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South32 Limited (S32)

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daveh
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South32 Limited (S32)

#230086

Postby daveh » June 17th, 2019, 9:37 am

Last time I posted here on S32 it was moved , but I've just checked and S32 is a LSE Main Market listing.

Today S32 made two announcements:

ILLAWARRA METALLURGICAL COAL, COAL RESERVES UPDATE
www.investegate.co.uk/article.aspx?id=2 ... 4359C&fe=1
and

HERMOSA PROJECT - MINERAL RESOURCE DECLARATION
www.investegate.co.uk/article.aspx?id=2 ... 4358C&fe=1

In the first S32 announces:
changes to its estimates of Coal Reserves for Illawarra Metallurgical Coal following the conclusion of a commercial agreement to relinquish a portion of its Mining Lease in the Appin area.
Coal Reserves for the Bulli seam have been reduced by 22Mt[1] to 114Mt following the change. The Coal Reserves for the Wongawilli seam are unchanged.


In the second S32
is pleased to report for the first time a Mineral Resources estimate for the Taylor Deposit which forms part of its 100% owned Hermosa Project located in Arizona, USA (Appendix 1 - Figure 1). The Mineral Resource (Table A) is reported in accordance with the JORC Code (2012)[1] guidelines at 155 million tonnes, averaging 3.39% zinc, 3.67% lead and 69 g/t silver with a contained 5.3 million tonnes of zinc, 5.7 million tonnes of lead and 344 million ounces of silver. The Mineral Resource remains open at depth and laterally, with multiple targets to be tested as we continue our extensive surface drilling program.

JIM505
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Joined: April 30th, 2019, 2:56 pm

Re: South32 Limited (S32)

#230182

Postby JIM505 » June 17th, 2019, 4:07 pm

I have taken advantage of the S32 price drop today after the above announcement and I have topped it up at £1.72.
I like the the company's high yield and diversification potential.
Jim

daveh
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Re: South32 Limited (S32)

#237427

Postby daveh » July 18th, 2019, 8:47 am

Quarterly Report June 2019 can be found here:
www.investegate.co.uk/article.aspx?id=2 ... 9489F&fe=1


Looks to be a decent trading statement, market doesn't seemed to have moved much though, slightly down in a falling market.

daveh
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Re: South32 Limited (S32)

#246206

Postby daveh » August 22nd, 2019, 9:09 am

Full year results discussion on the HYP board here:
viewtopic.php?f=15&t=19147


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