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First Quantum Minerals Files NI 43-101 Technical Report for La Granja
(In United States dollars, except where noted otherwise) TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the
About this update from First Quantum Minerals Ltd.
[{"type":"text","content":" (In United States dollars, except where noted otherwise) TORONTO, May 11, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announces the filing of a Technical Report (the “Report”) with an updated Mineral Resource estimate for the La Granja project (the “Project”). The Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) with an effective date of December 31, 2025. La Granja is located in northern Peru and is 55% owned by First Quantum and 45% by Rio Tinto. “I am pleased to share this resource update on La Granja, highlighting the Project’s position as the second-largest greenfield copper resource in the world, with the potential to become a Tier 1, multi-generational copper mine. By working collaboratively with the surrounding community, our partner, Rio Tinto, and leveraging First Quantum’s core strengths in project development, we expect La Granja will add meaningful growth to our project pipeline,” said Tristan Pascall, Chief Executive Officer of First Quantum. “La Granja has the potential to become a significant new source of the copper supply required for the global energy transition.” Katie Jackson, Chief Executive, Copper at Rio Tinto, said: \"The updated Mineral Resource estimate further reinforces our increasingly positive view of La Granja’s significant long-term potential. While the project remains at an early stage and there is considerable work ahead, we are encouraged by the scale and quality of the resource and look forward to continuing to work with First Quantum to better understand the opportunity.\" HIGHLIGHTS La Granja is a large-scale copper porphyry-skarn-epithermal system with two adjacent mineralized domains at Paja Blanca and Mirador, both of which transition to porphyry-style mineralisation at depth. The updated Mineral Resource represents a substantial copper endowment, underpinned by improved geological confidence resulting from targeted drilling, detailed geological mapping and modelling, and geochemical test work to enhance spatial definition of the mineralized domains. Updated Mineral Resource includes approximately 4.831 billion tonnes of Measured and Indicated Resources at 0.48% copper (“Cu”), comprising 23.0 million tonnes of contained copper, and approximately 5.206...