$212.7B
USD
Market cap · 2026–07 · week 27
🇦🇺 Australia, Melbourne
Country
Diversified
Sector
Producer · Senior · Copper · Iron · Australia · Canada · Chile
Last updated 21 June 2026
Overview:
BHP Group Limited is a senior diversified global resources company headquartered in Melbourne, Australia, operating primarily in Australia, Chile, and Canada. The company's portfolio comprises large-scale, low-cost operating mines and development projects across copper, iron ore, steelmaking coal, and potash. Key assets include Western Australia Iron Ore (WAIO), Escondida, Copper South Australia, the BHP Mitsubishi Alliance (BMA) steelmaking coal business, and the Jansen potash project under construction in Canada. The business model centres on extracting and processing minerals from large, long-life orebodies to supply global markets, applying the BHP Operating System (BOS) to drive productivity and operational excellence across the asset base. Processing capabilities span large-scale concentrators, copper smelting and SX-EW cathode production, and integrated rail-and-port iron ore logistics in the Pilbara, where the company surpassed 290 million tonnes of annual iron ore production for the first time. A defining competitive advantage is its standing as the lowest-cost major iron ore producer, complemented by a deliberate pivot toward future-facing commodities, copper and potash, that are leveraged to electrification, decarbonisation, and food security. As a price-taker that sells substantially all of its production on market-based index terms, the company is exposed to commodity-price cycles, global macroeconomic and demand conditions, and the execution risk inherent in developing major capital projects.
Strategy:
Strategic direction is built on blending cash flow from current operations with transformational growth in future-facing commodities, while maintaining capital discipline and a strong balance sheet. The enterprise is targeting copper production of more than 2 million tonnes per annum in the 2030s, pursued through brownfield expansions, productivity gains, and resource development across its Chilean and South Australian copper assets. A core growth pillar is the Jansen potash project in Canada, where Stage 1 is well advanced toward first production in mid-CY2027 and Stage 2 is being progressed, establishing a new long-life commodity platform. Capital allocation is prioritised to sustain the existing asset base, fund high-return organic growth, preserve balance-sheet strength, and balance these against shareholder returns through dividends. The organisation also advances early-stage exploration and selective partnerships, exemplified by the Vicuña copper joint venture, and continues to optimise its portfolio by divesting assets that no longer fit its long-term commodity focus. Productivity improvement through the BHP Operating System underpins the strategy across every operating asset.
Management:
Executive leadership is headed by Chief Executive Officer Mike Henry, who has over 30 years of experience in the global mining and petroleum industry, supported by Chief Financial Officer Vandita Pant. The Board is led by Chair Ross McEwan, who succeeded Ken MacKenzie on 31 March 2025 and brings over 30 years of experience including a prior role as Chief Executive Officer of National Australia Bank. The Board oversees corporate strategy and governance through four standing committees, the Risk and Audit Committee, the Sustainability Committee, the Nomination and Governance Committee, and the People and Remuneration Committee, and maintains gender-diverse representation among its directors. The Risk and Audit Committee and the Sustainability Committee assist the Board in reviewing risk management and health, safety, environment, and community matters respectively.
Sustainability:
The organisation's sustainability framework is guided by its 2030 social value scorecard, which sets goals across decarbonisation, a healthy environment, Indigenous partnerships, and a safe and inclusive workforce. The company targets a reduction of operational Scope 1 and 2 greenhouse gas emissions from its operated assets by at least 30 per cent by FY2030 from an FY2020 baseline, with an ambition of net zero operational emissions by 2050. Under its healthy-environment goal, it aims to place at least 30 per cent of stewarded land and water under conservation, restoration, or regenerative practices by 2030. The enterprise reached its gender-balance ambition with 41.3 per cent female representation in its workforce in CY2025, and reports performance annually through an ESG Standards and Databook aligned with the GRI, SASB, and TCFD frameworks. Indigenous partnerships and community programs are embedded in the social value approach across its operating regions.
Structure:
A significant structural development occurred in early 2025 with the formation of the Vicuña joint venture with Lundin Mining, in which the company acquired a 50 per cent interest to hold the Josemaria and Filo del Sol copper deposits in Argentina. In 2024 the entity completed the divestment of its Blackwater and Daunia steelmaking coal mines to Whitehaven Coal as part of portfolio simplification. The corporate structure includes material operating subsidiaries such as Minera Escondida Limitada, in which the company holds a 57.5 per cent interest, and BHP Iron Ore (Jimblebar) Pty Ltd, held at 85 per cent. In October 2024 a settlement agreement was reached with Brazilian public authorities in relation to the Samarco dam failure, addressing remediation and compensation obligations associated with the jointly held Samarco operation. The company continues to manage its portfolio through joint ventures and selective acquisitions and divestments aligned with its future-facing commodity strategy.
Hedge:
The company maintains an unhedged posture for its commodity-price exposures, selling substantially all of its production on market-based index pricing terms to provide shareholders with direct leverage to commodity prices. Its Board-approved portfolio risk management strategy permits the use of financial instruments as economic hedges to align revenue price exposure with index targets and to manage exposure in US dollars. As of 30 June 2025, the company held cross-currency and interest-rate swaps to convert most of its fixed-rate debt to floating US-dollar interest rates, such that approximately 98 per cent of borrowings were exposed to floating rates inclusive of swaps.
Source:
BHP Group Limited - Annual Report - 2025
Portfolio Aggregate · 1 project
Portfolio mode — asset rows are for context only; tab totals use the company aggregation.
BHP Group Portfolio
Portfolio
Australia
GoldSilver
Mining
Type
Operating
Status
🇦🇺 Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Company portfolio
Aggregation level:
Company portfolio
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
Group-level production rollup across Copper (Escondida, Pampa Norte, Copper South Australia, Antamina, Carajas), Iron Ore (WAIO, Samarco), Steelmaking Coal (BMA), Energy Coal (NSWEC/Mt Arthur), Nickel (Western Australia Nickel — temporary suspension since December 2024) and Potash (Jansen, in construction). FY2025: record total copper of 2,017 kt (+8%) and record iron ore of 263 Mt; BMA -19% on Blackwater/Daunia divestment (completed 2 April 2024). FY2026 group copper guidance 1,800-2,000 kt on planned lower Chilean grades. R&R reported under JORC (ASX Chapter 5); Measured and Indicated resources are inclusive of resources modified to produce reserves.
Portfolio Aggregate
Multiple effective dates
| Commodity | Production | Reserves & Resources | Production value (est.) |
|---|---|---|---|
|
Gold
|
550.58 koz/yr
|
-
|
$2.3B (1%)
USD 4,155.4 / oz
|
|
Silver
|
14.77 moz/yr
|
-
|
$958.5M (<1%)
USD 64.88 / oz
|
|
Copper
|
2 016.7 kt/yr
|
-
|
$20.2B (9%)
≈ $10,000 / t
|
|
Uranium
|
6.95 mlb/yr
|
-
|
$597.6M (<1%)
USD 85.95 / lb
|
|
Iron
|
262.98 mt/yr
|
-
|
$195.2B (87%)
USD 742.11 / t
|
|
Zinc
|
108.61 kt/yr
|
-
|
$304.1M (<1%)
≈ $2,800 / t
|
|
Nickel
|
30.2 kt/yr
|
-
|
$528.9M (<1%)
USD 17,514 / t
|
|
Thermal coal
|
15.04 mt/yr
|
-
|
$977.3M (<1%)
≈ $65 / t steam coal
|
|
Met coal
|
18.01 mt/yr
|
-
|
$3.6B (2%)
≈ $200 / t met coal
|
Commodity
Production
Reserves & Resources
Production value (est.)
Gold
550.58 koz/yr
-
$2.3B (1%)
USD 4,155.4 / oz
Commodity
Production
Reserves & Resources
Production value (est.)
Silver
14.77 moz/yr
-
$958.5M (<1%)
USD 64.88 / oz
Commodity
Production
Reserves & Resources
Production value (est.)
Copper
2 016.7 kt/yr
-
$20.2B (9%)
≈ $10,000 / t
Commodity
Production
Reserves & Resources
Production value (est.)
Uranium
6.95 mlb/yr
-
$597.6M (<1%)
USD 85.95 / lb
Commodity
Production
Reserves & Resources
Production value (est.)
Iron
262.98 mt/yr
-
$195.2B (87%)
USD 742.11 / t
Commodity
Production
Reserves & Resources
Production value (est.)
Zinc
108.61 kt/yr
-
$304.1M (<1%)
≈ $2,800 / t
Commodity
Production
Reserves & Resources
Production value (est.)
Nickel
30.2 kt/yr
-
$528.9M (<1%)
USD 17,514 / t
Commodity
Production
Reserves & Resources
Production value (est.)
Thermal coal
15.04 mt/yr
-
$977.3M (<1%)
≈ $65 / t steam coal
Commodity
Production
Reserves & Resources
Production value (est.)
Met coal
18.01 mt/yr
-
$3.6B (2%)
≈ $200 / t met coal
Portfolio Aggregate — Assumptions & Disclaimers
- When a Portfolio Aggregate row exists, individual asset rows are not summed into it — that would double-count.
- The aggregate typically comes from the annual reserves statement and may use a different effective date than individual asset rows.
- Production value (est.) is attributable annual production × the resolved commodity price (compact USD with an optional mix share in parentheses when multiple commodities contribute; short price label on the second line). Estimated lifetime is not shown on this table — use per-asset Oil & Gas sections for reserve life.
- Portfolio-level rollups are convenient for company-vs-company comparisons but can mask asset-level concentration risk: a single producing field or mine may account for the majority of the rollup figure.
Operating · 20 projects
Olympic Dam
Asset
Australia, South Australia
Gold
5/5
Copper
5/5
Mining
Type
Operating
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Facility kind:
-
Facility kind:
-
Licensed capacity:
11
Licensed capacity:
11
Capacity unit:
mt
Capacity unit:
mt
Capacity period:
Per Year
Capacity period:
Per Year
Capacity kind:
Nameplate
Capacity kind:
Nameplate
Description
As at 30 June 2025
Large polymetallic iron oxide-copper-uranium-gold underground mine 560 km northwest of Adelaide, 100%-owned, acquired with WMC in 2005. Nominal milling capacity raised to 11 Mtpa in 2023; underground automated train and trucking network; copper smelter and refinery on site (Special Mining Lease to 2036, 50-year extension right). Reserve metallurgical recoveries: Cu 94%, U3O8 65%, Au 71%, Ag 63%. Probable low-grade reserves of 43 Mt @ 0.84% Cu, 0.28 kg/t U3O8 additionally stated.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
12.92 moz
5/5
|
0.68 gpt
1/5
|
-
|
-
|
|
Copper
|
-
|
44 140 kt M&I; 16 700 kt Inferred
5/5
|
0.63%
2/5
|
-
|
-
|
|
Uranium
|
-
|
742.74 mlb
5/5
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
12.92 moz
5/5
0.68 gpt
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
44 140 kt M&I; 16 700 kt Inferred
5/5
0.63%
2/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Uranium
-
742.74 mlb
5/5
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Escondida
Asset · Ownership 57.5%
Chile, Antofagasta, Andean Porphyry Belt
Copper
5/5
GoldMining
Type
Operating
Status
🇨🇱 Chile, Antofagasta (Andean Porphyry Belt)
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
57.5
Ownership %:
57.5
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
World's largest copper mine (BHP 57.5%, operator). FY2025 production was the highest in 17 years (+16%) on record concentrator throughput, improved recoveries, higher feed grade (1.02% vs 0.88%) and first production from the Full SaL leaching project in Q4 FY25. FY2026 guidance reflects expected decline in concentrator feed grade. Reserves use variable cut-off grades by process route; metallurgical recoveries: Full SaL 76%, Sulphide 85%, Sulphide Leach 42%.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
102.18 kt/yr
3/5
|
49 070 kt M&I; 48 020 kt Inferred
5/5
|
0.57%
2/5
|
Unit Opex 1.35 USD/lb
|
reserves 25+ yrs
resources 25+ yrs
|
|
Gold
|
97.22 koz/yr
3/5
|
-
|
-
|
-
|
-
|
|
Silver
|
3.94 moz/yr
3/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
102.18 kt/yr
3/5
49 070 kt M&I; 48 020 kt Inferred
5/5
0.57%
2/5
Unit Opex 1.35 USD/lb
reserves 25+ yrs
resources 25+ yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
97.22 koz/yr
3/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
3.94 moz/yr
3/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Goonyella Complex
Asset · Ownership 50%
Australia, Bowen Basin, Queensland
Met coal
5/5
Mining
Type
Operating
Status
🇦🇺 Australia, Bowen Basin, Queensland
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
BMA open-cut steelmaking coal mine (BHP 50%). OC reserves shown (443 Mt; UG additionally 23 Mt, marketable 17 Mt); marketable OC reserves 323 Mt. UG coal resources shown (2,680 Mt; OC additionally 455 Mt). Broadmeadow UG within complex.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Met coal
|
5.84 mt/yr
3/5
|
2 155 mt M&I; 522 mt Inferred
5/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
5.84 mt/yr
3/5
2 155 mt M&I; 522 mt Inferred
5/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Saraji
Asset · Ownership 50%
Australia, Bowen Basin, Queensland
Met coal
5/5
Mining
Type
Operating
Status
🇦🇺 Australia, Bowen Basin, Queensland
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
BMA open-cut steelmaking coal mine (BHP 50%). Marketable reserves 166 Mt; ~1% secondary thermal product. OC coal resources shown (2,060 Mt); UG additionally 169 Mt.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Met coal
|
4.07 mt/yr
3/5
|
1 553 mt M&I; 500 mt Inferred
5/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
4.07 mt/yr
3/5
1 553 mt M&I; 500 mt Inferred
5/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Peak Downs
Asset · Ownership 50%
Australia, Bowen Basin, Queensland
Met coal
5/5
Mining
Type
Operating
Status
🇦🇺 Australia, Bowen Basin, Queensland
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
BMA open-cut steelmaking coal mine (BHP 50%). Marketable reserves 503 Mt; ~6% secondary thermal product.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Met coal
|
4.57 mt/yr
3/5
|
1 501 mt M&I; 310 mt Inferred
5/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
4.57 mt/yr
3/5
1 501 mt M&I; 310 mt Inferred
5/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Spence
Asset
Chile, Antofagasta, Andean Porphyry Belt
Copper
4/5
MolybdenumMining
Type
Operating
Status
🇨🇱 Chile, Antofagasta (Andean Porphyry Belt)
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
100%-owned open-pit copper operation in northern Chile (Pampa Norte). Record FY2025 production of 268 kt total copper (+5%) on improved stacked feed grade. FY2026 guidance reflects lower concentrator feed grades and more transitional ore. Metallurgical recoveries: Oxide 84%, Supergene Sulphide 81%, Transitional/Hypogene Cu 82% / Mo 55%.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
117 kt/yr
2/5
|
6 170 kt M&I; 3 070 kt Inferred
4/5
|
0.45%
1/5
|
Unit Opex 2.25 USD/lb
|
reserves 25+ yrs
resources 25+ yrs
|
|
Molybdenum
|
0.69 kt/yr
1/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
117 kt/yr
2/5
6 170 kt M&I; 3 070 kt Inferred
4/5
0.45%
1/5
Unit Opex 2.25 USD/lb
reserves 25+ yrs
resources 25+ yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Molybdenum
0.69 kt/yr
1/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Caval Ridge
Asset · Ownership 50%
Australia, Bowen Basin, Queensland
Met coal
4/5
Mining
Type
Operating
Status
🇦🇺 Australia, Bowen Basin, Queensland
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
BMA open-cut steelmaking coal mine (BHP 50%). Marketable reserves 128 Mt.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Met coal
|
3.53 mt/yr
3/5
|
446 mt M&I; 43 mt Inferred
4/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
3.53 mt/yr
3/5
446 mt M&I; 43 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Samarco
Asset · Ownership 50%
Brazil, Minas Gerais
Iron
4/5
Mining
Type
Operating
Status
🇧🇷 Brazil, Minas Gerais
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
No
Operator:
No
Operator name:
Samarco Mineração S.A.
