Investor Presentaiton

Resource Copper Grade (% Cu) TB Copper/Gold Project Leading Mineral Resource Significant Porphyry Deposits 0.90% Bubble Size Resource (Moz AuEq) 0.80% 0.70% 0.60% 0.50% Los Volcanes Oyu Tolgoi Northparkes Lookout Hill Tujuh Bukit Frieda River West Wall Tampakan Grasberg Underground After first 20+ years Copper/Gold Taca Taca Los Helados 0.40% Ok Tedi Batu Hijau Los Azules Cascabel 0.30% Cadia Valley Namosi Malmyzh KSM Ann Masolar Productora 0.20% King-king 0.10% NuevaUnion Tujuh Bukit UHGZ Wafi-Golpu First 20+ years Didipio MERDEKA COPPER GOLD Legend: TB Copper Producing Undeveloped 0.20 0.40 0.60 0.80 1.00 1.20 Resource Gold Grade (g/t Au) Source: Company Annual Reports and Industry Data 16

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