By Alex MacDonald

LONDON--South32 Ltd. (S32.AU), the mining company spun out of BHP Billiton Ltd. (BHP) earlier this year, said on Tuesday that it has identified larger-than-expected resources at its Cannington silver, lead and zinc mine and its Illawarra coking-coal mine, both in Australia.

The mining company said mineral resources at Cannington are 21% larger than its previous estimate in June 2014, citing changes in foreign exchange rates and commodity prices. It also included additional areas in the resource base that were previously considered transition zones as the project moves from open-cut to underground mining. Cannington is located in northwest Queensland, Australia.

South 32 also said it has upgraded the coal resources at its Illawarra Metallurgical Coal operations following additional drilling after securing rights to mine additional areas. The mine is located in the Illawarra region of New South Wales, Australia.

South 32 also disclosed its first resource report for the Groote Eylandt Mining Company or GEMCO which aims to produce manganese. GEMCO is located at Groote Eylandt in the Northern Territory, Australia and is 60% owned by South32 and 40%-owned by Anglo American PLC (AAL.LN).

-Write to Alex MacDonald at alex.macdonald@wsj.com

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(END) Dow Jones Newswires

September 22, 2015 04:22 ET (08:22 GMT)

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