Operator name:
Samarco Mineração S.A.
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
50%-owned iron ore operation in Brazil (equity accounted; operated by Samarco Mineração S.A.). FY2025 production +34% to 6.4 Mt (BHP share) following ramp-up of the second concentrator; FY2026 guidance 7.0-7.5 Mt with planned maintenance. Financial impacts of the Samarco dam failure are reported as exceptional items.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Iron
|
6.38 mt/yr
1/5
|
4 740 mt M&I; 420 mt Inferred
4/5
|
39.3%
2/5
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
6.38 mt/yr
1/5
4 740 mt M&I; 420 mt Inferred
4/5
39.3%
2/5
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Carrapateena
Asset
Australia, South Australia
Copper
3/5
Gold
2/5
Mining
Type
Operating
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
Underground copper-gold mine in South Australia (100%, acquired with OZ Minerals May 2023), part of Copper South Australia. Sub-level cave transitioning toward block cave potential; reserve NSR cut-offs A$43/t (block cave area) and A$60-110/t (SLC); recoveries Cu 92%, Au 77%, Ag 74%. FY2025 reserve decrease due to updated mine plan, macroeconomics and depletion.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
4 170 kt M&I; 870 kt Inferred
3/5
|
0.61%
2/5
|
-
|
-
|
|
Gold
|
-
|
2.19 moz
2/5
|
0.42 gpt
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
4 170 kt M&I; 870 kt Inferred
3/5
0.61%
2/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
2.19 moz
2/5
0.42 gpt
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Antamina
Asset · Ownership 33.75%
Peru, Áncash, Andean Porphyry Belt
Copper
3/5
Zinc
2/5
Mining
Type
Operating
Status
🇵🇪 Peru, Áncash (Andean Porphyry Belt)
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
33.75
Ownership %:
33.75
Operator:
No
Operator:
No
Operator name:
Compañía Minera Antamina S.A.
Operator name:
Compañía Minera Antamina S.A.
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
Large polymetallic copper-zinc open-pit mine in Peru; BHP holds 33.75% (equity accounted), operated by Compañía Minera Antamina S.A. FY2025 copper -17% on lower throughput and feed grade; zinc +5% on higher zinc feed grades. FY2025 reserve increase reflects infrastructure upgrades based on recent government approvals; underground sub-level-stoping inferred resources (432 Mt) also stated.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
118.9 kt/yr
2/5
|
4 950 kt M&I; 5 170 kt Inferred
3/5
|
0.85%
2/5
|
-
|
reserves 9.2 yrs
resources 25+ yrs
|
|
Zinc
|
108.61 kt/yr
2/5
|
2.87 mt
2/5
|
1.9%
1/5
|
-
|
reserves 9 yrs
|
|
Silver
|
4.16 moz/yr
3/5
|
-
|
-
|
-
|
-
|
|
Molybdenum
|
2.28 kt/yr
2/5
|
-
|
-
|
-
|
-
|
|
Lead
|
2.23 kt/yr
1/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
118.9 kt/yr
2/5
4 950 kt M&I; 5 170 kt Inferred
3/5
0.85%
2/5
-
reserves 9.2 yrs
resources 25+ yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Zinc
108.61 kt/yr
2/5
2.87 mt
2/5
1.9%
1/5
-
reserves 9 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
4.16 moz/yr
3/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Molybdenum
2.28 kt/yr
2/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Lead
2.23 kt/yr
1/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Antamina
|
🇵🇪 Peru, Ancash
|
1.66% NPI royalty on all metals produced from areas subject to our royalty interest at the Antamina mine.
|
Antamina
Location
Conditions
🇵🇪 Peru, Ancash
1.66% NPI royalty on all metals produced from areas subject to our royalty interest at the Antamina mine.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Antamina
|
🇵🇪 Peru, Ancash
|
Stream based on recovered silver from Teck's attributable 22.5% interest in Antamina, subject to fixed 90% payability; Ongoing payment of 5% of spot silver price; Stream reduces by one-third after 86 Moz Ag delivered.
|
|
|
Antamina
|
🇵🇪 Peru
|
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
|
Antamina
Location
Conditions
🇵🇪 Peru, Ancash
Stream based on recovered silver from Teck's attributable 22.5% interest in Antamina, subject to fixed 90% payability; Ongoing payment of 5% of spot silver price; Stream reduces by one-third after 86 Moz Ag delivered.
Location
Conditions
🇵🇪 Peru
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Mt Arthur Coal (NSWEC)
Asset
Australia, Hunter Valley, New South Wales
Thermal coal
2/5
Mining
Type
Operating
Status
🇦🇺 Australia, Hunter Valley, New South Wales
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
100%-owned open-cut energy coal mine in New South Wales. FY2025 production 15.04 Mt exceeded the top end of guidance despite wet weather; FY2026 guidance 14-16 Mt. Total reserves 100 Mt in situ (marketable 78 Mt at 5,780 kcal/kg CV); overall product recovery 70%. Mine continues toward planned closure (rehabilitation provisioning noted in OFR).
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Thermal coal
|
15.04 mt/yr
4/5
|
108 mt M&I; 4.8 mt Inferred
2/5
|
-
|
-
|
reserves 6.7 yrs
resources 7.5 yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Thermal coal
15.04 mt/yr
4/5
108 mt M&I; 4.8 mt Inferred
2/5
-
-
reserves 6.7 yrs
resources 7.5 yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Prominent Hill
Asset
Australia, South Australia
Gold
2/5
Copper
2/5
Mining
Type
Operating
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
Underground copper-gold mine in South Australia (100%, acquired with OZ Minerals May 2023), part of Copper South Australia. Reserve NSR cut-off A$92/t (A$65/t upper western area); metallurgical recoveries Cu 88%, Au 72%, Ag 72%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
-
|
1.01 moz
2/5
|
0.68 gpt
1/5
|
-
|
-
|
|
Copper
|
-
|
980 kt M&I; 460 kt Inferred
2/5
|
1.18%
3/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
1.01 moz
2/5
0.68 gpt
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
980 kt M&I; 460 kt Inferred
2/5
1.18%
3/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Carajás (Pedra Branca)
Asset
Brazil, Pará
Gold
1/5
Copper
1/5
Mining
Type
Operating
Status
🇧🇷 Brazil, Pará
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
100%-owned underground copper-gold operation in the Carajás region of Brazil (Pedra Branca deposit). FY2025 production 9.4 kt Cu and 7.3 koz Au. Reserve increase from updated resource estimate informed by additional drilling, partially offset by depletion; NSR cut-offs US$78.73-84.20/t; recoveries Cu 83-95%, Au 53-72%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
7.31 koz/yr
1/5
|
0.06 moz
1/5
|
0.49 gpt
1/5
|
-
|
reserves 8.1 yrs
|
|
Copper
|
9.4 kt/yr
1/5
|
210 kt M&I; 140 kt Inferred
1/5
|
1.41%
3/5
|
-
|
reserves 7.3 yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
7.31 koz/yr
1/5
0.06 moz
1/5
0.49 gpt
1/5
-
reserves 8.1 yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
9.4 kt/yr
1/5
210 kt M&I; 140 kt Inferred
1/5
1.41%
3/5
-
reserves 7.3 yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Area C Joint Venture
Asset · Ownership 85%
Australia, Pilbara, Western Australia
Iron
Mining
Type
Operating
Status
🇦🇺 Australia, Pilbara, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
85
Ownership %:
85
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
WAIO mining hub — production reported on share basis (85%); includes South Flank. Reserves and resources are reported at the WAIO Pilbara level by material type rather than per hub.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Iron
|
119.11 mt/yr
4/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
119.11 mt/yr
4/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Jimblebar
Asset · Ownership 85%
Australia, Pilbara, Western Australia
Iron
Mining
Type
Operating
Status
🇦🇺 Australia, Pilbara, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
85
Ownership %:
85
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
WAIO mining hub — production reported on 100% basis (BHP saleable interest 85%). Reserves and resources are reported at the WAIO Pilbara level by material type rather than per hub.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Iron
|
57.27 mt/yr
3/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
57.27 mt/yr
3/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Newman Joint Venture
Asset · Ownership 85%
Australia, Pilbara, Western Australia
Iron
Mining
Type
Operating
Status
🇦🇺 Australia, Pilbara, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
85
Ownership %:
85
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
WAIO mining hub — production reported on share basis (85%). Reserves and resources are reported at the WAIO Pilbara level by material type rather than per hub.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Iron
|
54.22 mt/yr
3/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
54.22 mt/yr
3/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Yandi Joint Venture
Asset · Ownership 85%
Australia, Pilbara, Western Australia
Iron
Mining
Type
Operating
Status
🇦🇺 Australia, Pilbara, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
85
Ownership %:
85
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
WAIO mining hub — production reported on share basis (85%). Reserves and resources are reported at the WAIO Pilbara level by material type rather than per hub.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Iron
|
15.89 mt/yr
2/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
15.89 mt/yr
2/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Western Australia Iron Ore (WAIO)
Play · Ownership 85%
Australia, Pilbara, Western Australia
Iron
5/5
Mining
Type
Operating
Status
🇦🇺 Australia, Pilbara, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Play or complex
Aggregation level:
Play or complex
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
85
Ownership %:
85
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
Integrated Pilbara iron ore hubs (Newman, Area C incl. South Flank, Yandi, Jimblebar) connected by a single rail-and-port logistics chain; BHP interest ~85% across JVs. FY2025 set a full-year production record of 257 Mt (290 Mt 100% basis) with record shipments, supported by Port Debottlenecking Project 1 and improved rail cycle times; South Flank exceeded 80 Mtpa nameplate in its first year post ramp-up. FY2026 guidance incorporates the Car Dumper 3 rebuild and Rail Technology Programme tie-ins. R&R reported on a Pilbara basis by material type (BKM, CID, DID, MM); wet tonnes.
