Southern Hemisphere Mining Ltd: Drilling Success and Strategic Expansion

Southern Hemisphere Mining Ltd, a South American-focused resource company, has recently made significant strides in its exploration activities, particularly in Chile. The company, listed on the ASX under the ticker SUH, is primarily engaged in exploring large tonnage base metal opportunities, with a focus on copper and gold.

Drilling Success at Llahuin Copper-Gold Porphyry System

In a recent investor presentation, Southern Hemisphere Mining Ltd announced the commencement of drilling at the large Llahuin Copper-Gold Porphyry System in Chile. This initiative is part of the company’s strategy to scale up its mining operations to mine scale. The drilling activities are expected to provide critical data that will aid in the development of the project, with a focus on achieving mine feasibility studies and resource estimates.

The company’s quarterly activity report for the period ending March 31, 2025, highlighted several key findings from the drilling operations:

  • Cerro-Ferro System Expansion: RC drilling has extended the strike of the Cerro-Ferro system by 15%, reaching a total of 2.2 km. This expansion is ahead of schedule for the first half of 2025, with a JORC resource upgrade anticipated.
  • Significant Copper Equivalent (CuEq) Results: The drilling results have been promising, with several intervals showing high CuEq percentages. Notable results include:
    • 105m @ 0.64% CuEq from surface to EOH, including 16m @ 0.85% CuEq from surface and 26m @ 0.91% CuEq from 78m (24LHRC065).
    • 132m @ 0.48% CuEq from surface, including 60m @ 0.67% CuEq from surface (24LHRC058).
    • 81m @ 0.49% CuEq from 2m to EOH, including 48m @ 0.58% CuEq from 30m (24LHRC055).
    • 122m @ 0.41% CuEq from 2m, including 48m @ 0.52% CuEq from 66m (24LHRC048).
    • 16m @ 0.51% CuEq from 102m (24LHRC051).
    • 128m @ 0.41% CuEq from 16m to EOH, including 32m @ 0.57% CuEq from 66m (24LHRC067).
    • 30m @ 0.42% CuEq from surface, including 26m @ 0.56% CuEq from 40m to EOH, including 8m @ 0.96% CuEq from 42m (24LHRC068).

The copper equivalent calculations were based on the following metal prices: Copper at US$3.50/lb, Gold at US$2,550/oz, and Molybdenum at US$20/lb, with no metallurgical recovery factors applied.

Strategic Expansion in Western Australia

In addition to its activities in Chile, Southern Hemisphere Mining Ltd has also expanded its exploration efforts in Western Australia. The company has applied for two new exploration licenses in the Collier Basin, which is known for its potential in high-grade copper-lead-zinc deposits. These licenses are strategically located west-southwest of the Kumarina copper-lead-zinc deposits, adding significant value to the company’s portfolio.

The Cardawan Copper Project, located north of Meekatharra, is based on an exploration concept for sedimentary-hosted copper deposits. This project is in proximity to other notable mining operations, such as the Abra lead silver mine (approximately 70km west) and the DeGrussa VMS copper-gold-silver mine (approximately 90km south). The Cardawan project represents an early-stage, low-cost, high-impact copper prospect for Southern Hemisphere Mining Ltd.

Forward-Looking Statements and Risks

The company’s investor presentation included forward-looking statements regarding future events and financial results. These statements are subject to risks and uncertainties, including the development of the project, metal prices, metallurgical results, and resource estimates. The actual results may differ materially from those expressed or implied by the forward-looking statements.

Market Performance and Financial Overview

As of April 27, 2025, Southern Hemisphere Mining Ltd’s share price was 0.034 AUD, with a 52-week high of 0.05 AUD and a low of 0.016 AUD. The company’s market capitalization stands at 18,910,000 AUD. The price-to-earnings ratio is currently -8.62, reflecting the company’s focus on exploration and development rather than immediate profitability.

In summary, Southern Hemisphere Mining Ltd is making significant progress in its exploration activities in both Chile and Western Australia. The company’s strategic initiatives and promising drilling results position it well for future growth and development in the metals and mining sector.