SUH: Annual Report to shareholders
Original announcement by asx on
- Company
- Southern Hemisphere Mining Limited
- Ticker
- SUH
- Exchange
- ASX
- Region
- Chile
- Primary commodity
- Copper
- Secondary commodities
- Gold, Molybdenum, Manganese, Aluminum, Iron ore, Potassium, Phosphorus, Silicon dioxide
- Document categories
- Resource update, Drill results, Agreement transaction, Metallurgy
- Extracted
- 2026-09-22 07:09:42 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Southern Hemisphere Mining Limited reported a breakthrough year with strong drill results from its Llahuin Copper-Gold-Molybdenum Project in Chile, confirming new mineralized centers and a substantial porphyry system. The company also announced a 27.5% increase in the JORC Mineral Ore Resource for its Los Pumas Manganese Project and progress on a joint venture for the Southern Porphyry Target. Despite these operational successes, the company recorded a financial loss and negative working capital, raising concerns about its going concern status.
Reasoning: The company reports a breakthrough period with strong drill results, new discoveries, and significant resource growth for its key projects in Chile, indicating strong technical momentum and future potential. However, financial losses and going concern uncertainty present a notable risk.
Positive factors
- Strong drill intercepts at Llahuin, including high-grade and continuous widths from surface, indicating a substantial porphyry system.
- Identification of a new porphyry centre (Ferro South) within the Llahuin system, suggesting district-scale potential.
- Resource upgrade for Llahuin is in progress, building on a robust existing estimate.
- Significant 27.5% increase in the JORC Mineral Ore Resource for the Los Pumas Manganese Project.
- Joint venture partner FMR Resources has exceeded expenditure commitments for Stage 1 earn-in at Southern Porphyry, demonstrating commitment.
- Preliminary metallurgical testwork for Llahuin confirmed no deleterious elements, and Los Pumas can achieve high-grade manganese concentrates with low impurities.
Negative factors
- The company reported a financial loss and negative working capital, leading to a significant uncertainty regarding its ability to continue as a going concern.
- 13.75 million unlisted options expired due to not meeting performance criteria (resource increase or share price target), indicating some targets were not met.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 47
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("DMS")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 47. Some facts used in scoring do not have a stored record.
Drill Results (10)
24LHRD067Llahuin · copperGrade: 0.42Grade Unit: %Intercept: 241 mView all detailsHide details
Identity
- Hole ID
- 24LHRD067
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.42
- Grade Unit
- %
- Intercept
- 241 m
- From
- 18 m
- To
- 259 m
- Intercept Depth
- 18 m
Classification
- Deposit Type
- porphyry
- Program
- mixed
- Sample Type
- drill
- Group ID
- 24LHRD067:18-259
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This intercept shows a strong copper equivalent grade over a very significant length, indicating substantial mineralization within the porphyry system.
Positive factors
- Strong copper equivalent grade for a porphyry deposit.
- Exceptional intercept length, indicating significant continuity of mineralization.
Negative factors
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“241m @ 0.42% CuEq from 18m in 24LHRD067”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 0.42% CuEq over 241m is a strong grade-width product for a porphyry deposit.
Evidence · text
“241m @ 0.42% CuEq”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“241m @ 0.42% CuEq from 18m”
24LHRD067Llahuin · copperGrade: 0.51Grade Unit: %Intercept: 143 mView all detailsHide details
Identity
- Hole ID
- 24LHRD067
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.51
- Grade Unit
- %
- Intercept
- 143 m
- From
- 36 m
- To
- 179 m
- Intercept Depth
- 36 m
Classification
- Deposit Type
- porphyry
- Program
- mixed
- Sample Type
- drill
- Group ID
- 24LHRD067:36-179
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This sub-interval shows an exceptional copper equivalent grade over a strong length, highlighting a higher-grade zone within the broader intercept.
Positive factors
- Exceptional copper equivalent grade for a porphyry deposit.
- Strong intercept length, indicating continuous high-grade mineralization within the broader interval.
Negative factors
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“including 143m @ 0.51% CuEq from 36m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 0.51% CuEq over 143m is an exceptional grade-width product for a porphyry deposit.
