South32 Ltd. (AU:S32) has released an update.
South32 Limited announces a significant Ore Reserve estimate for the Sierra Gorda copper mine, with an initial reserve life of 16 years comprising 782 million tonnes of varied metals, hinting at future growth potential through ongoing drilling programs. The company is enhancing copper production capabilities through a plant de-bottlenecking project and a study for a fourth grinding line expansion, set for investment decision in the first half of FY25. Additionally, South32 is exploring the Catabela Northeast prospect and evaluating ways to leverage surface stockpiled oxide material.
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