Southern Hemisphere Mining Limited has welcomed the views of Jeffrey Currie, Global Head of Commodities at Goldman Sachs, who told CNBC’s Squawk Box this week that a commodities super-cycle is already underway.
“This is the first innings of a commodities super-cycle – it’s not just oil and gas, it’s metals, it’s mining, it’s agriculture – because the sector has suffered from a decade-plus of under-investment,”
Currie said – you can watch the full interview here.
“All of these capital heavy industries have suffered from under-investment.”
Southern Hemisphere Mining (ASX: SUH) is poised for a re-rating, given that it has a number of advancing commodity projects in Chile. The company is currently drilling to expand their resource base at the Llahuin Copper-Gold-Moly Project and adjoining Colina2 Gold Project.
- Llahuin Copper-Gold-Moly Project
- 610,000t CuEq Resource.
- Drilling targets for new large copper discoveries defined by recent drone mag.
- RC Drilling program Dec 21-Feb 22 complete – CuEq results and here.
- Diamond Drilling program commenced May 22 – update June 22.
Llahuin is located within a very large mineralised system, noting the El Espino Copper/Gold Mine development 8km west, owned by Pucobre, a large Chilean copper producer.
Southern Hemisphere Mining also owns the Los Pumas Manganese Project near Arica, Chile. The project is at an advanced stage (hosting 23mt @ 7.8% Mn) and the company is seeing a JV partner.
Currie also added this on the global nature of commodities.
“What makes commodities very different to other asset classes in other sectors, is they are truly global in nature and they are very fungible across the world.”
Southern Hemisphere Mining’s three major projects are located in Chile.
News Release
Date: 14 June 2022 | ASX Code: SUH
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Southern Hemisphere Mining Limited is an experienced minerals explorer in Chile, South America. Chile is the world’s leading copper producing country and one of the most prospective regions of the world for major new copper discoveries. The Company’s projects include the Llahuin Porphyry Copper-Gold-Moly Project, the adjacent Colina 2 Gold Project, and the Los Pumas Manganese EV Battery Project, all of which were discovered by the Company.
For the latest information about the Company – please visit our Latest News and Corporate Profile pages. We are also on LinkedIn and Twitter.
