Grasberg Project and Financial Update
PT-FI Mine Plan
Metal Sales, 2020 – 2025e
0.8
0.84
Copper
2021e2025e
Total: 7.7 billion lbs copper
Annual Average: 1.55 billion lbs
FREEPORT
FOREMOST IN COPPER
Gold
2021e2025e
Total: 8.0 million ozs gold
Annual Average: 1.6 million ozs
1.8
1.7
1.7
1.6 1.6
1.6
1.6
1.5
1.33
1.3
Cu
Au
bn
mm
Ibs
OZS
FEM Aliate of Freeport-McMoRan C
PT FREEPORT IND
2020
2021e
Transition Year
2022e
2023e
2024e
2025e
NOTE: Amounts are projections. Timing of annual sales will depend on a number of factors, including operational performance, continued progress of the ramp-up of
underground mining at PT-FI, timing of shipments, and other factors. FCX's economic interest in PT-FI approximates 81.27% through 2022 and 48.76% thereafter. See
Cautionary Statement. e = estimate.
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