Evidence · text
“143m @ 0.51% CuEq”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“143m @ 0.51% CuEq from 36m”
24LHRD065Llahuin · copperGrade: 0.66Grade Unit: %Intercept: 154 mView all detailsHide details
Identity
- Hole ID
- 24LHRD065
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.66
- Grade Unit
- %
- Intercept
- 154 m
- From
- 0 m
- To
- 154 m
- Intercept Depth
- 0 m
Classification
- Deposit Type
- porphyry
- Program
- mixed
- Sample Type
- drill
- Group ID
- 24LHRD065:0-154
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This intercept represents an exceptional grade over a significant length starting from surface, which is highly material for potential economic extraction.
Positive factors
- Exceptional copper equivalent grade for a porphyry deposit.
- Exceptional intercept length, indicating significant continuous mineralization from surface.
- Shallow mineralization from surface is highly favorable for potential open-pit mining.
Negative factors
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“154m @ 0.66% CuEq from surface in 24LHRD065”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 0.66% CuEq over 154m from surface is an exceptional grade-width product for a porphyry deposit.
Evidence · text
“154m @ 0.66% CuEq”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“154m @ 0.66% CuEq from surface”
24LHRD055Llahuin · copperGrade: 0.43Grade Unit: %Intercept: 156 mView all detailsHide details
Identity
- Hole ID
- 24LHRD055
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.43
- Grade Unit
- %
- Intercept
- 156 m
- From
- 2 m
- To
- 158 m
- Intercept Depth
- 2 m
Classification
- Deposit Type
- porphyry
- Program
- mixed
- Sample Type
- drill
- Group ID
- 24LHRD055:2-158
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This intercept shows a strong copper equivalent grade over a very significant length, indicating substantial mineralization near surface within the porphyry system.
Positive factors
- Strong copper equivalent grade for a porphyry deposit.
- Exceptional intercept length, indicating significant continuous mineralization near surface.
Negative factors
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“156m @ 0.43% CuEq from 2m in 24LHRD055”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 0.43% CuEq over 156m is a strong grade-width product for a porphyry deposit.
Evidence · text
“156m @ 0.43% CuEq”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“156m @ 0.43% CuEq from 2m”
24LHRD055Llahuin · copperGrade: 0.51Grade Unit: %Intercept: 106 mView all detailsHide details
Identity
- Hole ID
- 24LHRD055
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.51
- Grade Unit
- %
- Intercept
- 106 m
- From
- 2 m
- To
- 108 m
- Intercept Depth
- 2 m
Classification
- Deposit Type
- porphyry
- Program
- mixed
- Sample Type
- drill
- Group ID
- 24LHRD055:2-108
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This sub-interval shows an exceptional copper equivalent grade over a strong length, highlighting a higher-grade zone within the broader intercept near surface.
Positive factors
- Exceptional copper equivalent grade for a porphyry deposit.
- Strong intercept length, indicating continuous high-grade mineralization within the broader interval near surface.
Negative factors
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“including 106m @ 0.51% CuEq from 2m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "mixed"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 0.51% CuEq over 106m is an exceptional grade-width product for a porphyry deposit.
Evidence · text
“106m @ 0.51% CuEq”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“106m @ 0.51% CuEq from 2m”
25LHDD071Llahuin · copperGrade: 0.31Grade Unit: %Intercept: 124 mView all detailsHide details
Identity
- Hole ID
- 25LHDD071
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.31
- Grade Unit
- %
- Intercept
- 124 m
- From
- 258 m
- To
- 382 m
- Intercept Depth
- 258 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25LHDD071:258-382
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This intercept shows a moderate copper equivalent grade over a significant length at depth, confirming the presence of a large hydrothermal system and advancing exploration at the Southern Porphyry target.
Positive factors
- Moderate copper equivalent grade for a porphyry deposit.
- Significant intercept length at depth, confirming a large hydrothermal system.
- Part of Phase I deep diamond drilling, indicating progress in exploration.
Negative factors
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“124m @ 0.31% CuEq from 258m (25LHDD071)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“124m @ 0.31% CuEq from 258m”
Step-Out ExtensionRejected · positive
Mineralization extended beyond the previously known limit.
Reason: This deep drilling is part of advancing the Southern Porphyry target, indicating exploration for extensions.
