El Arco Project

World-class porphyry copper deposit in the central Baja California peninsula, Mexico, with sulfide ore reserves of over 1,230 Mt at 0.40% Cu and 141 Mt of leach material at 0.27% Cu, plus gold and silver credits. Project includes an open-pit mine with a combined 120 ktpd concentrator and 28 ktpy SX-EW operation. Detailed engineering underway for the concentrator, SX-EW plant, water desalination, logistics infrastructure and power delivery. Reserves priced at $9.00/lb Mo (vs $10.00 elsewhere) and resources at $10.35/lb Mo. S-K 1300 TRS Exhibit 96.9.