ATTRIBUTES OF PORTFOLIO EXPECTED PERFORMANCE PORTFOLIO REFERENCE | INTRODUCTION | OUR BUSINESS | OVERVIEW | AND OUTLOOK | DETAILS | MATERIALS | | COPPER 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) | (%) | | Kansanshi(3) | Principal | (8,000) | (2.54) | 448 | 243,800 | 0.67 | 3,595 | 4,043 | 49,300 | 0.41 | 446 | Undisclosed | | Mount Milligan(4) | Principal | 180,527 | 0.17 | 686 | 64,132 | 0.01 | 8 | 694 | 27,901 | 0.08 | 50 | Undisclosed | | Antamina(125) | Producing | 99,000 | 0.65 | 1,415 | 240,000 | 0.83 | 4,414 | 5,829 | 1,250,000 | 0.97 | 26,711 | Undisclosed | | Caserones(132) | Producing | 46,898 | 0.34 | 352 | 451,962 | 0.25 | 2,483 | 2,835 | 74,766 | 0.20 | 330 | Undisclosed | | Chapada(133) | Producing | 115,989 | 0.25 | 639 | 581,030 | 0.24 | 3,103 | 3,742 | 75,012 | 0.32 | 524 | Undisclosed | | Cosalá(128) | Producing | 1,680 | 0.02 | 1 | 5,761 | 0.16 | 20 | 21 | 3,072 | 0.21 | 14 | Undisclosed | | Galena(129) | Producing | 1,016 | 0.21 | 5 | 4,553 | 0.14 | 14 | 18 | 6,843 | 0.25 | 37 | Undisclosed | | Johnson Camp(134) | Producing | 28,570 | 0.36 | 227 | 63,249 | 0.34 | 468 | 694 | 22,651 | 0.32 | 162 | 48 % | | Red Chris(38) | Producing | – | – | – | 478,286 | 0.34 | 3,585 | 3,585 | 88,571 | 0.40 | 781 | 81 % | | Voisey's Bay(135) | Producing | 1,393 | 0.91 | 28 | 10,092 | 0.70 | 156 | 184 | 13,831 | 0.70 | 213 | 79-85% | | Cactus(136) | Development | 54,315 | 0.81 | 972 | 389,043 | 0.41 | 3,507 | 4,480 | 199,853 | 0.35 | 1,558 | Undisclosed | | Don Mario(55) | Development | 135 | 1.75 | 5 | 4,422 | 0.50 | 49 | 54 | 1,671 | 0.38 | 14 | Undisclosed | | Hod Maden(57) | Development | 620 | 2.34 | 32 | 1,100 | 1.40 | 34 | 66 | 2,670 | 0.44 | 26 | Undisclosed | | Horne 5(58) | Development | 10,839 | 0.17 | 41 | 13,857 | 0.17 | 52 | 93 | 24,311 | 0.67 | 359 | Undisclosed | | Kundip(61) | Development | – | – | – | 710 | 0.19 | 3 | 3 | 3,150 | 0.16 | 11 | Undisclosed | | Kutcho Creek(62) | Development | 103 | 1.64 | 4 | 413 | 6.62 | 60 | 64 | 2,145 | 1.22 | 58 | 87.6-94.5% | | Las Cruces(137) | Development | 4,900 | 2.07 | 223 | 900 | 2.84 | 56 | 280 | 9,400 | 1.08 | 224 | Undisclosed | | NuevaUnión(69) | Development | 2,880 | 0.42 | 27 | 71,010 | 0.51 | 798 | 825 | 205,586 | 0.30 | 1,364 | 89 % | | Oyu Tolgoi(70) | Development | – | – | – | 83,000 | 1.63 | 2,983 | 2,983 | 161,000 | 1.04 | 3,691 | Undisclosed | | Platreef(72) | Development | – | – | – | 216,300 | 0.16 | 763 | 763 | 506,000 | 0.16 | 1,785 | Undisclosed | | Troilus(74) | Development | – | – | – | 128,300 | 0.11 | 299 | 299 | 80,500 | 0.06 | 108 | Undisclosed | | Warintza(75) | Development | 399,000 | 0.31 | 2,727 | 2,047,000 | 0.20 | 8,804 | 11,531 | 2,092,000 | 0.16 | 7,379 | Undisclosed | | Berg(77) | Evaluation | 34,000 | 0.31 | 230 | 976,000 | 0.23 | 4,858 | 5,088 | 542,000 | 0.17 | 2,045 | 82 % | | Bronson Slope(78) | Evaluation | – | – | – | – | – | – | – | 155,190 | 0.09 | 317 | Undisclosed | | Caber(81) | Evaluation | 800 | 1.11 | 20 | 700 | 1.07 | 17 | 36 | – | – | – | Undisclosed | | High Lake(90) | Evaluation | – | – | – | 7,900 | 3.00 | 522 | 522 | 6,000 | 1.80 | 238 | 89 % | | Jaguar(93) | Evaluation | – | – | – | 1,300 | 0.50 | 14 | 14 | 400 | 0.30 | 3 | 76 % | | Long Lake(95) | Evaluation | – | – | – | 407 | 0.97 | 9 | 9 | 78 | 0.70 | 1 | Undisclosed | | Los Chancas(138) | Evaluation | – | – | – | 150,000 | 0.50 | 1,648 | 1,648 | 1,433,000 | 0.45 | 14,165 | 82-84% | | MARA(97) | Evaluation | 127,000 | 0.75 | 2,100 | 1,080,000 | 0.54 | 12,953 | 15,052 | 110,000 | 0.29 | 703 | Undisclosed | | Ming(67) | Evaluation | 241 | 2.40 | 13 | 74 | 1.98 | 3 | 16 | 62 | 1.75 | 2 | Undisclosed | | Minyari(98) | Evaluation | – | – | – | 32,370 | 0.20 | 143 | 143 | 15,370 | 0.13 | 44 | Undisclosed | | Niblack(101) | Evaluation | – | – | – | 5,851 | 0.94 | 121 | 121 | 214 | 0.93 | 4 | 94 % | | North Island(103) | Evaluation | – | – | – | 822,793 | 0.15 | 2,766 | 2,766 | 204,070 | 0.12 | 542 | 86 % | | Pascua-Lama(107) | Evaluation | 35,156 | 0.10 | 77 | 276,452 | 0.09 | 559 | 636 | 15,400 | 0.05 | 18 | Undisclosed | | Point Leamington(110) | Evaluation | – | – | – | 5,013 | 0.54 | 60 | 60 | 15,440 | 0.36 | 124 | 80 % | | Quinns Austin(112) | Evaluation | 463 | 1.22 | 12 | 703 | 0.97 | 15 | 28 | 318 | 0.85 | 6 | Undisclosed | | Rock Creek(131) | Evaluation | – | – | – | – | – | – | – | 90,716 | 0.66 | 1,317 | 92 % | | Schaft Creek(116) | Evaluation | 166,000 | 0.32 | 1,171 | 1,127,200 | 0.25 | 6,213 | 7,384 | 316,700 | 0.19 | 1,327 | 87 % | | Wolverine(124) | Evaluation | 553 | 1.36 | 17 | 911 | 1.51 | 30 | 47 | 539 | 0.98 | 12 | Undisclosed | 204 Royal Gold / 2025/2026 Asset Handbook