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Resource Copper Grade (% Cu) TB Copper/Gold Project World Class Mineral Resource Significant Porphyry Deposits 0.90% Bubble Size = Resource (Moz AuEq) 0.80% 0.70% 0.60% Oyu Tolgoi Northparkes Grasberg Lookout Hill MERDEKA COPPER GOLD Legend: Wafi-Golpu TB Copper Tujuh Bukit UGHZ First 20+ years Producing Undeveloped Los Volcanes Frieda River 0.50% West Wall Tujuh Bukit Underground Copper/Gold -After first 20 years Tampakan Taca Taca Los Helados Ok Tedi 0.40% Batu Hijau Los Azules Cascabel 0.30% Namosi Malmyzh Cadia Valley KSM Ann Masolitar Productora 0.20% King-king 0.10% NuevaUnion Didipio 0.20 0.40 0.60 0.80 1.00 1.20 Resource Gold Grade (g/t Au) Source: Company Annual Reports and Industry Data 10 10

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