⚒️ Southern Hemisphere Mining Limited has released its Annual Report to shareholders dated 30 June 2025.
Dear Shareholder,
It is my pleasure to present the Annual Report for Southern Hemisphere Mining Limited for the financial year ended 30 June 2025—a year of
meaningful progress at our flagship Llahuin copper-gold-molybdenum project in Chile.
In a global environment more positive for minerals, particularly copper and gold, our team remained focused on delivering value through
disciplined exploration, technical excellence, and strategic partnerships.
The results speak for themselves: a significantly upgraded Mineral Resource Estimate at Llahuin and the formation of a transformative joint venture with FMR Resources Limited (ASX: FMR) to drill the large deep Curiosity-Southern Porphyry copper gold target.
The cornerstone achievement of FY25 was the release of a JORC (2012) Mineral Resource Estimate for the Llahuin Project, announced in
July 2025.
The resource stands at 218 million tonnes measured, indicated and inferred at 0.38% copper equivalent (CuEq), incorporating
copper, gold, and molybdenum across the Central Porphyry, Cerro, and Ferro zones. Notably, over 150 million tonnes have been classified as
Measured, reflecting the geological continuity and confidence established through recent drilling and re-logging programs.
This confirms Llahuin’s scale and development potential, and provides a robust platform for a lot more drilling to increase tonnes and grades
which then feed into future feasibility studies, permitting etc. The project’s location in central Chile, with proximity to infrastructure and a
supportive mining jurisdiction, is a major positive for future development.
In parallel with the resource upgrade, we were pleased to formalise a joint venture with FMR Resources, a respected Australian exploration
group with deep drilling operational expertise. This partnership is focused on drilling the Curiosity-Southern Porphyry target—a newly defined
zone at the Southern end of the broader Llahuin Valley copper system.
The Curiosity-Southern Porphyry target was identified through integrated interpretation of IP, MT, geochemistry and magnetic datasets,
combined with structural mapping and re-logged drill data. The alignment of these datasets, along with alteration assemblages and geochemical
vectors, suggests the potential for a large porphyry centre at depth—potentially analogous to other large-scale systems in the Andean belt such
as Valeriano (Atex Resources ATX.V) which is now growing in excess of 1.4bn tonnes inferred at 0.67% CuEq.
Drilling is scheduled to commence as this goes to print so we hope to have some positive results to report in due course.
Throughout FY25, we maintained a disciplined approach to capital allocation, directing funds towards high-impact exploration and strategic
development. Our cost base remains lean. We continue to evaluate opportunities to optimise our asset base and enhance shareholder value
through selective partnerships and technical advancement. The Cardawan project in WA acquired during the year is one such early-stage
copper prospect that we will commence working up to drill stage.
On behalf of the Board, I extend my sincere thanks to our shareholders for their continued support, to our team, consultants and contractors
for their dedication and professionalism, and to our partners FMR Resources—for their collaboration and shared vision.
Southern Hemisphere Mining is building momentum. The technical foundations are now in place, the partnerships are strong, and the
opportunities potentially arising from the deep drilling starting next month have our board and team on the edge of our seats!
Yours sincerely,
Mark Stowell
Chairman – Southern Hemisphere Mining Limited
The Full PDF is available below.
The annual report may contain certain forward-looking statements. Such statements are only predictions, based on certain assumptions and
involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Actual events or results
may differ materially from the events or results expected or implied in any forward-looking statement.
The inclusion of such statements should not be regarded as a representation, warranty or prediction with respect to the accuracy of the
underlying assumptions or that any forward-looking statements will be or are likely to be fulfilled. Southern Hemisphere Mining Limited
undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of the annual report (subject
to continuous disclosure requirements under the ASX Listing Rules).
The information in the annual report does not take into account the objectives, financial situation or particular needs of any person or
organisation. Nothing contained in the annual report constitutes investment, legal, tax or other advice.
Previous Disclosure – 2012 JORC Code
The information in the annual report that relates to specific exploration results, exploration targets and exploration data for the Company’s
Projects were extracted from previously released ASX announcements.
A copy of such announcements are available to view on the Company’s website www.shmining.com.au. The reports were issued in accordance
with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company
confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements.
The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified
from the original market announcement.
Resources are reported above a copper equivalent (CuEq) cut-off grade of 0.22% CuEq. The CuEq calculation is based on metal prices of
US$3.50/lb Cu, US$3,000/oz Au, and US$20/lb Mo.
Preliminary metallurgical recoveries from closed circuit flotation testwork confirmed no deleterious elements:
Cu 84–91%, Au 41–57%, Mo ~14–56%. CuEq formula: Cu % + (Au g/t × 1.25) + (Mo % × 5.7).
The CuEq values presented in the MRE are based solely on in situ metal grades and relative metal prices only. For comparison purposes 100%
recovery has been assumed across all metals in the CuEq calculation. These assumptions are offset by the use of conservative metal prices
and appropriately selected cut-off grades.
News Release
Date: 29 September 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.
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