Grasberg Project and Financial Update slide image

Grasberg Project and Financial Update

Advancing New Leach Technologies Taking Leach to the Next Level >Industry leader with long history of leach production >>>Internal and external initiatives to advance sulfide leaching technologies and to drive continuous recovery improvement Data analytics providing new insights to drive additional value >>> Focused on traditional ores and ores that have been typically considered difficult to leach, like chalcopyrite >>> Leveraging both R&D and in-field trials at existing leach stockpiles and future opportunities to recover Cu from below mill cut-off grade material >>> Success would enable utilization of latent tank house capacity with limited capital investment >>> Low carbon footprint FREEPORT FOREMOST IN COPPER Copper in Leach Stockpiles Unrecoverable by Traditional Leach Methods 38 bn lbs Contained* Balance North America 34% South America 16% Morenci 50% See Cautionary Statement. * Copper that is currently not included in reserves or mineralized material. 12
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