$211.1B
USD
Market cap · 2026–08 · week 31
🇦🇺 Australia, Melbourne
Country
Diversified
Sector
Copper · Iron · Senior · Producer · Canada · Chile · Australia
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
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 |
|---|---|---|
|
Gold
|
550.58 koz/yr
|
-
|
|
Silver
|
14.77 moz/yr
|
-
|
|
Copper
|
2 016.7 kt/yr
|
-
|
|
Uranium
|
6.95 mlb/yr
|
-
|
|
Iron
|
262.98 mt/yr
|
-
|
|
Zinc
|
108.61 kt/yr
|
-
|
|
Nickel
|
30.2 kt/yr
|
-
|
|
Thermal coal
|
15.04 mt/yr
|
-
|
|
Met coal
|
18.01 mt/yr
|
-
|
Commodity
Production
Reserves & Resources
Gold
550.58 koz/yr
-
Commodity
Production
Reserves & Resources
Silver
14.77 moz/yr
-
Commodity
Production
Reserves & Resources
Copper
2 016.7 kt/yr
-
Commodity
Production
Reserves & Resources
Uranium
6.95 mlb/yr
-
Commodity
Production
Reserves & Resources
Iron
262.98 mt/yr
-
Commodity
Production
Reserves & Resources
Zinc
108.61 kt/yr
-
Commodity
Production
Reserves & Resources
Nickel
30.2 kt/yr
-
Commodity
Production
Reserves & Resources
Thermal coal
15.04 mt/yr
-
Commodity
Production
Reserves & Resources
Met coal
18.01 mt/yr
-
Portfolio Aggregate — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
|
-
|
89.05 moz M&I; 27.24 moz Inferred
5/5
|
0.37 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
44 140 kt M&I; 16 700 kt Inferred
5/5
|
0.63 %
2/5
|
-
|
-
|
|
Uranium
|
-
|
4 508.45 mlb M&I; 1 529.13 mlb Inferred
5/5
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
89.05 moz M&I; 27.24 moz Inferred
5/5
0.37 g/t
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
-
4 508.45 mlb M&I; 1 529.13 mlb Inferred
5/5
-
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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
|
648.14 kt/yr
5/5
|
28 215.25 kt M&I; 27 611.5 kt Inferred
49 070 kt M&I; 48 020 kt Inferred
5/5
|
0.57 %
2/5
|
Unit Opex 1.35 USD/lb
|
reserves 24.2 yrs
resources 25+ yrs
|
|
Gold
|
97.22 koz/yr
2/5
|
-
|
-
|
-
|
-
|
|
Silver
|
3.94 moz/yr
3/5
|
-
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
648.14 kt/yr
5/5
28 215.25 kt M&I; 27 611.5 kt Inferred
49 070 kt M&I; 48 020 kt Inferred
5/5
0.57 %
2/5
Unit Opex 1.35 USD/lb
reserves 24.2 yrs
resources 25+ yrs
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
97.22 koz/yr
2/5
-
-
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Silver
3.94 moz/yr
3/5
-
-
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
|
1 077.5 mt M&I; 261 mt Inferred
2 155 mt M&I; 522 mt Inferred
4/5
|
-
|
-
|
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
1 077.5 mt M&I; 261 mt Inferred
2 155 mt M&I; 522 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
|
776.5 mt M&I; 250 mt Inferred
1 553 mt M&I; 500 mt Inferred
4/5
|
-
|
-
|
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
776.5 mt M&I; 250 mt Inferred
1 553 mt M&I; 500 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
|
750.5 mt M&I; 155 mt Inferred
1 501 mt M&I; 310 mt Inferred
4/5
|
-
|
-
|
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
750.5 mt M&I; 155 mt Inferred
1 501 mt M&I; 310 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Carrapateena
Asset
Australia, South Australia
Gold
4/5
Copper
3/5
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 |
|---|---|---|---|---|---|
|
Gold
|
-
|
5.68 moz M&I; 1.4 moz Inferred
4/5
|
0.26 g/t
1/5
|
-
|
-
|
|
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
-
5.68 moz M&I; 1.4 moz Inferred
4/5
0.26 g/t
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
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Ore type:
Oxide
Ore type:
Oxide
Processing route:
Heap leach, or acid leach and SX-EW
Processing route:
Heap leach, or acid leach and SX-EW
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
|
150.6 kt/yr
3/5
|
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
150.6 kt/yr
3/5
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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
|
223 mt M&I; 21.5 mt Inferred
446 mt M&I; 43 mt Inferred
3/5
|
-
|
-
|
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
223 mt M&I; 21.5 mt Inferred
446 mt M&I; 43 mt Inferred
3/5
-
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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
|
2 370 mt M&I; 210 mt Inferred
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
2 370 mt M&I; 210 mt Inferred
4 740 mt M&I; 420 mt Inferred
4/5
39.3 %
2/5
-
reserves 25+ yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
3/5
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
|
1 670.62 kt M&I; 1 744.88 kt Inferred
4 950 kt M&I; 5 170 kt Inferred
2/5
|
0.85 %
2/5
|
-
|
reserves 9.2 yrs
resources 25+ yrs
|
|
Zinc
|
108.61 kt/yr
2/5
|
1.62 mt M&I; 2.31 mt Inferred
