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Southern Hemisphere Mining Limited ( (AU:SUH) ) has provided an announcement.
Southern Hemisphere Mining Limited has announced significant progress in its 2024 drilling program at the Llahuin Copper-Gold-Moly Project in Chile. The recent reverse circulation drilling results indicate a substantial expansion of the Cerro-Ferro system, which now extends by 300 meters to a total of 2.2 kilometers and remains open for further exploration. The drilling has revealed high-grade copper equivalent mineralization from surface, optimizing the site for open-pit mining. Additionally, a Magneto-Telluric survey has been completed, potentially identifying large copper targets, and further drilling is planned to explore depth extensions. This advancement positions the company to upgrade its Mineral Resource Estimate in the first half of 2025, signaling a promising trajectory for stakeholders.
More about Southern Hemisphere Mining Limited
Southern Hemisphere Mining Limited operates in the mining industry, focusing on the exploration and development of copper, gold, and molybdenum deposits. The company is actively involved in the Llahuin Copper-Gold-Moly Project in Coquimbo, Chile, aiming to expand its mineral resource base and enhance its position in the market.
YTD Price Performance: 13.33%
Average Trading Volume: 254,860
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$25.03M
See more insights into SUH stock on TipRanks’ Stock Analysis page.
