Latest Southern Hemisphere Mining (ASX:SUH) News

Small-cap resources stocks led the week, while takeover activity and strong company results added to the gains. Wellnex Life more than doubled, but sharp falls in Trek Metals and Ionic Rare Earths showed that positive news did not always bring buyers.

Materials shares delivered another strong week, led by a 60.61% rise at iTech Minerals and major gains across gold, copper and critical minerals.
Investors rewarded fresh drilling results, larger mineral resources, project approvals and new supply agreements, although several heavily sold stocks showed that early buying did not always last.

Southern Hemisphere Mining has reported substantial copper sulphide mineralisation at its Llahuin project in Chile, with drill intercepts confirming a large porphyry system and prompting a resource upgrade.

Big price swings hit the materials board as deal news, capital raisings and resource updates pulled stocks in opposite directions. Gold M&A stayed busy, while critical minerals names kept feeding the market with drilling, testwork and project studies.

Southern Hemisphere Mining has pushed visible copper sulphide mineralisation deeper at its Llahuin project in Chile, with diamond drilling confirming continuity down to 256 metres. Assay results are pending, setting the stage for a clearer picture of the system’s scale and grade.

Southern Hemisphere Mining has confirmed extensive visible copper sulphide mineralisation down to 256 metres in diamond drilling at its Llahuin project, underpinning the scale potential of this porphyry copper system.

Final assays from drillhole 26LHDD073 at the Southern Porphyry target within the Llahuin Project Joint Venture validate a broad copper-gold-molybdenum mineralised system. Integration of geological and geophysical data aims to pinpoint the higher-grade core ahead of Phase II drilling.

Southern Hemisphere Mining has launched a 1,000-metre diamond drilling campaign at its Llahuin copper project in Chile, aiming to extend known mineralisation and test for higher-grade copper-gold-molybdenum zones within a 218Mt JORC resource.

Southern Hemisphere Mining has completed Phase I drilling at its Southern Porphyry target in Chile, confirming a large hydrothermal system and delivering encouraging assay results. The company is gearing up for Phase II drilling targeting the elusive high-grade core.

Southern Hemisphere Mining and partner FMR Resources have reported broad gold-copper-molybdenum mineralisation at the Southern Porphyry target in Chile, confirming a large porphyry system. Despite fertile intrusive phases intersected, the mineralised core remains elusive, setting the stage for targeted Phase II drilling.

FMR Resources has reported extensive mineralised intersections in drillhole 26LHDD073 at Target L within the Llahuin Project JV, highlighting promising porphyry copper-gold-molybdenum potential. Assay results are anticipated in June 2026, setting the stage for a focused Phase II drilling campaign.

FMR Resources has commenced drilling at Target K within the Southern Porphyry zone of the Llahuin Project JV, aiming to unlock new copper-gold-molybdenum mineralisation. This step follows detailed integration of geological and geophysical data refining the exploration focus.