1500 % Mo

Price assumption

US$3.00/t

JORC code year

—

Peer benchmark — producing Cu projects (98 with resources)Resource size P75Resource grade P31View 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: First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) · 31 Dec 2025
Reporting code: unknown
Convention: inclusive
Currency assumption: US$

Current R&R

Resources

Area	Category	Tonnes (Mt)	Au		Ag		Cu		Mo		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	Grade (g/t Ag)	Contained (Moz Ag)	Grade (% Cu)	Contained (Mt Cu)	Grade (% Mo)	Contained (Mt Mo)	As at	Source	Provenance
Total	Measured	100.90 Mt	0.15 g/t	0.49 Moz	—

Excluding stockpiles

M&I = Measured + Indicated (overlaps both)

3,275.40 Mt

0.07 g/t

7.37 Moz

1.34 g/t

141.11 Moz

0.37%

12.12 Mt Cu

0.01%

0.16 Mt Mo

31 Dec 2025

111Unverified

notes (7)

Source: First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) · published 28 Feb 2026

Ref: 111

Unknown code — Reporting code not yet captured for this row.
Cutoff 0.15 g/t Ag — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. QA WARN: cross-category subtotal — this whole-project total_resource row equals the measured+indicated category value while inferred rows exist (an M&I/P&P-style total excluding inferred — t24 LUN / t25 GMIN-IMG class). Reject the subtotal; the full-set total (or leaves) carries the estimate. This is the SYSTEMIC M&I-as-total class (t71: 22+ rejects across two agents) — only a Measured+Indicated+Inferred total is total_resource; P&P → total_reserve is always valid.
QA reject: re-presentation of an approved estimate: combined measured-and-indicated row stored as total_resource - printed line is 'Total Measured and Indicated 3,275.4 Mt' in the Cobre Panama Mineral Resource statement; re-key to m_and_i in the post-migration sweep (figures verified against print; note it excludes the 37.6 Mt Botija Stockpile so it
m_and_i re-key post-migration-0030: print-verified combined M&I, category was the only defect
t79b rescope: Exhibit B in-situ figure moved off area NULL so the Exhibit A whole-project rollup owns it (scope label synthetic — from Exhibit A footnote 8 contrast)