4.81 mt M&I; 6.83 mt Inferred
2/5
|
0.7 %
1/5
|
-
|
reserves 10.5 yrs
resources 25+ 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
1 670.62 kt M&I; 1 744.88 kt Inferred
4 950 kt M&I; 5 170 kt Inferred
2/5
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
1.62 mt M&I; 2.31 mt Inferred
4.81 mt M&I; 6.83 mt Inferred
2/5
0.7 %
1/5
-
reserves 10.5 yrs
resources 25+ 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
|
-
|
2.19 moz M&I; 1.74 moz Inferred
2/5
|
0.84 g/t
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
-
2.19 moz M&I; 1.74 moz Inferred
2/5
0.84 g/t
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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
|
0.19 moz M&I; 0.14 moz Inferred
1/5
|
0.4 g/t
1/5
|
-
|
reserves 8.1 yrs
resources 25+ 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
0.19 moz M&I; 0.14 moz Inferred
1/5
0.4 g/t
1/5
-
reserves 8.1 yrs
resources 25+ 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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)
District · 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:
District / complex
Aggregation level:
District / 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
|
10 302 mt M&I; 14 152.5 mt Inferred
12 120 mt M&I; 16 650 mt Inferred
5/5
|
59.42 %
4/5
|
Unit Opex 19 USD/t
|
reserves 13.4 yrs
resources 25+ yrs
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Iron
256.6 mt/yr
5/5
10 302 mt M&I; 14 152.5 mt Inferred
12 120 mt M&I; 16 650 mt Inferred
5/5
59.42 %
4/5
Unit Opex 19 USD/t
reserves 13.4 yrs
resources 25+ yrs
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Copper South Australia
District
Australia, South Australia
GoldSilver
Mining
Type
Operating
Status
🇦🇺 Australia, South Australia
Country
Project information
As at 30 June 2025
Aggregation level:
District / complex
Aggregation level:
District / 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
|
172.56 koz/yr
3/5
|
-
|
-
|
-
|
-
|
|
Silver
|
0.91 moz/yr
1/5
|
-
|
-
|
-
|
-
|
|
Copper
|
101.9 kt/yr
2/5
|
-
|
-
|
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
172.56 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
101.9 kt/yr
2/5
-
-
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
Assumptions
- 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.
Disclaimer
- 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)
District · 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:
District / complex
Aggregation level:
District / 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Development · 12 projects
Oak Dam
Asset · Development
Australia, South Australia
Gold
5/5
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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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 |
|---|---|---|---|---|---|
|
Gold
|
-
|
14.22 moz reported total; 14.22 moz Inferred
5/5
|
0.33 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
8 840 kt reported total; 8 840 kt Inferred
4/5
|
0.66 %
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
14.22 moz reported total; 14.22 moz Inferred
5/5
0.33 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
8 840 kt reported total; 8 840 kt Inferred
4/5
0.66 %
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Gold
5/5
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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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 |
|---|---|---|---|---|---|
|
Gold
|
-
|
11.21 moz M&I; 23.13 moz Inferred
22.43 moz M&I; 46.27 moz Inferred
5/5
|
0.35 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
3 215 kt M&I; 11 250 kt Inferred
6 430 kt M&I; 22 500 kt Inferred
3/5
|
0.54 %
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
11.21 moz M&I; 23.13 moz Inferred
22.43 moz M&I; 46.27 moz Inferred
5/5
0.35 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
3 215 kt M&I; 11 250 kt Inferred
6 430 kt M&I; 22 500 kt Inferred
3/5
0.54 %
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Gold
4/5
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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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 |
|---|---|---|---|---|---|
|
Gold
|
-
|
4.86 moz M&I; 1.3 moz Inferred
9.72 moz M&I; 2.6 moz Inferred
3/5
|
0.25 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
2 320 kt M&I; 810 kt Inferred
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
Gold
-
4.86 moz M&I; 1.3 moz Inferred
9.72 moz M&I; 2.6 moz Inferred
3/5
0.25 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
2 320 kt M&I; 810 kt Inferred
4 640 kt M&I; 1 620 kt Inferred
3/5
0.25 %
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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.
