Freehill Mining Limited
FHS.AX
Australian Securities Exchange0.00
AUD
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Freehill Mining Limited
FHS.AX
(Australian Securities Exchange)
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Freehill Mining Limited Freehill Mining Limited engages in the mining and exploration of mineral resources in Chile, with a primary focus on iron ore (magnetite), copper, and gold deposits; it produces and sells magnetite concentrates, aggregates including stabilisation base, fine sand, rocks, specific gravel, and industrial sand for construction and cement industries. The company owns 100% interests in the Yerbas Buenas magnetite project covering 1,250 hectares north of Coquimbo-La Serena, the El Dorado concession area spanning 750 hectares, and operates multiple processing sites such as Islon and Yerbas Buenas for aggregates production and sales. Freehill Mining Limited generates revenue through mining sales and aggregates supply to regional construction firms and cement producers like Cementos Melon. Founded in 2000 and headquartered in Melbourne, Australia, the company conducts all operations in Chile's La Serena/Coquimbo region near key infrastructure including the Pan-American Highway, targeting infrastructure-driven demand in construction and industrial sectors with approximately 5-12 employees. In the past 1-2 years, Freehill Mining Limited has pivoted its aggregates business to become a primary feedstock supplier to the cement industry through enhancements at the Islon site, including new screens, conveyor systems for multi-material production, and a 40% workforce reduction to 12 staff with cement sector expertise; it secured a second processing site at Islon in 2025 for metropolitan supply, added a third aggregates site in June 2025, and reported ramping sales with daily 300-500m³ deliveries of industrial sand and gravel as of November 2025. Recent advancements include magnetite test work yielding up to 72% Fe concentrate in October 2025 and 65.75% Fe from bulk samples, copper samples up to 4.0% Cu from El Dorado in August 2025, orders from Cementos Melon including for a hospital project, plant upgrades and new equipment arrivals at Yerbas Buenas, multiple capital raisings via placements totaling millions, and operational turnarounds with sales growth exceeding supply capacity.