Amapá CADENCE MINERALS PLC ORD 1P AIM:KDNC Amapá, Brazil Developing 34.6% — — 77.03 Mt Fe — — — — 26 Nov 2024 Caravel Copper Project CARAVEL MINERALS LIMITED ASX:CVV Western Australia, Australia Developing 100.0% 5.93 Mt Fe 16.32 Mt Fe 22.09 Mt Fe — — — — 01 June 2026 Eliwana and Flying Fish FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 116.01 Mt Fe 21.38 Mt Fe 137.91 Mt Fe — — — — 30 June 2025 Hawsons Iron HAWSONS IRON LTD ASX:HIO New South Wales, Australia Developing 100.0% — 384.10 Mt Fe 384.10 Mt Fe — — — — 17 Dec 2025 Hibbing CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 85.3% 13.33 Mt Fe 0.91 Mt Fe 14.25 Mt Fe 1.83 Mt Fe 0.22 Mt Fe — 2.06 Mt Fe 31 Dec 2025 Rio Piracicaba Atlas Lithium Corp NASDAQ:ATLX Brazil Developing 45.1% — — — — 0.89 Mt Fe 1.58 Mt Fe 2.48 Mt Fe 30 Mar 2022 Rio Piracicaba ATLAS CRITICAL MINERALS Corp NASDAQ:ATCX Minas Gerais, Brazil Producing 100.0% — — — — 0.93 Mt Fe 1.55 Mt Fe 2.48 Mt Fe 16 June 2025 Lac Jeannine CoTec Holdings Corp. TSXV:CTH Québec, Canada Developing — — — — — 2.10 Mt Fe 4.90 Mt Fe 7.00 Mt Fe 23 Mar 2026 Nesbitt Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% — — — — 1.43 Mt Fe 9.19 Mt Fe 10.61 Mt Fe 23 July 2026 Byro Magnetite Project ATHENA RESOURCES LIMITED ASX:AHN Western Australia, Australia Exploring 100.0% — — — — 6.02 Mt Fe 13.91 Mt Fe 19.91 Mt Fe 21 Nov 2025 Deloro Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% — — — — 6.10 Mt Fe 26.20 Mt Fe 32.30 Mt Fe 23 July 2026 Remorse TEMPEST MINERALS LIMITED ASX:TEM Western Australia, Australia Exploring 100.0% — — — — — 19.43 Mt Fe 38.86 Mt Fe 31 Mar 2025 Bekisopa inc AKORA RESOURCES LIMITED ASX:AKO Madagascar Developing 100.0% — 4.81 Mt Fe 4.81 Mt Fe — 4.80 Mt Fe 62.30 Mt Fe 62.30 Mt Fe 07 Feb 2025 Firetail inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 9.88 Mt Fe 16.07 Mt Fe 25.97 Mt Fe 19.99 Mt Fe 44.80 Mt Fe 23.52 Mt Fe 62.34 Mt Fe 30 June 2025 Pilbara Hub inc MINERAL RESOURCES LIMITED ASX:MIN Western Australia, Australia Producing — 1.13 Mt Fe 28.00 Mt Fe 29.15 Mt Fe 1.13 Mt Fe 79.65 Mt Fe 11.04 Mt Fe 62.62 Mt Fe 30 June 2025 Range Well PODIUM MINERALS LIMITED ASX:POD Western Australia, Australia Exploring 100.0% — — — — 48.41 Mt Fe 20.76 Mt Fe 68.97 Mt Fe 16 Mar 2026 Tilden CLEVELAND-CLIFFS INC. NYSE:CLF Michigan, United States Producing 100.0% 0.73 Mt Fe 153.72 Mt Fe 154.42 Mt Fe — 35.08 Mt Fe 33.90 Mt Fe 68.98 Mt Fe 31 Dec 2025 San Pietro Golden Arrow Resources Corporation TSXV:GRG Chile Exploring — — — — — — 71.21 Mt Fe 71.21 Mt