Reserves

Area	Category	Tonnes (Mt)	Au		Ag		Cu		Mo		As at	Source	Provenance
Area	Category	Tonnes (Mt)	Grade (g/t Au)	Contained (Moz Au)	Grade (g/t Ag)	Contained (Moz Ag)	Grade (% Cu)	Contained (Mt Cu)	Grade (% Mo)	Contained (Mt Mo)	As at	Source	Provenance
Total	Proved	98.40 Mt	0.15 g/t	0.47 Moz	—	—	0.56%	0.55 Mt Cu	—	—	31 Dec 2025	First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.)Manual entry Evidence record Cobre Panamá Proved · Cu · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 98400000.0000 Grade 0.5600 Contained (t Cu) 551040.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) Page reference not recorded Published 2026-02-28 Verification Approved; not independently verified · Manual entry t79b spec capture, print-verified: Cobre Panamá Panama 91.02% Copper‑GoldSilverMolybdenum 98.4 0.56 0.15 - 2,669.3 0.37 0.06 - 2,767.7 0.37 0.07 - Copies a pre-filled issue record so you can send it through your normal channel.	notes (2) Source: First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) · published 28 Feb 2026 Unknown code — Reporting code not yet captured for this row. QA notes: t79b spec capture, print-verified: Cobre Panamá Panama 91.02% Copper‑GoldSilverMolybdenum 98.4 0.56 0.15 - 2,669.3 0.37 0.06 - 2,767.7 0.37 0.07 -
Total	Probable	2,669.30 Mt	0.06 g/t	5.15 Moz	—	—	0.37%	9.88 Mt Cu	—	—	31 Dec 2025	First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.)Manual entry Evidence record Cobre Panamá Probable · Cu · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 2669300000.0000 Grade 0.3700 Contained (t Cu) 9876410.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) Page reference not recorded Published 2026-02-28 Verification Approved; not independently verified · Manual entry t79b spec capture, print-verified: Cobre Panamá Panama 91.02% Copper‑GoldSilverMolybdenum 98.4 0.56 0.15 - 2,669.3 0.37 0.06 - 2,767.7 0.37 0.07 - Copies a pre-filled issue record so you can send it through your normal channel.
Total	Total Reserves	2,767.70 Mt	0.07 g/t	6.23 Moz	—	—	0.37%	10.24 Mt Cu	—	—	31 Dec 2025	First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.)Manual entry Evidence record Cobre Panamá Total Reserve · Cu · as at 2025-12-31 Reported figure Area Whole project Basis 100% Ore tonnes (t) 2767700000.0000 Grade 0.3700 Contained (t Cu) 10240490.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) Page reference not recorded Published 2026-02-28 Verification Approved; not independently verified · Manual entry t79b spec capture, print-verified: Cobre Panamá Panama 91.02% Copper‑GoldSilverMolybdenum 98.4 0.56 0.15 - 2,669.3 0.37 0.06 - 2,767.7 0.37 0.07 - Copies a pre-filled issue record so you can send it through your normal channel.
BABR	Probable	219.70 Mt	0.07 g/t	0.49 Moz	0.87 g/t	6.15 Moz	0.40%	0.88 Mt Cu	0.00%	0.01 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Probable · Au · as at 2025-12-31 Reported figure Area BABR Basis 100% Ore tonnes (t) 219700000.0000 Grade 0.0700 Contained (oz) 494446.3315 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
BABR	Total Reserves	219.70 Mt	0.07 g/t	0.49 Moz	0.87 g/t	6.15 Moz	0.40%	0.88 Mt Cu	0.00%	0.01 Mt Mo	31 Dec 2025	110Manual entry Evidence record Cobre Panamá Total Reserve · Cu · as at 2025-12-31 Reported figure Area BABR Basis 100% Ore tonnes (t) 219700000.0000 Grade 0.4000 Contained (t Cu) 878800.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Balboa	Probable	437.10 Mt	0.08 g/t	1.12 Moz	1.36 g/t	19.11 Moz	0.35%	1.53 Mt Cu	0.00%	0.01 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Probable · Au · as at 2025-12-31 Reported figure Area Balboa Basis 100% Ore tonnes (t) 437100000.0000 Grade 0.0800 Contained (oz) 1124247.3060 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Balboa	Total Reserves	437.10 Mt	0.08 g/t	1.12 Moz	1.36 g/t	19.11 Moz	0.35%	1.53 Mt Cu	0.00%	0.01 Mt Mo	31 Dec 2025	110Manual entry Evidence record Cobre Panamá Total Reserve · Ag · as at 2025-12-31 Reported figure Area Balboa Basis 100% Ore tonnes (t) 437100000.0000 Grade 1.3600 Contained (oz) 19112204.2022 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Botija	Proved	98.40 Mt	0.15 g/t	0.47 Moz	1.61 g/t	5.09 Moz	0.56%	0.55 Mt Cu	0.01%	0.01 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Proved · Cu · as at 2025-12-31 Reported figure Area Botija Basis 100% Ore tonnes (t) 98400000.0000 Grade 0.5600 Contained (t Cu) 551040.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: identical figures appear under ANOTHER area label of this project in the same document — likely one printed estimate stored twice (a summary/grouping line duplicating its leaf). Keep one copy; reject the relabelled twin. QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. QA INFO: identical figures to area(s) 'Combined Pits' — likely the same printed line under two labels (a summary and a detail table); keep one label and reject the other. Copies a pre-filled issue record so you can send it through your normal channel.