Evidence · text
“Phase I drilling delivered more than 5,000 metres across four deep diamond holes, confirming a large hydrothermal system”
26LHDD072Llahuin · copperGrade: 0.16Grade Unit: %Intercept: 104 mView all detailsHide details
Identity
- Hole ID
- 26LHDD072
- Project
- Llahuin
- Commodity
- copper
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Geometry
- Grade
- 0.16
- Grade Unit
- %
- Intercept
- 104 m
- From
- 522 m
- To
- 626 m
- Intercept Depth
- 522 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- 26LHDD072:522-626
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: This intercept shows a weak copper equivalent grade over a significant length at considerable depth, but contributes to understanding the large hydrothermal system and vectoring for future drilling.
Positive factors
- Significant intercept length at considerable depth, confirming a large hydrothermal system.
- Part of Phase I deep diamond drilling, indicating progress in exploration and vectoring towards a concealed porphyry core.
Negative factors
- Weak copper equivalent grade for a porphyry deposit.
- True width not disclosed, potentially overstating actual thickness.
Evidence · text
“104m @ 0.16% CuEq from 522m (26LHDD072)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole length with no true width or drill orientation stated.
Evidence · text
“104m @ 0.16% CuEq from 522m”
Step-Out ExtensionRejected · positive
Mineralization extended beyond the previously known limit.
Reason: This deep drilling is part of advancing the Southern Porphyry target, indicating exploration for extensions.
Evidence · text
“Phase I drilling delivered more than 5,000 metres across four deep diamond holes, confirming a large hydrothermal system”
Fact 8LlahuinNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Llahuin
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: FMR Resources has significantly advanced its Stage 1 earn-in for the Southern Porphyry Target, exceeding expenditure and nearing drilling completion, which is a strong positive for the Llahuin project.
Positive factors
- FMR has exceeded its expenditure commitment for Stage 1, demonstrating strong commitment to the JV.
- Drilling commitment is nearing completion, indicating significant progress in exploration.
- Formal agreement executed, providing clarity and stability to the partnership.
Evidence · text
“FMR has the right to earn a 50% legal and beneficial interest in the Concessions by expending $3,000,000, including by drilling not less than 6,000m. (“Stage 1 Earn-in) over a 2-year period. As at 30 June 2026, FMR has contributed $4,176,015. $3,634,518 paid through the Group and expenditure of $541,497 paid by FMR directly. FMR has to drill ~1,000 more metres to earn the Stage 1 Earn-in interest of 50%.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Joint VentureRejected · neutral · Story-specific tag
No canonical definition is currently available.
Reason: The company has a joint venture agreement with FMR Resources Limited for the Southern Porphyry Target.
Evidence · text
“joint venture with FMR Resources Limited”
Earn-in AgreementRejected · neutral · Story-specific tag
No canonical definition is currently available.
Reason: The agreement is structured as an earn-in, allowing FMR to acquire an interest by meeting expenditure and drilling commitments.
Evidence · text
“FMR has the right to earn a 50% legal and beneficial interest in the Concessions by expending $3,000,000, including by drilling not less than 6,000m.”
Fact 9LlahuinNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Llahuin
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: FMR Resources has an option to earn an additional 10% interest in the Southern Porphyry Target by making a substantial payment and committing to further expenditure, highlighting the project's long-term potential.
Positive factors
- FMR has an option to increase its interest to 60% through further significant investment, indicating long-term potential and commitment.
- Formal agreement executed, providing clarity and stability to the partnership.
Evidence · text
“FMR may elect within 30 days after completing the Stage 1 Earn-in (“Stage 1 Completion”) to earn an additional 10% legal and beneficial interest (60% interest in aggregate) in the Concessions by: (a) paying the Company $2,500,000 in cash and/or script (calculated on a 20-day VWAP) at FMR’s election within 60 days; and (b) sole funding a further $10,000,000 of expenditure over a 3-year period.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Joint VentureRejected · neutral · Story-specific tag
No canonical definition is currently available.
Reason: The company has a joint venture agreement with FMR Resources Limited for the Southern Porphyry Target.
