INVESTOR DAY 2026 Kansanshi 51 1) Kansanshi Operations NI 43-101 Technical Report. 2026-2028 Guidance source: First Quantum Press Release January 15, 2026, mid- point of guidance shown. Production FIRST QUANTUM MINERALS Gold stream deliveries based on copper production 1 S3 plant expansion: First ore in June 2025 Commercial production December 1, 2025 Adds 25 mtpa ore processing capacity, will increase total throughput 52 mtpa - 100 200 300 400 500 600 700 Copper Production (mlbs) Kansanshi Copper Production (100%) - 5 10 15 20 25 30 35 40 45 50 Gold Deliveries (kozs) Gold Deliveries to Royal Gold Guidance 2024 NI 43-101 Technical Report Guidance 2024 NI 43-101 Technical Report