Caravel Copper Project CARAVEL MINERALS LIMITED ASX:CVV Western Australia, Australia Developing 100.0% 0.01 Mt Mo 0.02 Mt Mo 0.03 Mt Mo 0.01% — — — — — 01 June 2026 Molyhil TIVAN LIMITED ASX:TVN Northern Territory, Australia Developing 100.0% — — — — 1.3 kt Mo 1.6 kt Mo 1.5 kt Mo 4.4 kt Mo 0.09% 28 May 2024 Pilares SOUTHERN COPPER CORP/ NYSE:SCCO Sonora, Mexico Developing — — 1.36 kt Mo 1.36 kt Mo 0.01% — 4.22 kt Mo 0.5 kt Mo 4.72 kt Mo 0.01% 31 Dec 2025 Kennecott RIO TINTO LIMITED ASX:RIO Utah, United States Producing 100.0% 0.15 Mt Mo 0.07 Mt Mo 0.22 Mt Mo 0.03% 0.24 kt Mo 3.52 kt Mo 4.24 kt Mo 0.01 Mt Mo 0.01% 31 Dec 2025 Mirador inc Antofagasta plc LSE:ANTO Chile Exploring 100.0% — — — — 3.06 kt Mo 3.1 kt Mo 1.89 kt Mo 0.01 Mt Mo 0.01% 31 Dec 2025 Llahuin SOUTHERN HEMISPHERE MINING LIMITED ASX:SUH Coquimbo Region, Chile Exploring 100.0% — — — — 0.01 Mt Mo 1.4 kt Mo 2.4 kt Mo 0.01 Mt Mo 0.01% 30 June 2025 Cotabambas Panoro Minerals Ltd. TSXV:PML Peru Developing 100.0% — — — — — 0.01 Mt Mo 0.01 Mt Mo 0.02 Mt Mo 0.00% 20 Nov 2023 Chino FREEPORT-MCMORAN INC NYSE:FCX New Mexico, United States Producing 100.0% — — — — 0.02 Mt Mo 0.01 Mt Mo 2 kt Mo 0.03 Mt Mo 0.01% 31 Dec 2025 Tohono FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Exploring 100.0% — — — — 0.03 Mt Mo 3.1 kt Mo — 0.03 Mt Mo 0.01% 31 Dec 2025 Costa Fuego inc HOT CHILI LIMITED ASX:HCH Chile Developing — — 0.05 Mt Mo 0.05 Mt Mo 0.01% — 0.07 Mt Mo 0.01 Mt Mo 0.03 Mt Mo 0.01% 27 Mar 2025 Wafi-Golpu HARMONY GOLD MINING CO LTD NYSE:HMY Morobe Province, Papua New Guinea Developing 50.0% — — — — — 0.03 Mt Mo 0.01 Mt Mo 0.04 Mt Mo 0.01% 30 June 2025 Kili Teke South Pacific Metals Corp. TSXV:SPMC Hela Province, Papua New Guinea Exploring 100.0% — — — — — — 0.04 Mt Mo 0.04 Mt Mo 0.02% 18 Nov 2022 Thompson Creek inc Centerra Gold Inc. TSX:CG United States Developing 100.0% 0.03 Mt Mo 0.04 Mt Mo 0.07 Mt Mo 0.07% 0.04 Mt Mo 0.06 Mt Mo 0.01 Mt Mo 0.04 Mt Mo 0.06% 31 Dec 2025 Ajo FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Exploring 100.0% — — — — 0.05 Mt Mo — — 0.05 Mt Mo 0.01% 31 Dec 2025 Twin Buttes FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Exploring 100.0% — — — — 0.05 Mt Mo 2.7 kt Mo 1 kt Mo 0.05 Mt Mo 0.04% 31 Dec 2025 Chinchillones Minsud Resources Corp. TSXV:MSR San Juan, Argentina Exploring 49.9% — — — — — 0.01 Mt Mo 0.05 Mt Mo 0.06 Mt Mo 0.01% 20 Feb 2026 Caserones inc Lundin Mining Corporation TSX:LUN Chile Producing 70.0% 