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The latest update is out from Southern Hemisphere Mining Limited ( (AU:SUH) ).
Southern Hemisphere Mining reported that surging copper and gold prices have significantly increased the in-situ value of its flagship Llahuin Copper-Gold Project, which hosts a 218.2 million tonne resource grading 0.38% CuEq and containing substantial copper, gold and molybdenum. Management highlighted strong potential for further resource growth, underpinned by recently defined additional exploration targets and ongoing drilling, positioning Llahuin as a sizeable, infrastructure-advantaged asset in a tight global copper supply environment.
Operationally, the company advanced its Southern Porphyry joint venture with FMR Resources, completing the first deep diamond drillhole to 1,469.1 metres and confirming an extensive intrusive and hydrothermal footprint consistent with a large porphyry system, while follow-up holes are underway. In parallel, Southern Hemisphere identified high-grade oxide copper at surface at its 100%-owned Ferro South area, further enhancing the project’s upside and supporting its strategic ambition to grow a large-scale copper-gold resource base that could benefit from current commodity price strength.
The most recent analyst rating on (AU:SUH) stock is a Hold with a A$0.04 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 ASX- and Frankfurt-listed exploration and development company focused on copper and gold projects in South America, notably the Llahuin Copper-Gold Project in Chile. The company is advancing large-scale copper-gold systems supported by existing mineral resources and favourable infrastructure, including low-altitude access and proximity to grid power, targeting growing demand in an increasingly constrained global copper market.
Average Trading Volume: 393,804
Technical Sentiment Signal: Buy
Current Market Cap: A$27.98M
Learn more about SUH stock on TipRanks’ Stock Analysis page.