Core Viewpoint - The latest mineral resource and ore reserve statement from MMG shows significant increases in various metals, indicating successful exploration and resource replenishment efforts across its mining operations [1][2]. Group 1: Mineral Resource Changes - The company's mineral resources (including metal content) have increased for copper (3%), lead (5%), molybdenum (10%), silver (3%), and gold (29%) [1]. - Conversely, there has been a decrease in mineral resources for zinc (-0.5%) and cobalt (-2%) [1]. Group 2: Ore Reserve Changes - The company's ore reserves (including metal content) have increased for zinc (13%), lead (10%), cobalt (3%), molybdenum (5%), and gold (10%) [1]. - However, there has been a decrease in ore reserves for copper (-2%) and silver (-5%) [1]. Group 3: Exploration and Resource Replenishment - The results indicate that MMG's mining operations have effectively replenished resource consumption through ongoing exploration and resource transfer drilling [1]. - Significant improvements in mineral resources and ore reserves have been achieved at the Rosebery and Dugald River mines through geological and mining studies [1]. - The Las Bambas mine's Ferrobamba open-pit resource has also been enhanced, successfully compensating for copper resource consumption for the second consecutive year [1]. Group 4: New Reporting Areas - The Kinsevere mine's mining studies have led to the first reporting of ore reserves in the Nambulwa and Dianzenza (DZ) areas [2]. - The mineral resource quantity in the Kimbwe Kafubu area has nearly doubled compared to 2024 [2].