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
|
-
|
192.5 mt M&I; 26 mt Inferred
385 mt M&I; 52 mt Inferred
3/5
|
-
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Met coal
-
192.5 mt M&I; 26 mt Inferred
385 mt M&I; 52 mt Inferred
3/5
-
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Fremantle Doctor
Asset · Development
Australia, South Australia
Gold
2/5
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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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 |
|---|---|---|---|---|---|
|
Gold
|
-
|
1.06 moz reported total; 1.06 moz Inferred
2/5
|
0.33 g/t
1/5
|
-
|
-
|
|
Copper
|
-
|
510 kt reported total; 510 kt Inferred
2/5
|
0.51 %
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
1.06 moz reported total; 1.06 moz Inferred
2/5
0.33 g/t
1/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
510 kt reported total; 510 kt Inferred
2/5
0.51 %
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Pantera
Asset · Development
Australia, Western Australia
Gold
1/5
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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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 |
|---|---|---|---|---|---|
|
Gold
|
-
|
0.14 moz M&I; 0.02 moz Inferred
1/5
|
0.14 g/t
1/5
|
-
|
-
|
|
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
Gold
-
0.14 moz M&I; 0.02 moz Inferred
1/5
0.14 g/t
1/5
-
-
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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Gold
3/5
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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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
|
-
|
4 536.75 kt M&I; 13 662 kt Inferred
7 890 kt M&I; 23 760 kt Inferred
3/5
|
0.55 %
2/5
|
-
|
-
|
|
Gold
|
-
|
2.51 moz M&I; 3.99 moz Inferred
4.36 moz M&I; 6.95 moz Inferred
3/5
|
0.1 g/t
1/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
4 536.75 kt M&I; 13 662 kt Inferred
7 890 kt M&I; 23 760 kt Inferred
3/5
0.55 %
2/5
-
-
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Gold
-
2.51 moz M&I; 3.99 moz Inferred
4.36 moz M&I; 6.95 moz Inferred
3/5
0.1 g/t
1/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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
|
-
|
391 kt M&I; 276 kt Inferred
680 kt M&I; 480 kt Inferred
1/5
|
0.5 %
2/5
|
-
|
-
|
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Copper
-
391 kt M&I; 276 kt Inferred
680 kt M&I; 480 kt Inferred
1/5
0.5 %
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Ore type:
Oxide
Ore type:
Oxide
Processing route:
Heap leach, or acid leach and SX-EW
Processing route:
Heap leach, or acid leach and SX-EW
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
|
-
|
540.5 kt M&I; 46 kt Inferred
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
-
540.5 kt M&I; 46 kt Inferred
940 kt M&I; 80 kt Inferred
2/5
0.59 %
2/5
-
-
Mining metrics — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- 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
Assumptions
- 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.
Disclaimer
- 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
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Western Australia Nickel
District · Suspended
Australia, Western Australia
NickelCobalt
Mining
Type
Suspended
Status
🇦🇺 Australia, Western Australia
Country
Project information
As at 30 June 2025
Aggregation level:
District / complex
Aggregation level:
District / complex
Report standard:
Jorc
Report standard:
Jorc
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Underground
Extraction:
Underground
Ore type:
Sulphide
Ore type:
Sulphide
Processing route:
Grinding and flotation, or CIL
Processing route:
Grinding and flotation, or CIL
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
Assumptions
- 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.
Disclaimer
- 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.
