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Freehill Mining Limited (ASX:FHS)

ALERT: Price-sensitive ASX Announcement for FHS
Current share price for FHS : $0.002 0 (0%)+
Announcement
Release
13 May 2026 10:01AM
Price at Release
$0.002
Full Release
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Summary
Freehill Mining Limited has announced significant progress on its Blanco y Negro Copper-Gold Project in Chile. The company has secured the Mineral Resource Estimate (MRE) data and completed a comprehensive geological review, marking a key milestone in the project's development. The project, situated on 128 hectares of granted exploration leases, has potential for rapid conversion to production due to its proximity to ENAMI’s SX-EW plant, offering a low-capex, quick-start toll-treatment route. Freehill is capitalizing on its cash-generating aggregates business to expedite permitting and mine planning, reducing execution risks and costs. With a strengthening copper market, the firm is strategically positioned to advance Blanco y Negro's development swiftly. The project currently hosts a Mineral Resource Estimate as per the JORC Code 2012, with promising drill results indicating the potential for further resource expansion.
Key Points
  • Secured Blanco y Negro Mineral Resource Estimate and completed a geological review.
  • Proximity to ENAMI’s SX-EW plant provides a low-capex toll-treatment route.
  • Freehill's aggregates business aids in accelerating project development.
  • The project hosts a JORC 2012 compliant Mineral Resource Estimate.
  • Promising drill results suggest potential resource growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.