First Quantum Minerals Ltd. announced the passing of one of its founders and Chairman, Philip Pascall, on September 19, 2023. Philip passed away peacefully at home in Perth, Western Australia. Philip co-founded First Quantum in 1996, serving as the Chairman since its inception and Chief Executive Officer until 2022.

Under his leadership, Philip instilled an entrepreneurial and bold culture that saw the Company grow from a 10,000 tonnes tailings re-processor with the Bwana Mkubwa project in Zambia to one of the world's largest copper producers with operations spanning five continents and employing more than 20,000 people globally. Amongst the many legacies he leaves behind, the greatest source of Philip's pride were the many programs for the local communities in which First Quantum Minerals operates, bringing improved standards of health and education in often remote places. The Board of Directors have voted to elect Robert Harding, Lead Independent Director, as the Company's Interim Chairman.

Mr. Harding has been a Director of the Company since 2013 and has a full understanding of the Company's operations and unique culture. In his role as Chair of the Nominating and Governance Committee, Mr. Harding oversaw the Company's succession planning process that led to the appointment of Tristan Pascall to the role of Chief Executive Officer in May 2022.