First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — Corporate Update (September 2022)
39 slides from First Quantum Minerals's corporate update, September 2022
Slide 1: Responsible Growth: Cobre Panama Mine Tour 2022
TSX FM RESPONSIBLE GROWTH Cobre Panama Mine Tour 2022
Slide 2: Cautionary Statement on Forward-Looking Information
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. The forward-looking statements i
Slide 3: Cobre Panama Mine Tour
Lah a | . A : - COBRE PANAMA MINE TOUR
Slide 4: Cobre Panama's Economic Contribution
COBRE PANAMA’S ECONOMIC CONTRIBUTION $6.7 billion 40.5% of the foreign 78.4% 4% construction cost investment of Panama of Panama’s of GDP (2017 - 2020) exports $1.8 billion per year direct impact $560 million per year $22 million 39,000 jobs $3.7 billion per year to Panamanian suppliers in monthly p
Slide 5: Project Location
PROJECT LOCATION COLON COBRE PANAMA PORT & POWER PLANT PANAMA CITY COBRE PANAMA MINE & PROCESS PLANT 5
Slide 6: Cobre Panama Annual Production and Pit Development
COBRE PANAMA ANNUAL PRODUCTION 450 400 370-400 350-380 330-360 Copper Production (kt) 350 300 250 200 150 100 50 0 2019 2020 2021 2022E 2023E 2024E COBRE PANAMA PIT DEVELOPMENT 160 140 120 Ore Mined from Pit (Mt) 100 80 60 40 20 0 BOTIJA COLINA MEDIO VALEGRANDE BALBOA BABR Source: Cobre Panama 43-10
Slide 7: Mine and Process Plant Layout
MINE AND PROCESS PLANT LAYOUT 4 x IN-PIT PRIMARY COLINA PIT CRUSHERS TAILINGS MANAGEMENT FACILITY BOTIJA PIT ORE STOCKPILE OVERLAND CONVEYOR GOLD PLANT MILL SECONDARY & PEBBLE BUILDING FLOTATION HIGH INTENSITY MOLY PLANT SITE CRUSHING CIRCUITS GRINDING MILLS 7
Slide 8: Botija Pit (Eastern Viewpoint View)
BOTIJA PIT (EASTERN VIEWPOINT VIEW) 8
Slide 9: Botija Pit (Northwest View)
BOTIJA PIT (NORTHWEST VIEW) 9
Slide 10: Colina Overland Conveyor Alignment
COLINA OVERLAND CONVEYOR ALIGNMENT 10
Slide 11: Colina (Looking South)
COLINA (LOOKING SOUTH) FIRST QUANTUM
Slide 12: Trolley Assist
& TROLLEY ASSIST FIRST QUANTUM MINERALS
Slide 13: Trolley Assist Lines
TROLLEY ASSIST LINES WEST DAM COLINA WASTE DUMP COLINA PIT BOTIJA PIT MEDIUM GRADE RDM STOCK WASTE DUMP LOW GRADE STOCK BOTIJA Projected Trolley Lines CP Projected Permanent Roads WASTE DUMP Botija 9.9 km Botija 4.9 km Colina 7.5 km Colina 13.4 km Waste Dumps + Stockpiles 11.7 km Waste Dumps + Stock
Slide 14: In-Pit Crushers
& IN-PIT CRUSHERS FIRST QUANTUM MINERALS
Slide 15: Conveyors and Secondary & Pebble Crushing
CONVEYORS AND SECONDARY & PEBBLE CRUSHING 15
Slide 16: Mill Building and Gold Plant
MILL BUILDING AND GOLD PLANT 16
Slide 17: Mill Building with Ball Mill 6 Under Construction
MILL BUILDING WITH BALL MILL 6 UNDER CONSTRUCTION 17
Slide 18: CP100 Expansion Works - Ball Mill 6 Final Alignment
CP100 EXPANSION WORKS - BALL MILL 6 FINAL ALIGNMENT 18
Slide 19: CP100 Expansion Works - Ball Mill 6
CP100 EXPANSION WORKS - BALL MILL 6 19
Slide 20: CP100 Expansion Works - Piping Works to Process Water Tank
CP100 EXPANSION WORKS – PIPING WORKS TO PROCESS WATER TANK 20
Slide 21: CP100 Expansion Works - Screening Area
CP100 EXPANSION WORKS – SCREENING AREA 21
