OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor BHP ASX

BHP Group Limited

Producer · Copper · Iron Ore · Others · Potash · CL · AU · PE · CA · AR · US · BR Rating locked: sign in to view v8 · bhp-20261024t141016-full
Last 2026-11-06
A$57.62
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$292.8B
EV
A$305.2B
Cash
US$18.4B
Debt
US$23.6B
3 newer ASX announcements not yet reflected in this valuation

Portfolio detail

Assets

15 assets

Core asset

Escondida

CL

Producer57.5% ownedCopperGoldSilver

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
717.4k td
Production (last FY, 100%)
1.3m t
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
26.0 yrsd
Head grade
0.9%

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal18B t0.549473% copperCopper2026-06-30
Ore Reservetotal6.1B t0.539836% copperCopper2026-06-30

Material

Spence

CL

Producer100% ownedCopperSilver

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
218.0k td
Production (last FY, 100%)
212.6k t
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
21.8 yrsd
Head grade
0.6%

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal2.2B t0.434544% copperCopper2026-06-30
Ore Reservetotal871.9M t0.531525% copperCopper2026-06-30

Core asset

Copper South Australia operating system

AU

Producer100% ownedCopperGoldSilverUranium

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
360.8k td
Production (last FY, 100%)
320.7k t
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Material

Antamina

PE

Producer33.75% ownedCopperZincSilverLead

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
141.2k td
Production (last FY, 100%)
448.9k td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
10.1 yrsd
Head grade
1%

Project location

Location confirmed

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal2.1B t0.92295% copperCopper2026-06-30
Ore Reservetotal505M t0.898812% copperCopper2026-06-30

Core asset

Western Australia Iron Ore

AU

Producer85% ownedIron Ore

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
254.5m td
Production (last FY, 100%)
291.2m t
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal27.6B t59.3337% Fe on dry weight basisIron Ore2026-06-30
Ore Reservetotal4B t61.5485% Fe on dry weight basisIron Ore2026-06-30

Material

BHP Mitsubishi Alliance

AU

Producer50% ownedOthers

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
22.6m td
Production (last FY, 100%)
37.3m td
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
29.6 yrsd
Head grade
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal8B tQuality basis is not a metal percentage; marketable coal tonnes.Others2026-06-30
Ore Reservetotal1.1B tQuality basis is not a metal percentage; marketable coal tonnes.Others2026-06-30

Material

Mt Arthur / NSW Energy Coal

AU

Producer100% ownedOthers

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
16.8m td
Production (last FY, 100%)
16.4m t
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
3.8 yrsd
Head grade
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal89M tQuality basis is not a metal percentage; marketable coal tonnes.Others2026-06-30
Ore Reservetotal62M tQuality basis is not a metal percentage; marketable coal tonnes.Others2026-06-30

Material

Jansen Stages 1 and 2

CA

Construction100% ownedPotash

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Developer · Construction
Study
—
Post-tax NPV (study prices, attributable)
—
NPV restated at our deck (attributable)
Locked
IRR
—
Initial capex (100%)
US$15.3bd
Capital intensity
—
LoM AISC
—
Mine life
—

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVUS$8.8B7% discount
Initial capexUS$15.3BPublished capital estimate

100% recoverable amount, future capital already included. Expenditure US$8.4bn Stage1 plus US$6.9bn Stage2.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal6.5B t25.6% potashPotash2026-06-30
Ore Reservetotal1.1B t24.9% potashPotash2026-06-30
Economic studies1
StudyStageStatusDateSummary
June 2026 audited Jansen recoverable amountUpdated FeasibilityCurrent2026-08-18US$8.8bn fair value less costs of disposal, discounted post-tax real 7%; approved Stages 1/2 and risked potential expansions. Private potash curve not disclosed.

Material

Vicuña / Filo del Sol and Josemaria

AR · CL

Scoping Study Developer50% ownedCopperGoldSilver

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Resource / scoping · Scoping study developer
Contained metal (attributable)
23.3m td
Resource grade
—
% Measured + Indicated
—
Resource tonnes
14,822.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
NPVUS$9.5B8% discount
IRR14.8%Published return
Initial capexUS$18.1BPublished capital estimate
Operating cost1.38USD/lb

100% gross all stages; annual copper LOM equals 22.3Mt/70, first 25 years 395kt is a different horizon.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal14.8B tQuality basis is not a metal percentage; marketable coal tonnes.Copper2025-10-31
Economic studies1
StudyStageStatusDateSummary
Vicuña Integrated Preliminary Economic AssessmentScoping StudyCurrent2026-02-16Gross 100% three-stage study, NPV8 US$9.5bn; inferred resources and later stages preliminary. Source economics already deduct US$18.1bn stage capital, third-party infrastructure fees and closure.

