Southern Hemisphere Mining Limited · ASX:SUH
Southern Hemisphere Mining — Investor Presentation (July 2023)
39 slides from Southern Hemisphere Mining's investor presentation, Jul 18, 2023
Slide 1: Half-way to a Mine – Exploring the Llahuin Project
Half-way to a Mine – Exploring the Llahuin Project LLAHUIN - “ONE OF WORLD’S NEXT LONG-LIFE COPPER MINES” Southern Hemisphere Mining Limited I ASX: SUH 1
Slide 2: Our Vision and Three Pillared Strategy
Our Vision: To establish the next major critical metals infrastructure asset in a top global jurisdiction maximizing risk-adjusted shareholder returns in a decarbonizing world from a capital intensity, jurisdictional, and GHG emissions perspective Our Three Pillared Strategy: Llahuin is Southern STA
Slide 3: Board & Management: Our Team Knows Copper & Mining
Board & Management: Our Teams 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 Mr. Stowell an A
Slide 4: Capital Structure
Capital Structure Summary ASX SUH Fully Paid Ordinary Shares 590,506,300 Float Richard Warke Listed Options2 (ASX: SUHO) 142,545,263 36% 39% Unlisted Options3 13,750,000 Share Distribution Cash – Post Entitlement Offer $2.7M Lowell Market Capitalisation @ $0.02 $11.8M Blackrock $ 2% Beaty Lundin Mgm
Slide 5: Llahuin Investment Summary
Llahuin Investment Summary Working towards Llahuin being one of the world’s next long life copper mines Regulatory & Fiscal Stability Chile Credit rating A2 Excellent Location for Infrastructure Low altitude at 1300m ~5 km to Grid Power, 200km to Coquimbo Port Combarbala town 24km, San
Slide 6: Llahuin Copper/Gold/Moly: One of the World's Next Long Life Copper Mines
Llahuin Copper/Gold/Moly: “One of the World’s Next Long Life Copper Mines” Copper Resource - 169Mt @ 0.4% CuEq - 1.5B lb CuEq and Growing Targeting resource increase for a +20 year open pit mine life then PEA/PFS Central Deposit hosts 108mt @ 0.42% CuEq M+I from surface, incl 60mt higher grade at 0.
Slide 7: Mineral Resource Estimate Independently Certified
Mineral Resource Estimate Independently Certified Metal Totals:: 762,000t CuEq at 0.26% cut-off 686,000t CuEq at 0.28% cut-off- Comprising: 470,000t Cu, and 717,000oz Gold Note: *Copper Equivalent (“Cu Equiv”): The copper equivalent calculations represent the total metal value for each metal, multip
Slide 8: Lago Lithium Brine Project - Lithium Triangle - Atacama Region Chile
Lago Lithium Brine Project -Lithium Triangle -Atacama Region Chile Southern Hemisphere Mining Limited I ASX: SUH 8
Slide 9: Corporate History
Corporate History • 2022-23 - New targets identified -Cerro-Ferro link- 1.9km very large target with resource at each end, Southern Porphyry, further targets in generation stage • 2022 - Full geochem and mapping program instigated over whole concession, WIP ~60% complete • 2022 - Geological model re
Slide 10: Central Deposit: M+I+I Resource Category Diagram
Central Deposit: M+I+I Resource Category Diagram +90% Measured category Exploration drilling completed 108mt @ 0.42% CuEq M+I Ready for open pit mine study Southern Hemisphere Mining Limited I ASX: SUH 10
Slide 11: Central Deposit: Includes higher grade core 0.5% CuEq starter pit
Central Deposit: Includes higher grade core 0.5% CuEq ~starter pit Central Deposit Resource drilling complete for open pit mining 108mt @ 0.42% CuEq Measured and Indicated ~1:1 Strip ratio, ore from surface High Grade core (for starter pit) 60mt @ 0.5% CuEq Highlight Drill Results *Note high
Slide 12: Cerro–Ferro Deposits: Both Resources Link in Geochem and Mag - Drilling Next
Cerro–Ferro Deposits: Both Resources Link in Geochem and Mag- Drilling Next • Recent soil sampling results clearly show the Cerro De Oro and Ferrocarril deposits are likely one, over a large 1.9km strike • 3D Magnetic Susceptibility Inversion model also suggests the deposits are from the same source
Slide 13: Cerro–Ferro Deposit: Resources Link for Growth
