Wrap Text
Cannington Update
South32 Limited
(Incorporated in Australia under the Corporations
Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32
ISIN: AU000000S320
south32.net
CANNINGTON UPDATE
South32 Limited (ASX, JSE, LSE: S32; ADR: SOUHY) (South32) advises that mining extraction
at Cannington has been temporarily impacted by an underground fire that damaged the load-out
and shaft haulage infrastructure. Remediation work will be undertaken over a four week period
and extraction of the higher grade (silver/lead) stope 60L will be delayed.
Based upon our initial assessment, payable silver, lead and zinc production of 16.5Moz, 135kt
and 70kt, respectively, is now anticipated in FY17 with revised mill throughput of approximately
3.1Mt (previously 3.3Mt). An update, including revised unit cost (including Sustaining capital
expenditure) guidance, will be provided in our March 2017 Quarterly Report.
Cannington 9M YTD New Prior
Production and guidance FY17 FY17e FY17e
Payable silver production (koz) 12,277 16,500 19,050
Payable lead production (kt) 105 135 163
Payable zinc production (kt) 57 70 80
As noted in our December 2016 half year results announcement, production guidance at
Cannington remains predicated on the ability to extract higher grade ore in close proximity to the
existing underground crusher.
About South32
South32 is a globally diversified mining and metals company with high quality operations in
Australia, Southern Africa and South America. Our purpose is to make a difference by
developing natural resources, improving people’s lives now and for generations to come. We are
trusted by our owners and partners to realise the potential of their resources. We have a simple
strategy to maximise the potential of our assets and shareholder returns by optimising our
existing operations, unlocking their potential and identifying new opportunities to compete for
capital.
Forward-looking statements
This release contains forward-looking statements, including statements about currency exchange
rates, commodity prices, production forecasts, plans, exploration and capital expenditure. These
forward-looking statements reflect expectations at the date of this release; however, they are not
guarantees or predictions of future performance. They involve known and unknown risks,
uncertainties and other factors, many of which are beyond our control, and which may cause
Registered Office: Level 35, 108 St Georges Terrace, Perth Western Australia 6000, Australia
ABN 84 093 732 597 Registered in Australia
actual results to differ materially from those expressed in the statements contained in this
release. Readers are cautioned not to put undue reliance on forward-looking statements. Except
as required by applicable laws or regulations, South32 Limited does not undertake to publicly
update or review any forward looking statements, whether as a result of new information or
future events. Past performance cannot be relied on as a guide to future performance.
FURTHER INFORMATION
INVESTOR RELATIONS
Alex Volante Rob Ward
T +61 8 9324 9029 T +61 8 9324 9340
M +61 403 328 408 M +61 431 596 831
E Alex.Volante@south32.net E Robert.Ward@south32.net
MEDIA RELATIONS
Hayley Cardy James Clothier
T +61 8 9324 9008 T +61 8 9324 9697
M +61 409 448 288 M +61 413 319 031
E Hayley.Cardy@south32.net E James.Clothier@south32.net
Further information on South32 can be found at www.south32.net.
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6 April 2017
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