Southern Hemisphere Mining (ASX:SUH) said FMR Resources (ASX: FMR) completed technical due diligence to earn up to a 60% stake in four concessions at the Llahuin Copper-Gold project in Chile, according to a Tuesday filing with the Australian bourse.
Deep drilling at the project is set for the fourth quarter of the year, the filing said.
Shares of FMR Resources rose nearly 5% in recent Tuesday trade.
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