Southern Hemisphere Mining Limited reports the Quarterly Activity Report for the period ended 30 September 2023.

Read the full QAR

⚒️ HIGHLIGHTS

  • Diamond and RC drilling to commence at Llahuin Copper-Gold Project to test multiple targets generated from soil geochemistry sampling programs and downdip zones from previous drilling programs
  • Recent rock chip sampling highlight grades of up to 7.28% Cu, 18.65g/t Au, 55g/t Ag
  • Titan Battery Minerals Technology Pty Ltd incorporated to demerge the Los Pumas Battery Metals Manganese Project into a dedicated globally focused battery minerals and technology company
  • The Lago Lithium Brine Project includes nine new concessions, covering an area of appromimately 27km2 and located near two of the largest lithium operators, SQM and Albemarle, in the widely renowned lithium rich Atacama region of Chile.

Figure 1. Location Map of Southern Hemisphere Mining’s Projects in Chile

EXPLORATION ACTIVITIES

  • Llahuin Copper-Gold-Moly Porphyry Project 100%

The Company contracted DV Drilling from La Serena, Chile to complete a 2,500m diamond and RC drilling program at its Llahuin Copper-Gold-Moly Porphyry Project in Chile.

The drilling program at the Cerro de Oro deposit will test downdip extensions from the previous drilling program and the area between the Cerro de Oro and Ferrocarril sectors where recent soil geochemistry demonstrates a significant copper and gold anomaly.

A recent rock chip sampling program as part of mapping and refining drill targets returned a number of significant results including, copper to 7.28%, gold to 18.65g/t and silver to 55g/t.

Regular updates will be provided during the drilling and as assay results are received from the ALS laboratory in La Serena with first results expected mid-November 2023.

(Refer ASX Announcement, dated 18 October 2023 – Drilling Commenced at Llahuin Copper-Gold Project, Chile).

Figure 2. Project map showing the large growth target at Cerro-Ferro deposits link and comparative scale to the Kalgoorlie Super-Pit

  • Los Pumas Battery Metals Manganese Project 100%

During the quarter under review, the Company reported that Titan Battery Minerals Technology Pty Ltd (“Titan BMT”) (100% owned by Southern Hemisphere) was incorporated with the intention of acquiring 100% of the shares in Minera Panamericana SCM, a wholly owned subsidiary of Southern Hemisphere, which holds 100% of the Los Pumas Battery Metals Manganese Project.

The demerger will create a dedicated, globally focused battery minerals and technology company.

The Los Pumas Project is the flagship project to convert high-quality manganese mineral resources into High-Purity Manganese Sulphate Monohydrate (“HPMSM”) to supply the Electric Vehicle (“EV”) and battery energy storage markets.

Other advancing projects and technologies in lithium, manganese and cobalt are key areas for business growth as the Los Pumas Project moves through the feasibility stage.

(Refer ASX Announcement, dated 5 July 2023 – Titan Battery Minerals Technology Pty Ltd Incorporated to Demerge the Los Pumas Battery Metals Manganese Project).

  • Lago Lithium Brine Project 100%

The Company submitted the application for the Lago Lithium Brine Project located in the renowned lithium-rich Atacama region of Chile and covering an area of approximately 27km².

The Salar de Atacama is widely recognised for its exceptional lithium deposits operated by the world’s largest lithium brine producers, SQM and Albemarle.

(Refer ASX Announcement, dated 10 July 2023 – Application for the Lago Lithium Brine Concessions in Chile).

Figure 3. Location of the nine new lithium brine concessions

View the full PDF of the Quarterly Activities Report here

COMPETENT PERSON / QUALIFIED PERSON STATEMENT:
The information in this report that relates to copper and gold exploration results for the Company’s Projects is based on information compiled by Mr Adam Anderson, who is a Member of The Australasian Institute of Mining and Metallurgy and The Australian Institute of Geoscientists. Mr Anderson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Anderson is a consultant for the Company and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

News Release
Date: 24 October 2023 | ASX Code: SUH | Frankfurt Exchange: NK4

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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 Lago Lithium Exploration Project, and the Los Pumas Manganese EV Battery Project, all of which were discovered by the Company.

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