Latest South32 News

Noronex Limited has confirmed deeper, higher-grade copper mineralisation at its Fiesta Project in Namibia through diamond drilling, setting the stage for a substantial 7,000m Reverse Circulation drilling campaign funded by South32.

South32 reported a robust turnaround in FY25 with a profit after tax of US$213 million and underlying earnings of US$666 million, driven by operational gains and strategic portfolio shifts. The company also advanced construction at its Hermosa project and maintained a strong balance sheet with net cash of US$123 million.

South32 Limited reported a robust turnaround in FY25 with a 17% revenue increase and a return to profitability, driven by higher commodity prices and strategic divestments. The company also declared a fully-franked dividend and outlined a focused growth outlook.

South32 warns of uncertain electricity supply for Mozal Aluminium beyond March 2026, prompting a major impairment and operational slowdown.

Hammer Metals advances exploration with new drilling programs at Yandal Gold and Mount Isa copper-gold projects, while expanding its footprint and progressing joint ventures.

AusQuest Limited reports significant expansion of its copper-gold system at the Cangallo Project in Peru, alongside progress across multiple Australian base metal projects, supported by a solid cash position and strategic funding.

Encounter Resources has announced a significant maiden mineral resource at its Aileron Niobium-REE-Copper Project and regained full ownership of the Yeneena Copper Project, setting the stage for accelerated exploration and development.

Noronex Limited reports promising new copper mineralisation from diamond drilling at its Fiesta Project and extends its strategic alliance with South32 into Botswana, alongside appointing a new CEO to spearhead growth.

AusQuest Limited has reported significant new coarse-grained magnetite intersections across multiple prospects at its Morrisey Project in Western Australia, signaling promising potential for premium iron product development.

Noronex Limited has contracted a substantial 7,000m Reverse Circulation drilling program at its Humpback Copper Project in Namibia, backed by South32’s earn-in funding. This move aims to unlock new large-scale copper discoveries on promising domal structures within the Kalahari Copper Belt.

South32 has exceeded its FY25 production targets, driven by a 20% increase in copper output and significant progress at its Hermosa project, while streamlining its portfolio through key divestments.

AusQuest Limited has identified two promising deep geophysical targets at its Coober Pedy IOCG Project in South Australia, advancing exploration in a world-class mineral province under a strategic alliance with South32.