Chief Executive Officer Paul Davies said: “The appointment of an experienced and proven contractor is an excellent outcome for Freehill and consistent with our strategy of establishing a low CAPEX, low OPEX, sustainable mining operation at Yerbas Buenas. Our immediate focus is to ensure the consistent delivery of ~5,000 tonnes of saleable product per month using third-party infrastructure and support. Building a steady revenue base from the Phase 1 operations is our key objective so we can self-fund our near-term growth and limit shareholder dilution. While we have been working behind the scenes diligently to deliver today’s outcome, we look forward to regularly reporting on progress as activities ramp up. We can also confirm that there is considerable demand for the Yerbas Buenas ore and we are assessing a number of sales channels.”
FHS Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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