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Southern Hemisphere Mining Limited (ASX:SUH)

ALERT: Price-sensitive ASX Announcement for SUH
Current share price for SUH : $0.036 0.012 (50%)+
Announcement
Release
27 Jul 2026 11:15AM
Price at Release
$0.024
Full Release
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Summary
Southern Hemisphere Mining Limited (ASX: SUH) has reported its quarterly activities and Appendix 5B cash flow report for the period ending 30 June 2026. The company has completed a 2,250m diamond drilling program at the Llahuin Copper-Gold-Molybdenum Project, targeting mineral extension at Ferro South, Ferro Central, and Cerro. Results from the drilling are expected in August. The company has engaged in further exploration, with positive findings at the Southern Porphyry target, which revealed broad copper-gold-molybdenum anomalism. Financially, Southern Hemisphere Mining reported a net cash outflow from operating activities of $1.03 million, with financing activities providing an inflow of $450,000. As of the end of the quarter, the company has $110,000 in cash equivalents and has secured additional funding facilities of up to $1 million from Merchant Holdings Pty Ltd. No new mining and development activities were recorded during the quarter.
Key Points
  • Completion of 2,250m diamond drilling at Llahuin Project.
  • Results from drilling expected in August 2026.
  • Exploration reveals copper-gold-molybdenum anomalism at Southern Porphyry.
  • Net cash outflow from operating activities totaled $1.03 million.
  • Financing activities provided a cash inflow of $450,000.
  • Current cash equivalents stand at $110,000.
  • Additional funding from Merchant Holdings Pty Ltd up to $1 million secured.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.