Cohort median — 57 projects in the current filter 0.04 Mt Co 0.04% 0.04 Mt Co 0.08% — TOML exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 1.54 Mt Co 0.20% — — 31 Dec 2025 Mutanda Glencore plc LSE:GLEN — — — 1.51 Mt Co 0.60% 0.68 Mt Co 0.64% 31 Dec 2025 KCC Glencore plc LSE:GLEN — — — 1.36 Mt Co 0.59% 0.58 Mt Co 0.42% 31 Dec 2025 NORI Area C exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 0.84 Mt Co 0.21% — — 31 Dec 2025 Nikolai Alaska Energy Metals Corporation TSXV:AEMC Alaska, USA Exploring 100.0% 0.54 Mt Co 0.02% — — 07 Mar 2025 NORI Area D exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Developing 100.0% 0.50 Mt Co 0.13% 0.07 Mt Co 0.13% 31 Dec 2025 NewRange Copper Nickel exc TECK RESOURCES LTD NYSE:TECK United States Developing 50.0% 0.48 Mt Co 0.01% — — 31 Dec 2025 PTVI exc Vale S.A. NYSE:VALE Indonesia Producing 30.5% 0.48 Mt Co 0.11% 0.52 Mt Co 0.12% 31 Dec 2025 Reid Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 0.29 Mt Co 0.01% — — 07 Jan 2025 Goongarrie Hub ARDEA RESOURCES LIMITED ASX:ARL Western Australia, Australia Developing 65.0% 0.25 Mt Co 0.04% 0.10 Mt Co 0.05% 30 June 2023 Hengjaya Mine NICKEL INDUSTRIES LIMITED ASX:NIC Central Sulawesi, Indonesia Producing 80.0% 0.24 Mt Co 0.09% — — 31 Oct 2025 Range Well PODIUM MINERALS LIMITED ASX:POD Western Australia, Australia Exploring 100.0% 0.17 Mt Co 0.05% — — 16 Mar 2026 NORI Area A exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 0.16 Mt Co 0.22% — — 31 Dec 2025 Kalpini Hub ARDEA RESOURCES LIMITED ASX:ARL Western Australia, Australia Developing 100.0% 0.14 Mt Co 0.05% — — 03 June 2026 Ramu Nickel 28 Capital Corp. TSXV:NKL Papua New Guinea Producing 8.6% 0.11 Mt Co 0.08% 0.07 Mt Co 0.09% 31 Dec 2025 Murrin Murrin Glencore plc LSE:GLEN Western Australia, Australia Producing 100.0% 0.10 Mt Co 0.08% 0.09 Mt Co 0.08% 31 Dec 2025 Nico Young LEGACY MINERALS HOLDINGS LIMITED ASX:LGM New South Wales, Australia Exploring 100.0% 0.10 Mt Co 0.06% — — 22 Nov 2017 Gonneville CHALICE MINING LIMITED ASX:CHN Western Australia, Australia Developing 100.0% 0.10 Mt Co 0.02% 0.04 Mt Co 0.02% 08 Dec 2025 Mantoverde Capstone Copper Corp. TSX:CS Atacama, Chile Producing 70.0% 0.09 Mt Co 0.01% — — 31 Dec 2025 NORI Area B exc TMC the metals Co Inc. NASDAQ:TMC International Waters (CCZ) Exploring 100.0% 0.09 Mt Co 0.25% — — 31 Dec 2025 NVRO Metals Hub NVRO Metals Limited TSXV:NVRO Northern Territory, Australia Developing 100.0% 0.07 Mt Co 0.09% 2.09 kt Co 0.09% 23 July 2026 Hat Doubleview Gold Corp. TSXV:DBG British Columbia, Canada Developing 100.0% 0.07 Mt Co 0.01% — — 04 Feb 2026 Deloro Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 0.07 Mt Co 0.01% — — 23 July 2026 Ravensthorpe First Quantum Minerals Ltd. TSX:FM Western Australia, Australia Developing 75.7% 0.05 Mt Co 0.03% 0.05 Mt Co 0.03% 31 Dec 2025 San Pietro Golden Arrow Resources Corporation TSXV:GRG Chile Exploring — 0.05 Mt Co 0.01% — — 24 Jan 2025 Sudbury exc Vale S.A. NYSE:VALE Ontario, Canada Producing 90.0% 0.05 Mt Co 0.03% 0.02 Mt Co 0.03% 31 Dec 2025 Parks Reef PODIUM MINERALS LIMITED ASX:POD Western Australia, Australia Exploring 100.0% 0.04 Mt Co 0.02% — — 19 May 2025 Total INO Glencore plc LSE:GLEN Canada — — 0.04 Mt Co 0.05% 0.01 Mt Co 0.04% 31 Dec 2025 