South32 Limited (ASX / LSE / JSE: S32; ADR: SOUHY) (South32) advises that the sale of Illawarra Metallurgical Coal (Transaction) to an entity owned by Golden Energy and Resources Pte Ltd and M Resources Pty Ltd1 has received Australian Foreign Investment Review Board approval.

The Transaction is now expected to be completed in Q1 FY25, subject to the receipt of the remaining foreign merger clearances.

About us

South32 is a globally diversified mining and metals company. 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 commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from our operations in Australia, Southern Africa and South America. We also have a portfolio of high-quality development projects and options, and exploration prospects, consistent with our strategy to reshape our portfolio toward commodities that are critical for a low-carbon future.

Contact:

Ben Baker

Tel: +61 8 9324 9363

Email: Ben.Baker@south32.net

Media Relations

Miles Godfrey

Tel: +61 8 9324 9000

Email: Miles.Godfrey@south32.net

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