0.03 Mt Mo 0.04 Mt Mo 0.06 Mt Mo 0.01% 0.04 Mt Mo 0.08 Mt Mo 4 kt Mo 0.06 Mt Mo 0.01% 31 Dec 2025 Pinto Valley inc Capstone Copper Corp. TSX:CS Arizona, United States Producing 100.0% 0.02 Mt Mo 3 kt Mo 0.02 Mt Mo 0.01% 0.04 Mt Mo 0.04 Mt Mo 0.01 Mt Mo 0.06 Mt Mo 0.01% 31 Dec 2025 El Abra FREEPORT-MCMORAN INC NYSE:FCX Chile Developing 51.0% 0.12 Mt Mo 0.11 Mt Mo 0.23 Mt Mo 0.01% 0.01 Mt Mo 0.06 Mt Mo — 0.07 Mt Mo 0.01% 31 Dec 2025 Mt Mulgine TUNGSTEN MINING NL ASX:TGN Western Australia, Australia Developing 100.0% — — — — — 0.05 Mt Mo 0.02 Mt Mo 0.07 Mt Mo 0.03% 04 May 2020 Quebradona AngloGold Ashanti PLC NYSE:AU Colombia Developing 100.0% — — — — 0.01 Mt Mo 0.02 Mt Mo 0.04 Mt Mo 0.07 Mt Mo 0.01% 31 Dec 2025 Encierro inc Antofagasta plc LSE:ANTO Chile Exploring 66.2% — — — — — — 0.04 Mt Mo 0.07 Mt Mo 0.01% 31 Dec 2025 Chita Valley Minsud Resources Corp. TSXV:MSR San Juan, Argentina Exploring 49.9% — — — — — 0.01 Mt Mo 0.07 Mt Mo 0.07 Mt Mo 0.01% 20 Feb 2026 NuevaUnión NEWMONT Corp /DE/ NYSE:NEM Chile Developing 50.0% — 0.20 Mt Mo 0.20 Mt Mo 0.02% 0.02 Mt Mo 0.02 Mt Mo 0.00 Mt Mo 0.08 Mt Mo 0.01% 31 Dec 2025 Cobre Panamá inc First Quantum Minerals Ltd. TSX:FM Panama Producing 91.0% 0.01 Mt Mo 0.15 Mt Mo 0.16 Mt Mo 0.01% 0.01 Mt Mo 0.17 Mt Mo 0.05 Mt Mo 0.08 Mt Mo 0.01% 31 Dec 2025 Haib Koryx Copper S.A. TSXV:KRY Namibia Developing 100.0% — — — — — 0.05 Mt Mo 0.04 Mt Mo 0.09 Mt Mo 0.01% 16 Mar 2026 Toquepala SOUTHERN COPPER CORP/ NYSE:SCCO Peru Producing — 0.46 Mt Mo 0.12 Mt Mo 0.58 Mt Mo 0.03% 0.04 Mt Mo 0.04 Mt Mo 0.01 Mt Mo 0.09 Mt Mo 0.02% 31 Dec 2025 Magistral Nexa Resources S.A. NYSE:NEXA Peru Exploring 83.5% — — — — 0.05 Mt Mo 0.04 Mt Mo 0.01 Mt Mo 0.09 Mt Mo 0.05% 31 Dec 2025 Endako inc Centerra Gold Inc. TSX:CG British Columbia, Canada Developing 75.0% — — — — 0.02 Mt Mo 0.05 Mt Mo 0.02 Mt Mo 0.10 Mt Mo 0.04% 31 Dec 2025 Lindfield CRITICAL MINERALS GROUP LIMITED ASX:CMG Queensland, Australia Developing 100.0% — — — — — 0.07 Mt Mo 0.03 Mt Mo 0.10 Mt Mo 0.01% 10 May 2024 Elida Element 29 Resources Inc. TSXV:ECU Peru Exploring — — — — — — — 0.10 Mt Mo 0.10 Mt Mo 0.03% 20 Sept 2022 Cadia NEWMONT Corp /DE/ NYSE:NEM New South Wales, Australia Producing 100.0% — 0.10 Mt Mo 0.10 Mt Mo 0.01% — 0.10 Mt Mo 0.00 Mt Mo 0.10 Mt Mo 0.01% 31 Dec 2025 Highland Valley Copper TECK RESOURCES LTD NYSE:TECK British Columbia, Canada Producing 100.0% 0.04 Mt Mo 0.04 Mt Mo 0.08 Mt Mo 0.01% 0.03 Mt Mo 0.05 Mt Mo 0.03 Mt