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West Wall Copper-Gold-Molybdenum project, Valparaíso Region, Chile

Project:

West Wall Copper-Gold-Molybdenum project

Location:

Valparaíso Region, Chile

Ownership:

50:50 JV between Anglo American plc (“Anglo American”) and Glencore plc (“Glencore”)

Royalty:

1.00% net proceeds of production interest that covers the entire West Wall project

As of December 31, 2020, the mineral resource estimate for West Wall was:(1),(2)

Mineral Resource Statement as at December 31, 2020

   Tonnes    Grade    Contained Metal (Kt)
 Classification  Mt Cu (%)  Mo (%)  Au (g/t)  Cu (kt)  Mo (kt)  Au (koz)
Indicated 861 0.51 0.009 0.05 4,391 77 1,519
Inferred 1,072 0.42 0.006 0.05 4,502 64 1,891

Notes:

(1) Mineral Resource is reported within an economic pit shell at a copper cut-off. Contained copper and molybdenum metal as reported by Anglo American. Contained gold metal calculated by Nova based on tonnage and gold grade reported by Glencore.

(2) See Anglo American Ore Reserves and Mineral Resources Report 2020 and Glencore Reserves & Resource statement as at December 31, 2020.