Electrifying the Future

ELECTRIFYING THE FUTURE • Indonesia Downstream Processing Activities Greenfield Smelter 1.7 mm mt of annual concentrate capacity Designed to be world's largest flash smelter/convertor facility • Advancing groundwork/preparation Project expected to be completed as soon as feasible in 2024 (1) Target price: $2.8 bn (2) • PT Smelting Expansion 30% increase to existing smelter to add 300,000 mt of annual concentrate capacity Completed commercial arrangements in 4Q21 Target completion of YE 2023 (1) Cost estimate: $250 mm FREEPORT FOREMOST IN COPPER Precious Metals Refinery (PMR) To be constructed to process gold and silver from greenfield smelter and PT Smelting Cost estimate: $250 mm PMR Stimes Electrorefinery Final Cathodes Smelting Furnaces Utilities, Effluent treatment Acid Plant Concentrate Storage Overall Smelting Process Slag Cooling Acid Tanks Slag Concentrator Acid To Tanks Final Slag From/To Jetty, Wharf PTS Smelter at Gresik 3D Concept Map of PMR (1) Dependent on no further COVID-19-related disruptions; PT-FI has requested an extension of the timeline for the greenfield smelter from the Indonesian government. (2) Excludes capitalized interest, owner's costs and commissioning. See Cautionary Statement. 30 50

View entire presentation