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South32 Limited (ASX:S32)

ALERT: Price-sensitive ASX Announcement for S32
Current share price for S32 : $4.570 0.31 (7.28%)+
Announcement
Release
30 Apr 2026 8:00AM
Price at Release
$4.260
Full Release
download
Summary
South32's Hermosa Project in Santa Cruz, Arizona, is a significant mining development focused on producing zinc, lead, and silver through its Taylor project, with the potential for integrating the Peake copper deposit. The Hermosa site, which includes the Clark manganese deposit, aims to bolster the US supply of critical minerals. Federal permitting is progressing, with operations expected to extend over 33 years. Additionally, financial projections indicate substantial revenue and EBITDA. Development of battery-grade manganese at Clark has secured US Government grants, reinforcing the strategic significance of Hermosa's mineral resources.
Key Points
  • Hermosa Project is located in Santa Cruz, Arizona, owned by South32.
  • Taylor project is the first development in Hermosa, focusing on zinc, lead, and silver.
  • Taylor is expected to produce 10.4Mt ZnEq over 33 years.
  • Peake copper deposit is considered for integration with Taylor.
  • Clark deposit aims to produce battery-grade manganese for the US market.
  • Federal permitting for Hermosa is on track for H1 FY27.
  • Taylor's process plant is designed for flexibility to integrate copper circuit.
  • Project financials estimate revenue of US$32,600 to US$38,200 million.
  • US Government grants have been received for Clark development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.