Botija	Probable	453.10 Mt	0.07 g/t	1.02 Moz	1.07 g/t	15.59 Moz	0.34%	1.54 Mt Cu	0.01%	0.03 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Probable · Ag · as at 2025-12-31 Reported figure Area Botija Basis 100% Ore tonnes (t) 453100000.0000 Grade 1.0700 Contained (oz) 15587228.4992 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Botija	Total Reserves	551.50 Mt	0.09 g/t	1.60 Moz	1.17 g/t	20.75 Moz	0.38%	2.10 Mt Cu	0.01%	0.04 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Total Reserve · Ag · as at 2025-12-31 Reported figure Area Botija Basis 100% Ore tonnes (t) 551500000.0000 Grade 1.1700 Contained (oz) 20745429.9771 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Colina and Medio	Probable	980.70 Mt	0.06 g/t	1.89 Moz	1.57 g/t	49.50 Moz	0.39%	3.82 Mt Cu	0.01%	0.06 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Probable · Mo · as at 2025-12-31 Reported figure Area Colina and Medio Basis 100% Ore tonnes (t) 980700000.0000 Grade 0.0066 Contained (t Mo) 64333.9200 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Colina and Medio	Total Reserves	980.70 Mt	0.06 g/t	1.89 Moz	1.57 g/t	49.50 Moz	0.39%	3.82 Mt Cu	0.01%	0.06 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Total Reserve · Cu · as at 2025-12-31 Reported figure Area Colina and Medio Basis 100% Ore tonnes (t) 980700000.0000 Grade 0.3900 Contained (t Cu) 3824730.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Stockpiles	Probable	37.60 Mt	0.04 g/t	0.05 Moz	0.82 g/t	0.99 Moz	0.19%	0.07 Mt Cu	0.00%	1.25 kt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Probable · Au · as at 2025-12-31 Reported figure Area Stockpiles Basis 100% Ore tonnes (t) 37600000.0000 Grade 0.0400 Contained (oz) 48354.7228 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Stockpiles	Total Reserves	37.60 Mt	0.04 g/t	0.05 Moz	0.82 g/t	0.99 Moz	0.19%	0.07 Mt Cu	0.00%	1.25 kt Mo	31 Dec 2025	First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.)Manual entry Evidence record Cobre Panamá Total Reserve · Mo · as at 2025-12-31 Reported figure Area Stockpiles Basis 100% Ore tonnes (t) 37600000.0000 Grade 0.0033 Contained (t Mo) 1252.0800 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) Page reference not recorded Published 2026-02-28 Verification Approved; not independently verified · Manual entry t79b spec capture, print-verified (printed 33.3 ppm, stored canonical %): Total Mineral Reserve — — — — — 37.6 0.19 33.30 0.04 0.82 37.6 0.19 33.30 0.04 0.82 Copies a pre-filled issue record so you can send it through your normal channel.	notes (2)
Valle Grande	Probable	541.10 Mt	0.05 g/t	0.87 Moz	1.42 g/t	24.70 Moz	0.37%	2.00 Mt Cu	0.01%	0.04 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Probable · Cu · as at 2025-12-31 Reported figure Area Valle Grande Basis 100% Ore tonnes (t) 541100000.0000 Grade 0.3700 Contained (t Cu) 2002070.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.
Valle Grande	Total Reserves	541.10 Mt	0.05 g/t	0.87 Moz	1.42 g/t	24.70 Moz	0.37%	2.00 Mt Cu	0.01%	0.04 Mt Mo	31 Dec 2025	110Unverified Evidence record Cobre Panamá Total Reserve · Cu · as at 2025-12-31 Reported figure Area Valle Grande Basis 100% Ore tonnes (t) 541100000.0000 Grade 0.3700 Contained (t Cu) 2002070.0000 Classification Reserve Source trail First Quantum Minerals Annual Information Form 2026 (R&R as at 31 Dec 2025: Kansanshi, Sentinel, Cobre Panama et al.) 110 Published 2026-02-28 Verification Approved; not independently verified · Model extracted QA WARN: document prints recovered-metal vocabulary ('life of mine production') — 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: document contains mine-plan/LOM-inventory table vocabulary ('mining inventory') — such tables print production-target inventory, NOT a Mineral Resource estimate, and their rows look clean at store time (t23 TGM class). Map each row to its source table before approval and reject rows sourced from the mine-plan/inventory table. Copies a pre-filled issue record so you can send it through your normal channel.