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Southern Hemisphere Mining Limited ( (AU:SUH) ) has provided an announcement.
Southern Hemisphere Mining Limited has announced significant progress in its Llahuin Copper-Gold-Moly Project in Chile, with a 2024 RC drilling program totaling 2,728m across 26 holes. The results show promising copper equivalent grades, leading to a 300m extension of the Cerro-Ferro system’s strike, advancing the open pit potential and highlighting the possibility of large-scale underground mining. The discovery of fresh water at drilling sites adds a potential resource for future mining operations, though further studies are needed to confirm its usability.
More about Southern Hemisphere Mining Limited
Southern Hemisphere Mining Limited is a company operating in the mining industry, focusing on copper, gold, and molybdenum exploration and development. The company is active in Chile’s Coquimbo region, which is noted for copper-gold discovery and development, positioning it strategically near other significant mining operations like the El Espino mine.
YTD Price Performance: 13.33%
Average Trading Volume: 284,803
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$25.03M
See more insights into SUH stock on TipRanks’ Stock Analysis page.