Mining metrics
Multiple effective dates · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Iron
|
256.6 mt/yr
5/5
|
8 300 mt M&I; 11 400 mt Inferred
5/5
|
59.4%
4/5
|
Unit Opex 19 USD/t
|
reserves 8.1 yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
256.6 mt/yr
5/5
8 300 mt M&I; 11 400 mt Inferred
5/5
59.4%
4/5
Unit Opex 19 USD/t
reserves 8.1 yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Copper South Australia
Play
Australia, South Australia
GoldSilver
Mining
Type
Operating
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Play or complex
Aggregation level:
Play or complex
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
Integrated South Australian copper province combining Olympic Dam (smelter/refinery hub), Prominent Hill and Carrapateena (acquired with OZ Minerals, 2 May 2023). FY2025 copper production of 316 kt (-2%) reflecting a two-week weather-related power outage in Q2. FY2026 unit cost guidance assumes by-product prices of gold US$2,900/oz and uranium US$70/lb.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Gold
|
188.66 koz/yr
3/5
|
-
|
-
|
-
|
-
|
|
Silver
|
0.91 moz/yr
1/5
|
-
|
-
|
-
|
-
|
|
Copper
|
214 kt/yr
3/5
|
-
|
-
|
Unit Opex 1.25 USD/lb
|
-
|
|
Uranium
|
6.95 mlb/yr
4/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
188.66 koz/yr
3/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
0.91 moz/yr
1/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
214 kt/yr
3/5
-
-
Unit Opex 1.25 USD/lb
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Uranium
6.95 mlb/yr
4/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
BHP Mitsubishi Alliance (BMA)
Play · Ownership 50%
Australia, Bowen Basin, Queensland
Met coal
Mining
Type
Operating
Status
🇦🇺 Australia, Bowen Basin, Queensland
Country
Project information
As at 30 June 2025
Aggregation level:
Play or complex
Aggregation level:
Play or complex
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
50:50 steelmaking coal alliance with Mitsubishi in Queensland's Bowen Basin (Goonyella Riverside, Peak Downs, Saraji, Caval Ridge). FY2025 production 18 Mt (BHP share), -19% on the Blackwater/Daunia divestment completed 2 April 2024 (+5% excluding it, on improved truck productivity). FY2026 guidance 18-20 Mt (36-40 Mt 100% basis), H2-weighted, with unit costs of US$116-128/t (AUD/USD 0.65). Queensland royalty regime cited as constraining long-life capital investment.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Met coal
|
18.01 mt/yr
4/5
|
-
|
-
|
Unit Opex 122 USD/t
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
18.01 mt/yr
4/5
-
-
Unit Opex 122 USD/t
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Construction · 1 project
Jansen
Asset · Construction
Canada, Saskatchewan
Potash
5/5
Mining
Type
Construction
Status
🇨🇦 Canada, Saskatchewan
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Facility kind:
-
Facility kind:
-
Licensed capacity:
4.15
Licensed capacity:
4.15
Capacity unit:
mt
Capacity unit:
mt
Capacity period:
Per Year
Capacity period:
Per Year
Capacity kind:
Nameplate
Capacity kind:
Nameplate
Description
As at 30 June 2025
100%-owned potash project in Saskatchewan. Jansen Stage 1 (4.15 Mtpa) is 68% complete; capex estimate increased from US$5.7B to US$7.0-7.4B (including contingencies) with first production reverting to the original mid-CY2027 schedule. Jansen Stage 2 (incremental 4.36 Mtpa) is 11% complete; execution extended two years with first production shifting from FY2029 to FY2031; JS2 capex under review. Reserves/resources stated for the Lower Patience Lake unit; reserve metallurgical recovery 88%; %K2O equivalent to %KCl using factor 1.583.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Potash
|
-
|
1 338.9 mt M&I; 327.7 mt Inferred
5/5
|
25.6%
5/5
|
Capex Guidance 7 200 B USD
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Potash
-
1 338.9 mt M&I; 327.7 mt Inferred
5/5
25.6%
5/5
Capex Guidance 7 200 B USD
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Development · 12 projects
Babel
Asset · Development
Australia, Western Australia
Nickel
4/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel project deposit (100%); West Musgrave/Nickel West portfolio in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
814 kt M&I; 186 kt Inferred
4/5
|
0.28%
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
814 kt M&I; 186 kt Inferred
4/5
0.28%
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Honeymoon Well
Asset · Development
Australia, Western Australia
Nickel
4/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel project deposit (100%); West Musgrave/Nickel West portfolio in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
922 kt M&I; 43 kt Inferred
4/5
|
0.62%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
922 kt M&I; 43 kt Inferred
4/5
0.62%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Oak Dam
Asset · Development
Australia, South Australia
Copper
4/5
Mining
Type
Development
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (UG Sulphide material type), BHP interest 100%.
Mining metrics
As at 30 June 2025
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
8 840 kt; 8 840 kt Inferred
4/5
|
0.66%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
8 840 kt; 8 840 kt Inferred
4/5
0.66%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Yakabindie
Asset · Development
Australia, Western Australia
Nickel
4/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel project deposit (100%); West Musgrave/Nickel West portfolio in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
1 416 kt M&I; 903 kt Inferred
4/5
|
0.61%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
1 416 kt M&I; 903 kt Inferred
4/5
0.61%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Filo del Sol
Asset · Development · Ownership 50%
Argentina, San Juan
Copper
4/5
Mining
Type
Development
Status
🇦🇷 Argentina, San Juan
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (Sulphide material type), BHP interest 50%. Held 50% through the Vicuña joint venture (equity accounted); additional copper-oxide, gold-oxide and silver-oxide resources are stated (765 Mt, 961 Mt and 149 Mt respectively). First reported FY2025.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
6 430 kt M&I; 22 500 kt Inferred
4/5
|
0.54%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
6 430 kt M&I; 22 500 kt Inferred
4/5
0.54%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Saraji South
Asset · Development · Ownership 50%
Australia, Bowen Basin, Queensland
Met coal
4/5
Mining
Type
Development
Status
🇦🇺 Australia, Bowen Basin, Queensland
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Surface
Extraction:
Surface
Description
As at 30 June 2025
BMA steelmaking coal deposit adjacent to Saraji (BHP 50%). Total reserves 53 Mt (marketable 34 Mt).
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Met coal
|
-
|
385 mt M&I; 52 mt Inferred
4/5
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
-
385 mt M&I; 52 mt Inferred
4/5
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Josemaria
Asset · Development · Ownership 50%
Argentina, San Juan
Copper
3/5
Mining
Type
Development
Status
🇦🇷 Argentina, San Juan
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
50
Ownership %:
50
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (Sulphide material type), BHP interest 50%. Held 50% through the Vicuña joint venture (equity accounted). First reported FY2025.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
4 640 kt M&I; 1 620 kt Inferred
3/5
|
0.25%
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
4 640 kt M&I; 1 620 kt Inferred
3/5
0.25%
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Josemaria
|
🇦🇷 Argentina, San Juan
|
Right to acquire portion of 0.5% NPI for 10-year period
|
Location
Conditions
🇦🇷 Argentina, San Juan
Right to acquire portion of 0.5% NPI for 10-year period
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Fremantle Doctor
Asset · Development
Australia, South Australia
Copper
2/5
Mining
Type
Development
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (UG Sulphide material type), BHP interest 100%.
Mining metrics
As at 30 June 2025
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
510 kt; 510 kt Inferred
2/5
|
0.51%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
510 kt; 510 kt Inferred
2/5
0.51%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Jericho
Asset · Development
Australia, Western Australia
Nickel
2/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel project deposit (100%); West Musgrave/Nickel West portfolio in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
140 kt M&I; 435 kt Inferred
2/5
|
0.54%
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
140 kt M&I; 435 kt Inferred
2/5
0.54%
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Nebo
Asset · Development
Australia, Western Australia
Nickel
2/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel project deposit (100%); West Musgrave/Nickel West portfolio in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
167 kt M&I; 4 kt Inferred
2/5
|
0.34%
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
167 kt M&I; 4 kt Inferred
2/5
0.34%
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Pantera
Asset · Development
Australia, Western Australia
Copper
1/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (OC Sulphide material type), BHP interest 100%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
370 kt M&I; 50 kt Inferred
1/5
|
1.15%
3/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
370 kt M&I; 50 kt Inferred
1/5
1.15%
3/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Succoth
Asset · Development
Australia, Western Australia
Copper
1/5
Mining
Type
Development
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (OC Sulphide material type), BHP interest 100%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
350 kt M&I; 300 kt Inferred
1/5
|
0.57%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
350 kt M&I; 300 kt Inferred
1/5
0.57%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Exploration · 3 projects
Pampa Escondida
Asset · Exploration · Ownership 57.5%
Chile, Antofagasta
Copper
4/5
Mining
Type
Exploration
Status
🇨🇱 Chile, Antofagasta
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
57.5
Ownership %:
57.5
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (Sulphide material type), BHP interest 57.5%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
7 890 kt M&I; 23 760 kt Inferred
4/5
|
0.55%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
7 890 kt M&I; 23 760 kt Inferred
4/5
0.55%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Chimborazo
Asset · Exploration · Ownership 57.5%
Chile, Antofagasta
Copper
2/5
Mining
Type
Exploration
Status
🇨🇱 Chile, Antofagasta
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
57.5
Ownership %:
57.5
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (Sulphide material type), BHP interest 57.5%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
680 kt M&I; 480 kt Inferred
2/5
|
0.5%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
680 kt M&I; 480 kt Inferred
2/5
0.5%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Pinta Verde
Asset · Exploration · Ownership 57.5%
Chile, Antofagasta
Copper
2/5
Mining
Type
Exploration
Status
🇨🇱 Chile, Antofagasta
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
57.5
Ownership %:
57.5
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Copper project (Oxide material type), BHP interest 57.5%.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
940 kt M&I; 80 kt Inferred
2/5
|
0.59%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
940 kt M&I; 80 kt Inferred
2/5
0.59%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Suspended · 4 projects
Leinster
Asset · Suspended
Australia, Western Australia
Nickel
4/5
Mining
Type
Suspended
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel deposit (100%); operations in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
704 kt M&I; 328 kt Inferred
4/5
|
0.57%
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
704 kt M&I; 328 kt Inferred
4/5
0.57%
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Mt Keith
Asset · Suspended
Australia, Western Australia
Nickel
4/5
Mining
Type
Suspended
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
[Identity row — full extraction queued for supplement pass] Western Australia Nickel deposit (100%); operations in temporary suspension since December 2024.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
-
|
1 061 kt M&I; 125 kt Inferred
4/5
|
0.54%
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
-
1 061 kt M&I; 125 kt Inferred
4/5
0.54%
1/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Mt Keith
|
🇦🇺 Australia, Australia
|
Australia | Operator: BHP Group Limited | Metals: Ni | Royalty: NPI: 0.25% / GR: 0.375%
|
Mt Keith
Location
Conditions
🇦🇺 Australia, Australia
Australia | Operator: BHP Group Limited | Metals: Ni | Royalty: NPI: 0.25% / GR: 0.375%
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Cerro Colorado
Asset · Suspended
Chile, Tarapacá, Andean Porphyry Belt
Copper
2/5
Mining
Type
Suspended
Status
🇨🇱 Chile, Tarapacá (Andean Porphyry Belt)
Country
Project information
As at 30 June 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Open Pit
Extraction:
Open Pit
Description
As at 30 June 2025
100%-owned copper operation in northern Chile, in temporary care and maintenance since December 2023 (contributed 11 kt in FY2024). Mineral resources remain stated across oxide, supergene, transitional and hypogene sulphide material types.
Mining metrics
As at 30 June 2025 · inclusive
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Copper
|
-
|
1 110 kt M&I; 6 120 kt Inferred
2/5
|
0.62%
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
1 110 kt M&I; 6 120 kt Inferred
2/5
0.62%
2/5
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Western Australia Nickel
Play · Suspended
Australia, Western Australia
NickelCobalt
Mining
Type
Suspended
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
Play or complex
Aggregation level:
Play or complex
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Description
As at 30 June 2025
Nickel West operations (Mt Keith, Leinster mines; Kalgoorlie smelter 110 ktpa matte; Kwinana refinery 82.5 ktpa metal; Kambalda concentrator 1.6 Mtpa) and the West Musgrave project, all transitioned into temporary suspension in December 2024 amid nickel market surplus. FY2025 saleable production 30.2 kt nickel and 450 t cobalt before suspension.
Mining metrics
Multiple effective dates
| Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime |
|---|---|---|---|---|---|
|
Nickel
|
30.2 kt/yr
3/5
|
-
|
-
|
-
|
-
|
|
Cobalt
|
0.45 kt/yr
1/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Nickel
30.2 kt/yr
3/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Cobalt
0.45 kt/yr
1/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
21
Operating projects
1
Construction project
12
Development projects
3
Exploration projects
4
Suspended projects
Portfolio Summary
Production from Portfolio Aggregate; Reserves & Resources estimated from projects · Multiple effective dates
| Commodity | |||
|---|---|---|---|
| Production (rating) | Reserves & Resources (rating) | Production value (est.) | |
|
Gold
|
550.58 koz/yr
5/5
|
16.18 moz
5/5
est. from 4 of 5 projects
|
$2.3B (1%)
USD 4,155.4 / oz
|
|
Silver
|
14.77 moz/yr
5/5
|
-
|
$958.5M (<1%)
USD 64.88 / oz
|
|
Copper
|
2 016.7 kt/yr
5/5
|
107 739.12 kt M&I; 92 460.38 kt Inferred
5/5
est. from projects
|
$20.2B (9%)
≈ $10,000 / t
|
|
Uranium
|
6.95 mlb/yr
4/5
|
742.74 mlb
5/5
est. from projects
|
$597.6M (<1%)
USD 85.95 / lb
|
|
Iron
|
262.98 mt/yr
5/5
|
2 370 mt M&I; 210 mt Inferred
4/5
est. from 1 of 5 projects
|
$195.2B (87%)
USD 742.11 / t
|
|
Zinc
|
108.61 kt/yr
2/5
|
0.97 mt
1/5
est. from projects
|
$304.1M (<1%)
≈ $2,800 / t
|
|
Nickel
|
30.2 kt/yr
3/5
|
5 224 kt M&I; 2 024 kt Inferred
5/5
est. from projects
|
$528.9M (<1%)
USD 17,514 / t
|
|
Thermal coal
|
15.04 mt/yr
4/5
|
108 mt M&I; 4.8 mt Inferred
2/5
est. from projects
|
$977.3M (<1%)
≈ $65 / t steam coal
|
|
Met coal
|
18.01 mt/yr
4/5
|
3 020 mt M&I; 713.5 mt Inferred
5/5
est. from projects
|
$3.6B (2%)
≈ $200 / t met coal
|
Gold
Production (rating)
Reserves & Resources (rating)
Production value (est.)
550.58 koz/yr
5/5
16.18 moz
5/5
est. from 4 of 5 projects
$2.3B (1%)
USD 4,155.4 / oz
Silver
Production (rating)
Reserves & Resources (rating)
Production value (est.)
14.77 moz/yr
5/5
-
$958.5M (<1%)
USD 64.88 / oz
Copper
Production (rating)
Reserves & Resources (rating)
Production value (est.)