Slide 22: CP100 Expansion Works - Feed Conveyors to Screen and Bin Building
CP100 EXPANSION WORKS – FEED CONVEYORS TO SCREEN AND BIN BUILDING 22
Slide 23: CP100 Expansion Works - Screen and Bin Building
CP100 EXPANSION WORKS - SCREEN AND BIN BUILDING 23
Slide 24: CP100 Expansion Works - Bypass Bin and Feeder Progress
CP100 EXPANSION WORKS – BYPASS BIN AND FEEDER PROGRESS 24
Slide 25: Flotation Circuit
FLOTATION CIRCUIT FIRST QUANTUM MINERALS ie eh Oa) a) 6) 6) w } i | fi > We
Slide 26: TMF - North Dam Wall
& TMF — NORTH DAM WALL FIRST QUANTUM
Slide 27: TMF - East Dam (Northern Section)
TMF – EAST DAM (NORTHERN SECTION) 27
Slide 28: TMF Spillway Tower, Decant Pumps and Sand Cyclone Plant
TMF SPILLWAY TOWER & DECANT PUMPS AND SAND CYCLONE PLANT 28
Slide 29: Port Facilities & Power Plant
PORT FACILITIES & POWER PLANT TERMINAL 2 (COMMODITY BERTH) 300MW POWER STATION TERMINAL 1 (MATERIAL CONCENTRATE SHED OFFLOADING FACILITY) TRANSMISSION LINE COAL SHED CONCENTRATE FILTRATION WAREHOUSE FUEL TANKS 29
Slide 30: Port
& FIRST QUANTUM MINERALS
Slide 31: Power Station
MINERALS FIRST QUANTUM 2 iS) E = 2) a wi = ie) a
Slide 32: 32
32
Slide 33: Appendix - ESG
APPENDIX - ESG
Slide 34: Cobre Panama Central to Climate Change Strategy
COBRE PANAMA CENTRAL TO CLIMATE CHANGE STRATEGY Decarbonising power at Cobre Panama Planned Cobre First Quantum Panama actions Targets 24 2021 GHG intensity of global 2023 1 CP100 power to be 21 copper production sourced through renewable PPA 18 GHG intensity (tCO2e/ t Cu eq.) 15 2025 2 Cobre Panama
Slide 35: Panama Power Overview
PANAMA POWER OVERVIEW Panama grid is over 60% renewable Proximity of Cobre Panama to Colòn Natural gas now an important source of power, with a significantly lower GHG profile than diesel or coal LNG port and storage infrastructure at Colòn Punta Rincon Cobre Panama (Botija) PANAMA POWER MIX 5% Inst
Slide 36: Cobre Panama Biodiversity
COBRE PANAMA BIODIVERSITY Commitment: Net positive impact on biodiversity in Panama Reforestation underway Reforestation Protected areas = Plan 1/3 life-of-mine reforestation commitment completed +30x Cobre Panama 4,020 hectares reforested to date mine footprint Protected 1 million m2 hydroseede
Slide 37: Working with Cobre Panama's Communities
WORKING WITH COBRE PANAMA’S COMMUNITIES Respect Engagement Benefit 39,0001 Employees (direct and indirect) 92%2 Panamanian workforce We are proud of our mines contribution to society and to our host communities Dedicated team committed to Fully functioning and documented listening to communities
Slide 38: Cobre Panama Contributing to Panama
COBRE PANAMA CONTRIBUTING TO PANAMA Driving the economies of our local communities $86 million 1 million kgs+ Annual economic contribution Fruit and vegetables worth to local communities (payroll, $2.3m to be purchased by suppliers, community Cobre Panama from DONLAP investment) farmers co-op in 202
Slide 39: First Quantum Minerals Ltd. Contact
TSX FM First Quantum Minerals Ltd. info@fqml.com 416-361-6400 1-888-688-6577
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