Antofagasta Investor Day
CONCLUSIONS
• Exploration is a long term activity that has played an important role in
Antofagasta's growth strategy
• Maintain a steady exploration expenditure with a long term view supported
by several orebody discoveries, mainly in Chile
• Very experienced geologists and exploration teams with deep knowledge of
prospecting regions in Chile, breaking some exploration paradigms which
have led to new discoveries
• Operations and mining districts developed by a combination of exploration and
argeted M&A
• Strategy focuses on highly prospective regions, and stable and experienced
jurisdictions. In the Americas selected areas focuses the team's efforts and increases
chances of success
Constantly looking for M&A opportunities, but few at the moment
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