Southern Hemisphere Mining Limited has released an extensive update on its Llahuin Copper‐Gold Project located in central Chile. The revised JORC‐compliant resource estimate now defines measured and indicated resources totaling about 174 million tonnes, averaging near 0.39% copper equivalent using a 0.22% CuEq cut‐off. In addition, an inferred resource of roughly 44 million tonnes has been reported at slightly lower grades. These estimates are derived on the basis of metal price assumptions of US$3.50 per pound for copper, US$3,000 per ounce for gold, and US$20 per pound for molybdenum, using the industry standard copper equivalent formula (Cu% + Au [g/t] × 1.25 + Mo% × 5.7). The update reflects improvements resulting from recent infill drilling, an enhanced block model with uniform dimensions of 10 m by 10 m by 5 m, and a comprehensive set of quality control measures, including nearly 65,000 metres of diamond core and reverse circulation drilling and an average bulk density of about 2.67 tonnes per cubic metre. Metallurgical test work carried out through previous campaigns indicates that copper recoveries range from 75% to 91%, while gold and molybdenum recovery rates have been reported between approximately 41% and 57% and 13.5% to 56.4%, respectively. The company has also delineated an Exploration Target that is conceptual in nature, ranging between 260 and 340 million tonnes with grades expected between 0.20% and 0.30% copper, roughly 0.08–0.10 g/t gold and 50–60 ppm molybdenum. Detailed geophysical surveys—including drone-based magnetics, audio-magnetotelluric data and 3D inversion modeling—have been integrated with extensive assay, structural and geological mapping to refine the deposit’s footprint and grade continuity. The project benefits from favorable infrastructure in the Coquimbo Region and a robust history of methodical drilling sampling and QA/QC protocols. Looking ahead, the company plans a follow-up drilling program in the fourth quarter of 2025 targeting the deep Curiosity-Southern Porphyry zone in a joint venture with FMR Resources Limited. This next step is designed to test the potential for deeper, higher-grade copper mineralization. Investors may view the update as bullish since the significant resource uplift and extensive technical work in a proven mining district support the project’s potential. However, cautious observers may note that full optimization of metallurgical recoveries remains pending and that the Exploration Target is conceptual, implying inherent exploration and developmental risks. Overall, the update lays a solid technical foundation for Llahuin’s long-term prospects while outlining both the promise and the challenges ahead.