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South32 Ltd.
Summary
| Project: | Hermosa | |
|---|---|---|
| Deposit: | Clark | |
| Location: | United States | |
| Commodities: | Zinc-Manganese-Silver | |
| Date: | 5/12/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-5-2020: South32 Ltd. announces a Resource Estimation report for its Clark deposit at the Hermosa project. Initial Mineral Resource Estimate for Clark Deposit at Hermosa Project. South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to r | |
| Resources: | (Resources, I+I): 55Mt @ 2.31% Zn, 9.08% Mn, 78g/t Ag at Clark | |
| CP/QP: | [Resource]: Matthew Hastings (SRK Consulting (US) Inc.) | |
| ABSTRACT: | South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) is pleased to report for the first time a Mineral Resource estimate for the Clark Deposit which forms part of its 100% owned Hermosa project located in Arizona, USA (Appendix 1 – Figure 1). The Clark Mineral Resource estimate (Table A) is reported in accordance with the JORC Code (2012)1 at 55 million tonnes, averaging 2.31% zinc (Zn), 9.08% manganese (Mn) and 78g/t silver (Ag). The Clark Deposit is interpreted as the upper oxidised, manganese-rich portion of the mineralised system that contains the previously reported Taylor Mineral Resource estimate. A scoping study to advance our understanding of the processing and end-market opportunities for the Clark Deposit is underway, while a pre-feasibility study for the separate development of the Taylor Deposit is due for completion in the September quarter 2020. South32 Chief Executive Officer, Graham Kerr said “The declaration of a Mineral Resource estimate for the Clark Deposit marks another important milestone for the Hermosa project, following our initial Mineral Resource estimate for the Taylor Deposit in June 2019. “When completed, the Taylor Deposit pre-feasibility study is expected to further de-risk our investment by demonstrating its ability to deliver strong shareholder returns over many decades. The Clark Deposit provides an additional option to realise longer term value from within the broader land package. | |
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