Fe 24 Jan 2025 Hengjaya Mine NICKEL INDUSTRIES LIMITED ASX:NIC Central Sulawesi, Indonesia Producing 80.0% — — — 38.79 Mt Fe 23.45 Mt Fe 27.69 Mt Fe 90.23 Mt Fe 31 Oct 2025 Savage River inc GRANGE RESOURCES LIMITED. ASX:GRR Tasmania, Australia Producing 100.0% 8.69 Mt Fe 20.50 Mt Fe 29.23 Mt Fe 57.71 Mt Fe 45.95 Mt Fe 36.56 Mt Fe 110.91 Mt Fe 31 Dec 2025 Kolomela Anglo American plc LSE:AAL Northern Cape, South Africa Producing 52.5% 50.48 Mt Fe 25.74 Mt Fe 76.22 Mt Fe 18.80 Mt Fe 73.57 Mt Fe 20.29 Mt Fe 112.67 Mt Fe 31 Dec 2025 Flying Fish inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — — — — 47.22 Mt Fe 16.34 Mt Fe 53.94 Mt Fe 117.00 Mt Fe 30 June 2025 Reid Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% — — — 2.30 Mt Fe 54.20 Mt Fe 93.70 Mt Fe 150.20 Mt Fe 07 Jan 2025 Itapanhoacanga Anglo American plc LSE:AAL Brazil Developing 95.1% — — — 20.38 Mt Fe 73.85 Mt Fe 65.92 Mt Fe 160.15 Mt Fe 31 Dec 2025 Weld Range FENIX RESOURCES LTD ASX:FEX Western Australia, Australia Developing — — — — 82.73 Mt Fe 49.94 Mt Fe 32.13 Mt Fe 164.80 Mt Fe 01 Sept 2025 United Taconite CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 23.30 Mt Fe 141.69 Mt Fe 165.18 Mt Fe 22.06 Mt Fe 144.13 Mt Fe 5.68 Mt Fe 171.87 Mt Fe 31 Dec 2024 United CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 20.30 Mt Fe 141.69 Mt Fe 162.23 Mt Fe 22.06 Mt Fe 144.13 Mt Fe 5.68 Mt Fe 171.87 Mt Fe 31 Dec 2025 Santo Domingo Capstone Copper Corp. TSX:CS Atacama, Chile Developing 100.0% 35.60 Mt Fe 79.94 Mt Fe 115.57 Mt Fe 36.00 Mt Fe 95.00 Mt Fe 45.00 Mt Fe 176.00 Mt Fe 31 Mar 2024 Minorca CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 18.30 Mt Fe 1.80 Mt Fe 20.07 Mt Fe 112.61 Mt Fe 73.76 Mt Fe 6.43 Mt Fe 192.80 Mt Fe 31 Dec 2025 Cloudbreak inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 136.14 Mt Fe 25.81 Mt Fe 161.88 Mt Fe 283.36 Mt Fe 68.32 Mt Fe 17.89 Mt Fe 207.24 Mt Fe 30 June 2025 Onslow Iron inc MINERAL RESOURCES LIMITED ASX:MIN Western Australia, Australia Producing — 8.45 Mt Fe 197.97 Mt Fe 206.20 Mt Fe 10.03 Mt Fe 278.66 Mt Fe 130.00 Mt Fe 212.51 Mt Fe 31 Mar 2025 Blacksmith inc FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring 100.0% — 113.68 Mt Fe 113.68 Mt Fe 66.57 Mt Fe 267.92 Mt Fe 9.54 Mt Fe 230.72 Mt Fe 30 June 2026 Northshore CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 67.86 Mt Fe 127.09 Mt Fe 194.91 Mt Fe 172.23 Mt Fe 88.99 Mt Fe 2.82 Mt Fe 264.03 Mt Fe 31 Dec 2025 Serra Leste Vale S.A. NYSE:VALE Pará, Brazil Producing 100.0% 56.26 Mt Fe 176.86 