Southern Hemisphere Mining Limited (SUH) AI Stock Analysis

• Market Cap: AU$23.56M
• Dividend Yield: N/A
• Average Volume (3M): 638.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: N/A
• EPS Growth: 36.67%
• Country: AU
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 736,240,050
• 10 Day Avg. Volume: 375,141
• 30 Day Avg. Volume: 638,669
• PEG Ratio: 0.24
• Price to Book (P/B): 20.80
• Price to Sales (P/S): 2445.26
• P/FCF Ratio: -8.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: AU$0.03 ▲(6.67% Upside)

The score is held down primarily by weak financial performance (ongoing losses, heavy cash burn, and a shrinking equity base despite low leverage). Technicals provide partial support as the stock is above major moving averages with moderately strong RSI, but momentum is not fully confirmed (MACD slightly negative). Valuation is limited by negative earnings and no dividend yield data.

Positive Factors

Low leverage / zero debt

Zero reported debt in FY2025 materially reduces refinancing and interest-rate risk and preserves financial optionality. For an exploration company, low leverage lengthens runway to pursue drill programs or farmouts and limits near-term liquidity strain from interest obligations.

High gross profit margin on revenue

A high gross profit margin, even on a small base, indicates favourable project-level economics if revenue can scale. Sustainably strong gross margins would support future operating leverage and make project commercialization or partner-funded development more viable over the medium term.

Exploration-to-partnering business model

A strategy focused on advancing assets to the point of development or farm-out allows risk transfer via joint ventures or partnerships. Structurally this can conserve capital, accelerate project development, and leverage partner technical or financing capacity, improving long-term project economics.

Negative Factors

Persistent cash burn

Sustained negative operating and free cash flow erodes liquidity and requires repeated external funding to sustain exploration activity. Over months, ongoing cash burn increases financing frequency, raises dilution risk, and constrains the firm's ability to self-fund drilling or development milestones.

Sustained losses and negative margins

Ongoing operating losses prevent internal capital accumulation and mean project advances depend on external capital. Persistently negative margins suppress returns on invested capital, undermine equity holders' value creation, and limit the company's ability to build a sustainable, self-funded exploration pipeline.

Eroding equity base

A sharply reduced equity base weakens the balance sheet buffer against continued losses and increases reliance on fresh capital. With low revenue and persistent cash outflows, a smaller capital cushion heightens refinancing and dilution risk and limits the firm's capacity to absorb exploration setbacks.

Southern Hemisphere Mining Limited Business Overview & Revenue Model

Company Description

Southern Hemisphere Mining Limited, an exploration stage company, engages in the acquisition and exploration of mineral properties primarily in Chile. It explores for gold, copper, and manganese deposits. The company focuses on the Llahuin copper-gold project located to the north of Santiago; Colina2 copper/gold project located to the northwest of Llahuin; and Los Pumas manganese project located to east of Arica. Southern Hemisphere Mining Limited is based in Perth, Australia.

How the Company Makes Money

Southern Hemisphere Mining Limited generates revenue primarily through the exploration and development of mineral properties, with a focus on copper and gold. The company's revenue model involves discovering and proving up mineral resources, which can then be sold or leased to larger mining companies, or developed into operational mines. Key revenue streams include the sale of mineral rights, joint venture agreements with mining partners, and potential future production revenues from developed projects. Strategic partnerships with larger mining corporations or investment entities can provide significant financial backing and expertise, aiding in project advancement and contributing to the company's earnings.

Southern Hemisphere Mining Limited Financial Statement Overview

Summary

Financials are weak overall: the company remains loss-making with very negative operating and net margins, and cash burn is significant and persistent. A key offset is low leverage (including zero total debt in FY2025), but equity has declined materially, increasing reliance on external funding.

Income Statement

The company remains in a loss-making phase, with consistently negative EBIT and net income across the period. FY2025 shows a small revenue base (10,237) and a high gross profit margin, but operating costs overwhelm the top line, resulting in extremely negative operating and net margins. With limited and volatile revenue generation, profitability and earnings quality remain key weaknesses despite some early signs of commercialization.

Balance Sheet

Leverage is low, including zero total debt in FY2025 (and only modest debt in FY2024), which reduces refinancing risk. However, equity has declined materially versus prior years (FY2025 equity of 1,203,699 vs FY2024 4,009,926), reflecting sustained losses and weakening capital cushion. Returns on equity are negative in most years, underscoring that the balance sheet strength depends on continued funding rather than internally generated profits.

Cash Flow

Cash burn is significant and persistent, with FY2025 operating cash flow of -3,025,029 and free cash flow of -3,025,030, broadly in line with the prior year’s outflows. While free cash flow growth shows a sharp improvement in FY2025 (likely distorted by a very weak comparison base), the business is not yet self-funding and relies on external capital to sustain operations and advance projects.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	10.24K	0.00	0.00	0.00	0.00
Gross Profit	0.00	9.28K	-2.06K	-1.44K	-260.00	0.00
EBITDA	-2.94M	―	-3.46M	-2.48M	-2.89M	-1.25M
Net Income	-2.95M	-2.83M	-3.47M	-2.48M	-2.89M	-1.25M
Balance Sheet
Total Assets	3.00M	1.30M	4.70M	663.26K	225.11K	1.55M
Cash, Cash Equivalents and Short-Term Investments	2.95M	1.26M	4.66M	598.43K	161.22K	1.53M
Total Debt	364.10K	0.00	350.37K	0.00	0.00	0.00
Total Liabilities	718.54K	100.52K	692.48K	250.55K	309.73K	195.29K
Stockholders Equity	2.28M	1.20M	4.01M	412.71K	-84.63K	1.36M
Cash Flow
Free Cash Flow	-3.39K	-3.03M	-3.09M	-22.11K	-22.51K	-105.38K
Operating Cash Flow	-3.39K	-3.03M	-3.09M	-2.31K	-2.71K	-900.00
Investing Cash Flow	0.00	0.00	0.00	-19.81K	-19.81K	-104.48K
Financing Cash Flow	-17.96K	-368.21K	7.15M	2.74M	1.36M	2.39M

