Name of the Project
Zafranal copper project.

Location
Porphyry copperbelt of southern Peru, in the Arequipa Region.

Project Owner/s
Compañía Minera Zafranal, a joint venture between Teck Resources (80%) and Mitsubishi Materials Corporation (20%).

Project Description
The project will produce copper and gold concentrates through an openpit mining and conventional concentration process over a 19-year expected mine life.

The mine and concentrator are expected to produce an average of 133 000 t of copper contained in concentrate during its first five years of production.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Zarfranal received regulatory approval for the project in May 2023. The project could be positioned for a final investment decision as early as the first half of 2024.

Latest Developments
None stated.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Teck Resources, tel +1 604 699 4257 or email investors@teck.com.
Mitsubishi Materials Corporation, tel +81 3 5252 5206.