⚒️ Southern Hemisphere Mining Limited reports Mark Creasy’s FMR Resources will drill Llahuin’s deep Copper-Gold Curiosity-Southern Porphyry Target in Chile.
Southern Hemisphere Mining has executed a conditional, binding term sheet (“Term Sheet”) with FMR Resources Limited (ASX:FMR) under which FMR has the right to earn up to a 60% interest in 4 concessions that form the southern portion of SUH’s Llahuin Copper-Gold Project in Chile, including the large Curiosity Southern Copper-Gold Target.
- Farm-in Partner FMR Resources led by experienced mining executive Oliver Kiddie to drill the highly prospective Curiosity-Southern Porphyry Copper-Gold Target
- FMR Resources to fund up to $13m exploration expenditure and payment of $2.67m over two stages to earn up to 60% of the JV
- Stage 1 includes a minimum of one 1,400m drill hole in the Curiosity Target scheduled for Q4 CY2025
- Southern Hemisphere retains 100% of all JORC resources at Llahuin, Resource update pending
Chairman Mark Stowell said:
“This is an excellent partnership to advance the mineral endowment at Llahuin with a potential major copper-gold discovery, and FMR’s Managing Director Oliver Kiddie has extensive experience and success drilling large deep targets.
The Llahuin deposit has attracted considerable local and international interest in recent months and we are very pleased that FMR has taken the initiative to partner with us. We know the management and its backers and are gratified that they see the potential that we have been cultivating in recent years. The next 12 months will be very focused and we hope to unlock significant value for shareholders.”
FMR’s announcement which provides further details on this exciting huge drill target is attached.
SUH will retain 100% of the northern concessions, which include the mineral resources announced on 18 August 2013.
Also excluded from the Term Sheet is an area which comprises the Ferro deposit, Ferro South and the Ferro West Target and any extensions thereof which is to the north of AMAPOLA 1, 1 AL 300 – RED 1/228.
A map showing the concessions the subject of the Term Sheet is annexed to this announcement.
SUH will continue exploration on existing and current resources at Llahuin towards a mine scale resource, with substantial opportunities for resource expansion both open pit and underground, including the MT copper target Ferro West reported on 22 April 2025.
SUH will also continue exploration activities on its 100% owned Cardawan Copper Project (under application) in Western Australia.
The Full PDF is available below.
Figure 1.
Figure 2. Existing resources, Fathom litho-geochemistry and other targets shown above are in the Northern concessions or excluded deposits 100% owned by Southern Hemisphere Mining Ltd and not part of the FMR JV
Figure 3. Southern Hemisphere retains 100% of all Concessions marked in red as well as the Ferro deposit, and Ferro South and Ferro West Target and any extensions thereof which extend into Amapola I. All existing JORC resources are within the 100% retained area.
News Release
Date: 16 June 2025 | 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 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 (X).