Evidence · text
“joint venture with FMR Resources Limited”
Earn-in AgreementRejected · neutral · Story-specific tag
No canonical definition is currently available.
Reason: The agreement includes an option for FMR to earn an additional interest by meeting further payment and expenditure commitments.
Evidence · text
“FMR may elect ... to earn an additional 10% legal and beneficial interest”
Fact 10LlahuinNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Llahuin
- Region
- chile
- Reported Region
- chile
- Ticker
- SUH
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The company received FMR Resources shares as part of the earn-in consideration, providing a valuable equity stake in the partner company.
Positive factors
- Receipt of shares in FMR Resources as consideration for the earn-in, providing a direct equity interest in the partner company.
- The shares were issued at a deemed price, indicating a valuation for the transaction.
Evidence · text
“FMR issued 937,500 fully paid ordinary shares to the Company. These shares shall be subject to a voluntary 6-month escrow. The shares were issued on 5 August 2025 at a deemed issue price of $0.16 per share, being a gain of $150,000.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Joint VentureRejected · neutral · Story-specific tag
No canonical definition is currently available.
Reason: The company received shares as consideration related to the joint venture with FMR Resources Limited.
Evidence · text
“joint venture with FMR Resources Limited”
Earn-in AgreementRejected · neutral · Story-specific tag
No canonical definition is currently available.
Reason: The shares were issued as consideration for the earn-in rights granted to FMR.
Evidence · text
“In consideration for the grant of exclusivity and entitlement to conduct due diligence FMR must pay the Company A$20,000 cash. This was received in the prior financial year. As the Condition was satisfied, FMR issued 937,500 fully paid ordinary shares to the Company.”
Resource Estimates (33)
measuredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 90900000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:10a6e1e3953f6a33f17d
- Deposit or zone
- Central Porphyry
Resource Data
- Category
- measured
- Tonnes
- 90900000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.42
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Porphyry Measured resource represents a substantial, high-confidence portion of the Llahuin project with a strong copper equivalent grade, providing a robust foundation for development.
Positive factors
- Significant tonnage in the highest confidence category (Measured).
- Strong copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“0.42%”
Context: 90.9
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 10200000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9446701fd54400cc745e
- Deposit or zone
- Central Porphyry
Resource Data
- Category
- indicated
- Tonnes
- 10200000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.33
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Porphyry Indicated resource adds to the overall confidence and scale of the Llahuin project with a moderate copper equivalent grade.
Positive factors
- Moderate tonnage in the Indicated category, providing reasonable geological confidence.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“0.33%”
Context: 10.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 10.2
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 24500000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:cb46f8c0eff8f5b57802
- Deposit or zone
- Central Porphyry
Resource Data
- Category
- inferred
- Tonnes
- 24500000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.31
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Central Porphyry Inferred resource provides upside potential for the Llahuin project, but requires further drilling to upgrade confidence.
Positive factors
- Moderate tonnage in the Inferred category, indicating potential for future resource conversion.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“0.31%”
Context: 24.5
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 41900000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:40f79a442ccc0977f48e
- Deposit or zone
- Cerro
Resource Data
- Category
- measured
- Tonnes
- 41900000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Cerro Measured resource contributes significantly to the overall Llahuin project with high confidence and a strong copper equivalent grade.
Positive factors
- Significant tonnage in the highest confidence category (Measured).
- Strong copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“0.40%”
Context: 41.9
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 4900000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:635dda468fc85f8fce76
- Deposit or zone
- Cerro
Resource Data
- Category
- indicated
- Tonnes
- 4900000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.32
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Cerro Indicated resource adds to the overall confidence and scale of the Llahuin project with a moderate copper equivalent grade.
Positive factors
- Moderate tonnage in the Indicated category, providing reasonable geological confidence.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“0.32%”
Context: 4.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 4.9
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 13700000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:75dcce3911b668106fda
- Deposit or zone
- Cerro
Resource Data
- Category
- inferred
- Tonnes
- 13700000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.32
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Cerro Inferred resource provides upside potential for the Llahuin project, but requires further drilling to upgrade confidence.
