Investor Presentaiton
OUR FUTURE GROWTH THROUGH DEVELOPMENT & DISCOVERY
III
Copper
Nickel
Polymetallic
Zinc
Our next phase of growth is expected to come
from our development options in North America
ALASKA
Ambler Metals (50%)
Arctic deposit
Bornite deposit
VMS exploration
Roosevelt
Battery-grade manganese
Jupiter
• Maguire
● Adventus Mining Corporation
(multiple projects)
EMX Royalty Corp
(multiple projects)
Hermosa
Taylor deposit
Clark deposit
Exploration
AusQuest
(multiple projects)
ARGENTINA
Chita Valley (50.1% (a))
Sable Resources (Don Julio)
Aldebaran Resources
(9.3% equity investment)
We are investing to discover our next generation
of mines with over 25 exploration prospects
I
AusQuest
(Morrisey)
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AusQuest
(Balladonia)
NORTHERN AUSTRALIA
Encounter Resources
(Jessica & Carrara)-
Iffley
AusQuest
(Jubilee Lake)
Watchie Bore
AusQuest
(Hamilton)
SOUTH32
Exploration spend (US$M)
FY22
FY23e
Greenfield exploration
26
40
Capitalised exploration (excl. EAI)
33
40
incl. Hermosa
19
incl. Ambler Metals
11
20
20
10
Notes:
a.
b.
We have exercised our earn-in right to acquire a 50.1% ownership interest in Minsud's Argentinian subsidiary (MSA) that holds and operates its flagship Chita Valley project.
The exploration projects, partnerships or options on this slide reflect a combination of wholly-owned South32 projects, exploration partnerships, strategic alliances and earn-in agreements.
SLIDE 22
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