2 016.7 kt/yr
5/5
107 739.12 kt M&I; 92 460.38 kt Inferred
5/5
est. from projects
$20.2B (9%)
≈ $10,000 / t
Uranium
Production (rating)
Reserves & Resources (rating)
Production value (est.)
6.95 mlb/yr
4/5
742.74 mlb
5/5
est. from projects
$597.6M (<1%)
USD 85.95 / lb
Iron
Production (rating)
Reserves & Resources (rating)
Production value (est.)
262.98 mt/yr
5/5
2 370 mt M&I; 210 mt Inferred
4/5
est. from 1 of 5 projects
$195.2B (87%)
USD 742.11 / t
Zinc
Production (rating)
Reserves & Resources (rating)
Production value (est.)
108.61 kt/yr
2/5
0.97 mt
1/5
est. from projects
$304.1M (<1%)
≈ $2,800 / t
Nickel
Production (rating)
Reserves & Resources (rating)
Production value (est.)
30.2 kt/yr
3/5
5 224 kt M&I; 2 024 kt Inferred
5/5
est. from projects
$528.9M (<1%)
USD 17,514 / t
Thermal coal
Production (rating)
Reserves & Resources (rating)
Production value (est.)
15.04 mt/yr
4/5
108 mt M&I; 4.8 mt Inferred
2/5
est. from projects
$977.3M (<1%)
≈ $65 / t steam coal
Met coal
Production (rating)
Reserves & Resources (rating)
Production value (est.)
18.01 mt/yr
4/5
3 020 mt M&I; 713.5 mt Inferred
5/5
est. from projects
$3.6B (2%)
≈ $200 / t met coal
Portfolio Summary — Assumptions & Disclaimers
- Figures marked “est. from projects” are rolled up from individual project disclosures (asset-level rows, or a play/complex row where no asset-level figure exists) rather than taken from the issuer’s consolidated Portfolio Aggregate. A single aggregation tier is used per commodity to avoid double-counting a complex against its own assets, so these totals are estimates and may differ from an issuer-reported consolidated figure.
- Estimated reserves & resources sum only projects that disclose them. Where a project carrying the commodity reports no reserve/resource base it is excluded, so the total may understate the portfolio. Incomplete coverage: Gold (4 of 5 projects), Iron (1 of 5 projects).
Production centres & complexes · 4 projects
Multiple effective dates · inclusive
| Project | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Location | Status | Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime | ||
|
|
Ownership 50.0% WI
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
18.01 mt/yr
4/5
|
-
|
-
|
Unit Opex 122 USD/t
|
-
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
188.66 koz/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
Silver
|
0.91 moz/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Copper
|
214 kt/yr
3/5
|
-
|
-
|
Unit Opex 1.25 USD/lb
|
-
|
|
|
|
|
|
Uranium
|
6.95 mlb/yr
4/5
|
-
|
-
|
-
|
-
|
|
|
Ownership 85.0% WI
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
256.6 mt/yr
5/5
|
8 300 mt M&I; 11 400 mt Inferred
5/5
|
59.4%
4/5
|
Unit Opex 19 USD/t
|
reserves 8.1 yrs
resources 25+ yrs
|
|
|
🇦🇺 Australia
Western Australia
|
Suspended
|
Nickel
|
30.2 kt/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
Cobalt
|
0.45 kt/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Gold
|
188.66 koz/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Silver
|
0.91 moz/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Copper
|
214 kt/yr
Est. revenue 1%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Uranium
|
6.95 mlb/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Iron
|
256.6 mt/yr
Est. revenue 96%
|
7 055 mt; 9 690 mt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Nickel
|
30.2 kt/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Cobalt
|
0.45 kt/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Met coal
|
18.01 mt/yr
Est. revenue 2%
|
-
|
-
|
-
|
-
|
Ownership 50.0% WI
🇦🇺 Australia
Bowen Basin, Queensland
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Met coal
18.01 mt/yr
4/5
-
-
Unit Opex 122 USD/t
-
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
188.66 koz/yr
3/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
0.91 moz/yr
1/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
214 kt/yr
3/5
-
-
Unit Opex 1.25 USD/lb
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Uranium
6.95 mlb/yr
4/5
-
-
-
-
Ownership 85.0% WI
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
256.6 mt/yr
5/5
8 300 mt M&I; 11 400 mt Inferred
5/5
59.4%
4/5
Unit Opex 19 USD/t
reserves 8.1 yrs
resources 25+ yrs
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Suspended
Nickel
30.2 kt/yr
3/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Cobalt
0.45 kt/yr
1/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Gold
188.66 koz/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Silver
0.91 moz/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Copper
214 kt/yr
Est. revenue 1%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Uranium
6.95 mlb/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Iron
256.6 mt/yr
Est. revenue 96%
7 055 mt; 9 690 mt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Nickel
30.2 kt/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Cobalt
0.45 kt/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Met coal
18.01 mt/yr
Est. revenue 2%
-
-
-
-
Production centres & complexes · 4 projects — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Mining metrics · 36 projects
Multiple effective dates · inclusive
| Project | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Location | Status | Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime | ||
|
★
|
Ownership 57.5% WI
|
🇨🇱 Chile
Antofagasta
|
Operating
|
Copper
|
102.18 kt/yr
3/5
|
49 070 kt M&I; 48 020 kt Inferred
5/5
|
0.57%
2/5
|
Unit Opex 1.35 USD/lb
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
|
|
|
Gold
|
97.22 koz/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Silver
|
3.94 moz/yr
3/5
|
-
|
-
|
-
|
-
|
|
★
|
Ownership 50.0% WI
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
5.84 mt/yr
3/5
|
2 155 mt M&I; 522 mt Inferred
5/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
★
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
-
|
12.92 moz
5/5
|
0.68 gpt
1/5
|
-
|
-
|
|
|
|
|
|
|
Copper
|
-
|
44 140 kt M&I; 16 700 kt Inferred
5/5
|
0.63%
2/5
|
-
|
-
|
|
|
|
|
|
Uranium
|
-
|
742.74 mlb
5/5
|
-
|
-
|
-
|
|
★
|
Ownership 50.0% WI
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
4.07 mt/yr
3/5
|
1 553 mt M&I; 500 mt Inferred
5/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
Ownership 33.8% WI
|
🇵🇪 Peru
Áncash
|
Operating
|
Copper
|
118.9 kt/yr
2/5
|
4 950 kt M&I; 5 170 kt Inferred
3/5
|
0.85%
2/5
|
-
|
reserves 9.2 yrs
resources 25+ yrs
|
|
|
|
|
|
Zinc
|
108.61 kt/yr
2/5
|
2.87 mt
2/5
|
1.9%
1/5
|
-
|
reserves 9 yrs
|
|
|
|
|
|
Silver
|
4.16 moz/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Molybdenum
|
2.28 kt/yr
2/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Lead
|
2.23 kt/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
Ownership 85.0% WI
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
119.11 mt/yr
4/5
|
-
|
-
|
-
|
-
|
|
|
🇧🇷 Brazil
Pará
|
Operating
|
Gold
|
7.31 koz/yr
1/5
|
0.06 moz
1/5
|
0.49 gpt
1/5
|
-
|
reserves 8.1 yrs
|
|
|
|
|
|
|
Copper
|
9.4 kt/yr
1/5
|
210 kt M&I; 140 kt Inferred
1/5
|
1.41%
3/5
|
-
|
reserves 7.3 yrs
resources 25+ yrs
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Copper
|
-
|
4 170 kt M&I; 870 kt Inferred
3/5
|
0.61%
2/5
|
-
|
-
|
|
|
|
|
|
|
Gold
|
-
|
2.19 moz
2/5
|
0.42 gpt
1/5
|
-
|
-
|
|
|
Ownership 50.0% WI
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
3.53 mt/yr
3/5
|
446 mt M&I; 43 mt Inferred
4/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
Ownership 85.0% WI
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
57.27 mt/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
🇦🇺 Australia
Hunter Valley, New South Wales
|
Operating
|
Thermal coal
|
15.04 mt/yr
4/5
|
108 mt M&I; 4.8 mt Inferred
2/5
|
-
|
-
|
reserves 6.7 yrs
resources 7.5 yrs
|
|
|
|
Ownership 85.0% WI
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
54.22 mt/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
Ownership 50.0% WI
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
4.57 mt/yr
3/5
|
1 501 mt M&I; 310 mt Inferred
5/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
-
|
1.01 moz
2/5
|
0.68 gpt
1/5
|
-
|
-
|
|
|
|
|
|
|
Copper
|
-
|
980 kt M&I; 460 kt Inferred
2/5
|
1.18%
3/5
|
-
|
-
|
|
|
Ownership 50.0% WI
|
🇧🇷 Brazil
Minas Gerais
|
Operating
|
Iron
|
6.38 mt/yr
1/5
|
4 740 mt M&I; 420 mt Inferred
4/5
|
39.3%
2/5
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
🇨🇱 Chile
Antofagasta
|
Operating
|
Copper
|
117 kt/yr
2/5
|
6 170 kt M&I; 3 070 kt Inferred
4/5
|
0.45%
1/5
|
Unit Opex 2.25 USD/lb
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
|
|
|
|
Molybdenum
|
0.69 kt/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
Ownership 85.0% WI
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
15.89 mt/yr
2/5
|
-
|
-
|
-
|
-
|
|
★
|
🇨🇦 Canada
Saskatchewan
|
Construction
|
Potash
|
-
|
1 338.9 mt M&I; 327.7 mt Inferred
5/5
|
25.6%
5/5
|
Capex Guidance 7 200 B USD
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Nickel
|
-
|
814 kt M&I; 186 kt Inferred
4/5
|
0.28%
1/5
|
-
|
-
|
|
|
|
Ownership 50.0% WI
|
🇦🇷 Argentina
San Juan
|
Development
|
Copper
|
-
|
6 430 kt M&I; 22 500 kt Inferred
4/5
|
0.54%
2/5
|
-
|
-
|
|
|
🇦🇺 Australia
South Australia
|
Development
|
Copper
|
-
|
510 kt; 510 kt Inferred
2/5
|
0.51%
2/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Nickel
|
-
|
922 kt M&I; 43 kt Inferred
4/5
|
0.62%
2/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Nickel
|
-
|
140 kt M&I; 435 kt Inferred
2/5
|
0.54%
1/5
|
-
|
-
|
|
|
|
Ownership 50.0% WI
|
🇦🇷 Argentina
San Juan
|
Development
|
Copper
|
-
|
4 640 kt M&I; 1 620 kt Inferred
3/5
|
0.25%
1/5
|
-
|
-
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Nickel
|
-
|
167 kt M&I; 4 kt Inferred
2/5
|
0.34%
1/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
South Australia
|
Development
|
Copper
|
-
|
8 840 kt; 8 840 kt Inferred
4/5
|
0.66%
2/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Copper
|
-
|
370 kt M&I; 50 kt Inferred
1/5
|
1.15%
3/5
|
-
|
-
|
|
|
|
Ownership 50.0% WI
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Development
|
Met coal
|
-
|
385 mt M&I; 52 mt Inferred
4/5
|
-
|
-
|
-
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Copper
|
-
|
350 kt M&I; 300 kt Inferred
1/5
|
0.57%
2/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Development
|
Nickel
|
-
|
1 416 kt M&I; 903 kt Inferred
4/5
|
0.61%
2/5
|
-
|
-
|
|
|
|
Ownership 57.5% WI
|
🇨🇱 Chile
Antofagasta
|
Exploration
|
Copper
|
-
|
680 kt M&I; 480 kt Inferred
2/5
|
0.5%
2/5
|
-
|
-
|
|
|
Ownership 57.5% WI
|
🇨🇱 Chile
Antofagasta
|
Exploration
|
Copper
|
-
|
7 890 kt M&I; 23 760 kt Inferred
4/5
|
0.55%
2/5
|
-
|
-
|
|
|
Ownership 57.5% WI
|
🇨🇱 Chile
Antofagasta
|
Exploration
|
Copper
|
-
|
940 kt M&I; 80 kt Inferred
2/5
|
0.59%
2/5
|
-
|
-
|
|
|
🇨🇱 Chile
Tarapacá
|
Suspended
|
Copper
|
-
|
1 110 kt M&I; 6 120 kt Inferred
2/5
|
0.62%
2/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Suspended
|
Nickel
|
-
|
704 kt M&I; 328 kt Inferred
4/5
|
0.57%
1/5
|
-
|
-
|
|
|
|
🇦🇺 Australia
Western Australia
|
Suspended
|
Nickel
|
-
|
1 061 kt M&I; 125 kt Inferred
4/5
|
0.54%
1/5
|
-
|
-
|
|
|
|
|
|
|
Σ Copper
|
347.48 kt/yr
Est. revenue 2%
|
107 739.12 kt; 92 460.38 kt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Gold
|
104.52 koz/yr
Est. revenue 0%
|
16.18 moz
|
-
|
-
|