Assumptions
- 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
Reserves & Resources estimated from projects; Production mixed (Portfolio Aggregate + est. from projects) · Multiple effective dates
| Commodity | |||
|---|---|---|---|
| Production (rating) | Reserves & Resources (rating) | Production value (est.) | |
|
Gold
|
550.58 koz/yr
5/5
|
131.12 moz M&I; 74.24 moz Inferred
5/5
est. from 10 of 11 projects
|
$2.3B (3%)
USD 4,108.64 / oz
|
|
Silver
|
14.77 moz/yr
5/5
|
-
|
$879.6M (1%)
USD 59.54 / 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
|
$27.5B (42%)
USD 13,627.65 / t
|
|
Uranium
|
6.95 mlb/yr
4/5
|
4 508.45 mlb M&I; 1 529.13 mlb Inferred
5/5
est. from projects
|
$593.1M (<1%)
USD 85.3 / lb
|
|
Iron
|
262.98 mt/yr
5/5
|
12 672 mt M&I; 14 362.5 mt Inferred
5/5
est. from projects
|
$28.8B (44%)
USD 109.43 / t
|
|
Zinc
|
108.61 kt/yr
2/5
|
1.62 mt M&I; 2.31 mt Inferred
2/5
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
|
$500.1M (<1%)
USD 16,558 / 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 (6%)
≈ $200 / t met coal
|
|
Molybdenum
|
2.97 kt/yr
2/5
est. from projects
|
-
|
-
|
|
Lead
|
2.23 kt/yr
1/5
est. from projects
|
-
|
-
|
|
Cobalt
|
0.45 kt/yr
1/5
est. from projects
|
-
|
-
|
|
Potash
|
-
|
1 338.9 mt M&I; 327.7 mt Inferred
5/5
est. from projects
|
-
|
Gold
Production (rating)
Reserves & Resources (rating)
Production value (est.)
550.58 koz/yr
5/5
131.12 moz M&I; 74.24 moz Inferred
5/5
est. from 10 of 11 projects
$2.3B (3%)
USD 4,108.64 / oz
Silver
Production (rating)
Reserves & Resources (rating)
Production value (est.)
14.77 moz/yr
5/5
-
$879.6M (1%)
USD 59.54 / 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
$27.5B (42%)
USD 13,627.65 / t
Uranium
Production (rating)
Reserves & Resources (rating)
Production value (est.)
6.95 mlb/yr
4/5
4 508.45 mlb M&I; 1 529.13 mlb Inferred
5/5
est. from projects
$593.1M (<1%)
USD 85.3 / lb
Iron
Production (rating)
Reserves & Resources (rating)
Production value (est.)
262.98 mt/yr
5/5
12 672 mt M&I; 14 362.5 mt Inferred
5/5
est. from projects
$28.8B (44%)
USD 109.43 / t
Zinc
Production (rating)
Reserves & Resources (rating)
Production value (est.)
108.61 kt/yr
2/5
1.62 mt M&I; 2.31 mt Inferred
2/5
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
$500.1M (<1%)
USD 16,558 / 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 (6%)
≈ $200 / t met coal
Molybdenum
Production (rating)
Reserves & Resources (rating)
Production value (est.)
2.97 kt/yr
2/5
est. from projects
-
-
Lead
Production (rating)
Reserves & Resources (rating)
Production value (est.)
2.23 kt/yr
1/5
est. from projects
-
-
Cobalt
Production (rating)
Reserves & Resources (rating)
Production value (est.)
0.45 kt/yr
1/5
est. from projects
-
-
Potash
Production (rating)
Reserves & Resources (rating)
Production value (est.)
