⚒️ Southern Hemisphere Mining Limited is pleased to announce that FMR Resources Limited has completed its technical due diligence to proceed to earn up to a 60% interest in the 4 selected concessions that form the southern portion of the Company’s Llahuin Copper-Gold Project in Chile, including the large Southern Porphyry Copper-Gold Target.
The transaction provides the Company’s shareholders with exposure to an aggressive and well-funded exploration program with deep drilling planned for Q4 2025, targeting the large Southern Porphyry Copper-Gold prospect.
FMR has successfully completed a $2.2m placement in connection with the transaction, with respected resource investor Mark Creasy joining the FMR register as a substantial shareholder.
Southern Hemisphere Mining Chairman Mark Stowell said:
“We are delighted to welcome FMR to the Llahuin Copper-Gold Project and look forward to joint exploration success across the Southern Porphyry zone.
This strategic JV validates our long-held view of the district’s latent potential, and with drilling planned for Q4 2025. Our shareholders are well positioned to benefit from upcoming catalysts in this emerging major copper story.”
FMR’s announcement which provides further details is below.
- Completion of Right to Earn Majority Interest in Highly Prospective Chilean Copper-Gold-Molybdenite Porphyry Project
- Completion of Transaction
- Completion of Placement to Raise $2.2M
- Mark Creasy becomes substantial shareholder on FMR register
- Cash $4.2M following completion of Placement
FMR Resources Limited is pleased to announce it has satisfied the conditions under the Binding Term Sheet giving it the right to earn up to a 60% interest in a highly prospective copper-gold-molybdenite project in central Chile (Transaction) and completed the Transaction. FMR will joint venture (JV) into selected tenements (the JV Tenements or Concessions) within the Llahuin Project (Llahuin or the Project) held by Southern Hemisphere Mining Ltd (SUH) which overlie the Southern Porphyry Target.
FMR has also completed the second tranche of its $2.2M placement and is very pleased to welcome renowned explorer and resource investor Mark Creasy as a substantial shareholder as part of this process.
The Southern Porphyry JV gives FMR exposure to a potential Company-making discovery. Coincidental datasets captured across the Southern Porphyry target area suggest a large, untested copper porphyry system below historic exploration. With proven fertility along a ~6km corridor at Llahuin, including historic shallow copper porphyry mineralisation directly above the Southern Porphyry target, this JV delivers FMR drill-ready targets for Q4 2025.
FMR Managing Director, Mr Oliver Kiddie said:
“The completion of the Llahuin JV transaction is another important step as FMR embarks on phase I drilling of the exciting Southern Porphyry target area. At the same time, the Company officially welcomes renowned resource investor Mark Creasy as a substantial shareholder. We look forward to working with the SUH team to unlock the exploration potential of this compelling copper story.”
The Full PDF is available below.
News Release
Date: 5 August 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 flagship Llahuin Porphyry Copper-Gold-Moly Project and the Los Pumas Manganese EV Battery Project, both 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).
