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Southern Hemisphere Mining Limited ( (AU:SUH) ) has provided an announcement.
Southern Hemisphere Mining Limited has announced that FMR Resources Limited has completed its due diligence and will earn up to a 60% interest in the southern portion of the Llahuin Copper-Gold Project in Chile. This joint venture is expected to enhance exploration efforts with deep drilling planned for late 2025, potentially benefiting shareholders through exposure to a significant copper discovery. The transaction also involves a $2.2 million placement, with notable investor Mark Creasy joining FMR as a substantial shareholder, signaling strong confidence in the project’s potential.
More about Southern Hemisphere Mining Limited
Southern Hemisphere Mining Limited operates in the mining industry, focusing on copper and gold exploration. The company is involved in projects in Chile, with a particular emphasis on the Llahuin Copper-Gold Project.
Average Trading Volume: 244,399
Technical Sentiment Signal: Hold
Current Market Cap: A$22.09M
For a thorough assessment of SUH stock, go to TipRanks’ Stock Analysis page.