-
1 338.9 mt M&I; 327.7 mt Inferred
5/5
est. from projects
-
Portfolio Aggregate
Multiple effective dates
| Portfolio Aggregate | ||||
|---|---|---|---|---|
| Commodity | Production | Reserves & Resources | ||
|
|
Σ Portfolio · BHP Group Portfolio
|
Gold
|
550.58 koz/yr
|
-
|
|
|
|
Silver
|
14.77 moz/yr
|
-
|
|
|
|
Copper
|
2 016.7 kt/yr
|
-
|
|
|
|
Uranium
|
6.95 mlb/yr
|
-
|
|
|
|
Iron
|
262.98 mt/yr
|
-
|
|
|
|
Zinc
|
108.61 kt/yr
|
-
|
|
|
|
Nickel
|
30.2 kt/yr
|
-
|
|
|
|
Thermal coal
|
15.04 mt/yr
|
-
|
|
|
|
Met coal
|
18.01 mt/yr
|
-
|
Σ Portfolio · BHP Group Portfolio
Commodity
Production
Reserves & Resources
Gold
550.58 koz/yr
-
Commodity
Production
Reserves & Resources
Silver
14.77 moz/yr
-
Commodity
Production
Reserves & Resources
Copper
2 016.7 kt/yr
-
Commodity
Production
Reserves & Resources
Uranium
6.95 mlb/yr
-
Commodity
Production
Reserves & Resources
Iron
262.98 mt/yr
-
Commodity
Production
Reserves & Resources
Zinc
108.61 kt/yr
-
Commodity
Production
Reserves & Resources
Nickel
30.2 kt/yr
-
Commodity
Production
Reserves & Resources
Thermal coal
15.04 mt/yr
-
Commodity
Production
Reserves & Resources
Met coal
18.01 mt/yr
-
Portfolio Summary — Assumptions & Disclaimers
Assumptions
- Figures marked “est. from projects” are rolled up from individual project disclosures rather than taken from the issuer’s consolidated Portfolio Aggregate. Asset-level rows are summed together with district / segment rollup rows that hold disclosure their own listed assets do not; a rollup whose listed assets carry the figure themselves is excluded, so nothing is double-counted. 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 (10 of 11 projects).
Production centres & complexes · 17 projects
Multiple effective dates · inclusive
| Project | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Location | Status | Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime | ||
|
|
Ownership 50.0% WI · Equity method
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
18.01 mt/yr
4/5
|
-
|
-
|
Unit Opex 122 USD/t
|
-
|
|
|
—
Ownership 50.0% WI · Equity method
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
5.84 mt/yr
3/5
|
1 077.5 mt M&I; 261 mt Inferred
2 155 mt M&I; 522 mt Inferred
4/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
—
Ownership 50.0% WI · Equity method
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
4.07 mt/yr
3/5
|
776.5 mt M&I; 250 mt Inferred
1 553 mt M&I; 500 mt Inferred
4/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
—
Ownership 50.0% WI · Equity method
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
3.53 mt/yr
3/5
|
223 mt M&I; 21.5 mt Inferred
446 mt M&I; 43 mt Inferred
3/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
—
Ownership 50.0% WI · Equity method
|
🇦🇺 Australia
Bowen Basin, Queensland
|
Operating
|
Met coal
|
4.57 mt/yr
3/5
|
750.5 mt M&I; 155 mt Inferred
1 501 mt M&I; 310 mt Inferred
4/5
|
-
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
172.56 koz/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
Silver
|
0.91 moz/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Copper
|
101.9 kt/yr
2/5
|
-
|
-
|
Unit Opex 1.25 USD/lb
|
-
|
|
|
|
|
|
Uranium
|
6.95 mlb/yr
4/5
|
-
|
-
|
-
|
-
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
-
|
89.05 moz M&I; 27.24 moz Inferred
5/5
|
0.37 g/t
1/5
|
-
|
-
|
|
|
|
|
|
|
Copper
|
-
|
44 140 kt M&I; 16 700 kt Inferred
5/5
|
0.63 %
2/5
|
-
|
-
|
|
|
|
|
|
Uranium
|
-
|
4 508.45 mlb M&I; 1 529.13 mlb Inferred
5/5
|
-
|
-
|
-
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
-
|
5.68 moz M&I; 1.4 moz Inferred
4/5
|
0.26 g/t
1/5
|
-
|
-
|
|
|
|
|
|
|
Copper
|
-
|
4 170 kt M&I; 870 kt Inferred
3/5
|
0.61 %
2/5
|
-
|
-
|
|
|
🇦🇺 Australia
South Australia
|
Operating
|
Gold
|
-
|
2.19 moz M&I; 1.74 moz Inferred
2/5
|
0.84 g/t
1/5
|
-
|
-
|
|
|
|
|
|
|
Copper
|
-
|
980 kt M&I; 460 kt Inferred
2/5
|
1.18 %
3/5
|
-
|
-
|
|
|
Ownership 85.0% WI · Consolidated · NCI 15.0%
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
256.6 mt/yr
5/5
|
10 302 mt M&I; 14 152.5 mt Inferred
12 120 mt M&I; 16 650 mt Inferred
5/5
|
59.42 %
4/5
|
Unit Opex 19 USD/t
|
reserves 13.4 yrs
resources 25+ yrs
|
|
|
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
119.11 mt/yr
4/5
|
-
|
-
|
-
|
-
|
|
|
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
57.27 mt/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
54.22 mt/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
|
🇦🇺 Australia
Pilbara, Western Australia
|
