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.
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