Mo 0.11 Mt Mo 0.01% 31 Dec 2025 Oyu Tolgoi RIO TINTO LIMITED ASX:RIO Mongolia Producing 66.0% — — — — — — 0.11 Mt Mo 0.11 Mt Mo 0.01% 31 Dec 2025 Polo Sur inc Antofagasta plc LSE:ANTO Chile Exploring 100.0% — — — — 0.02 Mt Mo 0.05 Mt Mo 0.04 Mt Mo 0.11 Mt Mo 0.01% 31 Dec 2025 North Island NorthIsle Copper and Gold Inc. TSXV:NCX British Columbia, Canada Developing 100.0% — — — — — 0.10 Mt Mo 0.02 Mt Mo 0.11 Mt Mo 0.01% 31 July 2026 Taca Taca inc First Quantum Minerals Ltd. TSX:FM Salta, Argentina Developing 100.0% 0.07 Mt Mo 0.15 Mt Mo 0.21 Mt Mo 0.01% 0.07 Mt Mo 0.20 Mt Mo 0.06 Mt Mo 0.12 Mt Mo 0.01% 30 Oct 2020 Valeriano ATEX Resources Inc. TSX:ATX Atacama Region, Chile Exploring — — — — — — 0.03 Mt Mo 0.09 Mt Mo 0.12 Mt Mo 0.01% 01 Sept 2025 Cuajone SOUTHERN COPPER CORP/ NYSE:SCCO Peru Producing — 0.11 Mt Mo 0.13 Mt Mo 0.25 Mt Mo 0.02% 0.01 Mt Mo 0.05 Mt Mo 0.07 Mt Mo 0.13 Mt Mo 0.01% 31 Dec 2025 Henderson FREEPORT-MCMORAN INC NYSE:FCX Colorado, United States Producing 100.0% 0.05 Mt Mo 0.02 Mt Mo 0.07 Mt Mo 0.16% 0.11 Mt Mo 0.03 Mt Mo 0.00 Mt Mo 0.14 Mt Mo 0.13% 31 Dec 2025 NuevaUnión TECK RESOURCES LTD NYSE:TECK Chile Developing 50.0% 0.08 Mt Mo 0.17 Mt Mo 0.25 Mt Mo 0.02% 0.02 Mt Mo 0.04 Mt Mo 0.09 Mt Mo 0.15 Mt Mo 0.01% 31 Dec 2025 Kameelburg ALDORO RESOURCES LIMITED ASX:ARN Namibia Exploring 85.0% — — — — — 0.03 Mt Mo 0.12 Mt Mo 0.16 Mt Mo 0.02% 30 June 2026 West Wall Anglo American plc LSE:AAL Chile Developing 50.0% — — — — — 0.07 Mt Mo 0.09 Mt Mo 0.16 Mt Mo 0.01% 31 Dec 2025 El Arco SOUTHERN COPPER CORP/ NYSE:SCCO Baja California, Mexico Developing — — 0.08 Mt Mo 0.08 Mt Mo 0.01% — 0.07 Mt Mo 0.14 Mt Mo 0.20 Mt Mo 0.01% 31 Dec 2025 Bagdad FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Producing 100.0% 0.43 Mt Mo 0.09 Mt Mo 0.51 Mt Mo 0.02% 0.06 Mt Mo 0.07 Mt Mo 0.08 Mt Mo 0.21 Mt Mo 0.02% 31 Dec 2025 Cerro Verde JV FREEPORT-MCMORAN INC NYSE:FCX Peru Producing 55.1% 0.15 Mt Mo 0.31 Mt Mo 0.45 Mt Mo 0.01% 0.01 Mt Mo 0.16 Mt Mo 0.04 Mt Mo 0.21 Mt Mo 0.01% 31 Dec 2025 Sierrita FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Producing 100.0% 0.54 Mt Mo 0.11 Mt Mo 0.65 Mt Mo 0.03% 0.15 Mt Mo 0.06 Mt Mo 4.6 kt Mo 0.21 Mt Mo 0.02% 31 Dec 2025 Cerro Verde JV BUENAVENTURA MINING CO INC NYSE:BVN Peru Producing 19.6% 0.07 Mt Mo 0.31 Mt Mo 0.54 Mt Mo 0.01% 0.01 Mt Mo 0.16 Mt Mo 0.04 Mt Mo 0.22 Mt Mo 0.01% 31 Dec 2025 Pampa Norte BHP GROUP LIMITED ASX:BHP Atacama, Chile Producing 100.0% 0.06 Mt