FY22 Overview & Safety Program Update slide image

FY22 Overview & Safety Program Update

HERMOSA PROJECT - TAYLOR CAPITAL EXPENDITURE III SOUTH32 Our FY23 investment in orebody dewatering, studies and early site works was included in our Taylor PFS capital estimate PFS pre-production capital expenditure (a) (US$M) Indirect costs of US$470M Dewatering of ~US$225M Surface facilities of ~US$440M Mining of US$565M ~US$1.7B total of which of which of which FY23e Growth capital expenditure (US$M) FY23e US$55M Work across the broader Hermosa project including Clark study costs US$30M is included in FY23e Taylor FS costs US$110M is included in FY23e WTP2, dewatering wells, piping systems and dewatering power infrastructure US$95M is included in FY23e Engineering and initial construction ahead of shaft sinking Work to support power infrastructure and road construction Direct costs Mining Surface facilities Dewatering Other project costs (b) Indirect costs Indirect costs include EPCM, owner's costs and contingency Notes: a. b. Refer to market release "Hermosa project update" dated 17 January 2022. Capital estimate reflects assumptions for key inputs including steel, cement and labour as at H1 FY22. Additional costs incurred during study phase and work across the broader Hermosa project, including at Clark. SLIDE 41
View entire presentation