-
|
|
|
|
|
|
Σ Silver
|
8.11 moz/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Uranium
|
-
|
742.74 mlb
|
-
|
-
|
-
|
|
|
|
|
|
Σ Iron
|
252.87 mt/yr
Est. revenue 95%
|
2 370 mt; 210 mt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Molybdenum
|
2.97 kt/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Zinc
|
108.61 kt/yr
Est. revenue 0%
|
0.97 mt
|
-
|
-
|
-
|
|
|
|
|
|
Σ Lead
|
2.23 kt/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Nickel
|
-
|
5 224 kt; 2 024 kt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Thermal coal
|
15.04 mt/yr
Est. revenue 0%
|
108 mt; 4.8 mt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Met coal
|
18.01 mt/yr
Est. revenue 2%
|
3 020 mt; 713.5 mt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Potash
|
-
|
1 338.9 mt; 327.7 mt Inferred
|
-
|
-
|
-
|
★
Ownership 57.5% WI
🇨🇱 Chile
Antofagasta
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Copper
102.18 kt/yr
3/5
49 070 kt M&I; 48 020 kt Inferred
5/5
0.57%
2/5
Unit Opex 1.35 USD/lb
reserves 25+ yrs
resources 25+ yrs
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
97.22 koz/yr
3/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
3.94 moz/yr
3/5
-
-
-
-
★
Ownership 50.0% WI
🇦🇺 Australia
Bowen Basin, Queensland
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Met coal
5.84 mt/yr
3/5
2 155 mt M&I; 522 mt Inferred
5/5
-
-
reserves 25+ yrs
resources 25+ yrs
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
-
12.92 moz
5/5
0.68 gpt
1/5
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
44 140 kt M&I; 16 700 kt Inferred
5/5
0.63%
2/5
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Uranium
-
742.74 mlb
5/5
-
-
-
★
Ownership 50.0% WI
🇦🇺 Australia
Bowen Basin, Queensland
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Met coal
4.07 mt/yr
3/5
1 553 mt M&I; 500 mt Inferred
5/5
-
-
reserves 25+ yrs
resources 25+ yrs
Ownership 33.8% WI
🇵🇪 Peru
Áncash
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Copper
118.9 kt/yr
2/5
4 950 kt M&I; 5 170 kt Inferred
3/5
0.85%
2/5
-
reserves 9.2 yrs
resources 25+ yrs
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Zinc
108.61 kt/yr
2/5
2.87 mt
2/5
1.9%
1/5
-
reserves 9 yrs
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
4.16 moz/yr
3/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Molybdenum
2.28 kt/yr
2/5
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Lead
2.23 kt/yr
1/5
-
-
-
-
Ownership 85.0% WI
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
119.11 mt/yr
4/5
-
-
-
-
🇧🇷 Brazil
Pará
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
7.31 koz/yr
1/5
0.06 moz
1/5
0.49 gpt
1/5
-
reserves 8.1 yrs
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
9.4 kt/yr
1/5
210 kt M&I; 140 kt Inferred
1/5
1.41%
3/5
-
reserves 7.3 yrs
resources 25+ yrs
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Copper
-
4 170 kt M&I; 870 kt Inferred
3/5
0.61%
2/5
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
2.19 moz
2/5
0.42 gpt
1/5
-
-
Ownership 50.0% WI
🇦🇺 Australia
Bowen Basin, Queensland
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Met coal
3.53 mt/yr
3/5
446 mt M&I; 43 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
Ownership 85.0% WI
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
57.27 mt/yr
3/5
-
-
-
-
🇦🇺 Australia
Hunter Valley, New South Wales
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Thermal coal
15.04 mt/yr
4/5
108 mt M&I; 4.8 mt Inferred
2/5
-
-
reserves 6.7 yrs
resources 7.5 yrs
Ownership 85.0% WI
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
54.22 mt/yr
3/5
-
-
-
-
Ownership 50.0% WI
🇦🇺 Australia
Bowen Basin, Queensland
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Met coal
4.57 mt/yr
3/5
1 501 mt M&I; 310 mt Inferred
5/5
-
-
reserves 25+ yrs
resources 25+ yrs
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
-
1.01 moz
2/5
0.68 gpt
1/5
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
980 kt M&I; 460 kt Inferred
2/5
1.18%
3/5
-
-
Ownership 50.0% WI
🇧🇷 Brazil
Minas Gerais
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
6.38 mt/yr
1/5
4 740 mt M&I; 420 mt Inferred
4/5
39.3%
2/5
-
reserves 25+ yrs
resources 25+ yrs
🇨🇱 Chile
Antofagasta
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Copper
117 kt/yr
2/5
6 170 kt M&I; 3 070 kt Inferred
4/5
0.45%
1/5
Unit Opex 2.25 USD/lb
reserves 25+ yrs
resources 25+ yrs
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Molybdenum
0.69 kt/yr
1/5
-
-
-
-
Ownership 85.0% WI
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
15.89 mt/yr
2/5
-
-
-
-
★
🇨🇦 Canada
Saskatchewan
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Construction
Potash
-
1 338.9 mt M&I; 327.7 mt Inferred
5/5
25.6%
5/5
Capex Guidance 7 200 B USD
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Nickel
-
814 kt M&I; 186 kt Inferred
4/5
0.28%
1/5
-
-
Ownership 50.0% WI
🇦🇷 Argentina
San Juan
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Copper
-
6 430 kt M&I; 22 500 kt Inferred
4/5
0.54%
2/5
-
-
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Copper
-
510 kt; 510 kt Inferred
2/5
0.51%
2/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Nickel
-
922 kt M&I; 43 kt Inferred
4/5
0.62%
2/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Nickel
-
140 kt M&I; 435 kt Inferred
2/5
0.54%
1/5
-
-
Ownership 50.0% WI
🇦🇷 Argentina
San Juan
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Copper
-
4 640 kt M&I; 1 620 kt Inferred
3/5
0.25%
1/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Nickel
-
167 kt M&I; 4 kt Inferred
2/5
0.34%
1/5
-
-
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Copper
-
8 840 kt; 8 840 kt Inferred
4/5
0.66%
2/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Copper
-
370 kt M&I; 50 kt Inferred
1/5
1.15%
3/5
-
-
Ownership 50.0% WI
🇦🇺 Australia
Bowen Basin, Queensland
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Met coal
-
385 mt M&I; 52 mt Inferred
4/5
-
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Copper
-
350 kt M&I; 300 kt Inferred
1/5
0.57%
2/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Development
Nickel
-
1 416 kt M&I; 903 kt Inferred
4/5
0.61%
2/5
-
-
Ownership 57.5% WI
🇨🇱 Chile
Antofagasta
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Exploration
Copper
-
680 kt M&I; 480 kt Inferred
2/5
0.5%
2/5
-
-
Ownership 57.5% WI
🇨🇱 Chile
Antofagasta
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Exploration
Copper
-
7 890 kt M&I; 23 760 kt Inferred
4/5
0.55%
2/5
-
-
Ownership 57.5% WI
🇨🇱 Chile
Antofagasta
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Exploration
Copper
-
940 kt M&I; 80 kt Inferred
2/5
0.59%
2/5
-
-
🇨🇱 Chile
Tarapacá
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Suspended
Copper
-
1 110 kt M&I; 6 120 kt Inferred
2/5
0.62%
2/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Suspended
Nickel
-
704 kt M&I; 328 kt Inferred
4/5
0.57%
1/5
-
-
🇦🇺 Australia
Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Suspended
Nickel
-
1 061 kt M&I; 125 kt Inferred
4/5
0.54%
1/5
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Copper
347.48 kt/yr
Est. revenue 2%
107 739.12 kt; 92 460.38 kt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Gold
104.52 koz/yr
Est. revenue 0%
16.18 moz
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Silver
8.11 moz/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Uranium
-
742.74 mlb
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Iron
252.87 mt/yr
Est. revenue 95%
2 370 mt; 210 mt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Molybdenum
2.97 kt/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Zinc
108.61 kt/yr
Est. revenue 0%
0.97 mt
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Lead
2.23 kt/yr
Est. revenue 0%
-
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Nickel
-
5 224 kt; 2 024 kt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Thermal coal
15.04 mt/yr
Est. revenue 0%
108 mt; 4.8 mt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Met coal
18.01 mt/yr
Est. revenue 2%
3 020 mt; 713.5 mt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Potash
-
1 338.9 mt; 327.7 mt Inferred
-
-
-
Mining metrics · 36 projects — Assumptions & Disclaimers
- Reserves vs Resources are reported under solid-mineral codes (CIM / NI 43-101, JORC, SAMREC, PERC, SEC S-K 1300, CRIRSCO). The headline reserve base follows the METALPILOT inclusive-vs-exclusive rule: when a source declares resources 'inclusive of' reserves (JORC norm), reserves are not added on top; when 'exclusive' (NI 43-101 norm), the headline is the source-disclosed total.
- Inferred resources are shown for transparency but flagged separately and do not feed the USD value mix.
- Grade is converted to the canonical display unit per commodity (% for base metals, g/t for precious metals, lb/st for U₃O₈, etc.). Where the source reports a grade range, the rating engine uses the midpoint.
- Costs are taken from disclosed cost rows and labelled by cost kind (AISC for gold/silver, C1 for copper/nickel/zinc/lead, cash operating cost for U₃O₈, etc.).
- Estimated lifetime is reserve_base / annual production using attributable figures; both sides are converted to the project's working-interest view before the division when needed.
- A '(WI x.xx%)' tag is shown when the project's ownership_percentage is materially below 100%.
- '(rating)' refers to Metal Pilot's commodity-specific 1-to-5 scoring band. Full band definitions live on the Rating tab.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
Reserves & resources — detail
As at 30 June 2025
| Project | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Commodity | Proven (share %) | Probable (share %) | Prov. & Prob. (share %) | Measured (share %) | Indicated (share %) | Meas. & Ind. (share %) | Inferred (share %) | Total (share %) | |
|
Olympic Dam
|
Gold
|
8.1 moz (94%)
|
4.75 moz (63%)
|
12.84 moz (80%)
|
-
|
-
|
-
|
-
|
12.84 moz (80%)
|
|
Olympic Dam
|
Copper
|
6 550 kt (32%)
|
4 210 kt (33%)
|
10 760 kt (32%)
|
24 250 kt (50%)
|
19 890 kt (40%)
|
44 140 kt (41%)
|
16 700 kt (18%)
|
71 600 kt (32%)
|
|
Olympic Dam
|
Uranium
|
448.64 mlb
|
298.29 mlb
|
746.93 mlb
|
-
|
-
|
-
|
-
|
746.93 mlb
|
|
Escondida
|
Copper
|
11 327.5 kt (55%)
|
4 347 kt (34%)
|
15 674.5 kt (47%)
|
16 025.25 kt (33%)
|
12 190 kt (25%)
|
28 215.25 kt (26%)
|
27 611.5 kt (30%)
|
71 501.25 kt (32%)
|
|
Goonyella Complex
|
Met coal
|
216.5 mt (27%)
|
4.85 mt (3%)
|
221.35 mt (23%)
|
875 mt (39%)
|
202.5 mt (25%)
|
1 077.5 mt (36%)
|
261 mt (37%)
|
1 559.85 mt (33%)
|
|
Saraji
|
Met coal
|
119.5 mt (15%)
|
11 mt (8%)
|
130.5 mt (14%)
|
550 mt (25%)
|
226.5 mt (28%)
|
776.5 mt (26%)
|
250 mt (35%)
|
1 157 mt (25%)
|
|
Spence
|
Copper
|
2 050 kt (10%)
|
1 930 kt (15%)
|
3 980 kt (12%)
|
3 180 kt (7%)
|
2 990 kt (6%)
|
6 170 kt (6%)
|
3 070 kt (3%)
|
13 220 kt (6%)
|
|
Carrapateena
|
Gold
|
-
|
2.19 moz (29%)
|
2.19 moz (14%)
|
-
|
-
|
-
|
-
|
2.19 moz (14%)
|
|
Carrapateena
|
Copper
|
-
|
1 650 kt (13%)
|
1 650 kt (5%)
|
1 300 kt (3%)
|
2 870 kt (6%)
|
4 170 kt (4%)
|
870 kt (<1%)
|
6 690 kt (3%)
|
|
Mt Arthur Coal (NSWEC)
|
Thermal coal
|
79 mt
|
21 mt
|
100 mt
|
77 mt
|
31 mt
|
108 mt
|
4.8 mt
|
212.8 mt
|
|
Prominent Hill
|
Gold
|
0.49 moz (6%)
|
0.51 moz (7%)
|
1 moz (6%)
|
-
|
-
|
-
|
-
|
1 moz (6%)
|
|
Prominent Hill
|
Copper
|
280 kt (1%)
|
170 kt (1%)
|
450 kt (1%)
|
