Grasberg Project and Financial Update
Grasberg - World Class Block Cave Design FREEPORT
FOREMOST IN COPPER
Substantial Infrastructure in Place to Support Large-Scale Production
Grasberg Block Cave
DMLZ
Plan View
100 meters.
Future PB
Future PB
PB2S
Current
Cave
Future PB
PB3
PB2N
+
PBIN
PB1C
Ramp-up Schedule
(000's t/d of Ore)
N->>>>
Plan View
100 meters
126 130 129
N
101
PB1S
71
PB Production Block
PB1S
2 Gave Fronts
5 Production Blocks
Currently Active
31
9
2019 2020 2021e 2022e 2023e 2024e 2025e
■ Continuation of Ore Mined in Open Pit (300 meters below)
■874 mm t @ 1.08% Copper & 0.73 g/t Gold
YE 2020 Reserves: 17 bn lbs Copper; 13 mm ozs Gold
By 2023: 335,000 Sq Meter Footprint (over 80 acres)
■Life of Mine: 725,000 Sq Meter Footprint (180 acres)
Fully Autonomous Underground Rail System
Annual Production @ Avg. Reserve Grade (1)
950 mm lbs Copper & 700,000 ozs Gold
(1) Access to higher ore grades expected in early years of production.
e = estimate. See Cautionary Statement.
Future PB
Future PB
Ramp-up Schedule
(000's t/d of Ore)
57
69 72
78 78
PB1N
Current
Cave
PB2N
2 Gave Fronts
PB Production Block
3 Production Blocks,
2 Currently Active
29
10
2019 2020 2021e 2022e 2023e 2024 2025e
■ Located Below DOZ Underground Block Cave Mine
1,500 meters below surface
439 mm t @ 0.89% Copper & 0.72 g/t Gold
■YE 2020 Reserves: 7 bn lbs Copper; 8 mm ozs Gold
By 2022: 200,000 Sq Meter Footprint (~ 50 acres)
■Life of Mine: 450,000 Sq Meter Footprint (110 acres)
■ Annual Production @ Avg. Reserve Grade (1)
500 mm lbs Copper & 540,000 ozs Gold
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