InvestSMART

Freehill Mining Limited (ASX:FHS)

ALERT: Price-sensitive ASX Announcement for FHS
Current share price for FHS : $0.001 -0.001 (-33.33%)+
Announcement
Release
19 Aug 2026 9:52AM
Price at Release
$0.002
Full Release
download
Summary
Freehill Mining Limited has announced the appointment of Mr. Marco Antonio Meneses Cortes, a highly experienced Civil Mining Engineer, to advance the Blanco y Negro copper-gold deposit into production. The appointment aligns with Chilean legislative changes that aim to increase the processing threshold for small-scale mining operations, enhancing the project's capacity. Meneses brings over 30 years of experience in mining operations and project development, particularly in Chile, which is expected to be instrumental in managing the permitting process and providing technical leadership. The Blanco y Negro project, located on 128 hectares of granted mining leases, boasts a Mineral Resource Estimate of approximately 1.5 million tonnes at 1.4% copper and 0.5 g/t gold, offering significant exploration potential. The company is encouraged by the anticipated legislative developments and is poised to fast-track the project with a comprehensive work program in place, including permitting, engineering studies, and infrastructure assessments.
Key Points
  • Appointment of Marco Antonio Meneses as Civil Mining Engineer to lead the Blanco y Negro project.
  • Chilean government plans to increase processing threshold for small-scale mining to 10,000 tonnes per month.
  • Blanco y Negro project contains 1.5 million tonnes at 1.4% copper and 0.5 g/t gold.
  • Project situated on 128 hectares of granted mining leases.
  • Comprehensive work program includes permitting and engineering studies.
  • Meneses' extensive experience in Chilean mining operations enhances project viability.
  • Freehill aims to leverage favorable copper prices and legislative changes.
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.