520 kt (1%)
|
460 kt (<1%)
|
980 kt (<1%)
|
460 kt (<1%)
|
1 890 kt (<1%)
|
|
Carajás (Pedra Branca)
|
Gold
|
0.02 moz (<1%)
|
0.04 moz (<1%)
|
0.06 moz (<1%)
|
-
|
-
|
-
|
-
|
0.06 moz (<1%)
|
|
Carajás (Pedra Branca)
|
Copper
|
23 kt (<1%)
|
46 kt (<1%)
|
69 kt (<1%)
|
40 kt (<1%)
|
170 kt (<1%)
|
210 kt (<1%)
|
140 kt (<1%)
|
419 kt (<1%)
|
|
Peak Downs
|
Met coal
|
341 mt (43%)
|
105.5 mt (75%)
|
446.5 mt (47%)
|
476.5 mt (21%)
|
274 mt (34%)
|
750.5 mt (25%)
|
155 mt (22%)
|
1 352 mt (29%)
|
|
Caval Ridge
|
Met coal
|
99.5 mt (12%)
|
18.5 mt (13%)
|
118 mt (13%)
|
182 mt (8%)
|
41 mt (5%)
|
223 mt (7%)
|
21.5 mt (3%)
|
362.5 mt (8%)
|
|
Samarco
|
Iron
|
39 mt
|
374 mt
|
413 mt
|
1 510 mt
|
860 mt
|
2 370 mt
|
210 mt
|
2 993 mt
|
|
Antamina
|
Copper
|
523.13 kt (3%)
|
567 kt (4%)
|
1 090.12 kt (3%)
|
708.75 kt (1%)
|
961.88 kt (2%)
|
1 670.62 kt (2%)
|
1 744.88 kt (2%)
|
4 505.62 kt (2%)
|
|
Antamina
|
Zinc
|
266.63 kt
|
708.75 kt
|
975.38 kt
|
-
|
-
|
-
|
-
|
975.38 kt
|
|
Jansen
|
Potash
|
-
|
266.4 mt
|
266.4 mt
|
1 338.9 mt
|
-
|
1 338.9 mt
|
327.7 mt
|
1 933 mt
|
|
Babel
|
Nickel
|
-
|
-
|
-
|
282 kt (13%)
|
532 kt (18%)
|
814 kt (16%)
|
186 kt (9%)
|
1 000 kt (14%)
|
|
Honeymoon Well
|
Nickel
|
-
|
-
|
-
|
66 kt (3%)
|
856 kt (29%)
|
922 kt (18%)
|
43 kt (2%)
|
965 kt (13%)
|
|
Oak Dam
|
Copper
|
-
|
-
|
-
|
-
|
-
|
8 840 kt (8%)
|
8 840 kt (10%)
|
8 840 kt (4%)
|
|
Yakabindie
|
Nickel
|
-
|
-
|
-
|
891 kt (40%)
|
525 kt (18%)
|
1 416 kt (27%)
|
903 kt (45%)
|
2 319 kt (32%)
|
|
Fremantle Doctor
|
Copper
|
-
|
-
|
-
|
-
|
-
|
510 kt (<1%)
|
510 kt (<1%)
|
510 kt (<1%)
|
|
Jericho
|
Nickel
|
-
|
-
|
-
|
-
|
140 kt (5%)
|
140 kt (3%)
|
435 kt (21%)
|
575 kt (8%)
|
|
Nebo
|
Nickel
|
-
|
-
|
-
|
-
|
167 kt (6%)
|
167 kt (3%)
|
4 kt (<1%)
|
171 kt (2%)
|
|
Pantera
|
Copper
|
-
|
-
|
-
|
-
|
370 kt (<1%)
|
370 kt (<1%)
|
50 kt (<1%)
|
420 kt (<1%)
|
|
Succoth
|
Copper
|
-
|
-
|
-
|
-
|
350 kt (<1%)
|
350 kt (<1%)
|
300 kt (<1%)
|
650 kt (<1%)
|
|
Filo del Sol
|
Copper
|
-
|
-
|
-
|
-
|
3 215 kt (6%)
|
3 215 kt (3%)
|
11 250 kt (12%)
|
14 465 kt (6%)
|
|
Saraji South
|
Met coal
|
25.5 mt (3%)
|
1 mt (<1%)
|
26.5 mt (3%)
|
140.5 mt (6%)
|
52 mt (7%)
|
192.5 mt (6%)
|
26 mt (4%)
|
245 mt (5%)
|
|
Josemaria
|
Copper
|
-
|
-
|
-
|
1 080 kt (2%)
|
1 240 kt (2%)
|
2 320 kt (2%)
|
810 kt (<1%)
|
3 130 kt (1%)
|
|
Pampa Escondida
|
Copper
|
-
|
-
|
-
|
897 kt (2%)
|
3 639.75 kt (7%)
|
4 536.75 kt (4%)
|
13 662 kt (15%)
|
18 198.75 kt (8%)
|
|
Chimborazo
|
Copper
|
-
|
-
|
-
|
-
|
391 kt (<1%)
|
391 kt (<1%)
|
276 kt (<1%)
|
667 kt (<1%)
|
|
Pinta Verde
|
Copper
|
-
|
-
|
-
|
350.75 kt (<1%)
|
189.75 kt (<1%)
|
540.5 kt (<1%)
|
46 kt (<1%)
|
586.5 kt (<1%)
|
|
Leinster
|
Nickel
|
-
|
-
|
-
|
288 kt (13%)
|
416 kt (14%)
|
704 kt (13%)
|
328 kt (16%)
|
1 032 kt (14%)
|
|
Mt Keith
|
Nickel
|
-
|
-
|
-
|
713 kt (32%)
|
348 kt (12%)
|
1 061 kt (20%)
|
125 kt (6%)
|
1 186 kt (16%)
|
|
Cerro Colorado
|
Copper
|
-
|
-
|
-
|
410 kt (<1%)
|
700 kt (1%)
|
1 110 kt (1%)
|
6 120 kt (7%)
|
7 230 kt (3%)
|
|
Western Australia Iron Ore (WAIO) (Play)
|
Iron
|
994.5 mt
|
1 079.5 mt
|
2 074 mt
|
2 711.5 mt
|
4 343.5 mt
|
7 055 mt
|
9 690 mt
|
18 819 mt
|
|
|
Σ Gold
|
8.61 moz
|
7.48 moz
|
16.09 moz
|
-
|
-
|
-
|
-
|
16.09 moz
|
|
|
Σ Copper
|
20 753.62 kt
|
12 920 kt
|
33 673.62 kt
|
48 761.75 kt
|
49 627.38 kt
|
107 739.12 kt
|
92 460.38 kt
|
224 523.12 kt
|
|
|
Σ Uranium
|
448.64 mlb
|
298.29 mlb
|
746.93 mlb
|
-
|
-
|
-
|
-
|
746.93 mlb
|
|
|
Σ Iron
|
39 mt
|
374 mt
|
413 mt
|
1 510 mt
|
860 mt
|
2 370 mt
|
210 mt
|
2 993 mt
|
|
|
Σ Zinc
|
0.27 kt
|
0.71 kt
|
975.38 kt
|
-
|
-
|
-
|
-
|
975.38 kt
|
|
|
Σ Nickel
|
-
|
-
|
-
|
2 240 kt
|
2 984 kt
|
5 224 kt
|
2 024 kt
|
7 248 kt
|
|
|
Σ Thermal coal
|
79 mt
|
21 mt
|
100 mt
|
77 mt
|
31 mt
|
108 mt
|
4.8 mt
|
212.8 mt
|
|
|
Σ Met coal
|
802 mt
|
140.85 mt
|
942.85 mt
|
2 224 mt
|
796 mt
|
3 020 mt
|
713.5 mt
|
4 676.35 mt
|
|
|
Σ Potash
|
-
|
266.4 mt
|
266.4 mt
|
1 338.9 mt
|
-
|
1 338.9 mt
|
327.7 mt
|
1 933 mt
|
Olympic Dam
Commodity
Gold
Proven (share %)
8.1 moz (94%)
Probable (share %)
4.75 moz (63%)
Prov. & Prob. (share %)
12.84 moz (80%)
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
12.84 moz (80%)
Olympic Dam
Commodity
Copper
Proven (share %)
6 550 kt (32%)
Probable (share %)
4 210 kt (33%)
Prov. & Prob. (share %)
10 760 kt (32%)
Measured (share %)
24 250 kt (50%)
Indicated (share %)
19 890 kt (40%)
Meas. & Ind. (share %)
44 140 kt (41%)
Inferred (share %)
16 700 kt (18%)
Total (share %)
71 600 kt (32%)
Olympic Dam
Commodity
Uranium
Proven (share %)
448.64 mlb
Probable (share %)
298.29 mlb
Prov. & Prob. (share %)
746.93 mlb
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
746.93 mlb
Escondida
Commodity
Copper
Proven (share %)
11 327.5 kt (55%)
Probable (share %)
4 347 kt (34%)
Prov. & Prob. (share %)
15 674.5 kt (47%)
Measured (share %)
16 025.25 kt (33%)
Indicated (share %)
12 190 kt (25%)
Meas. & Ind. (share %)
28 215.25 kt (26%)
Inferred (share %)
27 611.5 kt (30%)
Total (share %)
71 501.25 kt (32%)
Goonyella Complex
Commodity
Met coal
Proven (share %)
216.5 mt (27%)
Probable (share %)
4.85 mt (3%)
Prov. & Prob. (share %)
221.35 mt (23%)
Measured (share %)
875 mt (39%)
Indicated (share %)
202.5 mt (25%)
Meas. & Ind. (share %)
1 077.5 mt (36%)
Inferred (share %)
261 mt (37%)
Total (share %)
1 559.85 mt (33%)
Saraji
Commodity
Met coal
Proven (share %)
119.5 mt (15%)
Probable (share %)
11 mt (8%)
Prov. & Prob. (share %)
130.5 mt (14%)
Measured (share %)
550 mt (25%)
Indicated (share %)
226.5 mt (28%)
Meas. & Ind. (share %)
776.5 mt (26%)
Inferred (share %)
250 mt (35%)
Total (share %)
1 157 mt (25%)
Spence
Commodity
Copper
Proven (share %)
2 050 kt (10%)
Probable (share %)
1 930 kt (15%)
Prov. & Prob. (share %)
3 980 kt (12%)
Measured (share %)
3 180 kt (7%)
Indicated (share %)
2 990 kt (6%)
Meas. & Ind. (share %)
6 170 kt (6%)
Inferred (share %)
3 070 kt (3%)
Total (share %)
13 220 kt (6%)
Carrapateena
Commodity
Gold
Proven (share %)
-
Probable (share %)
2.19 moz (29%)
Prov. & Prob. (share %)
2.19 moz (14%)
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
2.19 moz (14%)
Carrapateena
Commodity
Copper
Proven (share %)
-
Probable (share %)
1 650 kt (13%)
Prov. & Prob. (share %)
1 650 kt (5%)
Measured (share %)
1 300 kt (3%)
Indicated (share %)
2 870 kt (6%)
Meas. & Ind. (share %)
4 170 kt (4%)
Inferred (share %)
870 kt (<1%)
Total (share %)
6 690 kt (3%)
Mt Arthur Coal (NSWEC)
Commodity
Thermal coal
Proven (share %)
79 mt
Probable (share %)
21 mt
Prov. & Prob. (share %)
100 mt
Measured (share %)
77 mt
Indicated (share %)
31 mt
Meas. & Ind. (share %)
108 mt
Inferred (share %)
4.8 mt
Total (share %)
212.8 mt
Prominent Hill
Commodity
Gold
Proven (share %)
0.49 moz (6%)
Probable (share %)
0.51 moz (7%)
Prov. & Prob. (share %)
1 moz (6%)
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
1 moz (6%)
Prominent Hill
Commodity
Copper
Proven (share %)
280 kt (1%)
Probable (share %)
170 kt (1%)
Prov. & Prob. (share %)
450 kt (1%)
Measured (share %)
520 kt (1%)
Indicated (share %)
460 kt (<1%)
Meas. & Ind. (share %)
980 kt (<1%)
Inferred (share %)
460 kt (<1%)
Total (share %)
1 890 kt (<1%)
Carajás (Pedra Branca)
Commodity
Gold
Proven (share %)
0.02 moz (<1%)
Probable (share %)
0.04 moz (<1%)
Prov. & Prob. (share %)
0.06 moz (<1%)
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
0.06 moz (<1%)
Carajás (Pedra Branca)
Commodity
Copper
Proven (share %)
23 kt (<1%)
Probable (share %)
46 kt (<1%)
Prov. & Prob. (share %)
69 kt (<1%)
Measured (share %)
40 kt (<1%)
Indicated (share %)
170 kt (<1%)
Meas. & Ind. (share %)
210 kt (<1%)
Inferred (share %)
140 kt (<1%)
Total (share %)
419 kt (<1%)
Peak Downs
Commodity
Met coal
Proven (share %)
341 mt (43%)
Probable (share %)
105.5 mt (75%)
Prov. & Prob. (share %)
446.5 mt (47%)
Measured (share %)
476.5 mt (21%)
Indicated (share %)
274 mt (34%)
Meas. & Ind. (share %)
750.5 mt (25%)
Inferred (share %)
155 mt (22%)
Total (share %)
1 352 mt (29%)
Caval Ridge
Commodity
Met coal
Proven (share %)
99.5 mt (12%)
Probable (share %)
18.5 mt (13%)
Prov. & Prob. (share %)
118 mt (13%)
Measured (share %)
182 mt (8%)
Indicated (share %)
41 mt (5%)
Meas. & Ind. (share %)
223 mt (7%)
Inferred (share %)
21.5 mt (3%)
Total (share %)
362.5 mt (8%)
Samarco
Commodity
Iron
Proven (share %)
39 mt
Probable (share %)
374 mt
Prov. & Prob. (share %)
413 mt
Measured (share %)
1 510 mt
Indicated (share %)
860 mt
Meas. & Ind. (share %)
2 370 mt
Inferred (share %)
210 mt
Total (share %)
2 993 mt
Antamina
Commodity
Copper
Proven (share %)
523.13 kt (3%)
Probable (share %)
567 kt (4%)
Prov. & Prob. (share %)
1 090.12 kt (3%)
Measured (share %)
708.75 kt (1%)
Indicated (share %)
961.88 kt (2%)
Meas. & Ind. (share %)
1 670.62 kt (2%)
Inferred (share %)
1 744.88 kt (2%)
Total (share %)
4 505.62 kt (2%)
Antamina
Commodity
Zinc
Proven (share %)
266.63 kt
Probable (share %)
708.75 kt
Prov. & Prob. (share %)
975.38 kt
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
975.38 kt
Jansen
Commodity
Potash
Proven (share %)
-
Probable (share %)
266.4 mt
Prov. & Prob. (share %)
266.4 mt
Measured (share %)
1 338.9 mt
Indicated (share %)
-
Meas. & Ind. (share %)
1 338.9 mt
Inferred (share %)
327.7 mt
Total (share %)
1 933 mt
Babel
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
282 kt (13%)
Indicated (share %)
532 kt (18%)
Meas. & Ind. (share %)
814 kt (16%)
Inferred (share %)
186 kt (9%)
Total (share %)
1 000 kt (14%)
Honeymoon Well
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
66 kt (3%)
Indicated (share %)
856 kt (29%)
Meas. & Ind. (share %)
922 kt (18%)
Inferred (share %)
43 kt (2%)
Total (share %)
965 kt (13%)
Oak Dam
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
8 840 kt (8%)
Inferred (share %)
8 840 kt (10%)
Total (share %)
8 840 kt (4%)
Yakabindie
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
891 kt (40%)
Indicated (share %)
525 kt (18%)
Meas. & Ind. (share %)
1 416 kt (27%)
Inferred (share %)
903 kt (45%)
Total (share %)
2 319 kt (32%)
Fremantle Doctor
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
510 kt (<1%)
Inferred (share %)
510 kt (<1%)
Total (share %)
510 kt (<1%)
Jericho
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
140 kt (5%)
Meas. & Ind. (share %)
140 kt (3%)
Inferred (share %)
435 kt (21%)
Total (share %)
575 kt (8%)
Nebo
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
167 kt (6%)
Meas. & Ind. (share %)
167 kt (3%)
Inferred (share %)
4 kt (<1%)
Total (share %)
171 kt (2%)
Pantera
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
370 kt (<1%)
Meas. & Ind. (share %)
370 kt (<1%)
Inferred (share %)
50 kt (<1%)
Total (share %)
420 kt (<1%)
Succoth
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
350 kt (<1%)
Meas. & Ind. (share %)
350 kt (<1%)
Inferred (share %)
300 kt (<1%)
Total (share %)
650 kt (<1%)
Filo del Sol
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
3 215 kt (6%)
Meas. & Ind. (share %)
3 215 kt (3%)
Inferred (share %)
11 250 kt (12%)
Total (share %)
14 465 kt (6%)
Saraji South
Commodity
Met coal
Proven (share %)
25.5 mt (3%)
Probable (share %)
1 mt (<1%)
Prov. & Prob. (share %)
26.5 mt (3%)
Measured (share %)
140.5 mt (6%)
Indicated (share %)
52 mt (7%)
Meas. & Ind. (share %)
192.5 mt (6%)
Inferred (share %)
26 mt (4%)
Total (share %)
245 mt (5%)
Josemaria
