26 slides from Southern Hemisphere Mining's conference presentation, Feb 27, 2024
Slide 1: Llahuin – One of World's Next Long-Life Copper Mines
For personal use only LLAHUIN – “ONE OF WORLD’S NEXT LONG-LIFE COPPER MINES” PDAC 2024 ASX: SUH FWB: NK4 www.shmining.com.au Southern Hemisphere Mining Limited I ASX: SUH 1
Slide 2: Disclaimer
Disclaimer This presentation includes certain forward-looking statements about future events and/or financial results which are forward- looking in nature and subject to risk and uncertainties. Such forward-looking statements or information, including but not limited to those respect to the developm
Slide 3: Large Copper/Gold Mine Emerging in Chile
LARGE COPPER/GOLD MINE EMERGING IN CHILE For personal use only ▪ LLAHUIN COPPER/GOLD (100%) Llahuin is Southern ▪ Flagship project: Increasing open pit resources Hemisphere Mining’s flagship to 20+ year mine life copper/gold project, located 350km North of Santiago, Chile ▪ LAGO LITHIUM BRINE PROJEC
Slide 4: Board and Management: Our Team Knows Copper Mining
Board and Management: Our Team Knows Copper Mining Over 40 years combined mine discovery, development and / or operating experience internationally; including two of the world’s more significant copper mines; Dikulushi - located in DRC Africa & Grasberg Mine - located in West Papua Internationally e
Slide 5: Capital Structure
Capital Structure Summary Fully paid ordinary shares 590,506,300 For personal use only Float Richard Warke Unlisted options (mgt) 13,750,000 39% 36% Cash and receivables ~$4m Market cap at $0.04 $25m Lowell $ 2% Beaty Lundin Mgmt 4% Blackrock 10% 5% Notes Unlisted Options Exercisable Nil (Performanc
Slide 6: Straightforward Investment Metrics
Straightforward Investment Metrics ✓ Chile has an International Credit Rating of A For personal use only ✓ Excellent Location ❖ Low altitude at 1,300m Float Richard Warke 36% 39% ❖ ~5km to grid power, 200km to Coquimbo Port ❖ Combarbala town Lowell 24km 2% (13,000popn), Santiago Blackrock350km Beaty
Slide 7: Llahuin Copper/Gold Project 169Mt @ 0.4% CuEq and Growing
Llahuin Copper/Gold Project 169Mt @ 0.4% CuEq M+I+I and Growing What’s New? For personal use only 1. Geochemistry works-+2000 samples 2. Full surface mapping and sampling program instigated identifying the vein structures and orientations 3. Relogged +20km of core, vein density, multi- element assay
Slide 8: The Llahuin Valley Hosting a Cluster of Copper/Gold Deposits
The Llahuin Valley Hosting a Cluster of Copper/Gold Deposits With More to Discover For personal use only Southern Hemisphere Mining Limited I ASX: SUH 8
Slide 9: Mineral Resource Estimate Independently Certified
Mineral Resource Estimate Independently Certified • Total Copper tonnes: 686,000t CuEq For personal use only • Measured Indicated and Inferred at 0.28% cut-off* • From surface, open pit style mining and growing Southern Hemisphere Mining Limited I ASX: SUH 9
Slide 10: Llahuin Central Deposit 108mt @ 0.42% CuEq Measured and Indicated
Llahuin Central Deposit 108mt @ 0.42% CuEq Measured and Indicated Resource drilling complete for open pit mining For personal use only ✓ ~1:1 Strip ratio, ore from surface ✓ Defined depth of drilling limit (open pit) ~400m vertical Highlight Drill Results *Note higher grades at depth RC-LLA-010: 496
Slide 11: Cerro-Ferro Deposits Link
Cerro-Ferro Deposits Link Geochemistry, geophysics and drilling to one large 1.9km strike deposit For personal use only Recent Drill Results: 23LHRD0027: 156m @ 0.51% CuEq from surface Incl 82m @ 0.67%CuEq from 46m 23LHRD0028: 136m @ 0.47%CuEq from 32m More results in process Southern Hemisphere Min
Slide 12: Llahuin Block Model and Topography-Good Mining Configuration
For personal use only Llahuin Block Model and Topography-Good Mining Configuration Southern Hemisphere Mining Limited I ASX: SUH
Slide 13: Recent Drill Results from Cerro-Ferro
Recent Drill Results from Cerro-Ferro 82m@0.67%CuEq from 46m For personal use only • 23LHRD0027: 156m @ 0.51% CuEq from surface, • incl 82m @ 0.67%CuEq from 46m • 23LHRD0028: 136m @ 0.47%CuEq from 32m Southern Hemisphere Mining Limited I ASX: SUH 13
