Investor Presentaiton
OUR BASE METALS BUSINESS
SOUTH32
Base and precious metals production across copper, nickel, zinc, lead and silver, and a portfolio of growth options
AMBLER METALS JV (50%)
Copper, Zinc, Lead & Silver
HERMOSA (100%)
Zinc, Lead, Silver & Battery-grade Manganese
CERRO MATOSO (99.9%)
Nickel
SIERRA GORDA (45%)
Copper, Molybdenum, Gold & Silver
Sierra Gorda copper
•
Capital efficient de-bottlenecking project on-track to be completed in FY24
Fourth grinding line expansion study underway, with the potential to increase
plant throughput by ~15-20% and lower operating unit costs
Cannington zinc-lead-silver
.
•
Production recovering to plan following recent floods in northern Queensland
Studying tailings reprocessing and open pit options to potentially extend
the operation's life beyond the current 7 years of underground Ore Reserves (b)
Cerro Matoso nickel
CANNINGTON (100%)
Silver, Lead & Zinc
•
18% growth in base and precious metals production in FY23e(a)
Commissioned the OSMOC project, maintaining future nickel grades,
and extended Cerro Matoso's mining contract by 15 years to 2044
Studying the potential to produce incremental volume in the form of
intermediary products for battery markets
Portfolio of attractive development and exploration options
•
Our Hermosa project in Arizona, USA, hosts multiple options to increase our
future supply of critical minerals
71.8kt
of copper
40.5kt
of nickel
60.5kt
of zinc
11Moz
.
of silver
We have established a portfolio of 25+ greenfield exploration options in
prospective mineral belts with significant activity underway in Alaska,
Argentina and northern Australia
Notes:
a.
b.
FY23e copper equivalent production for Sierra Gorda, Cerro Matoso and Cannington, compared to FY22.
Refer to important notices (slide 2) for additional disclosure.
SLIDE 15View entire presentation