Freehill Mining Limited successfully completed a fundraising of $4.02 million in January 2017 to complete the acquisition of the Yerbas Buenas mine a producing magnetite sands and hard rock mining operation in Chile.
-Developed the production of its hard rock reserves evident at surface and has delivered product
-Established a trial crushing plant capable of commercial production levels
-Refreshed its sales arrangements with Compania Minera Del Pacifico S.A.
-Lodged an application for expanded production
and intends to:
-Establish JORC compliant reserves for Yerbas Buenas
-Reduce current relatively low production costs further with modest capital expenditure
-Expand existing production and review potential for additional products from the project.