Tucson, Arizona (February 13, 2023) -- An Australian mining company, South32 Ltd., planning to develop a mine in Patagonia has leased new office space in Tucson. The parent company, Hermosa, with operations in Australia, South Africa, Mozambique, Columbia, and the United States, leased a 13,918-square-foot office at Cambric Corporate Center, 1860 E. River Road, from WCCP Copper Point LLC.
South32 - Hermosa bought the proposed mining site, just south of Tucson, in August 2018 with plans for an underground mining operation.
Having completed the acquisition of Hermosa in the Patagonia Mountains, about 50 miles south-east of Tucson, South32 recently published a pre-feasibility study for the zinc-lead-silver calling it their “next generation mine” where low-carbon design principles are to be applied in line with the company goal of net zero operational carbon emissions by 2050 to minimize environmental impact. The mine comprises a zinc-lead-silver Taylor sulphide deposit (Taylor Deposit), a zinc-manganese-silver Clark oxide deposit (Clark Deposit) and an extensive, highly prospective land package with the potential for further polymetallic and copper mineralization.
The Hermosa mine strongly complements the company's existing portfolio and provides the opportunity to leverage the underground mining and processing methods used at the Cannington operation in Queensland, Australia.
Work at Patagonia is part of the company's strategy to reshape its portfolio and increase exposure to the metals critical for a low carbon future. Zinc is used in renewable energy infrastructure and to protect against corrosion and while silver is used in solar panels and electric vehicles.
Richard M. Kleiner, with Cushman & Wakefield | PICOR, represented the tenant, and Philip Skillings with NAI Horizon represented the landlord on the office lease.