Freehill Mining Limited ( ASX: FHS) is an Australian mining and exploration company headquartered in Melbourne with a focus on iron ore (magnetite), copper and gold resources in Chile. Listed on the Australian Securities Exchange in January 2017 the company has a growth strategy focused on creating value for all stakeholders.
The founding team was involved in a number of smaller Chilean mining and processing projects which gave them the necessary land acquisition skills and understanding of government processes necessary to then set out to acquire strategically located and important assets in the Region IV area.
This resulted in the startup of a the Yerbas Buenas iron sands operation in 2014 and supply of magnetite concentrates to Chiles largest iron ore group Compania Minera Del Pacifico S.A (CMP), a subsidiary of CAP, one of Chiles largest mining groups.
Upon listing the company ceased mining of the iron sands and began trial mining of the hardrock magnetite material deposits in the eastern portion of the Yerbas Buenas project area. Iron ore magnetite concentrates produced from the hard rock sources are being supplied under contract to a large pellet feed plant owned by Chiles largest iron ore group Compania Minera Del Pacifico S.A.