Material

Resolution Copper

US

Resource Stage45% ownedCopper

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Resource / scoping · Resource stage
Contained metal (attributable)
12.7m td
Resource grade
1.5%d
% Measured + Indicated
—
Resource tonnes
1,860.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Location confirmed

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal1.9B t1.52% copperCopper2026-06-30

Material

Oak Dam

AU

Resource Stage100% ownedCopperGoldUranium

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Resource / scoping · Resource stage
Contained metal (attributable)
—
Resource grade
0.7%d
% Measured + Indicated
—
Resource tonnes
1.3b td
Our value per attrib. contained unit
Locked
Mining method
—

Project location

Location confirmed

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourceinferred1.3B t0.66% copperCopper2026-06-30

Material

Cerro Colorado

CL

Care And Maintenance100% ownedCopper

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Care and maintenance · Care and maintenance
Nameplate capacity
—
Restart capex
US$1.7bd
Contained metal (attributable)
9.0m td
Last production year
—
Target restart
—

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal2.2B t0.407364% copperCopper2026-06-30

Material

Nickel West operating system

AU

Care And Maintenance100% ownedNickelCobalt

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Care and maintenance · Care and maintenance
Nameplate capacity
—
Restart capex
—
Contained metal (attributable)
7.1m td
Last production year
2,024 year
Target restart
—

Project location

Approximate location

Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal1.1B t0.666857% nickelNickel2026-06-30

Material

West Musgrave

AU

Care And Maintenance100% ownedNickelCopper

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Care and maintenance · Care and maintenance
Nameplate capacity
—
Restart capex
—
Contained metal (attributable)
1.2m td
Last production year
Never produced
Target restart
—
Resources & reserves1
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal390M t0.305128% nickelNickel2026-06-30

Material

Samarco

BR

Producer50% ownedIron Ore

Active disclosed economic interest at cutoff; physical and economic scope reconciled to the FY26 issuer documents.

Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—
Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal5.1B t38.6000% Fe on dry weight basisIron Ore2026-06-30
Ore Reservetotal797M t42.7000% Fe on dry weight basisIron Ore2026-06-30

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)

Stock database

Other assets

Plants, holdings and assets valued inside a project
Carrapateena · Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—
Chimborazo · Resource / scoping · Resource stage
Contained metal (attributable)
667.6k td
Resource grade
0.5%d
% Measured + Indicated
—
Resource tonnes
215.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—
Escondida concentrators and leach circuits · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Faraday Copper listed equity interest · Equity investment · Held
Investee
Faraday Copper Corp.
Holding
—
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Fremantle Doctor · Resource / scoping · Resource stage
Contained metal (attributable)
510.0k td
Resource grade
0.5%d
% Measured + Indicated
—
Resource tonnes
100.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—
Hay Point coal terminal · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Jansen surface processing and rail · Processing plant / refinery · Construction
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Kwinana refinery and Kalgoorlie smelter · Processing plant / refinery · Care and maintenance
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Newcastle Coal Infrastructure Group · Equity investment · Held
Investee
Newcastle Coal Infrastructure Group
Holding
28%
Shares held
—
Market value
—
% of holder's market cap
—
Cost basis
—
Olympic Dam smelter and refinery · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Olympic Dam · Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—
Pampa Escondida · Resource / scoping · Resource stage
Contained metal (attributable)
18.1m td
Resource grade
0.5%d
% Measured + Indicated
—
Resource tonnes
6,840.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—
Pinta Verde · Resource / scoping · Resource stage
Contained metal (attributable)
741.8k td
Resource grade
0.5%d
% Measured + Indicated
—
Resource tonnes
240.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—
Prominent Hill · Producer · Producer
Production annualised (attributable)
—
Production (last FY, 100%)
—
AISC (latest quarter)
—
AISC margin at spot
—
Delivery vs guidance
—
Reserve life
—
Head grade
—
Spence concentrator and cathode circuit · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—
Succoth · Resource / scoping · Resource stage
Contained metal (attributable)
648.0k td
Resource grade
0.5%d
% Measured + Indicated
—
Resource tonnes
120.00 Mtd
Our value per attrib. contained unit
Locked
Mining method
—
WAIO rail and ports · Processing plant / refinery · Operating
Product and spec
—
Nameplate capacity
—
Throughput (12M)
—
Utilisation
—
Capital intensity (capex / tpa)
—
Feed source
—
Offtake contracted
—