Mo 0.07 Mt Mo 0.13 Mt Mo 0.02% 0.09 Mt Mo 0.08 Mt Mo 0.06 Mt Mo 0.23 Mt Mo 0.01% 30 June 2026 West Wall inc Glencore plc LSE:GLEN — — — — — — — — 0.09 Mt Mo 0.15 Mt Mo 0.24 Mt Mo 0.01% 31 Dec 2025 Antamina TECK RESOURCES LTD NYSE:TECK Peru Producing 22.5% 0.06 Mt Mo 0.05 Mt Mo 0.11 Mt Mo 0.03% 0.01 Mt Mo 0.04 Mt Mo 0.21 Mt Mo 0.26 Mt Mo 0.02% 31 Dec 2025 Schaft Creek TECK RESOURCES LTD NYSE:TECK British Columbia, Canada Developing 75.0% — — — — 0.03 Mt Mo 0.18 Mt Mo 0.06 Mt Mo 0.28 Mt Mo 0.02% 31 Dec 2025 Centinela inc Antofagasta plc LSE:ANTO Antofagasta Region, Chile Producing 70.0% 0.13 Mt Mo 0.19 Mt Mo 0.31 Mt Mo 0.01% 0.13 Mt Mo 0.22 Mt Mo 0.23 Mt Mo 0.28 Mt Mo 0.01% 31 Dec 2025 Antamina BHP GROUP LIMITED ASX:BHP Peru Producing 33.8% 0.06 Mt Mo 0.06 Mt Mo 0.12 Mt Mo 0.02% 0.01 Mt Mo 0.04 Mt Mo 0.23 Mt Mo 0.28 Mt Mo 0.02% 30 June 2026 Berg inc Surge Copper Corp. TSXV:SURG British Columbia, Canada Developing 100.0% — — 0.31 Mt Mo 0.03% — — 0.27 Mt Mo 0.31 Mt Mo 0.03% 12 June 2026 Los Bronces Sur Anglo American plc LSE:AAL Chile Developing 50.1% — — — — — — 0.32 Mt Mo 0.32 Mt Mo 0.02% 31 Dec 2025 Antamina inc Glencore plc LSE:GLEN — — — 0.08 Mt Mo 0.05 Mt Mo 0.11 Mt Mo 0.02% 0.07 Mt Mo 0.10 Mt Mo 0.25 Mt Mo 0.32 Mt Mo 0.02% 31 Dec 2025 Jiama inc China Gold International Resources Corp. Ltd. TSX:CGG Tibet Autonomous Region, China Producing 100.0% 0.12 Mt Mo 0.14 Mt Mo 0.24 Mt Mo 0.04% 0.21 Mt Mo 0.23 Mt Mo 0.13 Mt Mo 0.33 Mt Mo 0.03% 30 June 2026 Quellaveco Anglo American plc LSE:AAL Peru Producing 60.0% 0.09 Mt Mo 0.17 Mt Mo 0.26 Mt Mo 0.02% 0.02 Mt Mo 0.14 Mt Mo 0.19 Mt Mo 0.34 Mt Mo 0.02% 31 Dec 2025 Gaspé Copper Osisko Metals Incorporated TSX:OM Quebec, Canada Developing 100.0% — — — — 0.02 Mt Mo 0.29 Mt Mo 0.04 Mt Mo 0.34 Mt Mo 0.02% 17 Jan 2026 Resolution RIO TINTO LIMITED ASX:RIO Arizona, United States Developing 55.0% — — — — — 0.17 Mt Mo 0.19 Mt Mo 0.36 Mt Mo 0.04% 31 Dec 2025 KSM inc SEABRIDGE GOLD INC NYSE:SA British Columbia, Canada Developing 100.0% 0.10 Mt Mo 0.08 Mt Mo 0.18 Mt Mo 0.01% 0.13 Mt Mo 0.21 Mt Mo 0.21 Mt Mo 0.37 Mt Mo 0.00% 10 Jan 2024 MARA inc Glencore plc LSE:GLEN — — — — — — — 0.04 Mt Mo 0.32 Mt Mo 0.03 Mt Mo 0.40 Mt Mo 0.03% 31 Dec 2025 Sierra Gorda inc SOUTH32 LIMITED ASX:S32 Antofagasta, Chile Producing 45.0% 0.18 Mt Mo 0.13 Mt Mo 0.18 Mt Mo 0.02% 0.19 Mt Mo 0.19 Mt Mo 0.19 Mt Mo 0.40 Mt Mo 0.02% 31 July 2026 Safford FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Producing 