Investor Presentaiton
AUSTRALIA MANGANESE
Progressing studies to extend the operation's life into the next decade
Australia Manganese mining areas and infrastructure
Port
and
processing
plant
GROOTE EYLANDT
Western Leases
•
•
SOUTH32
We have approved the Eastern Lease South life extension project, with first ore expected FY25
Low capital (US$44M(b)), high-returning project (IRR >50% 16) that extends the operation's life to
at least FY28(c)
Additional study work underway on other areas within our existing operating footprint and the
Southern Areas, to potentially extend the operation's life into the next decade
Manganese ore production and average manganese content of external ore sales
(kwmt, LHS; % Mn, RHS)
4,000 5.1
5.2
7.7
7.1
6.2
6.0
4.9
Gulf
3,000
of
Eastern Leases
Carpentaria
2,000
Southern Areas
(accessible areas)
1,000
Southern Areas
(inaccessible areas(a))
FY22 FY23e FY24e
FY25e FY26e FY27e
Manganese ore production (60% share) (kwmt)
○ Strip ratio (the ratio of overburden to manganese ore)
Notes:
a.
b.
A portion of Southern Areas is currently inaccessible due to water catchment and cultural heritage considerations.
South32 share, with expected capital expenditure of US$35M in FY24e and US$9M in FY25e.
C.
Refer to important notices (slide 2) for additional disclosure.
FY28e
50%
40%
I
Potential to extend resource life
I within existing operating footprint !
and Southern Areas
30%
I
FY29e
20%
10%
0%
Average manganese content of external ore sales (% Mn)
SLIDE 20View entire presentation