Slide 14: Cerro-Ferro Deep Target at 1,200m
For personal use only Cerro-Ferro Deep Target at 1,200m • The 100mRL (1200m deep) 3D Magnetic Inversion Model (MIM) slice shows the three deposits are from the same porphyry rootstock at depth shown in magenta • The Southern Porphyry (SP) is associated with a different porphyry stock Southern Hemisp
Slide 15: Cerro-Ferro Deep Target at 700m
For personal use only Cerro-Ferro Deep Target at 700m • The 500mRL (700m deep) 3D Magnetic Inversion Model slice indicates the main porphyry stock is associated with the Cerro-Ferro zone Southern Hemisphere Mining Limited I ASX: SUH
Slide 16: Long Section of Cerro-Ferro to SP and 2023/4 Drill Traces
For personal use only Long Section of Cerro-Ferro to SP and 2023/4 Drill Traces Southern Hemisphere Mining Limited I ASX: SUH 16
Slide 17: Southern Porphyry Large Copper/Gold Target
Southern Porphyry Large Copper/Gold Target Subvertical Santa Maria gold system with no drilling (Looking ESE) Outcrops for 500m - 35 to 50m wide with several historical workings. For personal use only Mo and tenorite (black oxide Cu) at surface confirmed with Pxrf. Fractures with copper 75m beneath
Slide 18: Southern Porphyry Large Copper/Gold Target
Southern Porphyry Large Copper/Gold Target • Copper/Gold geological and For personal use only geochemical targets • Field mapping and rock chip sampling completed to interrogate the broader target area and generate drill targets • Numerous surface showings of copper and gold in artisanal workings th
Slide 19: Clear Direction Forward
Clear Direction Forward Open Pit Resources Expansion • Drilling a major expansion of the Llahuin resource towards a ~20+ year For personal use only open pit style mine. +12 years already in M+I+I resources • Studies in progress to refine modelling of current mineralised zones for potential increase
Slide 20: Coquimbo Region Emerging
Coquimbo Region Emerging New El Espino Copper Mine in Construction 8km West of Llahuin For personal use only LLAHUIN 169mt @ 0.4% CuEq Open Pit and Growing EL ESPINO COPPER MINE (Pucobre/RCF) • Under Construction~$490m capex • 26ktpa Cu, 13k oz pa Gold • RCF investment US$90m for 23.6% -2023 • EV$38
Slide 21: Copper Market Showing a Major Deficit Ahead
Copper Market Showing a Major Deficit Ahead For personal use only Southern Hemisphere Mining Limited I ASX: SUH 21
Slide 22: ASX Copper Explorers EV/Resource Trading Multiple
ASX Copper Explorers EV/Resource Trading Multiple Source: Eurozhartleys February 23 For personal use only Southern Hemisphere Mining Limited I ASX: SUH 22
Slide 23: Lago Lithium Brine Project - Lithium Triangle - Atacama Region Chile
Lago Lithium Brine Project -Lithium Triangle -Atacama Region Chile For personal use only • Acquired 2023 • Salar feeding into the World Class Atacama lithium Brines operations • Unexplored • Excellent access • Large land position (all surrounding tenure now held by Li operators) Southern Hemisphere
Slide 24: Los Pumas HPMSM Battery Manganese Project - Chile
Los Pumas HPMSM Battery Manganese Project- Chile • 100% owned- located Northern Chile • Advancing discussions with potential For personal use only development/offtake partners for Project Equity Funding to DFS • Indicated and inferred resource 30.3Mt @ 6.24% Mn (2.5% Mn COG) • Large low grade inferr
Slide 25: Appendix 1: Chile and Comparative Country Credit Ratings
Appendix 1: Chile and Comparative Country Credit Ratings For personal use only Fitch’s Country Credit Rating Chile A- (Dec 23) • Australia AAA (May 23) • Argentina CC (May 23) • Columbia BB+ (Dec 23) • Brazil BB (Nov 23) • Ecuador CCC+ (Dec 23) • Mexico BBB- (Dec 23) • Peru BBB- (Oct 23) Southern He
Slide 26: Thankyou
Thankyou For personal use only For more News from Southern Hemisphere Mining Limited please visit our Company News Page and/or Follow us on Linkedin and Twitter @SHMining Booth #3242 PDAC 24 Southern Hemisphere Mining Limited I ASX: SUH 26