South32 Ltd ASX:S32:
FINAL INVESTMENT APPROVAL FOR SIERRA GORDA 4TH GRINDING LINE
GROWTH CAPITAL EXPENDITURE FOR PROJECT IS EXPECTED TO BE US$725M OVER FY27-FY30
ANNOUNCES APPROVAL FOR SIERRA GORDA FOURTH GRINDING LINE PROJECT
PROJECT TO INCREASE SIERRA GORDA CAPACITY FROM ~48MTPA TO ~60MTPA
PROJECT TO ACHIEVE FIRST PRODUCTION IN MID FY30, FULL RATES IN FY31
EXPANDED CAPACITY DELIVERED BY PROJECT EXPECTED TO REDUCE OPERATING UNIT COSTS BY ~10%