Freeport Copper Financials
Organic Development Pipeline
FCX Copper Reserves (1) - 111 bn lbs
Near-Term
Leach Initiatives
-200 mm lbs*
FREEPORT FOREMOST IN COPPER
North America
Staffing & Asset
Efficiency
-200 mm lbs*
FCX Copper Resources (1)
Medium-Term
Potential Step Change in
Leaching Technology
-600 mm lbs*
Bagdad 2X Expansion
-200 mm lbs*
El Abra Expansion
-650 mm lbs*
Kucing Liar
-550 mm lbs & 560 k ozs
*
THE POWER OF
COPPER
235 bn lbs
Long-Term Potential
Safford / Lone Star Sulfides
~50 bn lbs
Mineral Potential (²)
Other U.S. Brownfield
Opportunities
-100 bn lbs
Mineral Potential (2)
Grasberg Extension of
Operating Rights Beyond 2041
opens significant
development potential
* Annual production estimates
(1) As of 12/31/22. Copper reserves (recoverable metal) based on long-term average price of $3.00/lb; copper resources (contained metal) based on long-term average price of $3.50/lb. Mineral resources are not included in
mineral reserves and will not qualify as mineral reserves until comprehensive engineering studies establish legal and economic feasibility. Accordingly, no assurance can be given that the estimated mineral resources will
become proven and probable mineral reserves.
(2) Estimated mineral potential includes exploration targets and mineral resources but will not qualify as mineral reserves until comprehensive engineering studies establish legal and economic feasibility. Significant additional
evaluation is required and no assurance can be given that the potential quantities of metal will be produced. Accordingly, no assurance can be given that estimated mineral potential not included in mineral reserves will
become proven and probable mineral reserves.
See Cautionary Statement.
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