Welcome to our dedicated page for South32 news (Ticker: SOUHY), a resource for investors and traders seeking the latest updates and insights on South32 stock.
The news flow associated with SOUTH32 LTD SPNS/ADR (SOUHY) in the supplied material centers on South32 Limited’s role in Ambler Metals LLC and its investment in Trilogy Metals Inc. Ambler Metals is described as a joint venture operating company equally owned by Trilogy Metals and a wholly owned subsidiary of South32 Limited, and it holds a 100 percent interest in the Upper Kobuk Mineral Projects (UKMP) in the Ambler Mining District in northwestern Alaska.
News releases highlight programs and budgets approved by Ambler Metals for exploration and project advancement at the UKMP. These include multi‑million‑dollar work programs for drilling at the Arctic volcanogenic massive sulphide deposit, exploration around the Bornite carbonate replacement deposit, and broader target testing in the Ambler VMS Belt. The updates also discuss engineering, environmental and technical studies designed to support mine design, permitting preparation, and long‑term development planning.
Additional coverage describes the Ambler Access Project, a proposed 211‑mile, industrial‑use‑only road that would connect the Ambler Mining District to the Dalton Highway. In these releases, it is envisioned that companies such as Ambler Metals, the 50/50 joint venture involving South32’s subsidiary, would enter into commercial agreements to use the road and pay tolls to the Alaska Industrial Development and Export Authority and its financing partners.
Other news items note South32’s participation, through a wholly owned subsidiary, in a private placement of common shares of Trilogy Metals Inc., identifying South32 as one of Trilogy’s largest shareholders after the transaction. There are also updates on feasibility study results for the Arctic Project and mineral resource reports for the Bornite Project, which relate to assets held by Ambler Metals.
Investors following SOUHY‑related news can therefore expect coverage of joint venture budgets and drilling campaigns, technical and feasibility study milestones, infrastructure and permitting developments linked to the Ambler Access Project, and financing transactions involving Trilogy Metals and South32’s subsidiary. These updates provide context on how South32, referenced via its SOUHY ADRs, is connected to exploration and project advancement activities in the Ambler Mining District.
Trilogy Metals Inc. (TSX: TMQ; NYSE American: TMQ) announced promising drilling results from the Arctic Project in Alaska. The 2021 program involved 4,131 meters across 18 holes, aiming to upgrade resource classifications and gather metallurgical data. Notably, drill hole AR21-0182 found high-grade copper and zinc over remarkable lengths, with intervals reporting copper equivalent grades up to 8.07%. CEO Tony Giardini emphasized strong assay results, reflecting the project's potential, while 12 more holes are awaited for results. Overall, these findings bolster investor confidence in Trilogy's Arctic development plans.
On January 11, 2022, Trilogy Metals announced a $28.5 million budget for the 2022 program and advancement of the Upper Kobuk Mineral Projects (UKMP) in Northwestern Alaska. This budget is fully funded by Ambler Metals LLC, a joint venture with South32. The program includes up to 10,000 meters of drilling, focusing on resource development at the Arctic Project and exploration targets. An independent review confirmed the permitting strategy for the Arctic Project is sound, with applications expected to be submitted in early 2022, initiating a process taking 24 to 30 months.
Trilogy Metals (TMQ) has announced that the Alaska Industrial Development and Export Authority (AIDEA) approved a budget of up to $13 million for the Ambler Access Project (AAP) for the 2021 summer field season. AIDEA and Ambler Metals LLC will share costs equally. This 211-mile industrial road aims to enhance access to the Ambler Mining District, a leading copper-zinc area. AIDEA also secured a land access agreement with Doyon, Limited to facilitate project feasibility and permitting activities.