Acquisition of Khoemacau

Freeport BHP Glencore 400 Zijin Southern Copper Anglo American 800 First Quantum Antofagasta Rio Tinto 1,200 KGHM M MMG (Pro-forma) CMOC 1,600 Ivanhoe Positions MMG as a Top 10 copper focused producer Listed global copper producers - copper production (ktpa)1 2,000 Diversified Peer Copper Focused Peer Further growth potential Notes: 1. Listed companies with annual copper production >100kt. Production based on copper production guidance for CY23, or actual copper production for CY22 where guidance is not available. Newmont inclusive of Newcrest CY23 copper production guidance. First Quantum guidance does not account for recent disruptions at Cobre Panama. MMG Proforma Production based on MMG 2023 copper production guidance and Khoemacau post-expansion copper production (~130ktpa). 12 M MMG KAZ M MMG Vale Lundin Jiangxi Barrick Newmont Capstone PT Amman Hudbay Boliden

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