Unlocking Value and Performance Outlook

Copper: decisive action to improve returns Lowering unit costs by ~15% at Los Bronces Challenging ore phase: moving to one plant will reduce unit costs & capex Significant resource potential: studies progressing the underground project Safely navigating geotech fault at Quellaveco Rephasing production to safely access the ore Production over the next 5 years higher than previously forecast Anglo American 11

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