Elizabeth Creek CODA MINERALS LTD ASX:COD South Australia, Australia Developing 100.0% 0.03 Mt Co 0.05% — — 13 July 2026 Capricorn Copper 29METALS LIMITED ASX:29M Queensland, Australia Developing 100.0% 0.03 Mt Co 0.04% — — 31 Dec 2025 Voisey's Bay exc Vale S.A. NYSE:VALE Newfoundland and Labrador, Canada Producing 90.0% 0.02 Mt Co 0.09% 0.03 Mt Co 0.11% 31 Dec 2025 Mt Oxide TRUE NORTH COPPER LIMITED ASX:TNC Queensland, Australia Developing 100.0% 0.02 Mt Co 0.23% — — 24 June 2026 Nesbitt Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 0.02 Mt Co 0.01% — — 23 July 2026 Raglan Glencore plc LSE:GLEN Quebec, Canada Producing 100.0% 0.02 Mt Co 0.07% 0.01 Mt Co 0.05% 31 Dec 2025 Sudbury (INO) Glencore plc LSE:GLEN — — — 0.02 Mt Co 0.03% 0.01 Mt Co 0.04% 31 Dec 2025 Minyari ANTIPA MINERALS LIMITED ASX:AZY Western Australia, Australia Developing 100.0% 0.01 Mt Co 0.03% — — 02 Apr 2026 Thompson exc Vale S.A. NYSE:VALE Manitoba, Canada Producing 90.0% 0.01 Mt Co 0.02% — — 31 Dec 2025 Iron Creek Electra Battery Materials Corporation TSXV:ELBM Idaho, USA Exploring 100.0% 0.01 Mt Co 0.17% — — 27 Jan 2023 Carlow ARTEMIS RESOURCES LIMITED ASX:ARV Western Australia, Australia Exploring 100.0% 0.01 Mt Co 0.09% — — 13 Oct 2022 Grata Sama Resources Inc. TSXV:SME Côte d'Ivoire Developing 40.0% 0.01 Mt Co 0.01% — — 21 Mar 2024 Crean Hill Magna Mining Inc. TSX:NICU Ontario, Canada Developing 100.0% 0.01 Mt Co 0.03% — — 15 Apr 2024 KSB Project LATITUDE 66 LIMITED ASX:LAT Finland Developing — 0.01 Mt Co 0.08% — — 26 Apr 2024 MM Project Grid Metals Corp. TSXV:GRDM Manitoba, Canada Exploring — 0.01 Mt Co 0.01% — — 31 Dec 2023 Rover 1 CASTILE RESOURCES LTD ASX:CST Northern Territory, Australia Developing — 0.01 Mt Co 0.07% — — 20 Oct 2025 Black Swan MARITANA MINERALS LIMITED ASX:MRT Western Australia, Australia Care & maintenance 100.0% 4.7 kt Co 0.02% — — 30 June 2026 Levack Mine Magna Mining Inc. TSX:NICU Ontario, Canada Developing — 4.51 kt Co 0.04% — — 31 Aug 2025 West Graham SPC Nickel Corp. TSXV:SPC Ontario, Canada Exploring 100.0% 4.07 kt Co 0.01% — — 04 Dec 2023 Flemington AUSTRALIAN MINES LIMITED ASX:AUZ New South Wales, Australia Exploring 100.0% 3.79 kt Co 0.06% — — 08 Jan 2025 Cloncurry TRUE NORTH COPPER LIMITED ASX:TNC Queensland, Australia Developing 100.0% 3.38 kt Co 0.02% — — 24 June 2026 B4-7 LANDORE RESOURCES LD ORD NPV AIM:LND Northwestern Ontario, Canada Exploring 100.0% 2.03 kt Co 0.05% — — 16 Jan 2026 Mt Windarra MARITANA MINERALS LIMITED ASX:MRT Western Australia, Australia Exploring 100.0% 1.2 kt Co 0.03% — — 30 June 2026 VW LANDORE RESOURCES LD ORD NPV AIM:LND Northwestern Ontario, Canada Exploring 100.0% 0.82 kt Co 0.02% — — 16 Jan 2026 Baker LUNNON METALS LIMITED ASX:LM8 Western Australia, Australia Developing 100.0% 0.66 kt Co 0.06% — — 30 June 2025 Foster LUNNON METALS LIMITED ASX:LM8 Western Australia, Australia Developing 100.0% 0.38 kt Co 0.10% — — 30 June 2025 LKE SPC Nickel Corp. TSXV:SPC Ontario, Canada Exploring 100.0% 0.17 kt Co 0.02% — — 04 Dec 2023 Eagle Mine Talon Metals Corp. TSX:TLO Michigan, United States Producing 100.0% 0.15 kt Co 0.03% 1 kt Co 0.03% 28 Feb 2026 NICO Fortune Minerals Limited TSX:FT Northwest Territories, Canada Developing 100.0% — — 0.04 Mt Co 0.11% 02 Apr 2014