Southern Hemisphere Announces Positive Pre-Feasibility Study Results for Its Los Pumas Manganese Project

Southern Hemisphere Mining Limited (TSXV:SH, ASX:SUH) reports the positive Pre-Feasibility Study results of its entirely owned Los Pumas Manganese Project in Chile.

The press release is quoted as saying:

The PFS has evaluated the development of an open pit mine at Los Pumas and on-site processing facilities. The mine is expected to produce an average of 300,000 tonnes of manganese product per annum over a 7 year mine life, at an average cash cost (life of mine) of approximately US$3.50 per dry metric tonne unit (“dmtu”). The project economics are extremely robust with an after tax internal rate of return (“IRR”) of over 40% on an initial capital investment of US$74.3 million.

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