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
1 080 kt (2%)
Indicated (share %)
1 240 kt (2%)
Meas. & Ind. (share %)
2 320 kt (2%)
Inferred (share %)
810 kt (<1%)
Total (share %)
3 130 kt (1%)
Pampa Escondida
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
897 kt (2%)
Indicated (share %)
3 639.75 kt (7%)
Meas. & Ind. (share %)
4 536.75 kt (4%)
Inferred (share %)
13 662 kt (15%)
Total (share %)
18 198.75 kt (8%)
Chimborazo
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
-
Indicated (share %)
391 kt (<1%)
Meas. & Ind. (share %)
391 kt (<1%)
Inferred (share %)
276 kt (<1%)
Total (share %)
667 kt (<1%)
Pinta Verde
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
350.75 kt (<1%)
Indicated (share %)
189.75 kt (<1%)
Meas. & Ind. (share %)
540.5 kt (<1%)
Inferred (share %)
46 kt (<1%)
Total (share %)
586.5 kt (<1%)
Leinster
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
288 kt (13%)
Indicated (share %)
416 kt (14%)
Meas. & Ind. (share %)
704 kt (13%)
Inferred (share %)
328 kt (16%)
Total (share %)
1 032 kt (14%)
Mt Keith
Commodity
Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
713 kt (32%)
Indicated (share %)
348 kt (12%)
Meas. & Ind. (share %)
1 061 kt (20%)
Inferred (share %)
125 kt (6%)
Total (share %)
1 186 kt (16%)
Cerro Colorado
Commodity
Copper
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
410 kt (<1%)
Indicated (share %)
700 kt (1%)
Meas. & Ind. (share %)
1 110 kt (1%)
Inferred (share %)
6 120 kt (7%)
Total (share %)
7 230 kt (3%)
Western Australia Iron Ore (WAIO) (Play)
Commodity
Iron
Proven (share %)
994.5 mt
Probable (share %)
1 079.5 mt
Prov. & Prob. (share %)
2 074 mt
Measured (share %)
2 711.5 mt
Indicated (share %)
4 343.5 mt
Meas. & Ind. (share %)
7 055 mt
Inferred (share %)
9 690 mt
Total (share %)
18 819 mt
Commodity
Σ Gold
Proven (share %)
8.61 moz
Probable (share %)
7.48 moz
Prov. & Prob. (share %)
16.09 moz
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
16.09 moz
Commodity
Σ Copper
Proven (share %)
20 753.62 kt
Probable (share %)
12 920 kt
Prov. & Prob. (share %)
33 673.62 kt
Measured (share %)
48 761.75 kt
Indicated (share %)
49 627.38 kt
Meas. & Ind. (share %)
107 739.12 kt
Inferred (share %)
92 460.38 kt
Total (share %)
224 523.12 kt
Commodity
Σ Uranium
Proven (share %)
448.64 mlb
Probable (share %)
298.29 mlb
Prov. & Prob. (share %)
746.93 mlb
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
746.93 mlb
Commodity
Σ Iron
Proven (share %)
39 mt
Probable (share %)
374 mt
Prov. & Prob. (share %)
413 mt
Measured (share %)
1 510 mt
Indicated (share %)
860 mt
Meas. & Ind. (share %)
2 370 mt
Inferred (share %)
210 mt
Total (share %)
2 993 mt
Commodity
Σ Zinc
Proven (share %)
0.27 kt
Probable (share %)
0.71 kt
Prov. & Prob. (share %)
975.38 kt
Measured (share %)
-
Indicated (share %)
-
Meas. & Ind. (share %)
-
Inferred (share %)
-
Total (share %)
975.38 kt
Commodity
Σ Nickel
Proven (share %)
-
Probable (share %)
-
Prov. & Prob. (share %)
-
Measured (share %)
2 240 kt
Indicated (share %)
2 984 kt
Meas. & Ind. (share %)
5 224 kt
Inferred (share %)
2 024 kt
Total (share %)
7 248 kt
Commodity
Σ Thermal coal
Proven (share %)
79 mt
Probable (share %)
21 mt
Prov. & Prob. (share %)
100 mt
Measured (share %)
77 mt
Indicated (share %)
31 mt
Meas. & Ind. (share %)
108 mt
Inferred (share %)
4.8 mt
Total (share %)
212.8 mt
Commodity
Σ Met coal
Proven (share %)
802 mt
Probable (share %)
140.85 mt
Prov. & Prob. (share %)
942.85 mt
Measured (share %)
2 224 mt
Indicated (share %)
796 mt
Meas. & Ind. (share %)
3 020 mt
Inferred (share %)
713.5 mt
Total (share %)
4 676.35 mt
Commodity
Σ Potash
Proven (share %)
-
Probable (share %)
266.4 mt
Prov. & Prob. (share %)
266.4 mt
Measured (share %)
1 338.9 mt
Indicated (share %)
-
Meas. & Ind. (share %)
1 338.9 mt
Inferred (share %)
327.7 mt
Total (share %)
1 933 mt
Reserves & resources — detail — Assumptions & Disclaimers
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams · 5
All royalty and stream interests in the database that refer to any asset in this portfolio by name.
| Company | Royalty | ||||
|---|---|---|---|---|---|
| Location | Status | Commodity | Conditions | ||
|
Mt Keith
|
🇦🇺 Australia, Australia
|
Operating
|
Nickel |
Australia | Operator: BHP Group Limited | Metals: Ni | Royalty: NPI: 0.25% / GR: 0.375%
|
|
|
Josemaria
|
🇦🇷 Argentina, San Juan
|
Development
|
Gold Silver Copper |
Right to acquire portion of 0.5% NPI for 10-year period
|
|
|
Antamina
|
🇵🇪 Peru, Ancash
|
Operating
|
Silver (4/5) (196.92 Moz) Copper (4/5) (10621 Mlb) Molybdenum (3/5) (282 Mlb) Zinc (3/5) (3.12 Mt) |
1.66% NPI royalty on all metals produced from areas subject to our royalty interest at the Antamina mine.
|
Mt Keith
Location
Status
Commodity
Conditions
🇦🇺 Australia, Australia
Operating
Nickel
Australia | Operator: BHP Group Limited | Metals: Ni | Royalty: NPI: 0.25% / GR: 0.375%
Location
Status
Commodity
Conditions
🇦🇷 Argentina, San Juan
Development
Gold
Silver
Copper
Right to acquire portion of 0.5% NPI for 10-year period
Antamina
Location
Status
Commodity
Conditions
🇵🇪 Peru, Ancash
Operating
Silver (4/5) (196.92 Moz)
Copper (4/5) (10621 Mlb)
Molybdenum (3/5) (282 Mlb)
Zinc (3/5) (3.12 Mt)
1.66% NPI royalty on all metals produced from areas subject to our royalty interest at the Antamina mine.
| Company | Stream | ||||
|---|---|---|---|---|---|
| Location | Status | Commodity | Conditions | ||
|
Antamina
|
🇵🇪 Peru, Ancash
|
Operating
|
Silver (5/5) (308.53 Moz M&I; 424.11 Moz Inferred) |
Stream based on recovered silver from Teck's attributable 22.5% interest in Antamina, subject to fixed 90% payability; Ongoing payment of 5% of spot silver price; Stream reduces by one-third after 86 Moz Ag delivered.
|
|
|
Antamina
|
🇵🇪 Peru
|
Operating
|
Silver (2/5) (72.8 Moz P&P + M&I) |
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
|
Antamina
Location
Status
Commodity
Conditions
🇵🇪 Peru, Ancash
Operating
Silver (5/5) (308.53 Moz M&I; 424.11 Moz Inferred)
Stream based on recovered silver from Teck's attributable 22.5% interest in Antamina, subject to fixed 90% payability; Ongoing payment of 5% of spot silver price; Stream reduces by one-third after 86 Moz Ag delivered.
Location
Status
Commodity
Conditions
🇵🇪 Peru
Operating
Silver (2/5) (72.8 Moz P&P + M&I)
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
Royalties & streams · 5 — Assumptions
- Royalties and streams whose project name refers to any featured asset in this portfolio (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Each interest appears once even when it relates to more than one portfolio asset.
Generic assumptions
- Generic assumptions (this panel) covers modelling choices for the KPI strip and each table section. Generic disclaimers (the panel below) covers investment risk, section-specific notices and data limitations. For definitions, units, reporting standards, cost benchmarks and attribution methods, see the Terminology tab.
- Project counts exclude play-level rollups so the same asset is not double-counted with its parent play.
- When a Portfolio Aggregate row exists, company-level totals (attributable production / reserve base USD) use only that rollup; underlying assets appear only in the per-project sections below.
- Attributable production / reserve base apply the attribution method documented on the Terminology tab (working interest, royalty / stream rate, net of royalty, or gross WI).
- Hydrocarbon production shows source units with an MMboe equivalent for gas (6 Mcf ≈ 1 BOE); estimated production revenue and the mix bar value MMboe-normalised gas at the same $/Bcf × 6 implied $/MMboe.
- USD value lines use the most recent commodity price snapshot. They are not a market valuation of the company.
- 'Operating' reflects each asset's operating status. 'Strategic' reflects the strategic flag on the asset.
Generic disclaimers
- The information on this page is provided for informational and educational purposes only. It is not investment advice, not a recommendation to buy, sell or hold any security, commodity, derivative or other financial instrument, and not an offer or solicitation in any jurisdiction.
- Metal Pilot compiles, normalises and presents data drawn from publicly available sources. We make no representation or warranty, express or implied, as to the accuracy, completeness, timeliness, fitness for a particular purpose, or non-infringement of any data on this page. Figures may be incomplete, out of date, misclassified, mis-attributed or incorrect.
- Always verify every figure with the original public disclosure (the company's annual report, NI 43-101 / NI 51-101 / SEC / JORC / SAMREC / PERC / PRMS / COGEH technical report, MD&A, investor presentation, press release, regulator filing or equivalent primary source) before making any investment, trading, lending, commercial, legal or operational decision. The primary source always prevails over Metal Pilot's normalised view.
- To the maximum extent permitted by applicable law, Metal Pilot, its affiliates, contributors and licensors disclaim all liability for any loss, damage, claim, cost or expense of any kind (including direct, indirect, incidental, consequential, special, punitive or exemplary losses, loss of profits, loss of opportunity, trading losses, investment losses or reputational losses) arising out of or in connection with reliance on, or use of, any information on this page.
- Metal Pilot is not a registered investment adviser, broker-dealer, mineral / petroleum qualified person or competent person, technical evaluator, accountant or lawyer. The presentation of data on this page does not constitute a qualified person's report, a competent person's statement, an audit, a fairness opinion or a valuation.
- By using this page you acknowledge that all investment and commercial decisions are made at your own risk and that any reliance on the information shown here is your own responsibility.
- KPI tiles are convenience aggregations only. They are not guidance, not a forecast, not a valuation, and may exclude assets that the company itself reports as material. Always verify with the most recent 10-K / 20-F / 40-F / annual report and the underlying technical reports.
- Counts and country flags are derived from the company's own classification. Some assets may be reported under joint ventures, holding companies or special-purpose vehicles, which may change the apparent country or operator profile relative to a strict beneficial-ownership view.
- Mining reserve and resource estimates are subject to geological, metallurgical, environmental, permitting, infrastructure and market-price risk. A Probable or Proven label does not guarantee that the ounces / tonnes will ever be mined. AISC and C1 are non-GAAP metrics computed under company-specific definitions and are not strictly comparable between companies.
- Portfolio-level rollups are convenient for company-vs-company comparisons but can mask asset-level concentration risk: a single producing field or mine may account for the majority of the rollup figure.
- Adding categories across uncertainty levels (e.g. adding Inferred to M+I, or adding 3P to 2P) is statistically incorrect because the underlying probability distributions are different. Do not infer a single 'total resource' by summing rows of different categories.
