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FREEHILL MINING LIMITED. — Capital/Financing Update 2017
Mar 29, 2017
64918_rns_2017-03-29_9bbfc750-0b95-40a6-97e7-1e23639b2cf2.pdf
Capital/Financing Update
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Thursday, 30[th] March 2017
Committed off take to end of 2017
Freehill Mining Limited (“Freehill”) is pleased to announce that Compania Del Pacifico S.A. (“CAP”) and Freehill, through its wholly owned subsidiary Yerbas Buenas SpA, have signed an amendment to their original Iron Ore Purchase Contract allowing for ongoing off-take of iron ore from the Yerbas Buenas project until the end of 2017.
After several site visits by representatives of CAP, deliveries have commenced and will continue for the remainder of the year.
The effective off take agreement ensures that Freehill will continue expanding its mining operations and licensing requirements.
CAP is Chile’s largest iron ore producer and a highly valued customer.
For further information please contact Mr Joe Fekete on +61 407 282 199 or by email [email protected].
Freehill Mining Ltd Level 1, 141 Capel Street, North Melbourne, VIC 3051
ACN 091 608 025 www.freehillmining.com
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Melbourne Australia Mr Stephen Chaplin Chairman
About Freehill Mining Ltd
Freehill Mining Ltd - FHS is an ASX listed company, which is engaged in identifying quality resource opportunities with an identifiable short term horizon to production.
Freehill Mining Ltd is pursuing this strategy in respect of the iron ore tenements owned by two of its Chilean incorporated subsidiaries, Yerbas Buenas SpA (YB SpA) and San Patricio Mineria SpA (SP SpA), collectively the Yerbas Buenas Project. The operations at the Yerbas Buenas Project involve the mining of magnetite iron ore from hard rock and sands at the surface, and other resources have been identified as potentially present at the Yerbas Buenas Project Area.
The Yerbas Buenas Project Area is located 30 kilometres north of the city of La Serena in the IV Region of Coquimbo, Chile. The Yerbas Buenas Project spans 398 hectares. There is an existing operating mine and established commercial sales relationships with key partners in Chile. In the near future FHS intends to commence a drilling program to prove up its reserves at the Yerbas Buenas project. For further information, please refer to the prospectus located on our website at www.freehillmining.com
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