Ann: South32 completes acquisition of Arizona Mining, page-2

"South32 Chief Executive Officer, Graham Kerr said: “The acquisition of Arizona Mining adds to our portfolio one of the most exciting base metal projects in the industry. Our deep understanding of the high-grade Hermosa project and surrounding land package, together with our extensive experience at Cannington, positions us well to bring the projectto development and deliver significant value to our shareholders.”

"Work to enhance the design and development of the Hermosa Project will begin in the coming weeks. This will include optimising studies and the commencement of the exploration decline which will allow drilling to test for extensions and further enhance our understanding of the existing high-grade resource."
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Ash here.

This is a monster project - which S32 is well placed to deliver. S32's future as an major global multi-metal mining house is clearer.

Looking forward to hearing an outline of timelines, capex and output. Fully defining the orebody still requires further drilling, though we have to assume there is limited further upside.

The Hermosa project's value is at the mercy of Pg-Ag-Zn prices. We know they will fluctuate. Whether this results in big swings in the share price remains to be seen. I see Hermosa as big positive. BUY

Ash