Positive factors
- Moderate tonnage in the Inferred category, indicating potential for future resource conversion.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“0.32%”
Context: 13.7
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 19100000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:85b8dc6ff3cf71a660f3
- Deposit or zone
- Ferro
Resource Data
- Category
- measured
- Tonnes
- 19100000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.32
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Ferro Measured resource adds to the overall confidence and scale of the Llahuin project with a moderate copper equivalent grade.
Positive factors
- Moderate tonnage in the highest confidence category (Measured).
- Moderate copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“0.32%”
Context: 19.1
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 7100000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0c25354eb213fa0930e1
- Deposit or zone
- Ferro
Resource Data
- Category
- indicated
- Tonnes
- 7100000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.34
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Ferro Indicated resource adds to the overall confidence and scale of the Llahuin project with a moderate copper equivalent grade.
Positive factors
- Moderate tonnage in the Indicated category, providing reasonable geological confidence.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“0.34%”
Context: 7.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 7.1
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 5900000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7e281378f02550c9eaf9
- Deposit or zone
- Ferro
Resource Data
- Category
- inferred
- Tonnes
- 5900000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.32
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Ferro Inferred resource provides upside potential for the Llahuin project, but requires further drilling to upgrade confidence.
Positive factors
- Moderate tonnage in the Inferred category, indicating potential for future resource conversion.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“0.32%”
Context: 5.9
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 151900000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:dc67a7cd1755689b2286
- Deposit or zone
- Total Llahuin
Resource Data
- Category
- measured
- Tonnes
- 151900000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.4
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Measured resource for Llahuin represents a very substantial and high-confidence base for future development with a strong copper equivalent grade.
Positive factors
- Very large total Measured tonnage, indicating high confidence in a significant portion of the resource.
- Strong copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“151.9 @ 0.40%”
Context: Total (rounded)
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 22200000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c3ea93146f9c0d5055b4
- Deposit or zone
- Total Llahuin
Resource Data
- Category
- indicated
- Tonnes
- 22200000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.33
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource for Llahuin adds significantly to the overall confidence and scale of the project with a moderate copper equivalent grade.
Positive factors
- Significant total Indicated tonnage, providing reasonable geological confidence.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“22.2 @ 0.33%”
Context: Total (rounded)
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The total resource includes a significant Indicated component, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 22.2
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 44100000View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:afad18bf072d33ea1949
- Deposit or zone
- Total Llahuin
Resource Data
- Category
- inferred
- Tonnes
- 44100000
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Metal Eq. Grade
- 0.31
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Inferred resource for Llahuin provides significant upside potential for the project, but requires further drilling to upgrade confidence.
Positive factors
- Significant total Inferred tonnage, indicating substantial upside potential for future resource conversion.
- Moderate copper equivalent grade for an open-pit porphyry deposit.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“44.1 @ 0.31%”
Context: Total (rounded)
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLlahuin Copper-Gold-Molybdenum Project · copperTonnes: 218200000Contained Metal: 496600Contained Unit: tView all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:46b36a76c4aece562006
- Deposit or zone
- Total Llahuin
Resource Data
- Category
- inferred
- Tonnes
- 218200000
- Contained Metal
- 496600
- Contained Unit
- t
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total contained copper metal for the Llahuin project is substantial, highlighting the overall scale and value of the resource.
Positive factors
- Significant contained copper metal for the total resource.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · text
“containing 496,600 tonnes of copper”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
inferredLlahuin Copper-Gold-Molybdenum Project · goldTonnes: 218200000Contained Metal: 654900Contained Unit: ozView all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:46b36a76c4aece562006
- Deposit or zone
- Total Llahuin
Resource Data
- Category
- inferred
- Tonnes
- 218200000
- Contained Metal
- 654900
- Contained Unit
- oz
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total contained gold metal for the Llahuin project is substantial, highlighting the overall scale and value of the resource.
Positive factors
- Significant contained gold metal for the total resource.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · text
“654,900 ounces of gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
inferredLlahuin Copper-Gold-Molybdenum Project · molybdenumTonnes: 218200000Contained Metal: 12500Contained Unit: tView all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- molybdenum
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:46b36a76c4aece562006
- Deposit or zone
- Total Llahuin
Resource Data
- Category
- inferred
- Tonnes
- 218200000
- Contained Metal
- 12500
- Contained Unit
- t
- Cutoff Grade
- 0.22
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-07-30
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total contained molybdenum metal for the Llahuin project is substantial, highlighting the overall scale and value of the resource.