Cerro–Ferro Deposit: Resources Link for Growth Kalgoorlie Super-Pit shown for comparative scale Southern Hemisphere Mining Limited I ASX: SUH 13
Slide 14: Cerro-Ferro: Link-up for Potential Major Growth Corridor
Cerro-Ferro: ‘Link-up’ for Potential Major Growth Corridor Mag Slice at ~1200m Below Surface Southern Hemisphere Mining Limited I ASX: SUH 14
Slide 15: Cerro-Ferro: Copper/Gold/Moly Deposit(s)
Cerro–Ferro: Copper/Gold/Moly Deposit(s) Recent Tourmaline cemented breccia Relogging of available diamond reinterpretation as a outcropping at Ferrocarril outcrops core at Ferrocarril - Cerro De Oro hydrothermal breccia near the highest grade soil sample has revealed a significant porphyry system w
Slide 16: Cerro-Ferro: Grade Upside & Possible Grade Increase With Depth
Cerro-Ferro: Grade Upside & Possible Grade Increase With Depth Recent Diamond and RC NW drilling shows better grade continuity between drillholes and sections- 21LHRC009 69m @ 0.47% CuEq from surface to end of hole Gold mineralisation is controlled by NNE striking vein sets which dip steeply to the
Slide 17: Southern Porphyry: Large Copper/Gold/Moly Target
Southern Porphyry: Large Copper/Gold/Moly Target Southern Hemisphere Mining Limited I ASX: SUH 17
Slide 18: District Consolidation Opportunity
District Consolidation Opportunity LLAHUIN 169mt @ 0.4% CuEq Open Pit and Growing EL ESPINO IOCG PROJECT (Pucobre) 145mt @ 0.7% Cu Eq Open Pit Private operators -Llanos de Llahuin area-- hydrothermal breccias and porphyry copper/gold Southern Hemisphere Mining Limited I ASX: SUH 18
Slide 19: Llahuin - El Espino EW Cross Section - District Consolidation Scale
Llahuin - El Espino EW Cross Section - District Consolidation Scale Opportunity 24/4/23-RCF agreement for investing US$90m for 23.68% to advance development of El Espino - Possible future combination? Southern Hemisphere Mining Limited I ASX: SUH 19
Slide 20: Stage 2: Massive Underground Cu Target 3D Magnetic Inversion
Stage 2: Massive Underground Cu Target 3D Magnetic Inversion Model Slice at 100mRL (1200m depth) • The 3D magnetic susceptibility inversion model suggests the three deposits (Central Porphyry, Cerro de Central Porphyry Oro and Ferrocarril – black circles) are all derived from one root stock porphyry
Slide 21: 3D Magnetic Inversion Model Slice at 1000mRL (300m depth)
3D Magnetic Inversion Model Slice at 1000mRL (300m depth) • The 3D magnetic Model Depth Slice susceptibility inversion model Central Porphyry suggests the root stock separates into two distinct deposits (Central Porphyry, Cerro de Oro and Ferrocarril – Cerro de Oro black circles) separate nearer sur
Slide 22: 3D PD IP Chargeability 300m Depth
3D PD IP Chargeability 300m Depth • The high chargeability values (>40 mV/V & which should be related to pyrite distribution) tend to be elongated along and associated with the main NNW fault system. • The Central Porphyry and Cerro-Ferro deposits sit in the dextral dilation zone which has allowed t
Slide 23: 3D PD IP Resistivity 300m Depth
3D PD IP Resistivity 300m Depth • The resistivity variation in the survey area is dominated by a low resistivity zone (@100 ohm-m) that extends to the NNW along the main fault zone. • The main NW-SE trending low covers the Ferrocarril and SE intrusions. It is likely due to a combination of alteratio
Slide 24: Project Office and Core Shed
Project Office and Core Shed Fully functional site office with satellite internet, power, water and toilets Core storage facility with core racks for easy access to the 26,000m of core and capacity for an additional 10,000m Stores pulps here from 60km drilling plus soil reference samples South
Slide 25: Clear Direction Forward
Clear Direction Forward STAGE 1: Open Pit Exploitable Resources: 1. Refine drill targets from the reinterpretation of the entire existing drilling and soils IP Geophysics etc- maximum value add for minimum spend 2. Drilling October, 2500m initial RC program. Commence a major expansion of the Llahuin
