Metals Acquisition Corp SPAC Presentation Deck
→ 2 Track Record of Reserves and Resource Replacement
JORC Resources Replacement(¹)
(kt Contained Cu)
679
330
118
231
(45)
2011
231
670
346
51
274
(80)
2011
2012
43
224%
274
2012
650
318
79
253
(125)
2013
(21)
Cu reserves M&I resources (excl. reserves)
>100% Reserves Replacement Over the Last 10 Years (¹)
JORC Reserves Replacement (kt Contained Cu)
(38)
54%
712
24%
388
108
215
(175)
2014
29
158%
675
355
75
245
(226)
253
215
245
2013
2014
2015
Net y/y Change in Reserves (kt Cu)
2015
(10)
81%
664
343
87
234
(279)
2016
631
296
112
224
(333)
80%
2017
Inferred resources
27
619
290
78
250
156%
(381)
2018
3
■Cumulative Production
108%
616
267
95
254
234
224
250
254
2016
2017
2018
2019
Reserves Replacement in Each Year (%)
(424)
2019
43
193%
297
2020
648
216
136
297
(471)
2020
+65kt
increase in
Reserves
• +536kt (when
accounting
for
cumulative
production)
Sources: Company Information.
(1) Resource and Reserve contained metal based on Glencore's published Mineral Resources and Ore Reserves reports: https://www.glencore.com/investorsteports-maullateport-archive: (2) Reserves replacement is calculated as
(production+ net change in Reserves)/production in a given year.
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