First Quantum Minerals Ltd. · TSX:FM
First Quantum Minerals — Bank of America Global Metals, Mining & Steel Conference 2023
13 slides from First Quantum Minerals's conference presentation, August 2025
Slide 1: Responsible Growth
TSX FM RESPONSIBLE GROWTH Bank of America Global Metals, Mining & Steel Conference 2023
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: First Quantum – 6th Largest Global Copper Producer with Significant Nickel Growth
FIRST QUANTUM – 6TH LARGEST GLOBAL COPPER PRODUCER WITH SIGNIFICANT NICKEL GROWTH LAS CRUCES Cu Zn | Spain ÇAYELI Cu Zn | Turkey GUELB MOGHREIN Cu Au | Mauritania RAVENSTHORPE COBRE PANAMA FQM OFFICES Ni | Australia Cu Au | Panama OPERATING MINES DEVELOPMENT PROJECTS KANSANSHI Cu Au | Zambia LA GRAN
Slide 4: Cobre Panamá, Including CP100 Expansion
COBRE PANAMÁ, INCLUDING CP100 EXPANSION Ownership Mine Type Processing Rate CP100 Expansion 90% First Quantum Open Pit 85-90 Mtpa Sulphide circuit Expansion to 100 Mtpa 10% KOMIR Cu-Au-Ag-Mo Porphyry (end of 2023) Strip Ratio P&P Reserves M&I Resources Inferred Resources LOM 1:1 2,843.6 Mt 3,375.6 M
Slide 5: Cobre Panama Agreement
COBRE PANAMA AGREEMENT Agreement for a Refreshed Concession Contract reached on March 8, 2023 with the Government of Panama Initial 20-year term with a 20-year extension option and additional extensions for the life of mine • Payment of $375 million plus additional $20 million to cover taxes and roy
Slide 6: Kansanshi, Including S3 Expansion
KANSANSHI, INCLUDING S3 EXPANSION Ownership Mine Type Processing Rate S3 Expansion 80% First Quantum Open Pit 7 Mtpa Oxide circuit S3 25 Mtpa Expansion 20% ZCCM-IH Vein deposit; Primary 8 Mtpa Mixed circuit (First production H2 2025) sulphide, mixed 15 Mtpa Sulphide circuit Smelter expansion to 1.6
Slide 7: Sentinel and Enterprise
SENTINEL AND ENTERPRISE Ownership Mine Type Processing Rate Enterprise 100% First Quantum Open Pit Sentinel: 62 Mtpa 4 Mtpa Sulphide circuit Sulphide circuit (first ore Q1 2023) Sentinel: primary sulphide copper SENTINEL & Enterprise: hydrothermal ENTERPRISE sulphide nickel Strip Ratio P&P Reserves
Slide 8: Project Pipeline to 1 Million Tonnes Copper
PROJECT PIPELINE TO 1 MILLION TONNES COPPER 0-5 YEARS >5 YEARS FIRST QUANTUM PROJECT MODEL Brownfield First Quantum Cobre Panama In-house IN EXECUTION CP100 Expansion Board EPCM Approved Kansanshi S3 Expansion Enterprise Nickel Project COMMISSIONING BENEFITS OF FQM APPROACH Months between first prod
Slide 9: La Granja Transaction Details
LA GRANJA TRANSACTION DETAILS La Granja is one of the largest undeveloped copper resources in the world, with potential for substantial expansion First Quantum will acquire a 55% interest in the La Granja project from Rio Tinto for Agreement a consideration of $105 million and will become the operat
Slide 10: The First Quantum Approach to ESG
THE FIRST QUANTUM APPROACH TO ESG ESG integrated into First Quantum’s operating model At First Quantum, we are proud of our mines’ contributions to society and our host communities Socially Environmentally Technically Value Responsible Sound Appropriate Accretive Actions Practices Operations Investm
Slide 11: Copper: Critical Mineral for the Future
COPPER: CRITICAL MINERAL FOR THE FUTURE The metals that we mine are vital to the transition to ANNUAL COPPER DEMAND, a low carbon economy and for socioeconomic IEA SUSTAINABLE DEVELOPMENT SCENARIO4 development Copper demand 16 40 for renewables, 15 CO2e Less than 1% EVs and Total copper demand (mill
Slide 12: Capital Allocation Priorities
CAPITAL ALLOCATION PRIORITIES EXCESS CASH PRIORITIES DEBT REPAYMENT Further debt reduction likely post debt reduction targets achieved RE-INVESTING IN THE BUSINESS Sustaining and stripping capital INORGANIC PROJECTS BALANCE SHEET PRESERVATION Target opportunities where First Quantum can Net debt red
Slide 13: First Quantum Minerals Ltd.
First Quantum Minerals Ltd. info@fqml.com 416-361-6400 1-888-688-6577 TSX FM
First Quantum Minerals — Bank of America Global Metals, Mining & Steel Conference 2023 on 6ix