Vicuña Project (Filo del Sol + Josemaria)

Vicuña Project - JV between Lundin Mining (50%) and BHP (50%) formed Jan 15, 2025 via Filo Transaction (acquired Filo Corp, Filo del Sol) + Josemaria Contribution Transaction. Comprises 4 known Cu-Au deposits along Chile-Argentina border between El Indio and Maricunga belts. Argentinian tenure 102,267 ha + La Rioja 5,130 ha; Chilean tenure 47 mining concessions (3,329 ha exploitation + 8,590 ha exploration). NI 43-101 Vicuña Report effective October 31, 2025; an integrated PFS was reported in February 2026. Reserves were declassified April 15, 2025. Updated Mineral Resource estimate released May 4, 2025. One of largest Cu-Au-Ag resources globally.