Cohort median — 65 projects in the current filter · co-owned deposits counted once 273.62 Mt Fe 200.55 Mt Fe — 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% — 22.09 Mt Fe 01 June 2026 Eliwana and Flying Fish FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — — 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 17 Dec 2025 Hibbing CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 85.3% 2.06 Mt Fe 14.25 Mt Fe 31 Dec 2025 Rio Piracicaba Atlas Lithium Corp NASDAQ:ATLX Brazil Developing 45.1% 2.48 Mt Fe — 30 Mar 2022 Rio Piracicaba ATLAS CRITICAL MINERALS Corp NASDAQ:ATCX Minas Gerais, Brazil Producing 100.0% 2.48 Mt Fe — 16 June 2025 Lac Jeannine CoTec Holdings Corp. TSXV:CTH Québec, Canada Developing — 7.00 Mt Fe — 23 Mar 2026 Nesbitt Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 10.61 Mt Fe — 23 July 2026 Byro Magnetite Project ATHENA RESOURCES LIMITED ASX:AHN Western Australia, Australia Exploring 100.0% 19.91 Mt Fe — 21 Nov 2025 Deloro Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 32.30 Mt Fe — 23 July 2026 Remorse TEMPEST MINERALS LIMITED ASX:TEM Western Australia, Australia Exploring 100.0% 38.86 Mt Fe — 31 Mar 2025 Heuningkranz Anglo American plc LSE:AAL Northern Cape, South Africa Exploring — 49.07 Mt Fe — 31 Dec 2025 Bekisopa inc AKORA RESOURCES LIMITED ASX:AKO Madagascar Developing 100.0% 62.30 Mt Fe 4.81 Mt Fe 07 Feb 2025 Firetail inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 62.34 Mt Fe 25.97 Mt Fe 30 June 2025 Pilbara Hub inc MINERAL RESOURCES LIMITED ASX:MIN Western Australia, Australia Producing — 62.62 Mt Fe 29.15 Mt Fe 30 June 2025 Range Well PODIUM MINERALS LIMITED ASX:POD Western Australia, Australia Exploring 100.0% 68.97 Mt Fe — 16 Mar 2026 Tilden CLEVELAND-CLIFFS INC. NYSE:CLF Michigan, United States Producing 100.0% 68.98 Mt Fe 154.42 Mt Fe 31 Dec 2025 San Pietro Golden Arrow Resources Corporation TSXV:GRG Chile Exploring — 71.21 Mt Fe — 24 Jan 2025 Hengjaya Mine NICKEL INDUSTRIES LIMITED ASX:NIC Central Sulawesi, Indonesia Producing 80.0% 90.23 Mt Fe — 31 Oct 2025 Savage River inc GRANGE RESOURCES LIMITED. ASX:GRR Tasmania, Australia Producing 100.0% 110.91 Mt Fe 29.23 Mt Fe 31 Dec 2025 Kolomela Anglo American plc LSE:AAL Northern Cape, South Africa Producing 52.5% 112.67 Mt Fe 76.22 Mt Fe 31 Dec 2025 Flying Fish inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 117.00 Mt Fe — 30 June 2025 Reid Canada Nickel Company Inc. TSXV:CNC Ontario, Canada Exploring 100.0% 150.20 Mt Fe — 07 Jan 2025 Itapanhoacanga Anglo American plc LSE:AAL Brazil Developing 95.1% 160.15 Mt Fe — 31 Dec 2025 Weld Range FENIX RESOURCES LTD ASX:FEX Western Australia, Australia Developing — 164.80 Mt Fe — 01 Sept 2025 United Taconite CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 171.87 Mt Fe 165.18 Mt Fe 31 Dec 2024 United CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 171.87 Mt Fe 162.23 Mt Fe 31 Dec 2025 Santo Domingo Capstone Copper Corp. TSX:CS Atacama, Chile Developing 100.0% 176.00 Mt Fe 115.57 Mt Fe 31 Mar 2024 Minorca CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 192.80 Mt Fe 20.07 Mt Fe 31 Dec 2025 Cloudbreak inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 207.24 Mt Fe 161.88 Mt Fe 30 June 2025 Onslow Iron inc MINERAL RESOURCES LIMITED ASX:MIN Western Australia, Australia Producing — 212.51 Mt Fe 206.20 Mt Fe 31 Mar 2025 Blacksmith inc FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring 100.0% 230.72 Mt Fe 113.68 Mt Fe 30 June 2026 