Operating
|
Iron
|
15.89 mt/yr
2/5
|
-
|
-
|
-
|
-
|
|
|
🇦🇺 Australia
Western Australia
|
Suspended
|
Nickel
|
30.2 kt/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
|
Cobalt
|
0.45 kt/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
— |
🇦🇺 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 Gold
|
172.56 koz/yr
Est. revenue 2%
|
97 moz; 30 moz Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Silver
|
0.91 moz/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Copper
|
101.9 kt/yr
Est. revenue 4%
|
49 290 kt; 18 030 kt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Uranium
|
6.95 mlb/yr
Est. revenue 2%
|
4 508 mlb; 1 529 mlb Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Iron
|
246.49 mt/yr
Est. revenue 80%
|
10 302 mt; 14 153 mt Inferred
12 120 mt; 16 650 mt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Nickel
|
30.2 kt/yr
Est. revenue 1%
|
1 765 kt; 453 kt Inferred
|
-
|
-
|
-
|
|
|
|
|
|
Σ Cobalt
|
0.45 kt/yr
Est. revenue 0%
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Σ Met coal
|
18.01 mt/yr
Est. revenue 11%
|
2 828 mt; 688 mt Inferred
5 655 mt; 1 375 mt Inferred
incl. ~100% equity-accounted
|
-
|
-
|
-
|
Ownership 50.0% WI · Equity method
🇦🇺 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
-
—
Ownership 50.0% WI · Equity method
🇦🇺 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
1 077.5 mt M&I; 261 mt Inferred
2 155 mt M&I; 522 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
—
Ownership 50.0% WI · Equity method
🇦🇺 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
776.5 mt M&I; 250 mt Inferred
1 553 mt M&I; 500 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
—
Ownership 50.0% WI · Equity method
🇦🇺 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
223 mt M&I; 21.5 mt Inferred
446 mt M&I; 43 mt Inferred
3/5
-
-
reserves 25+ yrs
resources 25+ yrs
—
Ownership 50.0% WI · Equity method
🇦🇺 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
750.5 mt M&I; 155 mt Inferred
1 501 mt M&I; 310 mt Inferred
4/5
-
-
reserves 25+ yrs
resources 25+ yrs
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
172.56 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
101.9 kt/yr
2/5
-
-
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
-
-
-
-
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
-
89.05 moz M&I; 27.24 moz Inferred
5/5
0.37 g/t
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
-
4 508.45 mlb M&I; 1 529.13 mlb Inferred
5/5
-
-
-
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
-
5.68 moz M&I; 1.4 moz Inferred
4/5
0.26 g/t
1/5
-
-
Status
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
-
-
🇦🇺 Australia
South Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Gold
-
2.19 moz M&I; 1.74 moz Inferred
2/5
0.84 g/t
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 85.0% WI · Consolidated · NCI 15.0%
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
256.6 mt/yr
5/5
10 302 mt M&I; 14 152.5 mt Inferred
12 120 mt M&I; 16 650 mt Inferred
5/5
59.42 %
4/5
Unit Opex 19 USD/t
reserves 13.4 yrs
resources 25+ yrs
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
119.11 mt/yr
4/5
-
-
-
-
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
57.27 mt/yr
3/5
-
-
-
-
—
Ownership 85.0% WI · Consolidated · NCI 15.0%
🇦🇺 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 85.0% WI · Consolidated · NCI 15.0%
🇦🇺 Australia
Pilbara, Western Australia
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Operating
Iron
15.89 mt/yr
2/5
-
-
-
-
🇦🇺 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
-
-
-
-
—
🇦🇺 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 Gold
172.56 koz/yr
Est. revenue 2%
97 moz; 30 moz Inferred
-
-
-
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
101.9 kt/yr
Est. revenue 4%
49 290 kt; 18 030 kt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Uranium
6.95 mlb/yr
Est. revenue 2%
4 508 mlb; 1 529 mlb Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Iron
246.49 mt/yr
Est. revenue 80%
10 302 mt; 14 153 mt Inferred
12 120 mt; 16 650 mt Inferred
-
-
-
Status
Commodity
Production (rating)
Reserves & Resources (rating)
Grade (rating)
Costs
Estimated Lifetime
Σ Nickel
30.2 kt/yr
Est. revenue 1%
1 765 kt; 453 kt Inferred
-
-
-
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 11%
2 828 mt; 688 mt Inferred
5 655 mt; 1 375 mt Inferred
incl. ~100% equity-accounted
-
-
-
Production centres & complexes · 17 projects — Assumptions & Disclaimers
Assumptions
- 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.
