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SECTION 04 · GEOLOGICAL ENDOWMENT & RESERVE LIFE

Global Critical Mineral Reserves & Reserve-to-Production (`R/P`) Ratios

USGS reserves represent that part of the identified resource base that could be economically extracted or produced at the time of determination. Where global proven reserves and 2025 world production are reported on an identical unit basis, the Reserve-to-Production (`R/P`) Ratio indicates how many years of current annual output are contained in current proven reserves.

Global Proven Reserves & R/P Horizon Ledger (26 Quantified Profiles)

Specimen Reserve Basis & Unit World Reserves #1 Reserve Holder Leader Share 2025 Output Implied R/P Horizon
Antimony (Sb) Reserves (metric tons) 2,000,000 China - 110,000 18.2 yrs
Barite (BaSO₄) Reserves (thousand metric tons) NA China - 8,700 Different basis
Bauxite (Ore) Bauxite reserves (thousand metric dry tons) 29,000,000 Guinea 25.5% 440,000 65.9 yrs
Chromium (Cr) Reserves: Cr2O3 content (thousand metric tons) 540,000 South Africa - 51,000 10.6 yrs
Cobalt (Co) Reserves (metric tons) 12,000,000 Democratic Republic of the Congo 50.0% 310,000 38.7 yrs
Copper (Cu) Reserves (thousand metric tons) 980,000 Chile 18.4% 23,000 42.6 yrs
Fluorspar (CaF₂) Reserves (thousand metric tons) 330,000 China 33.3% 10,000 33 yrs
Natural graphite (C) Reserves (metric tons) 310,000,000 China 32.3% 1,800,000 172.2 yrs
Lead (Pb) Reserves (thousand metric tons) 95,000 Australia 35.8% 4,500 21.1 yrs
Lithium (Li) Reserves (metric tons) 37,000,000 Chile 24.9% 290,000 127.6 yrs
Manganese (Mn) Reserves (thousand metric tons) 1,700,000 Australia 34.1% 20,000 85 yrs
Nickel (Ni) Reserves (metric tons) 140,000,000 Indonesia - 3,900,000 35.9 yrs
Niobium (Nb) Reserves (metric tons) 21,000,000 Brazil - 112,000 187.5 yrs
Phosphate rock (P) Reserves (thousand metric tons) 73,000,000 Morocco 68.5% 250,000 292 yrs
Platinum-group metals (PGM) PGM reserves (kilograms) 76,000,000 South Africa - 190,000 400 yrs
Potash (K₂O) Reserves: K2O equivalent (thousand metric tons) 5,900,000 Russia - 49,000 120.4 yrs
Rare earths (REE) Reserves (metric tons) 85,000,000 China - 390,000 217.9 yrs
Rhenium (Re) Reserves (kilograms) Large Chile - 81,000 Different basis
Silver (Ag) Reserves (metric tons) 610,000 Peru 18.0% 26,000 23.5 yrs
Tantalum (Ta) Reserves (metric tons) NA China - 2,500 Different basis
Tin (Sn) Reserves (metric tons) 6,000,000 Indonesia - 290,000 20.7 yrs
Titanium minerals (Ti) Reserves: ilmenite (thousand metric tons) 490,000 Australia - 9,400 52.1 yrs
Tungsten (W) Reserves (metric tons) 4,700,000 China - 85,000 55.3 yrs
Vanadium (V) Reserves (metric tons) 21,000,000 Australia 47.6% 110,000 190.9 yrs
Zinc (Zn) Reserves (thousand metric tons) 240,000 Australia 26.7% 13,000 18.5 yrs
Zirconium & hafnium (Zr / Hf) Zirconium reserves(thousand metric tons, ZrO2 content) (thousand metric tons) 70,000 Australia - 1,200 58.3 yrs