Positive factors
- Significant contained molybdenum metal for the total resource.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · text
“12,500 tonnes of molybdenum”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
indicatedLos Pumas Manganese Project · manganeseTonnes: 23324038Grade: 6.21Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- manganese
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:82d6d3259b21cf128a93
- Deposit or zone
- Los Pumas
Resource Data
- Category
- indicated
- Tonnes
- 23324038
- Grade
- 6.21
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Los Pumas Indicated resource shows a strong manganese grade over significant tonnage, contributing to the overall 27.5% increase in the resource.
Positive factors
- Significant tonnage in the Indicated category, providing reasonable geological confidence.
- Strong manganese grade.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
- The resource increased by 27.5% overall, indicating growth.
Evidence · table
“6.21”
Context: 23,324,038
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 23,324,038
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
indicatedLos Pumas Manganese Project · aluminumTonnes: 23324038Grade: 5.71Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- aluminum
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:82d6d3259b21cf128a93
- Deposit or zone
- Los Pumas
Resource Data
- Category
- indicated
- Tonnes
- 23324038
- Grade
- 5.71
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource for Los Pumas includes a significant aluminum grade, which could be a valuable byproduct.
Positive factors
- Significant aluminum grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“5.71”
Context: 23,324,038
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 23,324,038
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
indicatedLos Pumas Manganese Project · iron_oreTonnes: 23324038Grade: 2.78Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- iron_ore
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:82d6d3259b21cf128a93
- Deposit or zone
- Los Pumas
Resource Data
- Category
- indicated
- Tonnes
- 23324038
- Grade
- 2.78
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource for Los Pumas includes a significant iron oxide grade, which could be a valuable byproduct.
Positive factors
- Significant iron oxide grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“2.78”
Context: 23,324,038
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 23,324,038
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
indicatedLos Pumas Manganese Project · potassiumTonnes: 23324038Grade: 2.98Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- potassium
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:82d6d3259b21cf128a93
- Deposit or zone
- Los Pumas
Resource Data
- Category
- indicated
- Tonnes
- 23324038
- Grade
- 2.98
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource for Los Pumas includes a significant potassium grade, which could be a valuable byproduct.
Positive factors
- Significant potassium grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“2.98”
Context: 23,324,038
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 23,324,038
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
indicatedLos Pumas Manganese Project · phosphorusTonnes: 23324038Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- phosphorus
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:82d6d3259b21cf128a93
- Deposit or zone
- Los Pumas
Resource Data
- Category
- indicated
- Tonnes
- 23324038
- Grade
- 0.05
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource for Los Pumas includes a low phosphorus grade, which is likely a minor component.
Positive factors
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Low phosphorus grade, likely not a primary economic driver.
Evidence · table
“0.05”
Context: 23,324,038
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 23,324,038
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
indicatedLos Pumas Manganese Project · silicon_dioxideTonnes: 23324038Grade: 57.07Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- silicon_dioxide
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:82d6d3259b21cf128a93
- Deposit or zone
- Los Pumas
Resource Data
- Category
- indicated
- Tonnes
- 23324038
- Grade
- 57.07
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated resource for Los Pumas includes a high silicon dioxide grade, which is a significant component of the material.
Positive factors
- High silicon dioxide grade, which can be relevant for certain industrial applications or processing considerations.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Evidence · table
“57.07”
Context: 23,324,038
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is classified as Indicated, providing reasonable geological confidence.
Evidence · table
“Indicated”
Context: 23,324,038
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · manganeseTonnes: 6940715Grade: 6.34Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- manganese
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3b43a8381c9242d5d110
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 6940715
- Grade
- 6.34
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Los Pumas Inferred resource shows a strong manganese grade over moderate tonnage, contributing to the overall 27.5% increase in the resource and providing upside potential.
Positive factors
- Moderate tonnage in the Inferred category, indicating potential for future resource conversion.
