⚒️ With Copper and Gold prices on the rise, Southern Hemisphere Mining Limited reports its Quarterly Activity for the period ended 31 December 2025 – including a comment by the SUH Chairman.
- Copper and gold prices increase to US$13,000/t and US$5,000/oz respectively increasing the endowment value of the Company’s Llahuin Copper-Gold Project
- Llahuin hosts a 218.2 million tonne resource at 0.38% CuEq M+I+I and includes 496,600t of copper, 654,900oz of gold and 12,500t of molybdenum
- Southern Porphyry JV with FMR Resources Phase 1 drilling (25LHDD0070 – Target A) completed, with the maiden drillhole reaching approximately 1,400m and confirming an extensive intrusive and hydrothermal footprint.
Hole 25LHDD0071 in progress, and Hole 25LHDD0072 pad completed for proposed drilling - High-grade oxide copper discovered at surface at Ferro South (100% SUH), with pXRF reading of 15% Copper during drill pad preparation
Chairman Mark Stowell commented:
“Metal prices closed the December quarter with copper trading above US$12,000 per tonne and gold above US$4,000 per ounce, representing a material appreciation in the endowment value of the Company’s existing resource.
The Project is underpinned by a 218.2mt resource at 0.38% CuEq, containing 496,600t copper, 654,900oz gold and 12,500t moly representing the foundation of what has been defined to date. There is substantial potential for further resource growth with drilling in progress.
Recently an exploration target was published for a further 260-340mt at Llahuin.
Since the start of the year, gold and silver prices have strengthened further, with gold recently breaching US$5,000/oz and copper trading above US$13,000/t. Supported by low-altitude access and proximity to grid power just 5 kilometres away, Llahuin is well positioned to advance a large-scale copper-gold system into an increasingly constrained global copper market.”
EXPLORATION ACTIVITIES
Llahuin Copper-Gold-Moly Project
Curiosity-Southern Porphyry Target at Llahuin
During the quarter, joint venture partner FMR Resources Limited (ASX: FMR) continued drilling the maiden deep diamond hole 25LLDD0070 at the Curiosity-Southern Porphyry Target.
Drilling progressed from early-stage epithermal mineralisation into progressively more intrusive and altered units consistent with a large porphyry system.
The drillhole advanced from ~800m at the beginning of the quarter to a final depth of 1,469.1m.
Key geological observations reported across the quarter included:
- Near-surface epithermal zone:
- 9m of epithermal veining from 171.6 – 180.6m, including 1m @ 1.7% Copper
- Confirmation of a mineralised epithermal vein swarm above the porphyry system
- Porphyry-related indicators at depth:
- Remobilised chalcopyrite C-type at ~400m
- Anhydrite-pyrite veining from ~485 – 745m
- Increasing potassic-biotite alteration and copper-bearing quartz-sulphide veining above 1,200m
- Cracke breccia zone from ~1,160m
- Mafic-andesitic dyke between 1,294 – 1,304m, consistent with late intrusive phases in porphyry systems
- Deep intrusive and hydrothermal footprint:
- From 1,105 – 1,469m, drilling intersected:
- Quartz-anhydrite veinlet stockworks
- Pyrite-chalcopyrite sulphides
- Magnetite haloes
- Altered diorite, hornfels and andesitic porphyry
- From 1,105 – 1,469m, drilling intersected:
- Downhole magnetic susceptibility and conductivity measurements indicate the main MT conductive feature has not yet been intersected.
Drilling was temporarily paused at 1,198.9m due to mechanical failure, with replacement equipment mobilised.
Ground conditions remained stable throughout.
Whole-rock geochemistry, thin-sec on petrography and downhole geophysical surveys (IP, EM conductivity, spectral gamma) are underway to refine the geological and geophysical model ahead of priori sing the next drillholes.
Refer ASX Announcements
– Drilling Nears The Main Southern Porphyry Target, dated 23 October 2025.
– Copper & Potassic Alteration Above Main Porphyry, dated 10 November 2025.
– Extensive Porphyry Footprint at Southern Porphyry, dated 25 November 2025.
Ferro South – Llahuin Copper-Gold-Moly Project (100%)
On 24 November 2025, the Company reported the discovery of high-grade oxide copper exposed at surface during site preparation for the extensional drilling planned at the Ferro South prospect, part of the Company’s flagship Llahuin Copper-Gold-Molybdenum Project in central Chile.
Key observations:
- Copper oxide minerals (including chrysocolla and atacamite) exposed in outcrop / sub-crop
- Vanta M series pXRF reading of 15% Copper obtained from crushed/pulverised sample (Geochem mode, 3-beam, 30 seconds each)
- Samples dispatch for laboratory assay
- Planned drilling to test the strike and depth con nuity of the oxide zone and structural controls
- Potential connection to the broader Llahuin system and the <50 ohm-m MT anomaly west of Ferro South
Refer ASX Announcement
– Discovery Of High-Grade Oxide Copper At Surface-Ferro South, dated 24 November 2025.
Cardawan Copper Project
The Cardawan licence applications (ELA 52/4433 and ELA 52/4434) are located approximately 160km south of Newman, and the Great Northern Highway runs through the project.
The tenements are 169 and 8 blocks size respectively. (Approximately 3km2 per block).
This large copper prospect was pegged by the Company based on an exploration concept for sedimentary hosted copper deposits.
The historic Kumarina Group of copper deposits and prospects are along strike and in adjacent to other tenements to the east of Cardawan.
The Abra lead silver mine is 70km west of the Cardawan Copper Project and the DeGrussa VMS copper gold silver mine is approximately 100km south.
An early-stage low-cost high impact copper prospect in an excellent loca on both geologically and strategically.
Sedimentary hosted copper deposits are common in the Zambian copperbelt.
Los Pumas Battery Metals Manganese Project 100%
The Los Pumas Project is an advanced manganese deposit for which Southern Hemisphere is seeking offtake/JV funding/sale for a long life mine to produce:
- Agriculture products for soil improvement;
- Electrolytic Manganese for steel making; and/or
- High-Purity Manganese Sulphate Monohydrate (“HPMSM”) to supply the Electric Vehicle (“EV”) and energy storage markets.
Southern Hemisphere is actively marketing this project, and welcome any inquires to cosec@shmining.com.au
Location map of Southern Hemisphere’s Projects in South America.
The Full PDF is available below.
LLAHUIN COPPER-GOLD PROJECT
ASX Release – Discovery Of High-Grade Oxide Copper At Surface – Ferro South – 24 November 2025
CURIOSITY-SOUTHERN PORPHYRY TARGET
ASX Release – (ASX:FMR), Confirmation Of Extensive Porphyry Footprint At Southern Porphyry – 25 November 2025
ASX Release – (ASX:FMR), Copper And Potassic Alteration Above Main Porphyry Target – 10 November 2025
ASX Release – (ASX:FMR), Highly Encouraging Mineralisation Indicators As Drilling Nears Main Porphyry Target – 23 October 2025
LOS PUMAS BATTERY METALS MANGANESE PROJECT
ASX Release – Company Presentation – Los Pumas Manganese Project, Chile – 20 May 2024
ASX Release – Intension to Demerge Battery Minerals Asset – 5 July 2023
CARDAWAN COPPER PROJECT
ASX Release – New Cardawan Copper Project WA – 29 April 2025
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: 28 January 2026 | 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).
