NICKEL RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay 91 Producing 14,000 1.76 543 15,333 1.87 632 29,333 1.82 1,175 68-86% NICKEL RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay 91 Producing 1,111 1.19 29 889 1.45 28 58 7,556 1.80 300 68-86% Bell Creek 94 Evaluation 11,400 0.84 211 12,700 0.64 179 390 1,700 0.55 21 Undisclosed Cosmos 95 Evaluation – – – 4,340 2.02 194 194 1,950 2.16 93 N/A COBALT RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay 91 Producing 14,000 0.11 34 15,333 0.12 41 29,333 0.12 75 68-86% COBALT RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay 91 Producing 1,111 0.06 1 889 0.07 1 1 7,556 0.12 20 68-86% Bell Creek 94 Evaluation 11,400 0.05 13 12,700 0.03 8 21 1,700 0.03 1 Undisclosed MOLYBDENUM RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Berg 49 Evaluation 34,000 0.03 24 976,000 0.03 609 633 542,000 0.02 288 70% North Island 68 Evaluation – – – 822,793 0.01 149 149 204,070 0.01 25 74% Schaft Creek 77 Evaluation 166,000 0.02 77 1,127,200 0.02 398 474 316,700 0.02 133 59% COAL RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Tonnes Contained Tonnes Recovery Property Category (kt) (kt) (kt) (kt) (%) Horizon Coal 96 Evaluation 102,468 40,626 143,094 40,626 Undisclosed Performance and Outlook Portfolio Details Reference Materials Introduction Attributes of Our Business Portfolio Overview Expected 173