- Strong manganese grade.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
- The resource increased by 27.5% overall, indicating growth.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“6.34”
Context: 6,940,715
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · aluminumTonnes: 6940715Grade: 5.85Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- aluminum
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3b43a8381c9242d5d110
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 6940715
- Grade
- 5.85
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource for Los Pumas includes a significant aluminum grade, which could be a valuable byproduct, but requires further drilling to upgrade confidence.
Positive factors
- Significant aluminum grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“5.85”
Context: 6,940,715
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · iron_oreTonnes: 6940715Grade: 3.05Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- iron_ore
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3b43a8381c9242d5d110
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 6940715
- Grade
- 3.05
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource for Los Pumas includes a significant iron oxide grade, which could be a valuable byproduct, but requires further drilling to upgrade confidence.
Positive factors
- Significant iron oxide grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“3.05”
Context: 6,940,715
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · potassiumTonnes: 6940715Grade: 2.83Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- potassium
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3b43a8381c9242d5d110
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 6940715
- Grade
- 2.83
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource for Los Pumas includes a significant potassium grade, which could be a valuable byproduct, but requires further drilling to upgrade confidence.
Positive factors
- Significant potassium grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“2.83”
Context: 6,940,715
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · phosphorusTonnes: 6940715Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- phosphorus
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3b43a8381c9242d5d110
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 6940715
- Grade
- 0.05
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource for Los Pumas includes a low phosphorus grade, which is likely a minor component and requires further drilling to upgrade confidence.
Positive factors
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Low phosphorus grade, likely not a primary economic driver.
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“0.05”
Context: 6,940,715
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · silicon_dioxideTonnes: 6940715Grade: 54.61Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- silicon_dioxide
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:3b43a8381c9242d5d110
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 6940715
- Grade
- 54.61
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred resource for Los Pumas includes a high silicon dioxide grade, which is a significant component of the material, but requires further drilling to upgrade confidence.
Positive factors
- High silicon dioxide grade, which can be relevant for certain industrial applications or processing considerations.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Inferred category has lower geological confidence and cannot support economic studies alone.
Evidence · table
“54.61”
Context: 6,940,715
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · manganeseTonnes: 30264753Grade: 6.24Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- manganese
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1bb259697ea23580166e
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 30264753
- Grade
- 6.24
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated plus Inferred resource for Los Pumas shows a strong manganese grade over significant tonnage, representing a substantial increase and upside potential.
Positive factors
- Significant total tonnage for the combined Indicated and Inferred categories.
- Strong manganese grade.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
- The resource increased by 27.5% overall, indicating growth.
Negative factors
- A significant portion of the total resource is in the Inferred category, which has lower geological confidence.
Evidence · table
“6.24”
Context: 30,264,753
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · aluminumTonnes: 30264753Grade: 5.74Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- aluminum
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1bb259697ea23580166e
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 30264753
- Grade
- 5.74
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated plus Inferred resource for Los Pumas includes a significant aluminum grade, which could be a valuable byproduct.
Positive factors
- Significant aluminum grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- A significant portion of the total resource is in the Inferred category, which has lower geological confidence.
Evidence · table
“5.74”
Context: 30,264,753
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · iron_oreTonnes: 30264753Grade: 2.84Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- iron_ore
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1bb259697ea23580166e
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 30264753
- Grade
- 2.84
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated plus Inferred resource for Los Pumas includes a significant iron oxide grade, which could be a valuable byproduct.
Positive factors
- Significant iron oxide grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- A significant portion of the total resource is in the Inferred category, which has lower geological confidence.
Evidence · table
“2.84”
Context: 30,264,753
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · potassiumTonnes: 30264753Grade: 2.95Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- potassium
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1bb259697ea23580166e
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 30264753
- Grade
- 2.95
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated plus Inferred resource for Los Pumas includes a significant potassium grade, which could be a valuable byproduct.
Positive factors
- Significant potassium grade as a potential byproduct.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- A significant portion of the total resource is in the Inferred category, which has lower geological confidence.
Evidence · table
“2.95”
Context: 30,264,753
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · phosphorusTonnes: 30264753Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- phosphorus
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1bb259697ea23580166e
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 30264753
- Grade
- 0.05
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated plus Inferred resource for Los Pumas includes a low phosphorus grade, which is likely a minor component.
Positive factors
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- Low phosphorus grade, likely not a primary economic driver.