- Snapshot in time. Reserves, resources, production, costs, NPV and grade figures are dated to the effective date of the source document; operating results may have changed materially since publication.
- Estimates, not certainties. Reserves and resources are estimates prepared under defined codes; even classified reserves carry stated probability ranges, and resources carry significantly higher uncertainty.
- Heterogeneous standards. Mining categories (Proven, Probable, Measured, Indicated, Inferred) and petroleum categories (1P, 2P, 3P, 1C, 2C, 3C, 1U, 2U, 3U) are not directly comparable across codes or even across companies. Definitions live on the Terminology tab.
- Attribution mathematics. Volumes may be on a gross (100 %), company gross working-interest, or company net (after royalty / entitlement) basis. See the Terminology tab → Attribution methods.
- Currency and units. Costs and NPV are shown in the currency the company reports them in; no FX adjustment is applied to historical figures. Volumes are normalised to the commodity display unit when a conversion is defined.
- Aggregation choices. When a Portfolio Aggregate row exists, snapshot KPIs use only that rollup so the same barrel / tonne is not counted twice; play-level rollups never feed company-level totals.
- Coverage gaps. A blank cell (–) means the company did not disclose the figure under the reporting standard we tracked, or the figure was not machine-extractable. It does not mean the figure is zero.
- Possible data errors. Despite our QC pipeline, individual figures may be misread, mis-categorised, attached to the wrong commodity or the wrong effective date. Always verify against the original filing before relying on any number for a decision.
- MetalPilot stores contained metal or product in the codes below; grade and tonnage use separate fields. In side-by-side comparison views (stock page Portfolio tab, watchlist By sector), heterogeneous source units are converted to each commodity's preferred display unit (for example Moz Au, kt Cu, MMbbl oil) before summing; the same canonical codes appear in project data.
- The Portfolio tab presents a project-level view of the company's reported assets, built from publicly disclosed information (technical reports, annual filings, MD&A, investor presentations, MRMR / R&R statements, NI 43-101 / NI 51-101 / SEC S-K 1300 / SEC S-K 1200 / JORC / SAMREC / PERC / PRMS / COGEH filings, and similar primary sources).
- Figures are grouped by project type (mining, oil & gas, royalty, stream, processing facility, development, portfolio aggregate) and are shown alongside the headline reserve base, headline production, headline grade / quality, cost benchmarks, estimated lifetime, commercial terms (for royalties / streams), operational capacity (for processing) and a single-figure rating where the underlying data supports one.
- Each data table on the Portfolio tab is followed by ONE Assumptions footnote describing the modelling choices for that table; KPI stat-card assumptions appear in the bottom block instead. All legal and section disclaimers are merged into a single disclaimer list at the bottom of the Portfolio tab.
- Diversified miners report under several codes (NI 43-101 + JORC + SEC, or mining + O&G). Portfolio presents each project under its native standard; this tab shows the full unit enum.
- Cross-standard comparability caveats apply — see the categories detail sections below.
- Portfolio KPIs — company-level headline numbers aggregated from the featured projects (project counts, attributable annual production by commodity, attributable resource base by commodity, last filing date, operator share). USD value lines multiply attributable volumes by the resolved snapshot price.
- Portfolio snapshot — one-screen summary of the portfolio: counts by type and status, country mix, reporting standards used, operator share, primary commodity, attributable annual production summary and attributable resource base summary.
- Mining — one row per mining project, with columns for project name, location, status, primary commodities, production (with rating), reserves & resources (with rating), grade (with rating), costs and estimated lifetime. Multi-commodity projects emit one summary row per commodity.
- Oil & Gas — one row per O&G project (typically a field, licence, play or basin asset), with columns for location, status, primary hydrocarbons, production (with rating), reserves & resources (with rating), costs and estimated lifetime.
- Royalty — one row per royalty interest held by the company. Columns cover the underlying project, operator, commodity, commercial terms (rate, type, cap, area-of-interest), attributable production, attributable reserves and estimated lifetime.
- Stream — one row per metal stream held by the company. Each row shows the underlying project, the streamed commodity, the headline stream percentage, the ongoing per-ounce / per-tonne payment, and attributable production / reserves.
- Processing facilities — one row per midstream / processing facility (pipeline, fractionator, LNG train, storage cavern, refinery, smelter, mill, heap-leach pad, CPP, etc.). Columns include nameplate capacity, contracted capacity, feedstock commodities and operational footprint.
- Development — projects in development status or in a pre-production lifecycle phase. The production column is re-labelled 'Targeted production (rating)' to highlight that the figures are plans, not actuals.
- Portfolio Aggregate — a single company-level row used when the company itself publishes a portfolio rollup (e.g. company-wide 2P barrels across all properties).
- Reserves & resources — detail — a leaf-category pivot showing every reserve and resource category disclosed across the projects.
- Reserves walk — gross (disclosed) — year-by-year reconciliation of the opening balance to the closing balance, broken into Extensions & discoveries, Revisions, Improved recovery, Purchases, Divestitures, Production and Conversion to developed.
- Reserves walk — net change by year — per-year summary of net additions and net deductions across the portfolio.
- NPV (grouped) — all NPV rows captured from the filings, grouped by commodity, resource category, development status and pricing case. Each NPV figure is shown with its discount rate, basis (before-tax / after-tax), currency and value scale.
- Ownership percentage means the company's working-interest share of the asset: its slice of the project before royalties and before government take. It is shown on a 0–100 scale.
- Mines, oil and gas fields, and processing facilities — this is how much of the asset belongs to the company under that working-interest idea. One hundred percent is fully owned; a lower number usually means partners share the rest.
- Royalties and streaming agreements — the percentage is often not the story; what matters economically is usually the royalty or stream rate, shown elsewhere alongside these figures.
- Oil and gas — read this as gross working interest only. Do not treat it as net production or net wells after royalties; when filings distinguish gross from net, that shows up in how the resource numbers themselves are labelled.
- Below 100% — the short summary for each project names other owners and their stakes when the source says who they are.
- NRI vs WI (O&G). Working interest (WI) is the obligation to pay a share of costs; net revenue interest (NRI) is the share of revenue after royalties and overriding-royalty interests. A 100% WI well rarely produces 100% NRI; typical onshore U.S. NRI is 75–87.5% of WI depending on the lease royalty.
- Operator vs non-operator. The operator runs day-to-day operations; non-operating partners pay their WI share of costs but do not run the asset. Some Portfolio rows show operator share where disclosed.
Unit codes, conversion cheat sheets, cost benchmarks (AISC, C1–C3), reporting standards (NI 43-101, JORC, SEC S-K 1300) and resource/reserve category definitions live in the full terminology & units reference.
Each table lists the numeric band for scores 1–5 (production and resource base; grade where applicable for mining commodities) using the same thresholds as project rating stat cards. Only commodities that appear on featured projects for this document are listed.
Gold
1 / 5
0–50 koz Au
0–1 Moz Au
0–1 g/t Au
2 / 5
50–125 koz Au
1–2.5 Moz Au
1–2 g/t Au
3 / 5
125–250 koz Au
2.5–5 Moz Au
2–5 g/t Au
4 / 5
250–500 koz Au
5–10 Moz Au
5–8 g/t Au
5 / 5
≥ 500 koz Au
≥ 10 Moz Au
≥ 8 g/t Au
Silver
1 / 5
0–1 Moz Ag
0–25 Moz Ag
0–50 g/t Ag
2 / 5
1–3 Moz Ag
25–75 Moz Ag
50–100 g/t Ag
3 / 5
3–7 Moz Ag
75–150 Moz Ag
100–200 g/t Ag
4 / 5
7–12 Moz Ag
150–225 Moz Ag
200–300 g/t Ag
5 / 5
≥ 12 Moz Ag
≥ 225 Moz Ag
≥ 300 g/t Ag
Copper
1 / 5
0–50 kt Cu
0–500 kt Cu
0–0.5 % Cu
2 / 5
50–125 kt Cu
500–2000 kt Cu
0.5–1 % Cu
3 / 5
125–250 kt Cu
2000–5000 kt Cu
1–1.5 % Cu
4 / 5
250–500 kt Cu
5000–10000 kt Cu
1.5–2 % Cu
5 / 5
≥ 500 kt Cu
≥ 10000 kt Cu
≥ 2 % Cu
Zinc
1 / 5
0–50 kt Zn
0–1 Mt Zn
0–2.5 % Zn
2 / 5
50–150 kt Zn
1–3 Mt Zn
2.5–5 % Zn
3 / 5
150–300 kt Zn
3–7 Mt Zn
5–8 % Zn
4 / 5
300–500 kt Zn
7–15 Mt Zn
8–12 % Zn
5 / 5
≥ 500 kt Zn
≥ 15 Mt Zn
≥ 12 % Zn
Lead
1 / 5
0–25 kt Pb
0–0.5 Mt Pb
0–1 % Pb
2 / 5
25–75 kt Pb
0.5–1.5 Mt Pb
1–2.5 % Pb
3 / 5
75–150 kt Pb
1.5–4 Mt Pb
2.5–5 % Pb
4 / 5
150–300 kt Pb
4–8 Mt Pb
5–8 % Pb
5 / 5
≥ 300 kt Pb
≥ 8 Mt Pb
≥ 8 % Pb
Nickel
1 / 5
0–10 kt Ni
0–100 kt Ni
0–0.6 % Ni
2 / 5
10–25 kt Ni
100–300 kt Ni
0.6–1.2 % Ni
3 / 5
25–50 kt Ni
300–700 kt Ni
1.2–1.8 % Ni
4 / 5
50–100 kt Ni
700–1500 kt Ni
1.8–2.5 % Ni
5 / 5
≥ 100 kt Ni
≥ 1500 kt Ni
≥ 2.5 % Ni
Cobalt
1 / 5
0–1 kt Co
0–20 kt Co
0–0.05 % Co
2 / 5
1–5 kt Co
20–50 kt Co
0.05–0.15 % Co
3 / 5
5–15 kt Co
50–150 kt Co
0.15–0.3 % Co
4 / 5
15–30 kt Co
150–300 kt Co
0.3–0.6 % Co
5 / 5
≥ 30 kt Co
≥ 300 kt Co
≥ 0.6 % Co
Iron
1 / 5
0–10 Mt Fe ore
0–100 Mt ore
0–25 % Fe
2 / 5
10–30 Mt Fe ore
100–500 Mt ore
25–40 % Fe
3 / 5
30–75 Mt Fe ore
500–2000 Mt ore
40–55 % Fe
4 / 5
75–150 Mt Fe ore
2000–5000 Mt ore
55–60 % Fe
5 / 5
≥ 150 Mt Fe ore
≥ 5000 Mt ore
≥ 60 % Fe
Uranium
1 / 5
0–2 Mlb U3O8
0–15 Mlb U3O8
0–0.05 % eU3O8
2 / 5
2–4 Mlb U3O8
15–40 Mlb U3O8
0.05–0.15 % eU3O8
3 / 5
4–6 Mlb U3O8
40–80 Mlb U3O8
0.15–0.25 % eU3O8
4 / 5
6–10 Mlb U3O8
80–150 Mlb U3O8
0.25–0.5 % eU3O8
5 / 5
≥ 10 Mlb U3O8
≥ 150 Mlb U3O8
≥ 0.5 % eU3O8
Thermal coal
1 / 5
0–1 Mtpa coal
0–50 Mt coal
0–4500 kcal/kg
2 / 5
1–3 Mtpa coal
50–200 Mt coal
4500–5500 kcal/kg
3 / 5
3–10 Mtpa coal
200–1000 Mt coal
5500–6000 kcal/kg
4 / 5
10–30 Mtpa coal
1000–3000 Mt coal
6000–6500 kcal/kg
5 / 5
≥ 30 Mtpa coal
≥ 3000 Mt coal
≥ 6500 kcal/kg
Met coal
1 / 5
0–0.8 Mtpa coal
0–35 Mt coal
0–4500 kcal/kg
2 / 5
0.8–2.5 Mtpa coal
35–100 Mt coal
4500–5500 kcal/kg
3 / 5
2.5–8 Mtpa coal
100–350 Mt coal
5500–6000 kcal/kg
4 / 5
8–22 Mtpa coal
350–1200 Mt coal
6000–6500 kcal/kg
5 / 5
≥ 22 Mtpa coal
≥ 1200 Mt coal
≥ 6500 kcal/kg
Molybdenum
1 / 5
0–5 Mlb Mo
0–50 Mlb Mo
0–0.03 % Mo
2 / 5
5–15 Mlb Mo
50–200 Mlb Mo
0.03–0.06 % Mo
3 / 5
15–30 Mlb Mo
200–500 Mlb Mo
0.06–0.12 % Mo
4 / 5
30–50 Mlb Mo
500–1000 Mlb Mo
0.12–0.2 % Mo
5 / 5
≥ 50 Mlb Mo
≥ 1000 Mlb Mo
≥ 0.2 % Mo
Potash
1 / 5
0–0.3 Mtpa KCl
0–25 Mt KCl
0–10 % K2O
2 / 5
0.3–1 Mtpa KCl
25–100 Mt KCl
10–15 % K2O
3 / 5
1–2 Mtpa KCl
100–300 Mt KCl
15–20 % K2O
4 / 5
2–4 Mtpa KCl
300–1000 Mt KCl
20–25 % K2O
5 / 5
≥ 4 Mtpa KCl
≥ 1000 Mt KCl
≥ 25 % K2O
Copper uses kt Cu bands (Mlb Cu when lb-scale copper resources appear on featured projects). Lithium grade uses hard-rock % Li₂O bands unless brine-style extraction or brine units appear on featured projects.
- Presented values are denominated in currency of the country where the company is headquartered. Values like market capitalization might differ from the values visible in other parts of the page, where the currency is always USD.
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