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Southern Hemisphere Mining Limited (ASX:SUH)

ALERT: Price-sensitive ASX Announcement for SUH
Current share price for SUH : $0.026 -0.003 (-10.34%)+
Announcement
Release
30 Jul 2025 8:25AM
Price at Release
$0.029
Full Release
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Summary
Southern Hemisphere Mining Limited announced a significant increase in the JORC-compliant resource at its Llahuin Copper-Gold Project in central Chile. The updated resource estimate is based on additional drilling and geological modeling, resulting in a 56% increase in contained copper for the project. The resource now stands at 169 million tonnes at 0.4% copper equivalent, containing 568,000 tonnes of copper, 348,000 ounces of gold, and 9.9 million ounces of silver. The announcement highlights the project's proximity to infrastructure, strong exploration upside, and potential for further resource growth. The company emphasizes that the Llahuin Project is now the largest copper resource in the coastal metallogenic belt of central Chile outside of major companies, positioning it as a significant asset with development potential.
Key Points
  • JORC resource at Llahuin Copper-Gold Project increased by 56% in contained copper.
  • Updated resource: 169 million tonnes at 0.4% copper equivalent.
  • Contained metals: 568,000 tonnes copper, 348,000 oz gold, 9.9 million oz silver.
  • Upgrade based on additional drilling and improved geological modeling.
  • Project located in central Chile with existing infrastructure nearby.
  • Llahuin is the largest copper resource in the coastal belt of central Chile not owned by major mining companies.
  • Significant exploration upside and potential for further resource growth.
  • Project has development potential, with ongoing studies and technical work planned.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.