- A significant portion of the total resource is in the Inferred category, which has lower geological confidence.
Evidence · table
“0.05”
Context: 30,264,753
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
inferredLos Pumas Manganese Project · silicon_dioxideTonnes: 30264753Grade: 56.5Grade Unit: %View all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- silicon_dioxide
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1bb259697ea23580166e
- Deposit or zone
- Los Pumas
Resource Data
- Category
- inferred
- Tonnes
- 30264753
- Grade
- 56.5
- Grade Unit
- %
- Cutoff Grade
- 2.5
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-05-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated plus Inferred resource for Los Pumas includes a high silicon dioxide grade, which is a significant component of the material.
Positive factors
- High silicon dioxide grade, which can be relevant for certain industrial applications or processing considerations.
- JORC 2012 compliant and QP signed, indicating high reporting standards.
Negative factors
- A significant portion of the total resource is in the Inferred category, which has lower geological confidence.
Evidence · table
“56.50”
Context: 30,264,753
Tags used in scoring
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.4 years before this release
Metallurgical Results (4)
flotationLlahuin Copper-Gold-Molybdenum Project · copperRecovery: 87.5 %View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- copper
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- closed circuit flotation testwork
- Sample
- Preliminary closed circuit flotation testwork, range 84-91%
Recovery
- Recovery
- 87.5 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Preliminary closed circuit flotation testwork shows strong copper recovery with no deleterious elements, which is a positive indicator for the Llahuin project's processing.
Positive factors
- Strong copper recovery for flotation, indicating good amenability to processing.
- Confirmation of no deleterious elements, which is positive for concentrate quality.
Negative factors
- Testwork is preliminary and still to be optimized, suggesting further work is needed.
Evidence · text
“Cu 84–91%”
flotationLlahuin Copper-Gold-Molybdenum Project · goldRecovery: 49 %View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- gold
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- closed circuit flotation testwork
- Sample
- Preliminary closed circuit flotation testwork, range 41-57%
Recovery
- Recovery
- 49 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Preliminary closed circuit flotation testwork shows low gold recovery, which is a concern for the Llahuin project's processing and requires further optimization.
Positive factors
- Confirmation of no deleterious elements, which is positive for concentrate quality.
Negative factors
- Low gold recovery for flotation, indicating potential challenges or need for optimization.
- Testwork is preliminary and still to be optimized, suggesting further work is needed.
Evidence · text
“Au 41–57%”
flotationLlahuin Copper-Gold-Molybdenum Project · molybdenumRecovery: 35 %View all detailsHide details
Identity
- Project
- Llahuin Copper-Gold-Molybdenum Project
- Commodity
- molybdenum
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Test Work
- Program Status
- preliminary
- Test Type
- flotation
- Processing Route
- closed circuit flotation testwork
- Sample
- Preliminary closed circuit flotation testwork, range ~14-56%
Recovery
- Recovery
- 35 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Preliminary closed circuit flotation testwork shows low molybdenum recovery, which is a concern for the Llahuin project's processing and requires further optimization.
Positive factors
- Confirmation of no deleterious elements, which is positive for concentrate quality.
Negative factors
- Low molybdenum recovery for flotation, indicating potential challenges or need for optimization.
- Testwork is preliminary and still to be optimized, suggesting further work is needed.
Evidence · text
“Mo ~14–56%”
DMSLos Pumas Manganese Project · manganeseView all detailsHide details
Identity
- Project
- Los Pumas Manganese Project
- Commodity
- manganese
- Region
- chile
- Reported Region
- Chile
- Ticker
- SUH
Test Work
- Test Type
- DMS
- Processing Route
- DMS
- Sample
- Concentrates achievable by DMS with low impurities and high silica product, greater than 38% Mn
Recovery
- Conc. Grade
- 38
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Metallurgical studies demonstrate that high-grade manganese concentrates with low impurities are achievable for Los Pumas, which is a strong positive for project development.
Positive factors
- High manganese concentrate grade achievable by DMS, indicating good processing potential.
- Low impurities and high silica product are positive for concentrate quality and marketability.
Evidence · text
“greater than 38% Mn concentrates are achievable by DMS with low impurities and high silica product”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.