100.0% — — — — 0.18 Mt Mo 0.21 Mt Mo — 0.40 Mt Mo 0.01% 31 Dec 2025 Los Bronces Anglo American plc LSE:AAL Chile Producing 50.1% 0.08 Mt Mo 0.09 Mt Mo 0.17 Mt Mo 0.01% 0.06 Mt Mo 0.25 Mt Mo 0.10 Mt Mo 0.40 Mt Mo 0.01% 31 Dec 2025 Los Volcanes inc Antofagasta plc LSE:ANTO Chile Exploring 51.0% — — — — — — 0.21 Mt Mo 0.42 Mt Mo 0.01% 31 Dec 2025 Mocoa Copper Giant Resources Corp. TSXV:CGNT Putumayo, Colombia Exploring 100.0% — — — — — — 0.45 Mt Mo 0.45 Mt Mo 0.04% 18 Nov 2025 Morenci FREEPORT-MCMORAN INC NYSE:FCX Arizona, United States Producing 72.0% 0.17 Mt Mo 0.04 Mt Mo 0.21 Mt Mo 0.02% 0.16 Mt Mo 0.22 Mt Mo 0.12 Mt Mo 0.50 Mt Mo 0.03% 31 Dec 2025 Aurora DLP Resources Inc. TSXV:DLP Cusco, Peru Exploring — — — — — — — 0.50 Mt Mo 0.50 Mt Mo 0.05% 31 Jan 2025 Climax FREEPORT-MCMORAN INC NYSE:FCX Colorado, United States Producing 100.0% 0.20 Mt Mo 0.02 Mt Mo 0.21 Mt Mo 0.14% 0.53 Mt Mo 0.06 Mt Mo 4.9 kt Mo 0.60 Mt Mo 0.16% 31 Dec 2025 Resolution BHP GROUP LIMITED ASX:BHP USA Developing 45.0% — — — — — 0.30 Mt Mo 0.35 Mt Mo 0.66 Mt Mo 0.04% 30 June 2026 El Pachón inc Glencore plc LSE:GLEN — — — — — — — 0.03 Mt Mo 0.19 Mt Mo 0.44 Mt Mo 0.66 Mt Mo 0.01% 31 Dec 2025 Buenavista SOUTHERN COPPER CORP/ NYSE:SCCO Sonora, Mexico Producing — — 0.17 Mt Mo 0.17 Mt Mo 0.01% — 0.06 Mt Mo 0.69 Mt Mo 0.75 Mt Mo 0.01% 31 Dec 2025 Los Pelambres inc Antofagasta plc LSE:ANTO Coquimbo Region, Chile Producing 60.0% 0.11 Mt Mo 0.04 Mt Mo 0.15 Mt Mo 0.02% 0.23 Mt Mo 0.31 Mt Mo 0.47 Mt Mo 0.87 Mt Mo 0.02% 31 Dec 2025 Collahuasi inc Glencore plc LSE:GLEN — — — 0.16 Mt Mo 0.66 Mt Mo 0.82 Mt Mo 0.02% 0.22 Mt Mo 0.91 Mt Mo 0.53 Mt Mo 0.87 Mt Mo 0.02% 31 Dec 2025 Los Bronces Underground Anglo American plc LSE:AAL Chile Developing 50.1% — — — — 0.06 Mt Mo 0.14 Mt Mo 0.72 Mt Mo 0.92 Mt Mo 0.02% 31 Dec 2025 Collahuasi Anglo American plc LSE:AAL Chile Producing 44.0% 0.17 Mt Mo 0.69 Mt Mo 0.85 Mt Mo 0.02% 0.01 Mt Mo 0.39 Mt Mo 0.74 Mt Mo 1.14 Mt Mo 0.02% 31 Dec 2025 Viken District Metals Corp. TSXV:DMX Jämtland County, Sweden Exploring 100.0% — — — — — 0.12 Mt Mo 1.04 Mt Mo 1.16 Mt Mo 0.02% 25 Apr 2025 Quebrada Blanca TECK RESOURCES LTD NYSE:TECK Chile Producing 60.0% 0.21 Mt Mo 0.08 Mt Mo 0.29 Mt Mo 0.02% 0.12 Mt Mo 0.64 Mt Mo 0.60 Mt Mo 1.37 Mt Mo 0.02% 31 Dec 2025 La Caridad SOUTHERN COPPER CORP/ NYSE:SCCO Sonora, Mexico Producing — 0.11 Mt Mo 0.60 Mt Mo 0.71 Mt Mo 0.04% 0.02 Mt Mo 0.47 Mt Mo 1.27 Mt Mo 1.76 Mt Mo 0.02% 31 Dec 2025