Northshore CLEVELAND-CLIFFS INC. NYSE:CLF Minnesota, United States Producing 100.0% 264.03 Mt Fe 194.91 Mt Fe 31 Dec 2025 Serra Leste Vale S.A. NYSE:VALE Pará, Brazil Producing 100.0% 273.62 Mt Fe 233.13 Mt Fe 31 Dec 2025 Ironback Hill MAGNETITE MINES LIMITED. ASX:MGT South Australia, Australia Exploring 100.0% 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 — 30 June 2025 Iron Ore Company of Canada RIO TINTO LIMITED ASX:RIO Newfoundland and Labrador, Canada Producing 58.7% 293.92 Mt Fe 144.30 Mt Fe 31 Dec 2025 Sishen Anglo American plc LSE:AAL Northern Cape, South Africa Producing 52.5% 305.78 Mt Fe 365.71 Mt Fe 31 Dec 2025 Eureka Alaska Energy Metals Corporation TSXV:AEMC Alaska, USA Exploring 100.0% 322.00 Mt Fe — 10 Mar 2025 Simandou RIO TINTO LIMITED ASX:RIO Guinea Producing 45.0% 365.33 Mt Fe 426.60 Mt Fe 31 Dec 2025 Serra do Rabo Vale S.A. NYSE:VALE Pará, Brazil Exploring 100.0% 382.17 Mt Fe — 31 Dec 2025 Christmas Creek inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 418.78 Mt Fe 302.02 Mt Fe 30 June 2025 Eliwana inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 421.08 Mt Fe — 30 June 2025 Kings and Queens inc FORTESCUE LTD ASX:FMG Western Australia, Australia Producing — 522.29 Mt Fe 367.57 Mt Fe 30 June 2025 Serra Sul Vale S.A. NYSE:VALE Pará, Brazil Producing 100.0% 523.50 Mt Fe 2,354.13 Mt Fe 31 Dec 2025 Itabira Vale S.A. NYSE:VALE Brazil Producing 100.0% 579.32 Mt Fe 527.30 Mt Fe 31 Dec 2025 Serra do Sapo Anglo American plc LSE:AAL Brazil Producing 85.0% 643.02 Mt Fe 1,064.19 Mt Fe 31 Dec 2025 Razorback Iron Ore Project MAGNETITE MINES LIMITED. ASX:MGT South Australia, Australia Developing 100.0% 667.64 Mt Fe — 30 June 2025 Greater Chichester FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — 926.82 Mt Fe — 30 June 2025 Pilbara Other FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — 936.47 Mt Fe — 30 June 2025 Greater Western FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — 1,078.43 Mt Fe — 30 June 2025 Serra Norte Vale S.A. NYSE:VALE Pará, Brazil Producing 100.0% 1,096.10 Mt Fe 976.95 Mt Fe 31 Dec 2025 Greater Solomon FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — 1,196.94 Mt Fe — 30 June 2025 Minas Centrais Vale S.A. NYSE:VALE Brazil Producing 100.0% 1,315.10 Mt Fe 776.89 Mt Fe 31 Dec 2025 Nyidinghu FORTESCUE LTD ASX:FMG Western Australia, Australia Exploring — 1,323.64 Mt Fe — 30 June 2025 Samarco JV BHP GROUP LIMITED ASX:BHP Brazil Producing 50.0% 1,628.28 Mt Fe 340.75 Mt Fe 30 June 2026 Samarco JV Vale S.A. NYSE:VALE Minas Gerais, Brazil Producing 50.0% 1,633.55 Mt Fe 347.58 Mt Fe 31 Dec 2025 Serra da Serpentina Anglo American plc LSE:AAL Brazil Exploring 85.0% 1,847.68 Mt Fe — 31 Dec 2025 Iron Bridge FORTESCUE LTD ASX:FMG Western Australia, Australia Producing 69.0% 1,850.46 Mt Fe 188.12 Mt Fe 30 June 2025 Paraopeba Vale S.A. NYSE:VALE Brazil Producing 100.0% 2,057.17 Mt Fe 251.33 Mt Fe 31 Dec 2025 Vargem Grande Vale S.A. NYSE:VALE Brazil Producing 100.0% 2,462.18 Mt Fe 1,708.77 Mt Fe 31 Dec 2025 Mariana Vale S.A. NYSE:VALE Brazil Producing 100.0% 3,342.37 Mt Fe 385.63 Mt Fe 31 Dec 2025 Iron Bear IRON BEAR RESOURCES LTD ASX:IBR Newfoundland and Labrador, Canada Developing 100.0% 4,084.08 Mt Fe 960.30 Mt Fe 12 May 2026 WAIO BHP GROUP LIMITED ASX:BHP Western Australia, Australia Producing 85.0% 9,542.61 Mt Fe 2,538.54 Mt Fe 30 June 2025 Pilbara Operations RIO TINTO LIMITED ASX:RIO Western Australia, Australia Producing 100.0% 10,914.82 Mt Fe 1,338.72 Mt Fe 31 Dec 2025