Disclaimer
- 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 · 23 projects
Multiple effective dates · inclusive · standalone
| Project | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Location | Status | Commodity | Production (rating) | Reserves & Resources (rating) | Grade (rating) | Costs | Estimated Lifetime | ||
|
|
Ownership 57.5% WI · Consolidated · NCI 42.5%
|
🇨🇱 Chile
Antofagasta
|
Operating
|
Copper
|
648.14 kt/yr
5/5
|
28 215.25 kt M&I; 27 611.5 kt Inferred
49 070 kt M&I; 48 020 kt Inferred
5/5
|
0.57 %
2/5
|
Unit Opex 1.35 USD/lb
|
reserves 24.2 yrs
resources 25+ yrs
|
|
|
|
|
|
Gold
|
97.22 koz/yr
2/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Silver
|
3.94 moz/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
Ownership 33.8% WI · Equity method
|
🇵🇪 Peru
Áncash
|
Operating
|
Copper
|
118.9 kt/yr
2/5
|
1 670.62 kt M&I; 1 744.88 kt Inferred
4 950 kt M&I; 5 170 kt Inferred
2/5
|
0.85 %
2/5
|
-
|
reserves 9.2 yrs
resources 25+ yrs
|
|
|
|
|
|
Zinc
|
108.61 kt/yr
2/5
|
1.62 mt M&I; 2.31 mt Inferred
4.81 mt M&I; 6.83 mt Inferred
2/5
|
0.7 %
1/5
|
-
|
reserves 10.5 yrs
resources 25+ yrs
|
|
|
|
|
|
Silver
|
4.16 moz/yr
3/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Molybdenum
|
2.28 kt/yr
2/5
|
-
|
-
|
-
|
-
|
|
|
|
|
|
Lead
|
2.23 kt/yr
1/5
|
-
|
-
|
-
|
-
|
|
|
🇧🇷 Brazil
Pará
|
Operating
|
Gold
|
7.31 koz/yr
1/5
|
0.19 moz M&I; 0.14 moz Inferred
1/5
|
0.4 g/t
1/5
|
-
|
reserves 8.1 yrs
resources 25+ 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
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 50.0% WI · Equity method
|
🇧🇷 Brazil
Minas Gerais
|
Operating
|
Iron
|
6.38 mt/yr
1/5
|
2 370 mt M&I; 210 mt Inferred
4 740 mt M&I; 420 mt Inferred
4/5
|
39.3 %
2/5
|
-
|
reserves 25+ yrs
resources 25+ yrs
|
|
|
🇨🇱 Chile
Antofagasta
|
Operating
|
Copper
|
150.6 kt/yr
3/5
|
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
|
-
|
-
|
-
|
-
|
|
|
🇨🇦 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 · Equity method
|
🇦🇷 Argentina
San Juan
|
Development
|
Gold
|
-
|
11.21 moz M&I; 23.13 moz Inferred
22.43 moz M&I; 46.27 moz Inferred
5/5
|
0.35 g/t
1/5
|
-
|
-
|
|
|
|
|
|
Copper
|
-
|
3 215 kt M&I; 11 250 kt Inferred
6 430 kt M&I; 22 500 kt Inferred
3/5
|
0.54 %
2/5
|
-
|
-
|
|
|
🇦🇺 Australia
South Australia
|
Development
|
Gold
|
-
|
1.06 moz reported total; 1.06 moz Inferred
2/5
|
0.33 g/t
1/5
|
-
|
-
|
|
|
|
|
|
|
|