Southern Hemisphere Mining Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SUH, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 25.39 is Positive, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SUH.

Southern Hemisphere Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GAL	53 Neutral	AU$53.36M	-50.85	-2.46%	―	―	-134.50%
LEX	53 Neutral	AU$72.04M	-28.57	-10.50%	―	―	32.77%
SUH	48 Neutral	AU$23.56M	-8.42	-108.41%	―	―	36.67%
COB	44 Neutral	AU$48.46M	-5.85	-18.74%	―	―	85.44%
MRC	40 Underperform	AU$25.60M	―	―	―	―	―
G6M	37 Underperform	AU$25.10M	-1.07	―	―	71.37%	82.48%

Southern Hemisphere Mining Limited Corporate Events

Southern Hemisphere Mining Rides Copper and Gold Rally as Llahuin Drilling Confirms Large Porphyry System

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.

Southern Hemisphere Mining Advances Exploration with New Drilling Initiatives

Southern Hemisphere Mining Limited announced the completion of downhole geophysics at Target A and the commencement of drilling at Target C, as part of their ongoing exploration efforts with JV partner FMR Resources Limited. This development is expected to enhance the company’s exploration capabilities and potentially lead to new discoveries, strengthening its position in the mining industry and offering promising prospects for stakeholders.

Southern Hemisphere Mining Confirms Extensive Porphyry Footprint

Southern Hemisphere Mining Limited has confirmed an extensive porphyry footprint at its Southern Porphyry project, as detailed in an update by its joint venture partner, FMR Resources Limited. This development underscores the company’s strategic positioning in the mining sector, particularly in copper-rich Chile, and could potentially enhance its resource base, impacting stakeholders positively by increasing the project’s value and attractiveness.

Southern Hemisphere Mining Uncovers High-Grade Copper at Llahuin Project

Southern Hemisphere Mining Limited announced the discovery of high-grade oxide copper mineralization at the surface during drill pad preparation at the Ferro South prospect, part of their Llahuin Project in Chile. This discovery, which includes minerals such as chrysocolla and atacamite, suggests a robust near-surface copper system with potential for early-stage, low-strip mining. The company plans to conduct further drilling to explore the continuity and structural controls of the mineralization, which could enhance their operational prospects and industry positioning.

Southern Hemisphere Mining Advances Exploration with New Copper Findings

Southern Hemisphere Mining Limited has announced an update from its joint venture partner, FMR Resources Limited, regarding copper and potassic alteration above the main southern porphyry target. This development is significant for the company’s exploration activities in Chile, potentially enhancing its resource base and strengthening its position in the copper mining industry. The update underscores the company’s ongoing commitment to advancing its projects and may have implications for stakeholders, particularly in terms of future resource potential and exploration success.

Southern Hemisphere Mining Announces Director Departure

Southern Hemisphere Mining Limited announced the cessation of Natalie Dawson as a director effective November 3, 2025. The company disclosed that Dawson held no registered securities but had interests in 1,834,263 fully paid ordinary shares and 1,000,000 unlisted options through Classico Holdings Pty Ltd and 300,000 fully paid ordinary shares through Bond Street Custodians Limited. This change in directorship may impact the company’s governance and investor relations, as stakeholders assess the implications of Dawson’s departure.

Southern Hemisphere Mining Limited’s AGM Results: Key Resolutions Passed

Southern Hemisphere Mining Limited held its Annual General Meeting on November 3, 2025, where shareholders voted on key resolutions. The remuneration report was approved with a significant majority, and Richard Caldwell was re-elected as a director, reflecting shareholder confidence in the company’s leadership and strategic direction.

Southern Hemisphere Mining Updates on Key Projects

Southern Hemisphere Mining Limited has provided updates on its Llahuin Copper/Gold/Moly Project and Los Pumas Manganese Battery Metals Project. The Llahuin Project has shown promising results with a total measured and indicated resource that is JORC (2012) compliant, and copper recovery rates ranging from 75% to 91%. The Los Pumas Project also maintains a large low-grade resource, with no new material changes affecting previous announcements. These developments indicate the company’s ongoing efforts to enhance its resource estimates and project viability, potentially impacting its market positioning and stakeholder interests.

Southern Hemisphere Mining Withdraws Director Re-election Resolution

Southern Hemisphere Mining Limited announced that Mrs. Natalie Dawson has decided not to stand for re-election as a director due to other business commitments. The Board has withdrawn the resolution for her re-election from the agenda of the Annual General Meeting. This decision does not impact the validity of proxy forms or other business items at the meeting, and votes on the withdrawn resolution will be disregarded. The Board expressed gratitude for Mrs. Dawson’s contributions over the past three years.