SOUTH32 LIMITED - Worsley Mine Development Project Receives Federal Approval

Worsley Mine Development Project Receives Federal Approval

South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32; ADR: SOUHY
ISIN: AU000000S320
south32.net



                          WORSLEY MINE DEVELOPMENT PROJECT RECEIVES FEDERAL APPROVAL

South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32) advises that Worsley Alumina has received Federal environmental
approval for the Worsley Mine Development Project (the Project) under the Environmental Protection and Biodiversity Conservation
Act (1999) (Cth).

The Federal approval is subject to conditions which, where applicable, are substantively consistent with the State environmental
approval received on 20 December 20241.

The Project will enable access to bauxite to sustain production at Worsley Alumina, with mining of bauxite areas located near our
existing operations expected to commence in Q4 FY25. We will now also commence the development of new mining areas that are
expected to sustain production to at least FY362.

South32 Chief Executive Officer, Graham Kerr said: "The Federal Government's approval of the Worsley Mine Development Project
is a positive outcome for Worsley Alumina and its workforce, the Peel and South West communities, and the local economy.

"Worsley Alumina has been operating for more than 40 years and is one of the largest employers in the region, supporting jobs for
thousands of workers and contractors. The Aluminium Stewardship Initiative has awarded Worsley Alumina multiple certifications
against its global standards for responsible production of alumina, a vital component in the production of aluminium which is a metal
critical to the global energy transition.

"We look forward to executing the project in accordance with the approvals granted by the Federal and Western Australian
governments."

About us

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 produce minerals and metals critical to the
world's energy transition from operations across the Americas, Australia and Southern Africa and we are discovering and responsibly
developing our next generation of mines. We aspire to leave a positive legacy and build meaningful relationships with our partners
and communities to create brighter futures together.

    Investor Relations                                                      Media Relations
    Ben Baker                                                               Jamie Macdonald
    T     +61 8 9324 9363                                                   T     +61 8 9324 9000
    M     +61 403 763 086                                                   M     +61 408 925 140
    E     Ben.Baker@south32.net                                             E     Jamie.Macdonald@south32.net

Further information on South32 can be found at www.south32.net.



Approved for release to the market by Graham Kerr, Chief Executive Officer
JSE Sponsor: The Standard Bank of South Africa Limited
12 February 2025




1Refer to market release "Worsley Mine Development Project Receives State Approval" dated 20 December 2024.
2Subject to receipt of any necessary secondary approvals. The information in this announcement that refers to Production Target and forecast financial information for
Worsley Alumina is based on Proved (84%) and Probable (16%) Ore Reserves disclosed in South32 Annual report released on 29 August 2024 and is available to view on
www.south32.net. The Ore Reserve estimate underpinning the Production Target has been prepared by a Competent Person and reported in accordance with the JORC
Code.


Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
ABN 84 093 732 597 Registered in Australia

Date: 12-02-2025 08:01:00
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