Mt Fe 233.13 Mt Fe 128.45 Mt Fe 121.26 Mt Fe 23.91 Mt Fe 273.62 Mt Fe 31 Dec 2025 Ironback Hill MAGNETITE MINES LIMITED. ASX:MGT South Australia, Australia Exploring 100.0% — — — — — 275.38 Mt Fe 275.38 Mt Fe 30 June 2025 Muster Dam Iron Project MAGNETITE MINES LIMITED. ASX:MGT South Australia, Australia Exploring 100.0% — — — — — 289.85 Mt Fe 289.85 Mt Fe 30 June 2025 Iron Ore Company of Canada RIO TINTO LIMITED ASX:RIO Newfoundland and Labrador, Canada Producing 58.7% 55.25 Mt Fe 89.05 Mt Fe 144.30 Mt Fe 38.29 Mt Fe 127.20 Mt Fe 128.43 Mt Fe 293.92 Mt Fe 31 Dec 2025 Sishen Anglo American plc LSE:AAL Northern Cape, South Africa Producing 52.5% 265.31 Mt Fe 100.02 Mt Fe 365.71 Mt Fe 156.54 Mt Fe 119.12 Mt Fe 30.12 Mt Fe 305.78 Mt Fe 31 Dec 2025 Eureka Alaska Energy Metals Corporation TSXV:AEMC Alaska, USA Exploring 100.0% — — — — 117.00 Mt Fe 205.00 Mt Fe 322.00 Mt Fe 10 Mar 2025 Simandou RIO TINTO LIMITED ASX:RIO Guinea Producing 45.0% 62.04 Mt Fe 364.56 Mt Fe 426.60 Mt Fe 47.57 Mt Fe 143.65 Mt Fe 174.11 Mt Fe 365.33 Mt Fe 31 Dec 2025 Serra do Rabo Vale S.A. NYSE:VALE Pará, Brazil Exploring 100.0% — — — 209.71 Mt Fe 126.60 Mt Fe 45.85 Mt Fe 382.17 Mt Fe 31 Dec 2025 Christmas Creek inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 197.79 Mt Fe 104.08 Mt Fe 302.02 Mt Fe 347.05 Mt Fe 241.97 Mt Fe 132.11 Mt Fe 418.78 Mt Fe 30 June 2025 Eliwana inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — — — — 172.57 Mt Fe 45.63 Mt Fe 202.92 Mt Fe 421.08 Mt Fe 30 June 2025 Kings and Queens inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 209.39 Mt Fe 157.34 Mt Fe 367.57 Mt Fe 348.94 Mt Fe 331.60 Mt Fe 209.76 Mt Fe 522.29 Mt Fe 30 June 2025 Serra Sul Vale S.A. NYSE:VALE Pará, Brazil Producing 100.0% 927.55 Mt Fe 1,427.23 Mt Fe 2,354.13 Mt Fe 290.36 Mt Fe 168.15 Mt Fe 64.99 Mt Fe 523.50 Mt Fe 31 Dec 2025 Itabira Vale S.A. NYSE:VALE Brazil Producing 100.0% 344.14 Mt Fe 183.28 Mt Fe 527.30 Mt Fe 121.33 Mt Fe 277.69 Mt Fe 180.30 Mt Fe 579.32 Mt Fe 31 Dec 2025 Serra do Sapo Anglo American plc LSE:AAL Brazil Producing 85.0% — 1,064.19 Mt Fe 1,064.19 Mt Fe 191.06 Mt Fe 324.41 Mt Fe 127.55 Mt Fe 643.02 Mt Fe 31 Dec 2025 Razorback Iron Ore Project MAGNETITE MINES LIMITED. ASX:MGT South Australia, Australia Developing 100.0% — — — — 350.28 Mt Fe 317.32 Mt Fe 667.64 Mt Fe 30 June 2025 Greater Chichester FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — — — — — — 463.41 Mt Fe 926.82 Mt Fe 30 June 2025 Pilbara Other FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — — — — 5.86 Mt Fe 191.22 Mt Fe 739.45 Mt Fe 936.47 Mt Fe 30 June 2025 Greater Western FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — — — — — 58.51 Mt Fe 1,020.50 Mt Fe 1,078.43 Mt Fe 30 June 2025 Serra Norte Vale S.A. NYSE:VALE Pará, Brazil Producing 100.0% 243.10 Mt Fe 734.20 Mt Fe 976.95 Mt Fe 562.86 Mt Fe 332.86 Mt Fe 200.39 Mt Fe 1,096.10 Mt Fe 31 Dec 2025 Greater Solomon FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — — — — — 73.62 Mt Fe 1,122.66 Mt Fe 1,196.94 Mt Fe 30 June 2025 Minas Centrais Vale S.A. NYSE:VALE Brazil Producing 100.0% 380.12 Mt Fe 397.77 Mt Fe 776.89 Mt Fe 424.15 Mt Fe 479.43 Mt Fe 411.52 Mt Fe 1,315.10 Mt Fe 31 Dec 2025 Nyidinghu FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — — — — 13.13 Mt Fe 583.63 Mt Fe 727.32 Mt Fe 1,323.64 Mt Fe 30 June 2025 Samarco JV BHP GROUP LIMITED ASX:BHP Brazil Producing 50.0% 91.58 Mt Fe 249.10 Mt Fe 340.75 Mt Fe 919.20 Mt Fe 552.00 Mt Fe 157.08 Mt Fe 1,628.28 Mt Fe 30 June 2026 Samarco JV Vale S.A. NYSE:VALE Minas Gerais, Brazil Producing 50.0% 98.37 Mt Fe 249.10 Mt Fe 347.58 Mt Fe 922.26 Mt Fe 554.21 Mt Fe 157.08 Mt Fe 1,633.55 Mt Fe 31 Dec 2025 Serra da Serpentina Anglo American plc LSE:AAL Brazil Exploring 85.0% — — — — 509.21 Mt Fe 1,338.47 Mt Fe 1,847.68 Mt Fe 31 Dec 2025 Iron Bridge FORTESCUE LTD ASX:FMG Western Australia, Australia Producing 69.0% — 188.12 Mt Fe 188.12 Mt Fe 122.29 Mt Fe 335.42 Mt Fe 1,388.93 Mt Fe 1,850.46 Mt Fe 30 June 2025 Paraopeba Vale S.A. NYSE:VALE Brazil Producing 100.0% 122.40 Mt Fe 129.01 Mt Fe 251.33 Mt Fe 809.27 Mt Fe 711.72 Mt Fe 536.18 Mt Fe 2,057.17 Mt Fe 31 Dec 2025 Vargem Grande Vale S.A. NYSE:VALE Brazil Producing 100.0% 700.47 Mt Fe 1,009.22 Mt Fe 1,708.77 Mt Fe 624.10 Mt Fe 805.47 Mt Fe 1,032.60 Mt Fe 2,462.18 Mt Fe 31 Dec 2025 Mariana Vale S.A. NYSE:VALE Brazil Producing 100.0% 221.02 Mt Fe 164.27 Mt Fe 385.63 Mt Fe 1,218.86 Mt Fe 1,072.21 Mt Fe 1,051.30 Mt Fe 3,342.37 Mt Fe 31 Dec 2025 Iron Bear IRON BEAR RESOURCES LTD ASX:IBR Newfoundland and Labrador, Canada Developing 100.0% — 960.30 Mt Fe 960.30 Mt Fe — 1,325.70 Mt Fe 2,758.21 Mt Fe 4,084.08 Mt Fe 12 May 2026 WAIO BHP GROUP LIMITED ASX:BHP Western Australia, Australia Producing 85.0% 1,175.93 Mt Fe 1,361.29 Mt Fe 2,538.54 Mt Fe 665.00 Mt Fe 2,089.51 Mt Fe 6,788.11 Mt Fe 9,542.61 Mt Fe 30 June 2025 Pilbara Operations RIO TINTO LIMITED ASX:RIO Western Australia, Australia Producing 100.0% 516.67 Mt Fe 822.05 Mt Fe 1,338.72 Mt Fe 757.36 Mt Fe 1,848.73 Mt Fe 8,308.72 Mt Fe 10,914.82 Mt Fe 31 Dec 2025