Slide 26: Open Pit Copper Mines in Production - America's
Open Pit Copper Mines in Production -America’s Mine Company Reserves and Grade Mill Throughput-tonnes per day and Annual Cu Prodn Constancia-Peru Hudbay Minerals 492mt 0.3%Cu, 85ppm 86k tpd (~30mtpa) Mo, 0.06g/t Au, 2.38g/t ~90ktpa Cu Ag Andacollo –Chile Teck 281mt @ 0.31 %Cu, 55k tpd (17.5mtpa 2021
Slide 27: Copper Demand Therefore next move is Cu Price
Copper Demand Therefore next move is Cu Price UBS - $100bn of Copper Projects need to be approved & in production by 2030! (10 March 2023) Southern Hemisphere Mining Limited I ASX: SUH 27
Slide 28: Chile and Comparative Country Credit Ratings
Chile and Comparative Country Credit Ratings Moody’s Country Credit Rating Chile A2 (Sept 22) • Australia Aaa (June 2022) • Argentina Ca (Sept 22) • Columbia Baa2 (2021) • Brazil Ba2 (2021) • Ecuador Caa3 (Feb 23) • Mexico Baa2 (May 22) • Peru Baa1 negative (Feb 23) Southern Hemisphere Mining Limite
Slide 29: Record Size Structural Deficits Fast Approaching
Record Size Structural Deficits Fast Approaching 1. Goldman Sachs, How Low Can We Go, July 2022 2. S&P Global, The Future of Copper, July 2022 . S&P estimates copper demand will double to over 50 Mt by 2050 Rapid growth from copper-intensive energy transition applications (power grid, renewables, EV
Slide 30: Compelling Investment Proposition
Compelling Investment Proposition Working towards being one of world’s next long-life Copper Mines Major markets forecast copper supply shortages 2025- 26 There are very few companies in this class with potential for an early pathway to a long mine life in an A credit rated country (Chile) A
Slide 31: Appendices
SOUTHERN HEMISPHERE mining limited Appendices
Slide 32: Commitment to Sustainability
Commitment to Sustainability The Company is committed to creating long-term value for all our stakeholders through integrating ESG best practice into the ongoing development of the company Transparency and Accountability Local Stakeholder Engagement Transparent corporate governance ensures we are We
Slide 33: Status
Status Summary Status -Llahuin Copper/Gold/Moly/Silver X PEA- stage Not yet- More exploration – in progress Growth Potential to PFS for a long life production profile 149-173mt M+I already defined Requiring ~150mt at usual Porphyry grades 2 large targets defined and advancing Ownership, vendor payme
Slide 34: Copper Discovery Rate Remains Dismal
Copper Discovery Rate Remains Dismal Source: S&P Global Market Intelligence 2010: Muji, . 18 2011: Cobre Panama, Timok, Cerro Negro, etc. 2012: Copa Sur 2013: Cascabel, Onto, Calingiri, West Musgrave 16 2014: Kamoa-Kakula, La Huifa, Jebel Ohier 2015: - 2016: Marimaca 14 2017: - 2018: - Number of Dis
Slide 35: Dearth of Discoveries Leaves Pipeline Empty
Dearth of Discoveries Leaves Pipeline Empty Source: S&P Global Market Intelligence 2010: Muji, • . 2011: Cobre Panama, Timok, Cerro Negro, etc. 2012: Copa Sur 2013: Cascabel, Onto, Calingiri, West Musgrave 2014: Kamoa-Kakula, La Huifa, Jebel Ohier 2015: - 120 5,000 2016: Marimaca 2017: - 2018: - 4,5
Slide 36: Looming Shortages - Mine Development Lagging
Looming Shortages-Mine Development Lagging Southern Hemisphere Mining Limited I ASX: SUH 36
Slide 37: Copper Demand Escalating
Copper Demand Escalating Southern Hemisphere Mining Limited I ASX: SUH 37
Slide 38: Los Pumas HPMSM Battery Manganese Project - Chile
Los Pumas HPMSM Battery Manganese Project- Chile -Spinout to Titan Battery Minerals and Technology • Project 100% owned- located Northern Chile • Mineral Resource Estimate -30.3Mt @ 6.24% Mn (2.5% Mn COG) 38% Mn concentrate from initial metallurgical Test work • Large low grade inferred 264mt @ 2.4%
Slide 39: 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
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