Southern Hemisphere Mining Limited has entered into a conditional, binding agreement with FMR Resources Limited, providing FMR the right to earn up to a 60% interest in selected concessions within its Llahuin Copper-Gold-Molybdenite Project in Chile. The agreement focuses on advancing the Curiosity Southern Porphyry Copper-Gold Target, one of several key prospective zones on the property. Subject to satisfactory legal and technical due diligence within 60 days, FMR will issue shares to Southern Hemisphere and is committed to spending A$3 million over a two‑year period on exploration activities—including a drill program that mandates a minimum expenditure of A$1 million to drill at least one 1,400‑metre hole. Technical data included in the announcement show a comprehensive geophysical program using magnetic, induced polarization, and magnetotelluric surveys. These surveys have delineated a large, circular target approximately 1,000 metres below surface, indicating the possibility of a deep, sizable copper porphyry system. Historic shallow drilling has returned promising copper, gold, and molybdenum results, though the core of the newly identified anomaly has yet to be tested. In addition, Southern Hemisphere retains 100% of its northern concessions and continues active exploration on other projects, including its wholly owned Cardawan Copper Project in Western Australia. FMR Resources is concurrently undertaking a capital raise of A$2.2 million through a share placement to fund further exploration and development. With seasoned miner Oliver Kiddie appointed as Managing Director—bringing over 20 years of experience—the joint venture is expected to pursue aggressive drilling and additional geophysical reprocessing in the coming months, potentially leading to a significant discovery. The news carries a bullish tone with the prospect of unlocking a major mineral discovery in one of the world’s premier copper regions, supported by robust technical data and experienced management. However, there is a degree of caution as the success of the deep drilling program remains uncertain, and the large capital outlays required underline the inherent exploration risks. This development is set to be a pivotal step in advancing the project, with the potential for rewarding returns alongside the usual challenges found in early-stage mining ventures.