Southern Hemisphere Mining Begins Target L Drilling to Refine Chilean Porphyry Potential

An announcement from Southern Hemisphere Mining Limited ( (AU:SUH) ) is now available.

Southern Hemisphere Mining has announced that drilling has commenced at Target L, as outlined in an update from joint venture partner FMR Resources, marking a new phase of exploration aimed at vectoring toward the porphyry source at its Llahuin project in Chile. The move builds on the company’s substantial JORC-compliant copper-gold-molybdenum and manganese resources at Llahuin and Los Pumas, signalling continued technical de-risking and potential resource growth that could enhance its position in the Chilean copper and battery metals sector.

The Llahuin project currently hosts 218.2 million tonnes of measured, indicated and inferred resources at 0.38% copper equivalent, supported by independent competent person verification under the JORC 2012 code. Los Pumas adds more than 30 million tonnes of manganese resources at a 2.5% Mn cut-off, reinforcing Southern Hemisphere Mining’s exposure to both traditional copper markets and emerging battery metals demand.

The most recent analyst rating on (AU:SUH) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Southern Hemisphere Mining Limited stock, see the AU:SUH Stock Forecast page.

More about Southern Hemisphere Mining Limited

Southern Hemisphere Mining Limited is an experienced minerals exploration company focused on Chile, one of the world’s most prospective regions for major new copper discoveries. Its key assets include the Llahuin Porphyry Copper-Gold-Molybdenum Project and the Los Pumas Battery Metals Manganese Project, both of which the company discovered and has defined under JORC 2012-compliant resource estimates.

Average Trading Volume: 393,137

Technical Sentiment Signal: Sell

Current Market Cap: A$22.82M

Learn more about SUH stock on TipRanks’ Stock Analysis page.